Home > Industrial Machinery > HVAC > Compressor > Positive Displacement Gas Compressor Market
Positive Displacement Gas Compressor Market Size
Positive Displacement Gas Compressor Market size exceeded USD 3 billion in 2020 and is estimated to expand at over 5% CAGR between 2021 and 2027. The industry shipments are set to cross 283,263 units by 2027. Favorable trends associated with oil & gas sector will augment the industry growth.
To reduce the dependency on fossil fuels and increased usage of other eco-friendly sources such as hydrogen within industrial production processes is supporting the positive displacement gas compressor demand.
Rising natural gas production across the globe will trigger the adoption of these compressors. Global natural gas production increased by nearly 25% from 2010 to 2019. Many countries are continuously trying to find new gas reserves to increase natural gas production capabilities. Moreover, these countries are making huge investments to boost natural gas production.
Positive displacement gas compressors are comparatively expensive than industrial air compressors due to the complexity of the structure. Additionally, maintenance and repair costs associated with gas compressors are significantly high. This may negatively influence the positive displacement gas compressor industry demand. Many manufacturers are continuously investing in research & development activities to improve the capabilities of these compressors while minimizing the production costs.
Report Attributes | Details |
---|---|
Base Year: | 2020 |
Market Size in 2020: | 3,376.2 Million (USD) |
Forecast Period: | 2021 to 2027 |
Forecast Period 2021 to 2027 CAGR: | 5% |
2027 Value Projection: | 4,724.9 Million (USD) |
Historical Data for: | 2017 to 2020 |
No. of Pages: | 250 |
Tables, Charts & Figures: | 307 |
Segments covered: | Type, Lubrication and Application |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
Positive Displacement Gas Compressor Market Analysis
Reciprocating positive displacement gas compressor market is poised to generate around 120 thousand units demand by 2027. Reciprocating compressors used in various applications including refineries, petrochemical plants and gas transmission pipelines, and many other industries. This type of compressors is ideal for high compression requirement without high flow rates, and most of the time process fluid is relatively dry. Moreover, use of reciprocating compressor for natural gas application has substantially increased over the past few years owing to large pressure output.
Oil free positive displacement gas compressors are forecast to register growth rate of above 3.5% through 2027. Many manufactures have developed the oil-free compressors for the LNG carriers, which offers the users lower operation costs, since they provide extended service life and less oil filtration equipment. Furthermore, these compressors are suitable for complex and dirty gas services, such as refinery flare gas recovery, offshore vapor recovery and petrochemical polymer processes.
In land application, LNG/LPG application is predicted to account for 20% of the positive displacement gas compressor market revenue share by 2027. As natural gas moves through a pipeline, different elevation, friction, and distance slow down the speed of the gas, and also reduce pressure. Compressor stations are placed tactically within the transportation pipeline network to help maintain the pressure and flow of gas. However, the LNG compressor also helps to maintain the pressure required in the LNG tank, the boil off gas enters the suction line of the compressor, is compressed and sent either to a pipeline for city gas usage, fed into a gas turbine as fuel in a power generation plant.
Middle East positive displacement gas compressor market share is slated to reach USD 1 billion by 2027. The region is witnessing increasing investments in the upstream sector of oil & gas from major companies. The Kingdom of Saudi Arabia (KSA) accounted for about 16% of the world’s proven oil reserves and is the largest exporter of liquid petroleum across the world. The country produced approximately 12 billion barrels of petroleum liquid in 2016, out of which crude oil captured more than 80% share.
Qatar has planned to boost its LNG capacity expansion from 7 million metric tons per annum to 110 million metric tons per annum. The project is expected to start in phases from 2025, which has been delayed due to the ongoing COVID-19 outbreak. Such trends are projected to revamp the Middle East & Africa oil & gas sector thereby fostering industry statistics.
Positive Displacement Gas Compressor Market Share
- Atlas Copco
- SIAD Macchine Impianti S.p.A.
- Siemens Energy AG
- Burckhardt Compression AG
- GEA Group AG
- Gardner Denver
- Baker Hughes Company
- CORKEN, Inc
are few key players in the positive displacement gas compressor market.
These manufacturers are diversifying product portfolio, investing in research & development activities, expanding sales & distribution network and acquiring small scale players to gain strong foothold in the market. In September 2019, SIAD Macchine Impianti S.p.A started the construction of the new USD 17.64 million research center in Osio Sopra
This market research report on positive displacement gas compressor includes in-depth coverage of the industry with estimates & forecast in terms of volume in Units and revenue in USD million from 2017 to 2027, for the following segments:
Click here to Buy Section of this Report
Market, By Type
- Reciprocating
- Screw
- Scroll
- Rotary lobe
- Rotary vane
Market, By Lubrication
- Oil free
- Oil filled
Market, By Application
- Land
- Hydrogen FCV station
- LPG/LNG
- LNG receiving
- Liquefaction
- Process gas handling
- Carbon dioxide
- Ammonia
- Petrochemicals
- Fertilizer
- Renewable energy
- Value added
- Petrochemicals
- Oil & gas
- Others
- Marine
- LPG/LNG
- Offshore
- LNG bunkering
- Fuel gas supply
- Re-liquefaction
- Carbon dioxide
- Ammonia
- Air lubrication system
- Others
- LPG/LNG
The above information is provided on a regional and country basis for the following:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- South Korea
- LATAM
- Brazil
- Mexico
- MEA
- South Africa
- Saudi Arabia
- United Arab Emirates
- Kuwait
Frequently Asked Questions (FAQ) :