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North American Compressors in Oil and Gas Applications

  • January 2013
  • -
  • Frost & Sullivan
  • -
  • 97 pages

Summary

Table of Contents

This research service identifies the major industry challenges; market drivers and restraints; and key trends in technology, pricing, and distribution for the North American compressors market in oil and gas applications. Moreover, this research provides comprehensive forecasts for the total North American compressors market, across the two products segments: gas compressors and air compressors, as well as the three major end-user segments: upstream, midstream, and downstream. Also included are a competitive analysis and mega trends that relate to the market. The regions covered in this study include the United States and Canada, the base year is 2011, and the forecasts run through 2018.

Executive Summary
Key Takeaways:
•The shale gas boom has significantly increased investments in pipelines. Transportation through pipelines drives the demand for compressors.
•Small- and medium-scale LNG plants are on the rise. As pipelines cannot be built from various shale gas sites, gases are liquefied near the site using compressors.
•The North American compressor market is in a mature stage because more focus is placed on Middle Eastern and Asian countries.
Forecasts:
•The market is expected to reach a CAGR of xxpercent.
•In 2009, the drop in growth was xx percent, and due to the pent-up demand, this quickly recovered to nominal rates by 2011.
•Post-recession, unit shipments could return back to post recession state by 2014
End–user Segment:
•Natural gas is becoming the fuel of choice because of low price and low emissions; thus, numerous projects are focused upon exploration and recovery of the same. Upstream segment is growing at a CAGR of xx percent.
•There are no proposed projects in North America because the shift it toward high-growth regions like the Middle East and Asia. In spite of this, the downstream segment remains the largest of the three segments.
Product Segment:
•At present the growth rate of gas compressors in the oil and gas industry is xx percent; this will gradually increase with increased investments in the oil and gas industry in North America.
•The North American air compressor market is at a mature stage; this market witnessed a huge drop due to postponement and cancellation of projects in 2009 because of the recession.

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