Rise in natural gas production with engagement of new technologies will escalate the US process gas compressor market

US 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 US region, owing to the huge presence of end-use industry of process gas compressors, such as oil & gas and chemical industry. The continuous rise in the natural gas production, with the highest record hit by the country every year, is another factor that is significantly augmenting the demand for process gas compressor in the US. Natural gas production from the shale gas is rapidly evolving in the country, marking to the significant demand for process gas compressor for safety purposes.

Browse the full report description US 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/us-process-gas-compressors-market

The introduction of new technologies in the production of natural gas in the country is further contributing to the rise of the natural gas in the US. Among all the technologies, the shale revolution is considered as the prominent one augmenting the production rate of natural gas in the country. The US, one of the largest consumers of oil, accounts for the 25% of the global oil demand, as per Robert Strauss Center, is propelling the new developments in the production unit, aiming to spur the production rate of natural gas. With this continuous focus of government and introduction of new technologies, the process gas compressor market is expected to rise in the US during the forecast period.

Market Coverage

Key questions addressed by the report

• What is the market growth rate during the forecast period?
• Which segment dominates the market in base year?
• Which segment will project fastest growth in the market during the forecast period?
• How COVID-19 will impact the market growth in 2020 and coming years?

o Recovery Timeline

o Deviation from pre-COVID 

o Most affected segment

o Recommendations 

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

US Process Gas Compressor Market – Segmentation

By Type

• Centrifugal Gas Compressors
• Reciprocating Gas Compressors
• Screw Gas Compressors 
• Others (Standard Screw Air Compressor)

By End-Use Industry

• Oil & Gas 
• Refinery Services 
• Petrochemical and Chemical Industry
• Polyolefin Plants
• Others (Hydrotreatment)

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