The natural gas is compressed using the compressor by applying pressure on the gas to accommodate it into cylinders. The CNG gas can be used in various industrial applications as well as for automotive. There is high scope for the CNG Compressor Market with companies investing high capital for developing the technology in various regions across the globe during 2016-2021.
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Scope and Regional Forecast of the CNG Compressor Market:
North America is the prominent region in the CNG Compressor Market with high use of CNG gas for various end user applications. The US, Canada and Mexico have high demand for compressed gas in this region through 2021.
Europe is anticipated to have healthy growth in the CNG Compressor Market with companies investing in this market for improving mechanics of the compressor. Germany, France and UK are the major markets in Europe during 2016-2021. Gas stations or filling stations are the major applications that have high use of this compressing equipment through 2021.
Asia Pacific has high utilization of the compressors in the CNG Compressor Market. China is the major supplier of the compressor units in this region to various countries. China and India are the major end users of this equipment for various end user industrial applications. Companies in this region invest for development of this market with high unit sales.
The CNG Compressor Market is a growing market with high demand for natural gas compression systems for natural gas compression in the CNG filling station in various regions across the globe. This market is expected to witness high growth owing to the increasing investment by CNG compressor manufacturers for advanced CNG systems, high use of CNG pump for CNG conversion at CNG fueling stations and decreasing CNG compression cost for gas compression in various regions across the globe during 2016-2021.
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Segmentation and Key Players of the CNG Compressor Market:
The CNG Compressor Market is segmented into various categories by application and by geography as follows:
- By application: industrial, automotive, aerospace and others
- By geography: North America, South America, Europe, Asia Pacific and ROW
The key players in the CNG Compressor Market are as follows:
- Atlas Copco
- Ariel Corporation
- Chicago Pneumatic
- Ingersoll Rand
The CNG station has high use of compressor for CNG gas compression in cylinders and containers in various regions across the globe during 2016-2021.
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