Positive Displacement Gas Compressor Market worth over $4.5 BN by 2027

Positive Displacement Gas Compressor Market size is slated to exceed USD 4.5 billion by 2027, according to a new research study published by Global Market Insights Inc.
 

Rising demand for natural gas and hydrogen across the globe is expected to boost the positive displacement gas compressor industry growth. The largest end-users of positive displacement oil & gas and chemical sectors. These compressors are also used for some refueling applications, for syngas, pilot plants, and laboratory R&D. Increasing production of chemicals and petrochemicals will trigger the market growth.
 

Increasing number of hydrogens refueling stations

The increasing prominence of green transportation and reduction in greenhouse emissions levels are positively influencing the fuel cell electric vehicle and hydrogen refueling stations market share. Growing preferences for the development of fuel cell electric vehicles, hydrogen refueling infrastructure, and renewable hydrogen production will further escalate the positive displacement gas compressor market revenue. Government organizations are establishing research programs and funded projects, majorly focusing on the development of innovative solutions for fuel cells. China, Germany, Japan, and South Korea are spearheading the growth of hydrogen refueling infrastructure.
 

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Browse key industry insights spread across 250 pages with 286 market data tables & 21 figures & charts from the report, “Positive Displacement Gas Compressor Market Size By Type (Reciprocating, Screw, Scroll, Rotary Lobe, Rotary Vane), By Lubrication (Oil-free, Oil Filled), By Application (Land [Hydrogen FCV Station, LPG/LNG {LNG Receiving, Liquefaction, Process Gas Handling}, Carbon Dioxide, Ammonia {Petrochemicals, Fertilizer, Renewable Energy}, Value Added {Petrochemical, Oil & Gas}], Marine [LPG/LNG {Offshore, LNG Bunkering, Fuel Gas Supply, Re-liquefaction}, Carbon Dioxide, Ammonia, Air Lubrication System]), COVID-19 Impact Analysis, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/positive-displacement-gas-compressor-market
 

The screw type positive displacement gas compressor market value is projected to grow at over 5.4% CAGR through 2027 as it is widely used across the industry owing to various properties resulting in reducing maintenance cost. Manufactures are equipping the oil-injected screw compressors with a unique, built-in slide valve, which automatically decreases and increases suction volume as discharge gas pressures vary, which will further boost the product demand.
 

North America positive displacement gas compressor industry crossed USD 740 million in 2020 driven by large oil and gas production. Moreover, major oil companies are planning to expand their facilities in the U.S., which will further provide market growth opportunities. The stringent regulations are likely to provide a strong business outlook for hydrogen fuel cell station and positive displacement gas compressor manufactures.
 

Some of the major positive displacement gas compressor industry players are Atlas Copco., SIAD Macchine Impianti S.p.A., Siemens Energy AG, Burckhardt Compression AG, GEA Group AG, Quincy Compressor LLC, Gardner Denver, Baker Hughes Company, Lenhardt & Wagner GmbH and Howden Group Limited.