Gas Compressors Market Analysis | APAC to Dominate Market Growth Worldwide through 2023-2027
Technavio has been monitoring the Gas Compressors Market worldwide and it is expected to grow by USD 2506.92 Mn in progress at a CAGR of 4.93% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, which comprise determinants like the need for energy-efficient compressor systems, the growing use of CNG as fuel, and competitive and stable prices of CNG.
Senior Analyst at Technavio Quoted ~ " the need for energy-efficient compressor systems are likely to have a significant effect on the Gas Compressors Market expansion globally "
Snapshot of Gas Compressors Market Analysis
APAC to dominate the Gas Compressors Market
52% of the market’s growth will originate from APAC during the forecast period. APAC is the largest geographic segment in the global gas compressor market and will continue to be the largest segment during the forecast period.
In countries like India and China, the growth potential of gas compressors is high, China is the largest contributor to the APAC gas compressor market due to the country's growing natural gas infrastructure. China is the largest oil shale gas reservoir, with more than 31 tcm of technically usable oil shale gas reserves.
Technavio's report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. Download our sample report to discover more aspects of the market growth with data-backed analysis.
Leading Companies like Accudyne Systems Inc., Aerzener Maschinenfabrik GmbH, Ariel Corp, Atlas Copco AB, BAUER COMPRESSORS INC, BOGE KOMPRESSOREN GmbH and Co. KG, Burckhardt Compression Holding AG, Ebara Corp., Elgi Equipments Ltd, General Electric Co., Hitachi Ltd., IDEX Corp., Ingersoll Rand Inc., J.P Sauer and Sohn Maschinenbau GmbH, KAESER KOMPRESSOREN SE, Kobe Steel Ltd., Mitsubishi Heavy Industries Ltd., Siemens Energy AG, and Sulzer Ltd. are some of the major market participants. Our report comes with a profiled analysis of the market players.
Gas Compressors Market: Key Highlights of the Report for 2023-2027