European Process Gas Compressors Market to 2026, Future Outlook, COVID-19 Impact Analysis, Forecast 2020-2026

European process gas compressor market is projected to grow at a significant CAGR of around 3.5% during the forecast period (2020-2026). The market for process gas compressor is continuously rising in the European region, owing to the huge presence of end-use industry of process gas compressors, such as petrochemical and chemical industry. The chemical industry is considered as one of the valuable parts of the chemical industry. There are a large number of petrochemical and chemical manufacturers in the region that have a presence in the global chemical industry. The region exports chemical products to the developed economies of the globe, such as the US.

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A full report of European Process Gas Compressors Market is available at: https://www.omrglobal.com/industry-reports/europe-process-gas-compressors-market

According to the European Chemical Industry Council (CEFIC), around 27.2% of the chemical sales in Europe are majorly generated from the petrochemicals, followed by 25.4% sales from the petrochemicals. In 2018, petrochemicals were the largest exporting sector in the chemical industry, contributing to around 25.0% of the EU chemical exports. Moreover, the rise in the chemical demand across the end-use industries, with rise in the consumption of oil & gas is further expected to augment the demand for process gas compressor in the manufacturing sites, in order to ensure safety at the manufacturing plants.

Market Coverage

  • Study Period- 2019-2026
  • Base year- 2019
  • Forecast period- 2020-2026
  • Segments Covered- By Type and By End-Use Industry
  • Countries Covered- UK, Germany, France, Spain, Italy, and Rest of Europe
  • Key Companies Profiled- Burckhardt Compression AG, General Electric Co., Siemens AG, Atlas Copco Group, and Ingersoll-Rand PLC.

Key questions addressed by the report

  • What is the market growth rate during the forecast period?
  • Which segment/region dominates the market in base year?
  • Which segment/region will project fastest growth in the market during the forecast period?
  • How COVID-19 will impact the market growth in 2020 and coming years?
  • Recovery Timeline
  • Deviation from pre-COVID
  • Most affected region/segment
  • Recommendations
  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

European 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)

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