Cng Compressor Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

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Market Snapshot

CAGR:5.73
2023
2032

Source: Market Expertz

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Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 5.73
Energy & Power-companies
Energy & Power-Snapshot

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Report Overview

CNG Compressor Market Analysis By Application (Transportation, Industrial, Others), By Type (Primary, Secondary), and By Region Forecast to 2032:

The CNG Compressor Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the increasing adoption of compressed natural gas (CNG) as an alternative fuel, the growing emphasis on reducing carbon emissions, and the need for efficient CNG compression solutions.

CNG Compressor Market Overview:

Drivers:

One of the primary drivers fueling the growth of the CNG Compressor Market is the increasing adoption of CNG as a clean and cost-effective alternative to traditional fossil fuels in the transportation and industrial sectors. CNG is recognized for its lower carbon emissions and cost advantages, making it an attractive choice for fleet operators and industrial facilities seeking to reduce their environmental footprint and operating costs.

Furthermore, government incentives and environmental regulations promoting the use of CNG as a clean fuel source are bolstering market growth. This includes tax incentives, emissions reduction targets, and the development of CNG refueling infrastructure.

Trends:

An emerging trend in the CNG Compressor Market is the development of advanced compressor technologies to enhance efficiency and reliability. Compressor manufacturers are innovating to provide compact, high-capacity, and energy-efficient CNG compression solutions. These trends are particularly relevant as industries and transportation fleets seek to optimize their CNG supply chains.

Additionally, the growth of the natural gas vehicle (NGV) market is positively impacting the CNG Compressor Market. NGVs powered by CNG are gaining popularity as a sustainable and economical transportation solution, driving the demand for reliable CNG compression equipment.

Restraints:

One of the key challenges hindering the growth of the CNG Compressor Market is the initial capital investment required for the establishment of CNG refueling infrastructure. Building CNG refueling stations, including compressor systems and storage facilities, can be costly. This can deter potential investors and limit the expansion of CNG infrastructure in certain regions.

Moreover, the availability and accessibility of CNG refueling stations can be limited, impacting the adoption of CNG-powered vehicles and industrial applications. Expanding the CNG refueling network is essential for widespread market growth.

CNG Compressor Market Segmentation By Application:

  • Transportation: The transportation sector, including public transit, long-haul trucking, and passenger vehicles, is a significant application area for CNG compressors. CNG-powered vehicles require reliable compression systems to refuel quickly and efficiently.
  • Industrial: The industrial segment includes various applications, such as manufacturing, power generation, and industrial heating. CNG is used as a fuel source for industrial processes, and CNG compressors play a crucial role in ensuring a steady supply of compressed natural gas.
  • Others: This category encompasses emerging applications of CNG, expanding the potential use cases for CNG compression technology.

CNG Compressor Market Segmentation By Type:

  • Primary: Primary CNG compressors are used for direct refueling of vehicles and are typically located at CNG refueling stations. They are responsible for the initial compression of natural gas.
  • Secondary: Secondary CNG compressors are employed for additional compression to achieve higher pressures required for various industrial processes and specialized applications.

Regional Overview:


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North America is poised to be a key contributor to the global CNG Compressor Market, driven by the increasing adoption of CNG as a transportation fuel in the United States and Canada. Government incentives and emissions reduction targets encourage the use of CNG in vehicles, fostering the demand for CNG compressors.

Europe is another significant market for CNG compressors, particularly in countries like Germany and Italy, where CNG is gaining traction as a clean and economical fuel source.

CNG Compressor Market Customer Landscape:

The CNG Compressor Market serves a diverse customer base, including fleet operators, industrial facilities, CNG refueling station operators, and NGV manufacturers. These customers rely on CNG compressors to ensure a continuous and efficient supply of compressed natural gas for their operations.

Major CNG Compressor Companies:

Companies in the CNG Compressor Market are actively involved in the development and supply of CNG compression solutions to meet the growing demand for clean and sustainable fuel sources.

Example companies include:

  1. Ariel Corporation: Ariel Corporation is a leading manufacturer of reciprocating natural gas compressors used in various applications, including CNG refueling stations and industrial processes.
  2. Atlas Copco AB: Atlas Copco offers a range of compressed natural gas solutions, including CNG compressors designed for reliability and energy efficiency.
  3. Siemens Energy: Siemens Energy provides advanced compressor technologies for CNG applications, ensuring high performance and low emissions.

The competitive landscape analysis in the report provides insights into key market players, including:

  • Clean Energy Fuels Corp.
  • MAN SE
  • Ingersoll Rand
  • Parker Hannifin Corporation
  • Sauer Compressors USA, Inc.
  • Bauer Compressors, Inc.
  • Caterpillar Inc.
  • Kobelco
  • Wärtsilä Corporation
  • Weir Group PLC

Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on focus, dominance, and strength.

Segment Overview:

The CNG Compressor Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

  • Application Outlook (USD Million, 2019 - 2032):
    • Transportation
    • Industrial
    • Others
  • Type Outlook (USD Million, 2019 - 2032):
    • Primary
    • Secondary
  • Geography Outlook (USD Million, 2019 - 2032):
    • North America
      • United States
      • Canada
    • Europe
      • Germany
      • Italy
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa
      • United Arab Emirates
      • South Africa
      • Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL CNG COMPRESSOR MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. CNG COMPRESSOR MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. CNG Compressor Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Power Of Suppliers

    4.5.2. Power Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. CNG COMPRESSOR MARKET BY Technology INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. Positive Displacement

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. Dynamic

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. CNG COMPRESSOR MARKET BY Application INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. Industrial

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. Residential

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4. Transportation

    6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. CNG COMPRESSOR MARKET REGIONAL OUTLOOK

7.1. CNG Compressor Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America CNG Compressor Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.2. North America CNG Compressor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America CNG Compressor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America CNG Compressor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. CNG Compressor Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. CNG Compressor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. CNG Compressor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. CNG Compressor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada CNG Compressor Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada CNG Compressor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada CNG Compressor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada CNG Compressor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe CNG Compressor Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe CNG Compressor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe CNG Compressor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe CNG Compressor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany CNG Compressor Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany CNG Compressor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany CNG Compressor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany CNG Compressor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France CNG Compressor Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France CNG Compressor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France CNG Compressor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France CNG Compressor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. CNG Compressor Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. CNG Compressor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. CNG Compressor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. CNG Compressor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific CNG Compressor Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific CNG Compressor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific CNG Compressor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific CNG Compressor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China CNG Compressor Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China CNG Compressor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China CNG Compressor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China CNG Compressor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India CNG Compressor Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India CNG Compressor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India CNG Compressor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India CNG Compressor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan CNG Compressor Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan CNG Compressor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan CNG Compressor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan CNG Compressor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia CNG Compressor Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia CNG Compressor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia CNG Compressor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia CNG Compressor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea CNG Compressor Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea CNG Compressor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea CNG Compressor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea CNG Compressor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America CNG Compressor Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America CNG Compressor Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America CNG Compressor Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America CNG Compressor Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America CNG Compressor Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. Ariel Corporation (U.S.)

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2. Atlas Copco (Sweden)

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

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

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

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

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

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

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6. Wärtsilä (Finland)

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7. CIMC Enric (China)

    9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

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

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9. Elliott Company (U.S.)

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10. Associated Compressor Engineers (U.K)

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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