Positive Displacement Gas Compressor Market Analysis

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.