The Asia-Pacific process gas compressor market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising natural gas production coupled with the rise in the industrialization in the emerging economies of the region, especially in India and China. The process gas compressors market is classified on the basis of type and end-use industry. Based on type, the market is segmented into centrifugal gas compressors, reciprocating gas compressors, screw gas compressors, and others. Based on end-use industry, the market is segregated into oil & gas, refinery services, petrochemical and chemical industry, polyolefin plants, and others. Among these end-use industries, the process gas compressor finds its significant application in oil & gas industry. The dominance of the oil & gas industry in process gas compressor market is backed by the growing consumption of natural gas across the globe.
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Geographically, Asia-Pacific process gas compressor market is analyzed for China, Japan, India, and rest of Asia-Pacific. China contributed the major share in Asia-Pacific process gas compressor market in 2019 and is expected to retain at its position during the forecast period. The dominance of China in Asia-Pacific market is mainly due to the rise in industrial sector in the country. India is projected to exhibit a considerable CAGR in Asia-Pacific process gas compressor market during the forecast period, owing to the rising manufacturing industry, backed by the cohesive government policies for the uprise of industrial sector in India.
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Asia-Pacific Process Gas Compressor Market Segmentation
By Type
- Centrifugal Gas Compressors
- Reciprocating Gas Compressors
- Screw Gas Compressors
- Others (Standard Screw Air Compressor)
By End-Use Industry
- Oil & Gas
- Refinery Services
- Petrochemical and Chemical Industry
- Polyolefin Plants
- Others (Hydrotreatment)
Regional Analysis
- China
- India
- Japan
Rest of Asia-Pacific
Company Profiles
- Atlas Copco Group
- Ecolab Inc.
- General Electric Co.
- IHI Rotating Machinery Engineering Co., Ltd.
- Ingersoll-Rand PLC
- Jereh Oil & Gas Engineering Corp.
- Kirloskar Brothers Ltd.
- KOBE STEEL, LTD.
- MAN Energy Solutions SE
- Siemens AG
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