1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Oil and Gas Market Trends

Analysis of the Global Process Gas Compressor Market : Increasing Global Investments in Upstream and Midstream Oil and Gas to Boost the Market

  • January 2015
  • 128 pages
  • Frost & Sullivan
Report ID: 2649481

Summary

Table of Contents

Key Findings

•The global process gas compressor market generated a revenue of $ x billion in 2014 and is expected to grow at a compound annual growth rate (CAGR) of x % between 2014 to 2021.
•The process gas (PG) compressor market is primarily driven by the oil and gas segment which is the largest contributor to market revenue. This study provides detailed analysis on upstream, midstream, and downstream contributions to the process gas market.
•The production of shale gas in North America has renewed market opportunities in this region and an increase in demand for natural gas boosts revenue from the midstream segment of oil and gas.
•Similarly, the exploration and production of shale in other regions such as Asia-Pacific will drive the market as well.
•Another industry that will boost the market is power generation. In North America, the conversion from coal-fired to gas-fired plants has lead to increasing compressor demand while the growing population and urbanization in Asia-Pacific necessitates larger amounts of power generation.
•Although compressor technology is mature, the need for better energy efficiency and compliance with environmental regulations compels end users to upgrade their compression systems.

CEO’s Perspective

As natural gas gains importance globally, the PG compressor market will see growing demand from midstream oil and gas infrastructure.
The increasing number of gas-fired power plants is likely to provide growth opportunities for PG compressors.
The PG compressor market is highly consolidated and acquisition is a key opportunity for growth.
Technology improvements in terms of energy efficiency and minimized emissions will promote the sales of new compressors.
A full-fledged compression solution and high-quality service are key to a successful compressor vendor.

Product Definition

A compressor is defined in this study as a device or equipment that supplies air or other gas at an increased pressure. This is achieved by reducing the volume of a gas, therefore making it easier to transport through a pipe or other vessel. PG compressors are particularly suitable where difficult conditions occur and other compressor systems are less reliable. This study covers both lubricated and oil-free compressors.
•Reciprocating gas compressors are positive displacement compressors. Driven by a crank-shaft, piston compressors reduce the volume of a gas by the motion of pistons in a confined space where the gas is compressed. A diaphragm compressor is a variant of this that uses a flexible membrane instead of a piston to compress the gas.
•Rotary gas compressors are positive displacement compressors. Screw compressors work through two interwoven helical screws, which when turned, force the gas into smaller and smaller volumes, compressing it.
•A centrifugal (turbo) gas compressor is a dynamic machine which uses an impeller in a shaped casing to force the gas to the exit of the impeller, thereby increasing the velocity of the gas. A diffuser then converts this velocity energy into pressure energy.

End-user Definitions

Petrochemical and Chemical Industry: This industry is comprised of manufacturers that produce basic chemicals, such as acids and salts, that are used for making pigments and colors; chemical end products; and other products such as soaps, cosmetics, and specialty end products. They are also used in the transformation of raw materials through chemical processes.

Power Generation: The power generation industry includes all forms of power generating plants: fossil fuel, wind, hydro, nuclear, and geo-thermal power plants. Establishments in this industry group are likely to perform one or more of the following tasks: operate generation facilities that produce electric energy, operate transmission systems that convey electricity from generation facility to distribution systems, or operate distribution systems that convey electricity to the final consumer.

Oil and Gas (O&G) Exploration and Recovery: This industry includes companies involved in the exploration and production of oil and gas, including all processes conducted at or before the wellhead. This can include the prospecting, drilling, and recovery of conventional and unconventional oil and gas reserves.

Gas Distribution and Transportation: The efficient and effective movement of natural gas from producing regions to consumption regions requires extensive and elaborate transportation systems. Distribution is the final step in delivering natural gas to customers.

Refinery: A refinery is a production facility composed of a group of chemical engineering unit processes and unit operations refining certain materials or converting raw materials into products of value. An oil refinery converts crude oil into high-octane motor fuel (gasoline/petrol), diesel oil, liquefied petroleum gases, aviation fuel, kerosene, heating oils, asphalt, and petroleum coke.

Other Processing Industries: Other processing industries include the steel industry; the glass industry, which includes the manufacturers of items such as flat glass, glass hollow wares and containers, vacuum flasks, and laboratory glassware; the automotive industry; and the electronics industry, which designs and produces devices such as radios, televisions, stereos, computers, semiconductors, transistors, and integrated circuits. It also includes the food and beverage industry, which is comprised of companies involved in processing raw food materials, packaging, and distribution, and can be defined as producing any product meant for human consumption, aside from pharmaceuticals.

Key Questions This Study Will Answer

Is the PG compressor market growing, how long will it continue to grow, and at what rate?
Who are the main competitors in the global PG compressor market?
What are the qualitative and quantitative trends affecting the PG compressor market?
How will the structure of the market change with time? Is the market ripe for acquisitions?
Are the products/services offered today meeting customer needs or is additional development needed?
What are the dynamics of this mature market and how will it evolve over the coming years?

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Global Rotating Equipment Market for Oil and Gas Industry 2017-2021

  • $ 3500
  • Industry report
  • June 2017
  • by Infiniti Research Limited

About Rotating Equipment Market for Oil and Gas Rotating equipment are devices that store energy by compressing a fluid and then convert the energy into usable power by fluid expansion. In the oil and ...

Global Gas Compressors Market 2017-2021

  • $ 3500
  • Industry report
  • April 2017
  • by Infiniti Research Limited

About Gas Compressors A gas compressor helps in reducing the volume of gas to increase its pressure. The phenomenon follows Boyle's law. An air compressor is a distinct type of gas compressor. Technavio’s ...

Refined Petroleum Product Markets in the World to 2021 - Market Size, Development, and Forecasts

  • $ 19804
  • Industry report
  • July 2017
  • by Global Research & Data Services

The report package Refined Petroleum Product Markets in the World to 2021 - Market Size, Development, and Forecasts offers the most up-to-date industry data on the actual market situation, and future outlook ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.