Summary

The global gas compressors market size reached US$ 5.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.8 Billion by 2032, exhibiting a growth rate (CAGR) of 3.5% during 2024-2032. Increasing demand for natural gas as a cleaner energy source, expanding industrial activities, technological advancements in compressor designs, stringent environmental regulations, growing exploration efforts in untapped regions, and rising infrastructure investments are fueling the market growth.

Gas compressors are mechanical devices designed to increase the pressure of a gas by reducing its volume. They play a crucial role in various industries, including energy, manufacturing, and transportation. Gas compressors are typically composed of components such as a motor, compressor unit, and control system. The process involves drawing in gas and subsequently compressing it using either positive displacement or dynamic methods. Positive displacement compressors use mechanisms like reciprocating pistons or rotary screws to trap and reduce gas volume, while dynamic compressors utilize techniques like centrifugal force to accelerate and compress gas. Advantages of gas compressors encompass enhanced transport efficiency, increased storage capacity, and the facilitation of various industrial processes. Their application spans from powering pneumatic tools to aiding in natural gas transportation over long distances. Broadly, gas compressors fall into two main categories: positive displacement and dynamic compressors.

The global gas compressors market is influenced by the rising demand for natural gas as a cleaner energy source and the expanding industrial activities across sectors, such as oil and gas, manufacturing, and petrochemicals. Moreover, advancements in technology, particularly in reciprocating and centrifugal compressor designs, is augmenting market growth. In line with this, stringent environmental regulations encourage the adoption of compressors that minimize emissions and ensure compliance, further supporting market growth. Apart from this, the growing exploration and production activities in untapped regions, increasing investments in infrastructure development, and the shift towards renewable energy sources are propelling market growth.
Gas Compressors Market Trends/Drivers:
Rising demand for natural gas
The global gas compressors market is significantly propelled by the escalating demand for natural gas as an environmentally friendly energy alternative. As nations strive to reduce their carbon footprint, natural gas has emerged as a key transition fuel due to its lower carbon emissions compared to conventional fossil fuels. This demand surge is driven by the desire to meet energy needs while adhering to climate goals. Gas compressors play a pivotal role in the extraction, transportation, and distribution of natural gas. They ensure efficient compression, enabling seamless movement through pipelines and storage facilities. This driver is expected to remain steadfast as countries continue to transition towards cleaner energy sources.
Expanding industrial activities
The expansion of industrial activities across sectors such as oil and gas, manufacturing, and petrochemicals acts as a substantial driver for the global gas compressors market. These industries heavily rely on compressed gases for various processes, such as pneumatic tools, air conditioning, refrigeration, and more. As industrialization continues to flourish, the demand for compressed gases escalates, necessitating reliable and efficient compression solutions. Gas compressors ensure the optimal functioning of essential processes, supporting increased production capacities. This driver underscores the essential role that gas compressors play in maintaining the smooth operation of industrial activities worldwide.
Advancements in compressor technology
Advancements in compressor technology, particularly in reciprocating and centrifugal compressor designs, are instrumental in shaping the trajectory of the global gas compressors market. Engineers and manufacturers are continuously innovating to enhance compressor efficiency, performance, and reliability. Cutting-edge designs incorporate features like variable speed drives, improved materials, and enhanced sealing mechanisms, resulting in higher efficiency and reduced maintenance requirements. These technological advancements not only boost the overall efficiency of compression processes but also enable customization to meet specific industry needs. As industries increasingly demand compressors that deliver superior performance while minimizing energy consumption, the evolution of compressor technology remains a pivotal driver in the market's growth and development.
Gas Compressors Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global gas compressors market report, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on compressor type and end use industry.
Breakup by Compressor Type:

• Positive Displacement Compressor
• Dynamic Compressor

Positive displacement compressor dominates the market
The report has provided a detailed breakup and analysis of the market based on the compressor type. This includes positive displacement compressor and dynamic compressor. According to the report, positive displacement compressor represented the largest segment.
The positive displacement compressor segment is influenced by several key factors, which includes its inherent ability to deliver a consistent flow of compressed gas regardless of discharge pressure variations. Moreover, the versatility of positive displacement compressors in handling a wide range of gases, including viscous and high-pressure gases, expands their applicability across diverse sectors such as petrochemicals, manufacturing, and pharmaceuticals. In line with this, the simplicity of design and ease of maintenance of positive displacement compressors attract industries looking for efficient yet straightforward solutions. Furthermore, their capability to deliver high compression ratios makes them suitable for applications requiring specific pressure levels. Additionally, the segment benefits from ongoing technological advancements, which enhance their efficiency and performance while addressing environmental concerns.
Breakup by End Use Industry:
• General Manufacturing
• Construction
• Oil and Gas
• Mining
• Chemicals and Petrochemicals
• Power Generation
• Others

Oil and gas dominates the market
The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes general manufacturing, construction, oil and gas, mining, chemicals and petrochemicals, power generation, and others. According to the report, oil and gas represented the largest segment.
The oil and gas segment is accelerated by a confluence of key factors, including the burgeoning global energy, especially in sectors such as transportation, manufacturing, and power generation. As economies grow and modernize, the need for these fuels remains essential. Moreover, exploration and production activities in untapped regions, including deep-sea reserves and unconventional sources like shale, drive investments in the oil and gas sector. Apart from this, geopolitical factors, such as supply disruptions and political tensions, influence market volatility and pricing. Furthermore, advancements in drilling technologies enhance efficiency, enabling the extraction of oil and gas from increasingly challenging environments. In line with this, the ongoing demand for petrochemical products fuels the need for feedstock, further anchoring the oil and gas segment.
Breakup by Region:

• North America
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

Asia Pacific exhibits a clear dominance, accounting for the largest gas compressors market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.
The Asia Pacific gas compressors market is being propelled by a confluence of factors, including rapid industrialization in countries like China, India, and Southeast Asian nations, which is driving demand for efficient compression solutions across manufacturing, petrochemicals, and energy sectors. This trend is reinforced by the shift towards clean energy, with gas compressors playing a vital role in distributing natural gas as a substitute for coal. The region's expanding energy sector, encompassing exploration, production, and refining, further augments compressor demand, ensuring a steady gas supply to power plants and industries. The burgeoning liquefied natural gas (LNG) industry in the region relies heavily on compressors for production, storage, and transportation. Technological advancements in compressor designs and digital solutions, such as IoT integration and data analytics, are fostering innovation and optimizing operational efficiency in the market. Manufacturers are actively tailoring compression solutions to regional needs, driving sustainable growth in the Asia Pacific gas compressors market.
Competitive Landscape:
The competitive landscape of the global gas compressors market is characterized by intense rivalry among key industry players striving to secure a significant market share. Companies compete not only based on product quality and performance but also on factors such as technological innovation, pricing strategies, and comprehensive after-sales services. The industry's growth is further fueled by a constant drive for research and development, leading to the introduction of advanced and energy-efficient compressor technologies. Market participants focus on enhancing their global footprint through strategic partnerships, collaborations, and acquisitions to expand their market presence and customer base. As the demand for cleaner energy solutions continues to rise, competition is driven by the need to offer environmentally sustainable compressor solutions that align with evolving regulatory standards. Amidst these factors, differentiation through product diversification and a strong emphasis on customer relationships remain central to gaining a competitive edge in this dynamic and evolving market landscape.
The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
• Ariel Corporation
• Atlas Copco AB
• Bauer Compressors Inc.
• Burckhardt Compression Holding AG
• Exterran Corporation
• Gardner Denver Inc.
• General Electric Company
• Hitachi Ltd.
• Kobelco
• Siemens AG
Recent Developments:
• In January 2023, Enerflex closed its $735 million acquisition of Exterran, a major natural gas processing company.
• In August 2023, Atlas Copco’s announced a new factory in Talegaon that will manufacture air and gas compressor systems for the local market, and for export. It encompasses a manufacturing plant and office building of approximately 25,000 m2.
• In August 2023, Siemens AG announced to have entered into an agreement to acquire Heliox, a Netherlands-based company.

Key Questions Answered in This Report
1. What was the size of the global gas compressors market in 2023?
2. What is the expected growth rate of the global gas compressors market during 2024-2032?
3. What are the key factors driving the global gas compressors market?
4. What has been the impact of COVID-19 on the global gas compressors market?
5. What is the breakup of the global gas compressors market based on the compressor type?
6. What is the breakup of the global gas compressors market based on the end use industry?
7. What are the key regions in the global gas compressors market?
8. Who are the key players/companies in the global gas compressors market?

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Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Gas Compressors Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Compressor Type
6.1 Positive Displacement Compressor
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Dynamic Compressor
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by End Use Industry
7.1 General Manufacturing
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Construction
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Oil and Gas
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Mining
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Chemicals and Petrochemicals
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Power Generation
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Ariel Corporation
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 SWOT Analysis
13.3.2 Atlas Copco AB
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.2.4 SWOT Analysis
13.3.3 Bauer Compressors Inc.
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 Burckhardt Compression Holding AG
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.5 Exterran Corporation
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.5.4 SWOT Analysis
13.3.6 Gardner Denver Inc.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 General Electric Company
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.7.4 SWOT Analysis
13.3.8 Hitachi Ltd.
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.8.4 SWOT Analysis
13.3.9 Kobelco
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 Financials
13.3.9.4 SWOT Analysis
13.3.10 Siemens AG
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
13.3.10.4 SWOT Analysis
List of Figures
Figure 1: Global: Gas Compressors Market: Major Drivers and Challenges
Figure 2: Global: Gas Compressors Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Gas Compressors Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Gas Compressors Market: Breakup by Compressor Type (in %), 2023
Figure 5: Global: Gas Compressors Market: Breakup by End Use Industry (in %), 2023
Figure 6: Global: Gas Compressors Market: Breakup by Region (in %), 2023
Figure 7: Global: Gas Compressors (Positive Displacement Compressor) Market: Sales Value (in Million US$), 2018 & 2023
Figure 8: Global: Gas Compressors (Positive Displacement Compressor) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 9: Global: Gas Compressors (Dynamic Compressor) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Gas Compressors (Dynamic Compressor) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Gas Compressors (General Manufacturing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Gas Compressors (General Manufacturing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Gas Compressors (Construction) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Gas Compressors (Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Gas Compressors (Oil and Gas) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Gas Compressors (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Gas Compressors (Mining) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Gas Compressors (Mining) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Gas Compressors (Chemicals and Petrochemicals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Gas Compressors (Chemicals and Petrochemicals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Gas Compressors (Power Generation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Gas Compressors (Power Generation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Gas Compressors (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Gas Compressors (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: North America: Gas Compressors Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: North America: Gas Compressors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: United States: Gas Compressors Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: United States: Gas Compressors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Canada: Gas Compressors Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Canada: Gas Compressors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Asia-Pacific: Gas Compressors Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Asia-Pacific: Gas Compressors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: China: Gas Compressors Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: China: Gas Compressors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Japan: Gas Compressors Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Japan: Gas Compressors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: India: Gas Compressors Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: India: Gas Compressors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: South Korea: Gas Compressors Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: South Korea: Gas Compressors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Australia: Gas Compressors Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Australia: Gas Compressors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Indonesia: Gas Compressors Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Indonesia: Gas Compressors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Others: Gas Compressors Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Others: Gas Compressors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Europe: Gas Compressors Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Europe: Gas Compressors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Germany: Gas Compressors Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Germany: Gas Compressors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: France: Gas Compressors Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: France: Gas Compressors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: United Kingdom: Gas Compressors Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: United Kingdom: Gas Compressors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Italy: Gas Compressors Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Italy: Gas Compressors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Spain: Gas Compressors Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Spain: Gas Compressors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Russia: Gas Compressors Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Russia: Gas Compressors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Others: Gas Compressors Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Others: Gas Compressors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Latin America: Gas Compressors Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Latin America: Gas Compressors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Brazil: Gas Compressors Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Brazil: Gas Compressors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Mexico: Gas Compressors Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Mexico: Gas Compressors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Others: Gas Compressors Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Others: Gas Compressors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Middle East and Africa: Gas Compressors Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Middle East and Africa: Gas Compressors Market: Breakup by Country (in %), 2023
Figure 73: Middle East and Africa: Gas Compressors Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Global: Gas Compressors Industry: SWOT Analysis
Figure 75: Global: Gas Compressors Industry: Value Chain Analysis
Figure 76: Global: Gas Compressors Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Gas Compressors Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Gas Compressors Market Forecast: Breakup by Compressor Type (in Million US$), 2024-2032
Table 3: Global: Gas Compressors Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
Table 4: Global: Gas Compressors Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 5: Global: Gas Compressors Market: Competitive Structure
Table 6: Global: Gas Compressors Market: Key Players