CNG Compressors Market, By Type (Reciprocating Compressors, Rotary Screw Compressors, Rotary Centrifugal Compressors, and Others), By Lubrication Method (Lubricated and Oil-free), By End User (Natural Gas Refueling Stations, Automotive Industry, and Industrial Sector), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
CNG compressors are used to pressurize natural gas to make it suitable for storage and use in vehicles or for distribution through pipelines for various applications, including industrial, residential, and commercial.
The market for CNG compressors is experiencing significant growth due to the increasing demand for compressed natural gas (CNG) as a cleaner and more sustainable alternative to traditional fuels.
CNG is gaining popularity as a fuel for various applications, including transportation, power generation, and industrial processes, due to its lower emissions and cost-effectiveness. This has led to an increase in the demand for CNG compressors, as they are necessary for compressing natural gas into a form that can be easily transported and stored.
Market Dynamics:
The market for CNG compressors is driven by several factors, including the increasing adoption of CNG as a fuel, stringent government regulations to reduce emissions, and the growing demand for sustainable energy solutions. Rising awareness about the environmental benefits of CNG and the need to reduce dependence on fossil fuels are also contributing to the market growth.
However, there are certain challenges that the market faces, such as the high initial cost of CNG compressors, limited infrastructure for CNG refueling stations, and the availability of alternative fuels. These factors can hinder the widespread adoption of CNG compressors, especially in regions with underdeveloped CNG infrastructure.
Despite these challenges, the market presents significant opportunities for growth. Increasing investments in the development of CNG infrastructure, advancements in compressor technologies, and the rising demand for CNG in emerging economies are expected to drive the market in the near future.
Key Features of the Study:
This report provides in-depth analysis of the CNG compressors market, including market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), with 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the CNG compressors market based on parameters such as company highlights, product portfolio, key highlights, financial performance, and strategies
Key companies covered in this study include Atlas Copco, Ariel Corporation, Siemens Energy, Galileo Technologies, Bauer Compressors, Ingersoll Rand, ANGI Energy Systems, Bauer Group, Clean Energy Compression, CIMC Enric Group , J W Energy Company, Elliott Company, C&B Pumps and Compressor LLC, GE Oil & Gas, and Associated Compressor Engineers
Insights from this report would allow marketers and management authorities to make informed decisions regarding future product launches, technology upgrades, market expansion, and marketing tactics
The CNG compressors market report caters to various stakeholders in the industry, including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the CNG compressors market
CNG Compressors Market Detailed Segmentation:
By Type:
Reciprocating Compressors
Rotary Screw Compressors
Rotary Centrifugal Compressors
Others
By Lubrication Method:
Lubricated
Oil-Free
By End User:
Natural Gas Refueling Stations
Automotive Industry
Industrial Sector
By Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Top Companies in CNG Compressors Market:
Atlas Copco
Ariel Corporation
Siemens Energy
Galileo Technologies
Bauer Compressors
Ingersoll Rand
ANGI Energy Systems
Clean Energy Compression
CIMC Enric Holdings Limited
J W Energy Company
Elliott Company
C&B Pumps and Compressor LLC
GE Oil & Gas.
Associated Compressor Engineers
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
CNG Compressors Market, By Type
CNG Compressors Market, By Lubrication Method
CNG Compressors Market, By End User
CNG Compressors Market, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Increasing demand for natural gas as a clean fuel
Stringent emission norms
Preference over gasoline and diesel
Supportive government initiatives
Restraints
High compression cost
Lack of standardization
Emergence of battery powered electric vehicles
Opportunities
Shale gas boom across North America
Development of small scale LNG infrastructure
Leveraging biogas potential through upgrading
Integration of IoT and Industry 4.0
Key Highlights
Regulatory Scenario
Recent Trends
Product Launches/Approvals
PEST Analysis
PORTER’s Analysis
Mergers, Acquisitions, and Collaborations
4. CNG Compressors Market – Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. CNG Compressors Market, By Type, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
Reciprocating Compressors
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Rotary Screw Compressors
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Rotary Centrifugal Compressors
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
6. CNG Compressors Market, By Lubrication Method, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023and 2030 (%)
Y-o-Y Growth Analysis, 2018– 2030
Segment Trends
Lubricated
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Oil-free
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
7. CNG Compressors Market, By End User, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, 2023and 2030 (%)
Y-o-Y Growth Analysis, 2018– 2030
Segment Trends
Natural Gas Refueling Stations
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Automotive Industry
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Industrial Sector
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
8. CNG Compressors Market, By Region, 2018-2030, (US$ Bn)
Introduction
Market Share Analysis, By Sub-region, 2023and 2030 (%)
Y-o-Y Growth Analysis, For Sub-region, 2018–2030
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Lubrication Method, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
U.S.
Canada
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Lubrication Method, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
Germany
U.K.
France
Spain
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Lubrication Method, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
China
India
Japan
South Korea
ASEAN
Australia
Rest of Asia Pacific
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Lubrication Method, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Lubrication Method, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country/Sub-region, 2018-2030,(US$ Bn)
GCC Countries
Israel
South Africa
Central Africa
North Africa
Rest of Middle East
9. Competitive Landscape
Company Profile
Atlas Copco
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Ariel Corporation
Siemens Energy
Galileo Technologies
Bauer Compressors
Ingersoll Rand
ANGI Energy Systems
Clean Energy Compression
CIMC Enric Holdings Limited
J W Energy Company
Elliott Company
C&B Pumps and Compressor LLC
GE Oil & Gas
Associated Compressor Engineers
Analyst Views
10. Section
References
Research Methodology
About us
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