Air Compressor Market In Oil And Gas Industry size to grow by USD 2.28 billion during 2023-2027| Increasing demand for these air compressors in the oil and gas sector to drive the market growth- Technavio

NEW YORK, Sept. 20, 2023 /PRNewswire/ -- The Air Compressor Market in Oil and Gas Industry size is projected to increase by USD 2.28 billion, accelerating at a CAGR of 4.1% during the forecast period. Climate change and global warming have necessitated a strong emphasis on enhancing energy efficiency and reducing emissions within the oil and gas industry. The primary objective is to reduce carbon emissions, and a significant contributor to achieving this goal is the reduction of electricity consumption. It's worth noting that electricity usage constitutes 70% of the overall lifetime costs of compressors. To enhance energy efficiency, industrial users should opt for compressors equipped with dependable and efficient controls. The increasing demand for these air compressors in the oil and gas sector is expected to drive the growth of the global air compressor market in this industry during the forecast period. Technavio provide an extensive free sample report on Air Compressor Market in Oil and Gas Industry, request now

Air Compressor Market In Oil And Gas Industry: Key Highlights

• The report recognizes the following as some of the key players in the air compressor market in oil and gas industry: ANEST IWATA Corp., Atlas Copco AB, Bauer Comp Holding GmbH, BOGE KOMPRESSOREN GmbH and Co. KG, Chart Industries Inc., Doosan Portable Power Co., Elgi Equipments Ltd, Fusheng Precision Co. Ltd., Gardner Denver, General Electric Co., Hanbell Precise Machinery Co. Ltd., Ingersoll Rand Inc., KAESER KOMPRESSOREN SE, Kaishan Compressor USA, Kirloskar Pneumatic Co. Ltd., Porsche Automobil Holding SE, Quincy Compressor, Sullair LLC, Sulzer Management Ltd., and Siemens Energy AG
• Air Compressor Market in Oil and Gas Industry is fragmented in nature.
• Market to observe 3.65% YOY growth in 2023.

Air Compressor Market In Oil And Gas Industry: Market Dynamics

• Trends: The rising focus on economy and energy security
• Challenge: Environmental concerns related to oil and gas exploration and production activities

The report also covers information on the upcoming trends and challenges. Explore detail information by purchasing report

Air Compressor Market In Oil And Gas Industry: Key Segments

This report extensively covers market segmentation by product (positive displacement and centrifugal), type (stationary and portable), and geography (APAC, North America, Europe, South America, and the Middle East and Africa).

During the forecast period, a significant portion of market growth is expected to be driven by the positive displacement segment. Positive displacement (PD) compressors, including reciprocating piston compressors, rotary screw compressors, and rotary vane compressors, operate by capturing a specific volume of air within a chamber and subsequently reducing the chamber's size to compress the air.

Get a glance at the market contribution of the segments, Request Free Sample report here

Related Reports:

Integrally Geared Centrifugal Compressor Market: The Integrally Geared Centrifugal Compressor Market size is estimated to grow at a CAGR of 6.04% between 2022 and 2027 and the size of the market is forecast to increase by USD 539.85 million.

Compressors Market: The compressors market size is estimated to grow at a CAGR of 3.62% between 2022 and 2027 and the size of the market is forecast to increase by USD 14,834.55 million. 

Table of Content:

1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Historic Market Sizes
5. Five Forces Analysis
6. Market Segmentation by Product
7. Market Segmentation by Type
8. Market Segmentation by Geography
9. Customer Landscape
10. Geographic Landscape
11. Drivers, Challenges, & Trends
12. Company Landscape
13. Company Analysis
14. Appendix

About Technavio

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With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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