India 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 India. Moreover, the rising manufacturing industry, backed by the cohesive government policies for the uprise of industrial sector in India, is another factor driving the market growth in the country. Since the launch of ‘Make in India’ initiative in 2015, the country has witnessed the rise in industrialization, leading to the growth of the end-use industries of the process gas compressors. Moreover, the introduction of funding and schemes for small and middle enterprises (SMEs) by the Government of India, the small manufacturing firms have increased, leading to the rise in the demand for process gas compressor to ensure safety at the manufacturing plants.
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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India Process Gas Compressors 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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Company Profiles
- Atlas Copco Group
- Ecolab Inc.
- General Electric Co.
- Ingersoll-Rand PLC
- Kirloskar Brothers Ltd.
- KOBE STEEL, LTD.
- MAN Energy Solutions SE
- Siemens AG
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