India 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 India, owing to the rising expansion of global leaders of end-use industries of process gas compressors., such as chemical and petrochemical industry. The government of the country is further supporting manufacturing industry of the country through initiatives/programs, such as ‘Make in India’. Under this initiative, the government is encouraging the manufacturing companies to establish their plants in India and incentivize investments into manufacturing sector, boosting process gas compressor demand in the country.
Browse the full report description India 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/india-process-gas-compressors-market
Moreover, India is considered as a potential manufacturing powerhouse for the coming decade. The industry is one of the highest growing sectors in India, offering the demand for manufacturing and its safety related equipment, such as process gas compressors. Though initiatives such as ‘Make in India’, the country is expected to mark its presence in the manufacturing hub and contribute to the recognition of the country in the global manufacturing industry. Among all the manufacturing sectors, the industrial manufacturing is projecting a fastest growth rate in the manufacturing industry in the country, leading to the growth of the process gas compressors market in India.
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 |
|
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 segment
o Recommendations
India Process Gas Compressor Market – Segmentation
By Type
By End-Use Industry
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