The positive outlook of the gas industry in Asia and the MEA will positively influence the demand for natural gas engines, natural gas compressors, centrifugal gas compressors, and gas turbines. Algeria was seen to be the highest contributor to revenue reported from the Asia and MEA gas turbines market. These trends are analyzed in detail in a market research report recently published by Transparency Market Research (TMR). The natural gas engines market in Asia and the Middle East and Africa (MEA) approximated US$283.6 mn in 2013 and will report unprecedented growth to surpass US$2.1 bn by 2022, says TMR in its report. This translates to an impressive 25.2% CAGR between 2015 and 2022. The report is titled, ‘Natural Gas Compressors, Natural Gas Engines, Gas Turbines, Centrifugal Gas Compressors Market – Asia and MEA Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015–2023.’
The report also studies the natural gas engines market in terms of volume. From the volume standpoint, shipments in the natural gas engines market stood at 23,893 units as of 2013. Kazakhstan was identified as the largest revenue contributor to the gas engines market in Asia and MEA in 2013, in which year the valuation of the Kazakhstan natural gas engines market was pegged at US$27.7 mn. A growing number of vehicles that run on natural gas is the key driver for the natural gas engines in the Central Asian country. This growth is further fuelled by the increasing adoption of natural-gas fuelled reciprocating engines in various gas processing plants, storage stations, and pipeline compressors.
The gas turbines market, on the other hand, was pegged at US$6.6 bn in 2013, and a CAGR of 8.9% is forecast for this particular market from 2015 through 2022. The market will rise to US$11.1 bn by 2022. The report states that the market for gas turbines in Asia and MEA will benefit from the preference given to gas turbines in combined cycle and co-generation plants.
Algeria was seen to be the highest contributor to revenue reported from the Asia and MEA gas turbines market. The fastest growth in both unit shipments and revenue in the Asia and MEA gas turbines market will be seen in Nigeria and Algeria through the report’s forecast period. The market will benefit from the introduction of various programs geared toward boosting natural gas production and consumption. In Nigeria, for instance, the government has laid out a plan to achieve a threefold increase in natural gas production capacities by 2020. This initiative is being undertaken expressly to meet the soaring energy demand from fast-industrializing nations in West Africa.
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On the overall dynamics, the report states that a surge in gas exploration activities in Asia and MEA will stimulate demand for a variety of gas equipment such as natural gas engines, natural gas compressors, centrifugal gas compressors, and gas turbines. This will prompt countries with large natural gas reserves to make a foray into natural gas production and distribution, which will cause the demand for gas compressors to rise in the near future.
The report finds that the Asia and MEA market for gas compressors is currently characterized by consolidation among leading players. A case in point would be GE Oil and Gas’ acquisition of Cameron International Corporation’s line of reciprocating compressors in 2014. In the same year, Ingersoll Rand purchased Cameron International Corporation’s centrifugal compressor business. Given the few players in the market, companies in the gas equipment market in Asia and MEA enjoy a relatively high degree of bargaining power. This position will likely not change anytime soon considering that the demand for natural (especially as an alternative energy source) will only rise in the coming years.
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The pressing demand for LNG worldwide has brought about the development of various equipment in the value chain for LNG.
These systems precede the refrigeration process in the LNG plant and are also referred to as refrigeration compressors.
The LPG compressors can be classified broadly on the basis of their design into vertically-split barrel compressors, horizontally-split compressors, and axial compressors.Planning to lay down strategy for the next few years?
Our report can help shape your plan betterThe horizontally-split compressors are slated to hold a sway over the market due to their effective designs and ease in maintenance.
A report by Transparency Market Research offers essential information about the global LNG compressor market.
It presents a granular analysis of the factors promoting or hindering it.
The latest trending report Global Gas Compressors Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The Gas Compressors market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.This report also researches and evaluates the impact of Covid-19 outbreak on the Gas Compressors industry, involving potential opportunity and challenges, drivers and risks.
We present the impact assessment of Covid-19 effects on Gas Compressors and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.
).Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/29423-gas-compressors-market-analysis-reportThe major players covered in Gas Compressors are: GE Gardner Denver Atlas Copco ARIEL HMS Group Dresser-Rand Kobelco Ingersoll Rand Burckhardt Accudyne BAUER Kaishan CHKZ LLC Blower worksBy Type, Gas Compressors market has been segmented into Centrifugal Type Reciprocating Type Screw Type OthersBy Application, Gas Compressors has been segmented into: Natural gas industry Petrochemical Industry Coal chemical industry OthersThe report offers in-depth assessment of the growth and other aspects of the Gas Compressors market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, etc.
) Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Gas Compressors Market @ https://www.decisiondatabases.com/contact/download-sample-29423The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Gas Compressors product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Gas Compressors, with price, sales, revenue and global market share of Gas Compressors in 2018 and 2019.Chapter 3, the Gas Compressors competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Gas Compressors breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Gas Compressors market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Gas Compressors sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Gas Compressors Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-29423All Compressor Related Reports by DecisionDatabases.com @ https://goo.gl/c4X8EjAbout-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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