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Positive Displacement Gas Compressor Market Size

Report ID: GMI5101
Published Date: Aug 2021
Report Format: PDF

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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.

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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.

Positive Displacement Gas Compressor Market Report Attributes
Report Attribute	Details
Base Year:	2020
Positive Displacement Gas Compressor 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:	Favourable trends associated with decarbonization Increasing oil & gas production activities across the globe Increasing number of hydrogen refuelling stations
Pitfalls & Challenges:	High maintenance costs associated with gas compressors

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Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

The market for positive displacement gas compressor was valued at around USD 3 billion during 2020 and is expected record nearly 5% CAGR through 2027, says this GMI report.

With increasing demand among LNG carriers and other applications, oil-free positive displacement gas compressor industry share could register around 3.5% CAGR over 2021-2027.

Global reciprocating positive displacement gas compressor market size is anticipated to be over 120 thousand units by 2027 with robust applications in gas pipelines, refineries and petrochemical units.

Middle East positive displacement gas compressor industry size could reach USD 1 billion by 2027 owing to surging investments in upstream activities across a strong oil and gas sector.