North American 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 growing at a considerable rate in North American region, especially in the US, backed by the huge presence of end-use industries of process gas compressor, such as oil & gas and chemicals in the region. Along with this, the continuous revolution of shale gas in the US, with highest production amount recorded every year, is expected to boost the demand for process gas compressor market in the country during the forecast period.
Browse the full report description North American 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/north-american-process-gas-compressors-market
According to the US Energy Information Administration (US EIA), in 2019, the natural gas production in the US hit the highest annual amount, around 34 trillion cubic feet (Tcf). The steep increase in the natural gas production was estimated from 2005, owing to the rise in the activity of hydraulic fracturing and horizontal drilling techniques, notably in sandstone, shale, carbonate, and others. Texas and Pennsylvania are the two US states that contributes over 40.0% in the total natural gas production in the country. With this rising revolution of shale gas, the demand for its related equipment at the site, including process gas compressor, are also expected to increase in the country during the forecast period.
Market Coverage
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Report Elements |
Details |
|
Study Period |
2019-2026 |
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Base year |
2019 |
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Forecast period |
2020-2026 |
|
Segments Covered |
By Type and By End-Use Industry |
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Countries Covered |
US and Canada |
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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
North American Process Gas Compressor Market – Segmentation
By Type
By End-Use Industry
North American Process Gas Compressor Market – Segmentation by Geography
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