CNG Compressor Market Research Report - Forecast to 2027

CNG Compressor Market Research Report: Information by Technology (Positive Displacement, Dynamic), Applications (Industrial, Residential, Transportation), and Region (North America, Europe, Asia Pacific, and Rest of the World)– Forecast till 2027

ID: MRFR/E&P/0867-HCR | February, 2021 | Region : Global

CNG Compressor Market Scenario


CNG compressor market is projected to rise at a CAGR of ~5.0% during the forecast period. The market for CNG is expected to grow at USD ~200.0 Billion in 2023.  It witnesses high growth because of adoption of CNG as an alternative to gasoline and diesel, which ultimately helps rise the CNG compressor market.


One of the primary reasons behind the growth of this market is the increase the number of natural gas vehicle, NGV operating on low cost, less carbon emissions in environment. So, OEMs (Original Equipment Manufacturers) such as Volvo, Ford, Fiat and GM offer vehicles and other fleet that are also CNG-powered.


The main drivers of this global CNG compressor market are growing natural gas pipeline network, across the world, consumption of natural gas in power plant in search of economic efficient energy source, and reduction of consumption of coal in emerging countries. Low pollution and emission levels, abundant gas reserves, technological advancements in the technology, and widening application of natural gas in industry are also some of them.


The CNG compressor market is further segmented on the basis of technology as Positive Displacement and Dynamic, on the basis of applications as Industrial, Residential and Transportation, and on the basis of regions as North America, Europe, Asia Pacific, and Rest of the World.


Key Players


The major key player in global CNG compressor market are Ariel Corporation (U.S.), Atlas Copco (Sweden), P C Mc Kenzie C (U.S.), J-W Energy Company (U.S.), Bauer Compressors, Inc. (U.S.), Wärtsilä (Finland), and CIMC Enric (China). Kobelco Compressors America, Inc. (U.S.), Elliott Company (U.S.), Associated Compressor Engineers (U.K), C&B Pumps and Compressors, LLC. (U.S.), Gas Compressor Consultants Inc (U.S.), and GE Oil & Gas (U.S.) are among others. They are highly capable of offering the finest service in the industry.


Market Segmentation


 CNG Compressor Market


Global CNG Compressor Market


The global CNG compressor market is projected to progress at a CAGR of more than ~5.0% during the forecast period. The share of natural gas in global energy mix will grow at ~23.0% in 2025, which is mainly driven by the growth of India, China and South East Asia, as the countries have had an increased concern regarding air quality, growth in industrial and transportation sector.


Based on type, this segment includes positive displacement and dynamic technology, among which positive displacement is a device used to compress the natural gas so that it can be transported to longer distances through pipelines. This device increases the pressure of natural gas by decreasing its volume while, dynamic compressor is a flow machine where pressure increases take place at the same time as gas flows.


Based on application, transportation sector accounts for major market share than industrial and residential as developing nations are switching their vehicles run by natural gas.


Based on region, Asia Pacific was leading in CNG market and is expected to continue its dominance during the forecast period. China and India are expected to drive the CNG compressor market at a CAGR of ~ 10.0%, which is the fastest.


A CNG compressor is a mechanical device used widely in natural gas industry for transportation purposes. The device compresses the total volume of the gas, thereby increasing its pressure. This helps the natural gas move easily in long distances within the pipelines without any pressure drop. CNG compressors are chosen over fleet because of their reliability and performance range. Location of CNG station is strategically determined with the help of gathering as well as with the help of pipeline network to maintain the pressure and flow of natural gas. CNG compressors can be used in the set up of gas stations, fueling of vehicles, pumping gas into high-pressure CNG tanks and in pipeline transmission as a compressor station to transfer gas from one to another.

Table of content

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining power of buyers

3.1.3 Bargaining power of suppliers

3.1.4 Threat of substitutes

3.1.5 Segment rivalry

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

5 Global CNG Compressor Market, By Type

5.1 Introduction

5.2 Positive Displacement

5.2.1 Market Estimates & Forecast, 2020-2027

5.2.2 Market Estimates & Forecast by Region, 2020-2027

5.3 Dynamic

5.3.1 Market Estimates & Forecast, 2020-2027

5.3.2 Market Estimates & Forecast by Region, 2020-2027

6 Global CNG Compressor Market, By Applications

6.1 Introduction

6.2 Industrial

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast by Region, 2020-2027

6.3 Residential

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast by Region, 2020-2027

6.4 Transportation

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast by Region, 2020-2027

7 Global CNG Compressor Market, By Region

7.1 Introduction

7.2 North America

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Type, 2020-2027

7.2.3 Market Estimates & Forecast by Applications, 2020-2027

7.2.4 U.S.

7.2.4.1 Market Estimates & Forecast, 2020-2027

7.2.4.2 Market Estimates & Forecast by Type, 2020-2027

7.2.4.3 Market Estimates & Forecast by Applications, 2020-2027

7.2.5 Canada

7.2.5.1 Market Estimates & Forecast, 2020-2027

7.2.5.2 Market Estimates & Forecast by Type, 2020-2027

7.2.5.3 Market Estimates & Forecast by Applications, 2020-2027

7.3 Europe

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Type, 2020-2027

7.3.3 Market Estimates & Forecast by Applications, 2017-2023

7.3.4 Russia

7.3.4.1 Market Estimates & Forecast, 2020-2027

7.3.4.2 Market Estimates & Forecast by Type, 2020-2027

7.3.4.3 Market Estimates & Forecast by Applications, 2020-2027

7.3.5 Norway

7.3.5.1 Market Estimates & Forecast, 2017-2023

7.3.5.2 Market Estimates & Forecast by Type, 2020-2027

7.3.5.3 Market Estimates & Forecast by Applications, 2020-2027

7.3.6 Rest of Europe

7.3.6.1 Market Estimates & Forecast, 2020-2027

7.3.6.2 Market Estimates & Forecast by Type, 2020-2027

7.3.6.3 Market Estimates & Forecast by Applications, 2020-2027

7.4 Asia Pacific

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Type, 2020-2027

7.4.3 Market Estimates & Forecast by Applications, 2020-2027

7.4.4 China

7.4.4.1 Market Estimates & Forecast, 2020-2027

7.4.4.2 Market Estimates & Forecast by Type, 2020-2027

7.4.4.3 Market Estimates & Forecast by Applications, 2020-2027

7.4.5 Australia

7.4.5.1 Market Estimates & Forecast, 2020-2027

7.4.5.2 Market Estimates & Forecast by Type, 2020-2027

7.4.5.3 Market Estimates & Forecast by Applications, 2020-2027

7.4.6 Rest of Asia-Pacific

7.4.6.1 Market Estimates & Forecast, 2020-2027

7.4.6.2 Market Estimates & Forecast by Type, 2020-2027

7.4.6.3 Market Estimates & Forecast by Applications, 2020-2027

7.5 Middle East & Africa

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast by Type, 2020-2027

7.5.3 Market Estimates & Forecast by Applications, 2020-2027

7.6 Latin America

7.6.1 Market Estimates & Forecast, 2020-2027

7.6.2 Market Estimates & Forecast by Type, 2020-2027

7.6.3 Market Estimates & Forecast by Applications, 2020-2027

7.7 Rest of the World

7.7.1 Market Estimates & Forecast, 2020-2027

7.7.2 Market Estimates & Forecast by Type, 2020-2027

7.7.3 Market Estimates & Forecast by Applications, 2020-2027

8 Competitive Landscape

9 Company Profile

9.1 Ariel Corporation (U.S.)

9.1.1 Company Overview

9.1.2 Product/Services Offering

9.1.3 Financial Overview

9.1.4 Key Developments

9.1.5 Strategy

9.1.6 SWOT Analysis

9.2 Atlas Copco (Sweden)

9.2.1 Company Overview

9.2.2 Product /Services Offering

9.2.3 Financial Overview

9.2.4 Key Developments

9.2.5 Strategy

9.2.6 SWOT Analysis

9.3 P C Mc Kenzie C (U.S.)

9.3.1 Company Overview

9.3.2 Product /Services Offering

9.3.3 Financial Overview

9.3.4 Key Developments

9.3.5 Strategy

9.3.6 SWOT Analysis

9.4 J-W Energy Company (U.S.)

9.4.1 Company Overview

9.4.2 Product /Services Offering

9.4.3 Financial Overview

9.4.4 Key Developments

9.4.5 Strategy

9.4.6 SWOT Analysis

9.5 Bauer Compressors, Inc. (U.S.)

9.5.1 Company Overview

9.5.2 Product /Services Offering

9.5.3 Financial Overview

9.5.4 Key Developments

9.5.5 Strategy

9.5.6 SWOT Analysis

9.6 Wärtsilä (Finland)

9.6.1 Company Overview

9.6.2 Product /Services Offering

9.6.3 Financial Overview

9.6.4 Key Developments

9.6.5 Strategy

9.6.6 SWOT Analysis

9.7 CIMC Enric (China)

9.7.1 Company Overview

9.7.2 Product /Services Offering

9.7.3 Financial Overview

9.7.4 Key Developments

9.7.5 Strategy

9.7.6 SWOT Analysis

9.8 Kobelco Compressors America, Inc. (U.S.)

9.8.1 Company Overview

9.8.2 Product /Services Offering

9.8.3 Financial Overview

9.8.4 Key Developments

9.8.5 Strategy

9.8.6 SWOT Analysis

9.9 Elliott Company (U.S.)

9.9.1 Company Overview

9.9.2 Product /Services Offering

9.9.3 Financial Overview

9.9.4 Key Developments

9.9.5 Strategy

9.9.6 SWOT Analysis

9.10 GE Oil & Gas (U.S.)

9.10.1 Company Overview

9.10.2 Product /Services Offering

9.10.3 Financial Overview

9.10.4 Key Developments

9.10.5 Strategy

9.10.6 SWOT Analysis

10 Conclusion

11 Appendix

List of Tables

Table 1 Global CNG compressor Market: By Region, 2020-2027

Table 2 North America CNG compressor Market: By Country, 2020-2027

Table 3 Europe CNG compressor Market: By Country, 2020-2027

Table 4 Asia Pacific CNG compressor Market: By Country, 2020-2027

Table 5 RoW CNG compressor Market: By Country, 2020-2027

Table 6 Global CNG compressor Market by Type: By Regions, 2020-2027

Table 7 North America CNG compressor Market by Type: By Country, 2020-2027

Table 8 Europe CNG compressor Market by Type: By Country, 2020-2027

Table 9 Asia Pacific CNG compressor Market by Type: By Country, 2020-2027

Table 10 RoW CNG compressor Market by Type: By Country, 2020-2027

Table 11 Global CNG compressor Market, by Application, By Regions, 2020-2027

Table 12 North America CNG compressor Market, by Application, By Country, 2020-2027

Table 13 Europe CNG compressor Market, by Application, By Country, 2020-2027

Table 14 Asia Pacific CNG compressor Market, by Application By Country, 2020-2027

Table 15 RoW CNG compressor Market, by Application, By Country, 2020-2027

Table 16 Global CNG compressor Market: By Region, 2020-2027

Table 17 North America CNG compressor Market, By Country

Table 18 North America CNG compressor Market, by Type

Table 19 North America CNG compressor Market, By Application

Table 20 Europe: CNG compressor Market, By Country

Table 21 Europe: CNG compressor Market, by Type

Table 22 Europe: CNG compressor Market, By Application

Table 23 Asia Pacific: CNG compressor Market, By Country

Table 24 Asia Pacific: CNG compressor Market, by Type

Table 25 Asia Pacific: CNG compressor Market, By Application

Table 26 RoW: CNG compressor Market, By Region

Table 27 RoW CNG compressor Market, by Type

Table 28 RoW CNG compressor Market, By Application


List of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL CNG COMPRESSOR MARKETSHARE, BY TYPE 2020 (%)

FIGURE 9 GLOBAL CNG COMPRESSOR MARKET, BY TYPE, 2020-2027 (USD MILLION)

FIGURE 10 GLOBAL CNG COMPRESSOR MARKETSHARE, BY APPLICATION, 2020 (%)

FIGURE 11 GLOBAL CNG COMPRESSOR MARKET, BY REGION, 2020-2027 (USD MILLION)

FIGURE 12 NORTH AMERICA CNG COMPRESSOR MARKETSHARE (%), 2020

FIGURE 13 NORTH AMERICA CNG COMPRESSOR MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 14 EUROPE CNG COMPRESSOR MARKETSHARE (%), 2020

FIGURE 15 EUROPE CNG COMPRESSOR MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 16 ASIA PACIFIC CNG COMPRESSOR MARKETSHARE (%), 2020

FIGURE 17 ASIA PACIFIC CNG COMPRESSOR MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 18 REST OF THE WORLD CNG COMPRESSOR MARKETSHARE (%), 2020

FIGURE 19 REST OF THE WORLD CNG COMPRESSOR MARKETBY COUNTRY, 2020-2027 (USD MILLION)

CNG Compressor Market