Global Positive Displacement Gas Compressor Market to Witness Stellar Growth Through 2027

October 07, 2021

According to the research report titled ‘Positive Displacement Gas Compressor Market Size By Type (Reciprocating, Screw, Scroll, Rotary Lobe, Rotary Vane), By Lubrication, COVID-19 Impact Analysis, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, global positive displacement gas compressor market is expected to record remarkable growth over 2021-2027.

As per the report findings, high product demand across several end-use sectors is acting as a major impetus to worldwide positive displacement gas compressor industry growth. Also, focus on decarbonization, surging oil & gas production activities, and numerous hydrogen refueling stations are facilitating the industry scenario.

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For the unversed, positive displacement compressors are usually the reciprocating piston type compressors, where gas is sucked in during the piston's suction stroke, compacted by decreasing gas volume via sliding the piston in the opposite direction, and discharged when gas pressure exceeds the pressure on the outlet valve.

Based on product type segmentation of positive displacement gas compressor market, rotary lobe segment is slated to be worth USD 200 million by the end of the forecast period, while rotary vane segment is poised to capture 10% share in the market by 2027.

Moving on to lubrication type, oil filled segment is expected to show remunerative growth over the forecast period, owing to optimal performance characteristics as well as affordability.

Considering the application scope, land-based hydrogen FCV station segment is poised to witness remarkable growth over the forecast period, owing to rising prominence of hydrogen refueling stations across the globe. Under marine application segment, LPG/LNG sub segment is expected to hold over 50% of the overall market share by 2027.

From a geographical perspective, Latin America industry valuation is estimated to reach USD 900 million by the end of the assessment timeline. Meanwhile, Middle East & Africa market is touted to garner a CAGR of 2.5% over 2021-2027.

Prominent players influencing global positive displacement gas compressor market sphere are IHI Rotating Machinery Engineering Co. Ltd., Neuman & Esser Group, Howden Group, Lenhardt & Wagner GmbH, Corken Inc., Baker Hughes Company, Blackmer (PSG), Quincy Compressor LLC, GEA Group AG, Burckhardt Compression AG, Siemens Energy AG, SIAD Macchine Impianti S.p.A., and Atlas Copco.

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