Key vendors focusing on developing CNG Compressors technology to increase their sales
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global CNG compressors market in their latest research report. This report also lists 7 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue has been forecast based on the upcoming CNG stations worldwide.
This Technavio report, under unit operations vertical, is based on the synthesis, analysis, and interpretation of information about the global CNG compressors market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The competition in the market is intense due to the presence of various international and regional players. The companies are providing products that offer efficiency, reliability, and variety to keep pace with the demand. The extensive of use of natural gas as a fuel is encouraging vendors to establish natural gas stations across the globe and gain a larger market share. The vendors in the market are developing innovative products with advanced technologies to support services and customized products to attract more consumers and increasing their profitability. The companies are competing on the basis of quality, reliability, durability, and technological innovations. The players are forming strategic partnerships to increase their production capabilities and to gain larger market share.
“The vendors are using advanced technology to develop compressors that give better efficiency, effectiveness, cost, and reliability. Technology helps the companies to introduce advanced heavy-duty, non-lubricated compressors for the natural gas fuel market. These new compressors are standardized and the streamlined modular engineering aids in quicker delivery time, makes them more reliable, and cost efficient,” says Anju Ajaykumar, a lead analyst at Technavio for research on unit operations.
Top five vendors in the CNG compressors market space
Atlas Copco
The company provides sustainable productivity solutions that include innovative compressors, construction and mining equipment, vacuum solutions and air treatment systems, power tools, and assembly systems. It also offers industrial compressors, gas and process compressors and expanders, vacuum solutions, air and gas treatment equipment, and air management systems. Recently, the company acquired the vacuum business of OC Oerlikon Corporation.
Key products: INTERMECH BBR/FBR electric drive compressors.
Ariel Corporation
Ariel Corporation manufacturers inseparable reciprocating gas compressors. These compressors are utilized by energy industry globally in the extraction, processing, transport, storage, and distribution of natural gas. The company offers rotary compressors, reciprocating compressors, process reciprocating compressors, and compressor parts.
Key products: JGM and JGP reciprocating compressors, JGN/JGQ reciprocating gas compressors, JG and JGA, JGR, JGH, JGJ, JGE, JGK, and JGT, JGC, JGD, and JGF, KBU and KBZ, and KBV and KBB.
BAUER Compressors
The company specializes in the manufacture of high-pressure breathing air products, GSA/military breathing air products, plastics technology, industrial air and gas products, natural gas, and inert gas compression. The company provides high-quality products and solutions for high-pressure air and gas that focus on industrial and breathing applications.
Key products: Micro Series, Compact Series, Classic Series, M Series-duplex, M Series-Q, L Series, C26 X-Fill Series, C52 X-Fill Series, and Intelli-Flo (priority fill panel).
Clean Energy Compression
The company offers CNG fueling packages for vehicles and bulk CNG transportation, including compressors, dispensers, and gas control and storage. The primary end-users of the company includes gas utilities, petroleum companies, CNG station owners, fleet operators, and off-grid natural gas supply industries. Recently, the company announced that it had been awarded a multi-year contract by the Washington Metropolitan Transit Authority.
Key products: CleanCNG, UnpluggedCNG, and CompleteCNG.
Ingersoll Rand
Ingersoll Rand offers products, services, and solutions for quality improvement by creating sustainable and efficient environments. The company also provides services that enhance the quality of air in homes and buildings and transport, protects food and perishable products, and assist in increasing industrial productivity and efficiency.
Key products: Small air compressors – reciprocating.
Other prominent vendors in this market include Aerotecnica Coltri, ANGI Energy Systems, Chicago Pneumatic, Cryostar, Galileo Technologies, GreenLine Fuel, and Siemens.
A more detailed analysis is available in the Technavio report, Global CNG Compressors Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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