Overview and Scope
The liquefied natural gas compressor refers to the compressor that is used in the liquefaction of natural gas. Gas pressure is mechanically increased by natural gas compressors in stages (or steps) until it reaches the required delivery threshold. A compressor’s number of stages will depend on the initial pressure and the intended finishing pressure.
Sizing and Forecast
The liquefied natural gas compressor market size has grown strongly in recent years. It will grow from $4.04 billion in 2023 to $4.28 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to global lng demand growth, operational efficiency demands, regulatory and environmental compliance, global market penetration..
The liquefied natural gas compressor market size is expected to see strong growth in the next few years. It will grow to $5.26 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to investments in lng infrastructure, operational efficiency and cost reduction, market expansion in emerging economies, transition to cleaner energy sources, rising lng demand and trade.. Major trends in the forecast period include growing lng demand and production, expansion of lng infrastructure, energy transition and cleaner fuels adoption, global market expansion, focus on operational efficiency..
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/liquefied-natural-gas-compressor-global-market-report
Segmentation & Regional Insights
The liquefied natural gas compressor market covered in this report is segmented –
1) By Design: Vertically-Split Barrel, Horizontally-Split Barrel, Axial Compressors
2) By Application: Low Pressure Application, Medium Pressure Application
3) By End User: Vehicles, Electrical, Industrial, Residential, Other End Users
North America was the largest region in the liquefied natural gas compressor market in 2023. The regions covered in the liquefied natural gas compressor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10480&type=smp
Major Driver Impacting Market Growth
The increased production of natural gas from shale reserves is expected to propel the growth of the liquefied natural gas compressor market going forward. Shale reserves are a kind of sedimentary rock deposit that may be utilized to generate oil and gas. The heightened production of natural gas expands the liquefied natural gas compressor market as they are used in the liquefaction of natural gas, which is essential for transportation. For instance, in October 2022, according to the Energy Information Administration, a US-based primary federal statistical system organization in charge of gathering, evaluating, and distributing data on energy, 79% of the natural gas produced in the United States came from shale deposits. The increase in dry natural gas output was complemented by an approximately 4% increase in Natural Gas Pipeline Company of America production in 2021, which has increased every year for the last 15 years. Therefore, increased production of natural gas from shale reserves is driving the liquefied natural gas compressor market.
Key Industry Players
Major companies operating in the liquefied natural gas compressor market report are EagleBurgmann, General Electric Company, Siemens AG, Mitsubishi Heavy Industries Ltd., Elliott Group, Kobelco Compressors America Inc., IMW Industries Ltd., Sundyne, IHI Rotating Machinery Engineering Co Ltd., NEUMAN & ESSER GROUP, Atlas Copco AB, Burckhardt Compression AG, MOLGAS ENERGY SAU, Howden Group, Sulzer Ltd., Ariel Corporation, Bauer Compressor Inc., Ingersoll Rand Inc., HYDRAULIC MACHINES & SYSTEMS GROUP PLC. , Clean Energy Fuels Corp, Kobe Steel Ltd., Ebara Corporation, Hitachi Ltd., Gardner Denver Holdings Inc., Sullair LLC, Quincy Compressor LLC, Kaeser Kompressoren SE, Corken Inc., Baker Hughes Company, MAN Energy Solutions SE, Mitsui Seiki Kogyo Co Ltd., Rolls-Royce Holdings plc, Worthington Industries Inc.
The liquefied natural gas compressor market report table of contents includes:
1. Executive Summary
2. Liquefied Natural Gas Compressor Market Characteristics
3. Liquefied Natural Gas Compressor Market Trends And Strategies
4. Liquefied Natural Gas Compressor Market – Macro Economic Scenario
5. Global Liquefied Natural Gas Compressor Market Size and Growth
.
.
.
31. Global Liquefied Natural Gas Compressor Market Competitive Benchmarking
32. Global Liquefied Natural Gas Compressor Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Liquefied Natural Gas Compressor Market
34. Liquefied Natural Gas Compressor Market Future Outlook and Potential Analysis
35. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
