- The key vendors in the global gas compressors market 2015-2019 are Atlas Copco AB, General Electric Co. (GE), Ingersoll Rand Inc. and Siemens AG
London, 23 June 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global gas compressors market 2015-2019. Development of next generation compressors is one of the key trends upcoming in this market. The gas compressor vendors are looking for innovations to differentiate their products in the highly competitive market. Moreover, the use of compressed air as a source of developing renewable energy is gaining traction, which is expected to see significant advances in this field. The global gas compressors market is expected to grow at a CAGR of 6.82% during the period 2014-2019.
End-users such as the oil and gas, chemical and petrochemical, and power industries will boost the demand for gas compressors in the coming years because the increase in exploration activities has resulted in the need for more natural gas transportation.
“Regulators worldwide are releasing white papers and are in consultation with various stakeholders in the compressor industry to derive a comprehensive regulatory framework regarding certification, energy efficiency, and environmental protection,” says Faisal Ghaus, Vice President of Technavio Research.
“The EU has also enacted many regulations regarding compressor and vacuum pump safety to make compressor operations safer and to reduce harmful emissions.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
