Global Natural Gas Compressor market will reach 990 million US$ by the end of 2025

Global Natural Gas Compressor market will reach 990 million US$ by the end of 2025 Custom Research｜Research Report｜Management Consulting｜Seminar｜Database

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A natural gas compressor increases the pressure of a gas by reducing its volume. The natural gas enters the cylinder through the intake valves, where it is compressed and forced out through discharge valves.

The technical barriers of Natural Gas Compressor are relatively high, resulting in high level concentration degree.

The key companies in Natural Gas Compressor market are Ariel Corporation, Ingersoll Rand, Atlas Copco, Siemens and General Electric, etc. The enterprises are concentrated in USA, Europe and China. China is the largest production area, occupied about 39.43% production in 2017.

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According to applications, Natural Gas Compressor is used in CNG Filling Station, Petroleum Refineries Factory, Processing/Chemical Plants and Other. In 2017, Natural Gas Compressor for CNG Filling Station occupied more than 58.61% of total amount.

Company mergers and acquisitions, and inter-company’s cooperation have occurred for development and growth. with more new entrants, the competition will be more intense.

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The global Natural Gas Compressor market is valued at 820 million US$ in 2017 and will reach 990 million US$ by the end of 2025, growing at a CAGR of 2.3% during 2018-2025.

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