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Liquefied Natural Gas Compressor Market Research With Size, Growth, Key Players, Segments And Forecast To 2032
Liquefied Natural Gas Compressor Market
Liquefied Natural Gas Compressor Market Size, Growth Rate, And Forecast
The global liquefied natural gas compressor market size is expected to grow from $3.80 billion in 2022 to $4.04 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global liquefied natural gas compressor market size is expected to reach $4.97 billion in 2027 at a CAGR of 5.3%.
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Liquefied Natural Gas Compressor Market Drivers
The increased production of natural gas from shale reserves is expected to propel the growth of the liquefied natural gas compressor market going forward. Shale reserves are a kind of sedimentary rock deposit that may be utilized to generate oil and gas. The heightened production of natural gas expands the liquefied natural gas compressor market as they are used in the liquefaction of natural gas, which is essential for transportation.
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Liquefied Natural Gas Compressor Market Segments
1) By Design: Vertically-Split Barrel, Horizontally-Split Barrel, Axial Compressors
2) By Application: Low Pressure Application, Medium Pressure Application
3) By End User: Vehicles, Electrical, Industrial, Residential, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Liquefied Natural Gas Compressor Market.
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Liquefied Natural Gas Compressor Market Key Players
Major competitors in the Liquefied Natural Gas Compressor Market include EagleBurgmann, General Electric, Siemens AG, and Mitsubishi Heavy Industries. Ltd., Elliott Group, Kobelco Compressors America Inc., IMW Industries Ltd., Sundyne., IHI Rotating Machinery Engineering Co. Ltd., NEUMAN & ESSER GROUP, Atlas Copco AB, Burckhardt Compression AG, MOLGAS ENERGY S.A.U, Howden Group, and Sulzer Ltd
The Business Research Company's "Global Liquefied Natural Gas Compressor Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Liquefied Natural Gas Compressor Market Include:
1. Executive Summary
2. Liquefied Natural Gas Compressor Market Characteristics
3. Liquefied Natural Gas Compressor Market Trends And Strategies
4. Liquefied Natural Gas Compressor Market - Macro Economic Scenario
5. Liquefied Natural Gas Compressor Market Size And Growth
.......
26. Africa Liquefied Natural Gas Compressor Market
27. Liquefied Natural Gas Compressor Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Liquefied Natural Gas Compressor Market
29. Liquefied Natural Gas Compressor Market Future Outlook and Potential Analysis
30. Appendix
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