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

Analysis of the North American Process Gas Compressor Market : Growing Demand for Natural Gas and Shale Development Drive the Market

  • January 2015
  • 82 pages
  • Frost & Sullivan
Report ID: 2657748

Summary

Table of Contents

Key Findings

•The North American process gas (PG) compressor market generated a revenue of $ x billion in 2014 and is expected to witness a CAGR of x % between 2014 and 2021.
•The production of shale gas in North America has led to a renewal of opportunities in a number of related industries such as chemical, which is a major end user of PG compressors. The rising demand for natural gas is driving investment in upstream and midstream facilities. PG compressors have a wide range of applications across these facilities, for example, compressor stations are required for pipeline transport.
•The conversion of coal-fired power plants to gas-fired ones also increases the need for PG compressors.
•Although the compressor technology is mature, the need for better energy efficiency and compliance with environmental regulations drives end users to upgrade their compression systems.
•The North American process gas compressor market is expected to reach $ x billion in 2021.

CEO’s Perspective

The PG compressor market is highly consolidated and acquisition is a key opportunity for growth.
The increasing number of gas-fired power plants to generate electricity is likely to provide growth opportunities for PG compressors market.
As natural gas gains importance across the globe, the need for PG compressors in midstream oil and gas facilities will rise.
A complete compression solution and high-quality service are the key for vendors to remain competitive.
Technology improvements to ensure higher energy efficiency and minimize emissions will promote sales of new compressors.

Market Definitions

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 gas thereby making it more suitable to be transported through a pipe or other vessel. PG compressors are particularly suited for difficult conditions. This study covers both lubricated and oil-free compressors.
•Reciprocating gas compressors are positive displacement compressors. Piston compressors are a type of reciprocating gas compressor that are driven by a crank-shaft and reduce the volume of gas by the motion of pistons in a confined space. A diaphragm compressor is another variant of reciprocating gas compressor and uses a flexible membrane instead of a piston to compress the gas.
•Rotary gas compressors are positive displacement compressors that work through two interwoven helical screws, which when turned, force the gas into smaller volumes, compressing it.
•A centrifugal (turbo) gas compressor is a dynamic machine which uses an impeller in an enclosed 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 comprises manufacturers that produce basic chemicals, such as acids and salts, which are used for making pigments and colors, chemical end products, and other products such as soap, 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 a generation facility to distribution systems, or operate distribution systems that transmit electricity to the final consumer.
•Oil and Gas 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 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 where a series of chemical engineering unit processes and operations are carried out to refine certain materials or convert raw materials into products of value. An oil refinery converts crude oil into high-octane motor fuel (gasoline/petrol), diesel oil, liquefied petroleum gases (LPG), aviation fuel, kerosene, heating oils, asphalt, and petroleum coke.
•Other Processing Industries: Other processing industries include the steel industry, the glass industry, which includes manufacturers of products 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. They also include the food and beverage industry, which consists of companies involved in processing raw food materials, packaging, and distribution, and can be defined as producing any product meant for human consumption other than pharmaceuticals.

Key Questions This Study Will Answer

Is the PG compressor market growing, how long will it continue to grow, and at what rate?
Which are the main competitors in the North American 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 currently offered meeting customer needs or is additional development needed?
What are the dynamics of this mature market and how will it pan out in 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.