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.
Browse the full report description European Process Gas Compressors Market Size, Share & Trends Analysis Report by Type (Centrifugal Gas Compressors, Reciprocating Gas Compressors, Screw Gas Compressors, and Others) and by End-Use Industry (Oil & Gas, Refinery Services, Petrochemical and Chemical Industry, Polyolefin Plants, and Others) and Forecast 2020-2026 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 is 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
|
Report Elements |
Details |
|
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
o Recovery Timeline
o Deviation from pre-COVID
o Most affected region/segment
o Recommendations
European Process Gas Compressor Market – Segmentation
By Type
By End-Use Industry
European Process Gas Compressor Market – Segmentation by Geography
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