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In 2022, the global market for CNG compressors was estimated to be worth $3.9 billion. Over the forecast period (2023-2030), the global market for CNG compressors is expected to expand from an estimated $3.11B in 2023 to $5.8B in 2030, representing a CAGR (compound annual growth rate) of 6.00%. Demand is on the rise because to a number of factors, including the rising prevalence of variable-speed systems, relatively cheap maintenance costs, efficient operation, retrofitting for existing systems, and energy-efficient compressors.
increased demand for cleaner fuels, increased adoption of natural gas as a fuel substitute in many industries, and an increasing variety of applications utilising compressor technology across sectors and geographies are all contributing to the expansion of the worldwide CNG compressors market. A compressed natural gas (CNG) compressor is a device that reduces the volume of natural gas to facilitate its transmission. The fuel's volume can be increased by as much as 600 times. The compressed gas helps cut down on transportation expenses, pollution, and carbon dioxide emissions. Compressed natural gas (CNG) is a mixture of methane and other products that is compressed using a CNG compressor. These compressors are built to last in a variety of settings, from pipeline transportation and petrol stations to storage facilities.
Several major end-use industries are driving the need for CNG compressors, such as the increasing prevalence of variable-speed systems, low maintenance costs, efficient operation, and retrofitting for existing systems. As a result of their efficient functioning, the need for energy-efficiency compressors is growing. Concerns about air quality, however, have grown as the number of CNG compressor stations has increased. Air and CNG compressors are becoming increasingly common, thus many individuals have installed air monitoring systems to assess their impact. The requirement for CNG Compressor is increasing as a result of the following introduction of non-oil and gas-based projects and continual industrial advancements. To encourage the widespread use of their next-generation products, market leaders are working on low-maintenance, eco-friendly technology. Next-generation systems with high-performance capabilities have been created by companies like Ingersoll Rand Plc and Atlas Copco Inc. to set themselves apart in a crowded market. These CNG Compressors have many benefits, including higher efficiency and lower noise levels.
Modern compressors are in high demand because of their ability to save money and reduce or do away with other pieces of equipment in a variety of settings. Consumers are increasingly concerned with lifetime costs and comprehensive solutions, opening up new market opportunities for the energy-efficient CNG Compressor. Compressed air's increasing application in industrial power tools is also driving market growth. Compressors that run on natural gas are gaining in popularity for several reasons, not the least of which is the fuel's relative efficiency and inexpensive price compared to more traditional options. The push for renewable energy in several nations has led to a rise in natural gas use. Natural gas is now widely used in many contexts, from the automotive industry to factories to homes. More and more natural gas compressors are being constructed alongside natural gas pipe installations since the gas needs to be compressed again across a distance of 40 to 100 miles. Natural gas's growing popularity as an alternative fuel source is expected to fuel the natural gas compressors market during the next few years.
Multiple cylinders are used in a gas compressor of the rotational kind. By switching on and off multiple sets of revolving blades inside each cylinder at different times and in different directions, the desired compression ratio in the cylinders can be achieved. This type of compressor is commonly used in the chemical, food and beverage, pharmaceutical, and other related industries because of how well it handles natural gases.
Report Coverage
Global CNG Compressor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global CNG Compressor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and CNG Compressor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key CNG Compressor market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global CNG Compressor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, CNG Compressor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Ariel Corporation, Atlas Copco, PC Mc Kenzie C, J-W Energy Company, Bauer Compressors Inc., Wärtsilä, CIMC Enric, Kobelco Compressors America Inc., Elliott Company, Associated Compressor Engineers, C&B Pumps and Compressors LLC., Gas Compressor Consultants Inc, and GE Oil & Gas
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global CNG Compressor market based on the below-mentioned segments:
Global CNG Compressor Market, By Technology
Positive Displacement
Dynamic
Global CNG Compressor market, By Application
Industrial
Residential
Transportation
Global CNG Compressor market, Regional Analysis
increased demand for cleaner fuels, increased adoption of natural gas as a fuel substitute in many industries, and an increasing variety of applications utilising compressor technology across sectors and geographies are all contributing to the expansion of the worldwide CNG compressors market. A compressed natural gas (CNG) compressor is a device that reduces the volume of natural gas to facilitate its transmission. The fuel's volume can be increased by as much as 600 times. The compressed gas helps cut down on transportation expenses, pollution, and carbon dioxide emissions. Compressed natural gas (CNG) is a mixture of methane and other products that is compressed using a CNG compressor. These compressors are built to last in a variety of settings, from pipeline transportation and petrol stations to storage facilities.
Several major end-use industries are driving the need for CNG compressors, such as the increasing prevalence of variable-speed systems, low maintenance costs, efficient operation, and retrofitting for existing systems. As a result of their efficient functioning, the need for energy-efficiency compressors is growing. Concerns about air quality, however, have grown as the number of CNG compressor stations has increased. Air and CNG compressors are becoming increasingly common, thus many individuals have installed air monitoring systems to assess their impact. The requirement for CNG Compressor is increasing as a result of the following introduction of non-oil and gas-based projects and continual industrial advancements. To encourage the widespread use of their next-generation products, market leaders are working on low-maintenance, eco-friendly technology. Next-generation systems with high-performance capabilities have been created by companies like Ingersoll Rand Plc and Atlas Copco Inc. to set themselves apart in a crowded market. These CNG Compressors have many benefits, including higher efficiency and lower noise levels.
Modern compressors are in high demand because of their ability to save money and reduce or do away with other pieces of equipment in a variety of settings. Consumers are increasingly concerned with lifetime costs and comprehensive solutions, opening up new market opportunities for the energy-efficient CNG Compressor. Compressed air's increasing application in industrial power tools is also driving market growth. Compressors that run on natural gas are gaining in popularity for several reasons, not the least of which is the fuel's relative efficiency and inexpensive price compared to more traditional options. The push for renewable energy in several nations has led to a rise in natural gas use. Natural gas is now widely used in many contexts, from the automotive industry to factories to homes. More and more natural gas compressors are being constructed alongside natural gas pipe installations since the gas needs to be compressed again across a distance of 40 to 100 miles. Natural gas's growing popularity as an alternative fuel source is expected to fuel the natural gas compressors market during the next few years.
Multiple cylinders are used in a gas compressor of the rotational kind. By switching on and off multiple sets of revolving blades inside each cylinder at different times and in different directions, the desired compression ratio in the cylinders can be achieved. This type of compressor is commonly used in the chemical, food and beverage, pharmaceutical, and other related industries because of how well it handles natural gases.
Report Coverage
Global CNG Compressor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global CNG Compressor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and CNG Compressor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key CNG Compressor market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Ariel Corporation, Atlas Copco, PC Mc Kenzie C, J-W Energy Company, Bauer Compressors Inc., Wärtsilä, CIMC Enric, Kobelco Compressors America Inc., Elliott Company, Associated Compressor Engineers, C&B Pumps and Compressors LLC., Gas Compressor Consultants Inc, and GE Oil & Gas |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of CNG Compressor Market from 2021 to 2030.
- Market Forecast for CNG Compressor Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, CNG Compressor competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on CNG Compressor
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global CNG Compressor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, CNG Compressor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Ariel Corporation, Atlas Copco, PC Mc Kenzie C, J-W Energy Company, Bauer Compressors Inc., Wärtsilä, CIMC Enric, Kobelco Compressors America Inc., Elliott Company, Associated Compressor Engineers, C&B Pumps and Compressors LLC., Gas Compressor Consultants Inc, and GE Oil & Gas
Primary Target Market
- Market Players of CNG Compressor
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global CNG Compressor market based on the below-mentioned segments:
Global CNG Compressor Market, By Technology
Positive Displacement
Dynamic
Global CNG Compressor market, By Application
Industrial
Residential
Transportation
Global CNG Compressor market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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