Gas Compressors Market

1. Gas Compressors Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast The global gas compressors market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of the market is attributed to product innovations, such as the development of energy-efficient portable compressors for automation in industrial plants. Moreover, transportation of renewable energy resources, such as natural gas over long distances is driving the market growth. A gas compressor refers to a mechanical device that increases the static pressure of a gas by reducing its volume. Some of the commonly used gas compressors, include positive displacement and dynamic gas compressors. Positive displacement compressors include reciprocating and rotary variants that compress the gas by confining it in a closed space and increasing the pressure. On the other hand, the dynamic compressor consists of an axial and centrifugal compressor that compresses the gas through the mechanical action of rotating vanes or impellers. These compressors are commonly used for gases, such as ethylene, fluorine, argon, hydrogen, nitrogen, and xenon. As a result, they find extensive applications across various industries, including general manufacturing, construction, oil & gas, mining, chemicals, petrochemicals, and power generation. Market Trends, Drivers, Restraints, and Opportunities  Significant growth in the oil and gas industry across the globe represents one of the major drivers that is contributing to the growth of the global gas compressors market. Widespread adoption of gas compressors for the processing is expected to augment the gas compressors market growth. High capital cost involved in the gas compressor can restraint the growth of the market.  

2.  The COVID-19 outbreak led to the shutdown of manufacturing facilities and mining activities across the globe. This, in turn, hampered the market growth. The volatile crude oil prices can hinder the market growth. Increasing usage of compressed gas in various industry applications is anticipated to create lucrative opportunities for the market players in the projected timeline.   Sample - https://growthmarketreports.com/request-sample/1166 Market Segment Insights Dynamic Displacement segment to grow at a rapid pace Based on types, the market is divided into positive displacement and dynamic displacement. The dynamic displacement segment is anticipated to account for a key market share and is anticipated to grow at a steady rate during the forecast period. Unlike positive displacement compressors, dynamic compressors work at a constant pressure and are categorized based on their axial or radial design. The performance of dynamic compressors is affected by external conditions such as changes in inlet temperatures. During dynamic compression, air is drawn between the blades on a rapidly rotating compression impeller, as it accelerates to a high velocity. Midstream segment to account a major market share Based on applications, the market is divided into upstream, midstream and downstream. The midstream segment is anticipated to account for a major market share due to increasing use of compressor to liquify and transport natural gas from one location, to another. Conversely, the upstream segment is expected to grow at a healthy rate during the forecast period. Asia Pacific toaccount a considerable market share On the basis of regions, the market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia pacific is anticipated to account for a considerable market share during the forecast period. Increasing gas demand in countries such as India, China, and Australia is expected to fuel the growth of the market in the region. Rising electricity demand in emerging economies is expected to foster the market growth in Asia Pacific. Inquiry- https://growthmarketreports.com/enquiry-before-buying/1166 Competitive Landscape The major players of the market are Atlas Copco, Ariel Corporation, BAUER Compressors, Clean Energy Compression, Ingersoll Rand. Companies are focusing on organic growth strategies such as product launches, product approvals, and patents. Moreover, they’re engaging in joint ventures and acquisitions to expand their market share. About Growth Market Reports: GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide

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