Valve Market Share, Size, Trend, Future Growth & Leading Players, 2022

14 Aug 2019 – The Global Valve Market is subject to witness a substantial growth due to the shifting trend towards automation & digitalization of various industrial processes. In addition, rapid expansion of existing facilities and petroleum refining plants are estimated to drive the growth of market over the forecast period. Development of advanced flow control tools is projected to have positive impact on market growth in the near future. Globally, the valve market is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest in research and development of the industrial valves.

Introduction of smart valves along with intelligent control systems is gaining traction among industry participants due to their capability to detect and correct leakages in the valves with help of advanced feedback mechanism, thereby escalating market demand for smart valves with intelligent control systems. Development of advanced diagnostics and smart technology in valves market for measuring various procedure variables that include upstream & downstream pressure stem position, temperature, and the flow rate, is propelling market growth over the forecast period.

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The recent technological advancement such as integrated embedded processor and advanced networking framework for subsea oil & gas sector with development of novel products such as high impact rendering driver are projected to boost market value in the upcoming years.

Technological innovation in oil & gas industry has enabled access to resources in deep waters and unusual reservoirs with adverse atmospheric conditions such as high temperature, high-pressure, and low-pressured or depleted reservoirs. High-end demand for pipeline installations across downstream segment is anticipated to offer numerous growth prospects for the industrial valves market participants in the near future. Growing preference towards automated control valves is attributed automation of various industrial process in the recent years.

However, factors such as reduced of coal usage and declined number of conventional coal-fired plants are expected to pose critical challenges for sustained market growth. In addition, volatility in the cost of raw material is negatively affecting the market growth to a certain extent. Stringent government laws & regulations in regards to greenhouse gas emission from conventional power is limiting market growth.

The market is broadly categorized into five major segment based on products type such as ball valve, butterfly valve, gate valve, globe valve, and check valves. Ball valve is considered as one of the fastest growing segment in the valve market with substantial revenue generation in the last couple of years. Growing popularity of the ball valves is attributed to increasing adoption for flow control and situations where tight shut-off is required. Additionally, ball valves are also used in ships, chlorine manufacturing, and fire safe protection services. The butterfly valves has also witnessed massive growth, in the last few years, due to its high-end application in the oil & gas industry.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in manufacturing sector, rapid growth of oil & gas sector, massive demand from power generation industry, and existence of well-established industrial infrastructure.

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Asia-Pacific region is predicted to hold major market share in the valve market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with growing construction activities, soaring demand for chemical industry, market expansion for petroleum refining plants, and significant investment by leading industry players considering potential growth opportunities in the region. European region witnessed economic slowdown in the valve market over last few years. However, rise in the number of offshore sites and high-end demand from booming oil & gas from Russia is expected to favor market growth in the region.

The key players in the valve market are Flowserve Co., Kitz Co., Curtiss-Wright Co., Emerson Electric Co., The KSB Group, CIRCOR International, Inc., Cameron International Co., Alfa Laval AB, AVK Group, Camtech Manufacturing FZCO, Delta-Pacific Valves Ltd., Goodwin plc, GWC Valve International, Inc., Watts Water Technologies, Inc., and Pentair plc.

V Belts Market 2018: Industry Analysis & Outlook To 2023

8 Aug 2019 – Global V Belts Market is subject to witness a substantial growth due to the growing automotive sector, modernization of agriculture and farm equipment in developing economies across the globe. Introduction of modern machineries in the agriculture sector for development of highly advanced farm equipment is anticipated to derive demand for V belts over the forecast period.

Growing automotive sector coupled with wide range application of variable speed belts in industrial processes are some of the prominent factors for market growth. Globally, the V belts market is predicted to grow at a significant CAGR in forecast period, providing numerous opportunities for market players to invest in research and development in the V belt market.

Increasing investment by industrial manufactures to improve overall productivity and limit downtime in end-users market segment is expected to boost the growth of V belts market in the upcoming years. Growing manufacturing and automotive sector in the Asia Pacific region, particularly in the developing economies such as India and China are estimated to drive the market growth in the near future.

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Rising focus towards modernization and automation of various industrial process to ensure streamlined, efficient, and faster approach is projected to positively influence market progress of V belts. Shifting trends towards increasing adoption of V belts in the manufacturing industries is attributed to factors such as flexibility and adaptability of as V-belts for every distributor operation. Additionally, ease of availability of V belts in the wide variety allows transmission of range of load power is expected to favor market growth.

Some of the benefits of V belts include different of orientations such as horizontal, vertical or inclined and independent operational capabilities. These factors play a major role for boosting the growth of v-belt market in the upcoming years. However, inability to operate on synchronous speed is considered as one of the major restraining factor for market demand of V belts. In addition, rising application of flat belts in large distances operations and superior power transfer efficiency is expected to limit market progress to a certain extent.

The V belts market is broadly categorized into four major types based on raw material such as rubber-based V belts, polymer-based V belts, neoprene-based variable belts, and urethane-based V belts. The polymer-based V belts is considered as one of the fastest growing segment in the V belts market with substantial revenue generation in the last couple of years.

Growing popularity of the polymer-based V belts is attributed to cost-effectiveness and easy availability. Application of the V belts include automobile manufacturing, food processing industry, and aerospace industries. Increasing adoption of in manufacturing sector is one of the major driving factor for market growth, in the recent years.

Increasing demand for automobile worldwide is constantly on the rise with significant increase in demands from developing countries such India, China and Brazil. The technological advancement in the automotive sector and introduction of novel products such as automotive V belts in the market is estimated to boost market growth in the upcoming years. Increasing adoption of automotive V-belts for power transmission in passenger cars, light duty trucks, and personal vehicles is expected fuel market advancements.

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The V belt market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in the automotive industry, rising retrofit activities, increasing adoption of advanced machinery and equipment to improve overall productivity and reduce downtime, and existence of well-established industrial infrastructure in the region.

Asia-Pacific region is predicted to hold major market share in the V belts market with massive growth in forecast period. Countries such as India, China and Japan are leading the Asia-Pacific market with rapidly growing automotive manufacturing, strong economic growth and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the V belts market are Toyoda Gosei Co., ZF TRW Automotive Holdings Co., Denso Co., Takata Co., Continental AG, Hyundai Mobis Co., Robert Bosch GmbH, and Tokai Rika Co.

X-Ray Security Scanner Market Size, Share, Trends and Forecasts to 2023

7 Aug 2019 – Global X-Ray Security Scanner Market is expected to grow at a CAGR of 7.6% in the upcoming period as the scope and its applications are rising enormously across the globe. X-Ray security scanner is a mechanical machine that scans for harmful metal, organic, and inorganic materials. The machines spot hazardous items by looking at the atomic number and the mass density of the substances of the materials that pass through it. Dissimilar materials absorb rays at different levels. Organic objects will appear as orange. X-Ray baggage and X-Ray body scanners help keep assets, facility, and passenger’s safe.

The factors that are playing a major role in the growth of the market are growing e-commerce industry resulting in increased cross-border transactions, increasing global air passenger traffic, developing airport infrastructure with enhanced technology, and evolving and persistent attacks that result in loss of human life. However, concern related to X-Ray radiation may restrain overall market growth in the years to come. X-Ray security scanner market is segmented based on product type, end-user, and region.

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Baggage scanner, body scanner, and others could be explored in X-Ray security scanner in the forecast period. The body scanner sector accounted for the substantial market share of X-Ray security scanner and is estimated to continue its dominance in the years to come.

The market could be categorized based on end-users like postal items, air transport, government & banks, land security, commercial malls & multiplexes, and others that could be explored in the forecast period. Air transport sector accounted for the substantial market share of X-Ray security scanner and is estimated to lead the overall market in the years to come. The reason could be developing infrastructure with the latest technology and high investment by countries across the globe on airport infrastructure. Also, commercial mall & multiplexes sector is estimated to grow at the fastest pace in the years to come.

Globally, North America accounted for the substantial market share of X-Ray security scanner and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be higher expenditure on security measures, the presence of key manufacturers in this region, and high demand from defense and government sector. The United States and Canada are the major consumers of x-ray security scanner in this region.

Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The aspects that may be ascribed to the growth comprise government initiatives like high funding for developing enhanced airport infrastructure, growing middle-class populace, and developing infrastructure in developing countries like India and China.

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The key players of X-Ray security scanner market are TELEDYNE ICM, Astrophysics, Inc., Smiths Detection Inc., ADANI, Kromek Group plc, Eurologix Security Group, Gilardoni S.p.A., L3 Security & Detection Systems, OSI Systems, Inc., and NUCTECH COMPANY LIMITED. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

Bag Filter Market Size, Share, Trend & Growth till 2023

7 Aug 2019 – The Global Bag Filter Market is projected to grow at a CAGR of 4.53% during the forecast period. Bag filters are devices that enable industries to investigate air pollution levels and keep it under control. It is a multi-layered device resulting in filtration and air segregating air pollutants. It has a higher capacity to segregate particles usually on the internal surface with respect to industrial application. Commercially, bag filters deal with air volumes and have a higher efficiency for removal of dust.

The driving factors for market are rise in technological advances and compliance levels. Bag filters are preferred due to their features such as greater efficiency, cost effectiveness and versatility. Rise in industrialization and urbanization is most likely to stimulate the market growth during the forecast period.

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Bag filter market is segmented by material into nylon, propylene, porous PTFE and polyester. Bag filter market is segmented by media into pleated, woven and nonwoven bag filters. End-user segment for bag filter market comprises petrochemicals, food processing, cement and mineral industry.

Geographical segmentation for the market comprises North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions are most likely to present a higher CAGR during the forecast period owing to the presence of key players and technological advances. North America and Europe market is expected to grow at a significant CAGR during the forecast period due to rise in commercial industries and government regulations. Industrialization and urbanization are driving the North America market at present.

Middle East and African market are gaining a higher traction due to rise in air pollution and increase in pollution levels. Industrial corridor witnesses an upper traction due to rise in number of coal fired plants and increasing awareness pertaining to airborne infections.

The key players profiled in the bag filter market comprises Donaldson Company Inc, Pall Corporation, Thermax Ltd, BWF Envirotec, Eaton Corporation Plc, Rosedale Products Inc, Shanghai Filterbag Factory Co Ltd and GE Appliances.

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Report contents include

• Analysis of the bag filter market including revenues, future growth, market outlook
• Historical data and forecast
• Regional analysis including growth estimates
• Analyzes the end user markets including growth estimates.
• Profiles on bag filter including products, sales/revenues, and market position
• Market structure, market drivers and restraints.

Industrial Belt Drives Market 2025| Global Industry Overview, Key Players & Market Status

30 May 2019 – The Global Industrial Belt Drives Market is expected to display higher growth rate over the next five years. Rapid surge in the industrial belt drives market is credited to the rising investments towards modernization of manufacturing plant facilities. Growing automotive sector coupled with wide range application of variable speed belts in industrial processes are some of the prominent factors for market growth. Globally, market is predicted to generate massive revenue over next five years, providing numerous opportunities for market players to invest for research and development in the industrial belt drives market.

Increasing investment by industrial manufactures to improve overall productivity and limit downtime in end-users market segment is expected to boost the growth of the market in the upcoming years. Growing manufacturing and automotive sector in the Asia Pacific region, particularly in the developing economies such as India and China are estimated to drive the market growth in the near future. Rising focus towards modernization and automation of various industrial process to ensure streamlined, efficient, and faster approach is projected to positively influence market progress of industrial belt drives.

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Shifting trends towards increasing adoption of industrial belt drives in the manufacturing industries is attributed to factors such as flexibility and adaptability for every distributor operation and any drive. Additionally, easy availability of industrial belt drives with broad product range that allows transmission of variable load power is expected to favor market growth. Some of the benefits of industrial belt drives include different of orientations such as horizontal, vertical or inclined and independent operational capabilities. These factors plays a major role for boosting the growth of industrial belt drives market in the upcoming years.

Market segment by Type, the product can be split into

• ZV
• CV
• CR
• CL

Market segment by Application, Industrial Belt Drives can be split into

• Agricultural
• Mining
• Mechanical Industry
• Other

Industrial machinery segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of industrial belt drives in the industrial machinery segment is attributed to the increasing manufacturing activities in North America and Asia Pacific region. The material handling industry segment has also witnessed substantial growth due to increasing adoption of conveyor systems and growing demand for power transmission equipment.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in manufacturing sector, surge in number of research & development activities in the region and existence of well-established industrial infrastructure.

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Asia-Pacific region is estimated to hold major share in the market with massive growth in forecast period. Countries such as India, China, Japan and Singapore are leading the Asia-Pacific market with strong economic growth, rising manufacturing activities, and significant investment by leading industry players considering potential growth opportunities in the region.

The major manufacturers covered in this report

• ContiTech
• Dayco
• Fenner
• Gates
• Optibelt
• B&B Manufacturing
• Belt
• Brammer
• Hutchinson
• Jason Industrial
• Pix Transmission

Land Seismic Equipment Market 2028 : Competition by Mergers & Acquisitions, Expansion

22 April 2019 – Global Land Seismic Equipment Market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. The factors that are playing a major role in the market growth of land seismic equipment are the rise in oil costs, the growth in production and exploration activity, and the high demand from end-users. However, the reduction in investments in oil & gas companies. Land seismic equipment industry is segmented based on component, technology, end-user, location, and others.

Services, hardware, software, and other components could be explored in land seismic equipment market in the forecast period. Services sector comprises customer support, survey design services, after sales services, consultation services, and advisory services. Hardware sector accounted for the significant market share of land seismic equipment and is estimated to lead the overall market in the years to come. The sector comprises detectors like geophones, hydrophones, and seismic sources like dynamite, vibroseis, and air gun.

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The key players of land seismic equipment industry: ION Geophysical Corporation, CGG, FairfieldNodal, Mitcham Industries, Inc., Schlumberger Limited, Geospace Technologies Corporation, China National Petroleum Corporation, Wireless Seismic, Inc., and BGP Inc. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

Market split by Type, can be divided into:

• 2D Seismic Equipment
• 3D Seismic Equipment

The 3D sector accounted for the substantial share of land seismic equipment industry and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could the rising demand for assembling seismic data. Also, the 4D sector is estimated to grow at the highest CAGR in the years to come.

Market split by Application, can be divided into:

• Government Department
• Business Sector
• Industrial Sector

The market may be categorized based on end-users like oil & gas, energy industry, mining industry, construction industry, and others that could be explored in land seismic equipment in the forecast period. The oil & gas sector accounted for the significant share of land seismic equipment market and is estimated to continue its dominance in the years to come.

Based on location, the offshore and onshore sector could classify land seismic equipment industry in the forecast period. The offshore sector is estimated to grow at the significant CAGR in the years to come.

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Globally, North America accounted for the significant share of land seismic equipment market and is estimated to lead the overall market in the forecast period. The reason behind the overall market growth could be the rise in oil production and exploration activity. The United States is a major consumer of land seismic equipment in the forecast period.

Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of land seismic equipment in this region.

Feeding and Accumulating Systems Industry: Future Demand, Market Analysis & Outlook to 2023

22 April 2019 – Global Feeding and Accumulating Systems Market is estimated to grow considerably in the coming years due to the high adoption of automation in various industries. Feeding and accumulating systems are the bulk machineries that line-up the assembled bottles by either a bulk bottle unscrambler, large depalletizer, or simply by a rotary feed table. They help the bottles to fill with any type of content, capped, labelled, etc. until the end of packaging line. These machineries operate with the help of sensors installed on the conveyor line. They sometimes also use the photoelectric sensors to detect the objects.

The reasons for the growth of feeding and accumulating system market include an increase in demand from food and beverage industry, a rise in demand from consumers for bottled beverages, the rise in disposable income of consumers, and rise in investments by private sector for technological innovations of the systems. However, the significant cost of installation of the machinery and high maintenance of feeding and accumulating systems is hampering the market growth.

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The major players in feeding and accumulating systems market: Beumer Group, Toyota Industries Corporation, Kion Group AG, Busch Machinery, Hyster-Yale Material Handling, Inc., Daifuku Co., Ltd., Jungheinrich AG, Knapp AG, Murata Machinery, John Bean Technologies (JBT) Corporation, Kuka AG, Hanwha Corporation and Fives among others.

An increase in demand from various industries like chemical, pharmaceuticals, and construction is an emerging trend in the feeding and accumulating systems market. The introduction of new flavoured beverages in soft drinks and energy drinks and emergence of new companies in various industries are the opportunities for the market.

Type:

• Bottle and Can Depalletizing Machine
• Material Filling Machines
• Others

Application:

• Construction Materials
• Mineral
• Chemical Industries
• Food Industry
• Others

The food industry is expected to hold a substantial share of the market in future due to the explosive demand for food on the global scale. This high demand is attributed to increasing population and growing urbanization.

Geographically, market is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America and South America are expected to dominate the market due to demand from different applications. Further, Asia Pacific is also expected to lead the market due to developments in various industries.

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Aseptic Packing Machine Market Trends, Market Gains, and Industry Scenario during the Forecast Period 2018-2028

25 March 2019 – Global Aseptic Packing Machine Market is expected to witness a massive growth in the forecast period. Aseptic packing is a process/technique in which a food product, such as ultra-high temperature (UHT) milk and its package is pasteurized distinctly and is then combined and sealed under purified atmosphere. In comparison to this, canning is the procedure in which, both the item and packing are sealed as one unit and then heated to sterilize them in a composed form.

Aseptic packing helps in maintaining the freshness of the product and is available in microwavable kits, zipped pouches, to make it convenient for the consumers. This is one of the major factors that is propelling the growth of the aseptic packing machine market. Fruits, vegetables and food products are now being transported by making use of aseptic packing method globally. This not only helps in maximizing the quality and nutrition level of the product but also minimizes the storage issues and reduces the transportation cost. The demand for aseptic packing is increasing due to the upsurge in the urban population, growth of the parent industry, expansion of the dairy beverage market and the shift in consumer inclination against the use of food preservatives.

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Considering this, existing investors have now started investing more into this market and the manufacturers are being driven because of the huge investments. Another significant aspect that will help the aseptic packing machine market to grow in the near future is involvement of the new key players who are willing to give a huge hype to the market by developing new products and technologies and including electronic logistics processing.

Market split by Type, can be divided into:

• Semi-automatic Packaging Machines
• Full-automatic Packaging Machines

Market split by Application, can be divided into:

• Food and Beverages
• Pharmaceuticals
• Cosmetics

Geographically, China, Japan and India are witnessing a huge demand in this market, and this is pushing the manufacturers to expand their distribution network to these areas. The reason behind the progress of these regions is because of the requirements of healthy convenient products that is surging among the consumers. Followed by this, Europe is likely to experience a decent in the estimated tenure. In the near future, aseptic packing machine industry will continue to come up with new product innovations to attract new consumers and investors, for them to continue the domination.

The aseptic packaging machine market has been inculcating some innovative developments that not only preserves or protects the product but also ensures that the product can be converted into meals speedily without compromising on quality. All the leading companies are including mergers and acquisitions, partnerships and joint ventures to enhance the market growth efficiently.

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Leading players of Aseptic Packing Machine including:

• SIG
• Elecster
• Tetra Package
• IPI srl
• Visy
• Ecolean
• Bosch Packaging.
• Zhongya
• Hitesin
• BIHAI Machinery

Heavy Duty Conveyor Belts Market Sales, Price, Revenue, Gross Margin and Market Share 2028

20 March 2019 – Global Heavy Duty Conveyor Belts Market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. The conveyor is mechanical equipment exclusively used to move packages and other items without any manual efforts. Heavy duty conveyor belts are mainly compounded and designed to offer a longer service life for most bulk handling applications. These belts comprise flame retardancy and oil & temperature-resisting properties.

The factors that are playing a major role in the growth of heavy duty conveyor belts industry are the growing automotive and food industries, the rising use of enhanced technology, easy to install, cost-efficient, and the growing number of airports and malls in the developing regions. However, the presence of substitutes may restrain the overall market in the years to come. Heavy duty conveyor belts market is segmented based on type, cover thickness, material, application, and region.

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Market split by Type, can be divided into:

• Multiply Fabric Conveyer Belts
• Steel Cord Conveyor Belts
• Solid Woven Conveyor Belts

Based on the cover thickness, 2 ply flame retardant, 2 ply standard black heavy duty, 2 and 3 ply moderate oil resistance, 3 ply standard black heavy duty, 4 ply standard black heavy duty, and others could classify heavy duty conveyor belts in the forecast period. Based on the material, skeleton material and rubber could classify heavy duty conveyor belts market in the forecast period. The skeleton material comprises a steel wire or nylon.

Market split by Application, can be divided into:

• Mining
• Industrial
• Construction
• Transportation
• Oil & Gas
• Others

Globally, Asia Pacific accounted for the significant share of heavy duty conveyor belts industry and is estimated to lead the overall market in the years to come. The reason could be the developing infrastructure in urban areas like industries and malls, the rise in disposable income, and the rapid urbanization. The developing countries like India and China are the major consumers of heavy duty conveyor belts in this region.

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Europe and North America are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Europe is estimated to grow at the highest CAGR in the forecast period. England, Germany, and Italy are the major consumers of heavy duty conveyor belts in this region.

Leading players of Heavy Duty Conveyor Belts including:

• Continental AG
• Bridgestone
• Fenner
• Yokohama
• Zhejiang Double Arrow
• Sempertrans
• Bando
• Baoding Huayue
• Zhejiang Sanwei
• Shandong Phoebus
• Wuxi Boton
• Zhangjiagang Huashen
• HSIN YUNG
• Fuxin Shuangxiang
• Anhui Zhongyi
• QingDao Rubber Six
• Hebei Yichuan
• Smiley Monroe

Gas Compressors Market Overview 2028|Industry Segmentation by Application, Region and Type

11 March 2019 – The Global Gas Compressor Market is expected to display higher growth rate over the upcoming years. Rapid surge in the market is credited to the rapid advancement in oil & gas industry and shifting trend towards replacement of coal with gas for power generation across the globe. Increasing energy demand from developing economies such as India, China, Brazil and South Africa is expected to drive the growth of gas compressors market over the forecast period. Globally, market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of gas compressors.

Rising investment for natural gas-based power generation owing to the implementation of several environmental policies and energy diversification efforts is expected to fuel market demand for gas compressors over the coming years. Furthermore, increasing oil exploration activities in North America and Middle-East region is predicted to open up additional avenues for industry participants in the upcoming years. Growing preference towards power generation from eco-friendly fuel by developed and developing economies across the globe is projected to favor the market growth over the forthcoming years.

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A gas compressor is typically adopted for increasing the pressure of a gas by reducing its volume. Compression of gas causes temperature changes. Different types of gas compressors include positive displacement compressors and dynamic compressors. Positive displacement compressors are also sub-categorized between reciprocating and rotary compressors. While, dynamic compressors are divided among centrifugal compressors and axial compressors based axis of rotation.

Market split by Type, can be divided into:

• Centrifugal Type
• Reciprocating Type
• Screw Type
• Other

Market split by Application, can be divided into:

• Process Applications
• Industrial Applications
• Others

The gas compressors market is broadly categorized into major segments based on the application type such as oil & gas sector, steel industry, automobile sector, chemical industry, electronics sector, pharmaceutical industry, and petroleum & petrochemical refining sector. Oil & gas segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of gas compressors in oil & gas segment is attributed to the rising oil exploration activities across the North America and Middle-East region, and growing use of natural gas across industries such as the chemical, fertilizers and petrochemical industry.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in oil & gas industry, surge in number of research & development activities and existence of well-established industrial infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth.

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Asia-Pacific region is estimated to hold a major share in the gas compressors industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, growing preference towards eco-friendly fuel for power generation purposes, and significant investment by leading industry players considering potential growth opportunities in the region.

Leading players of Gas Compressors including:

• Burckhardt Compression
• Ariel
• Atlas Copco
• Ingersoll Rand
• GE
• Bauber
• HMS Group
• CHKZ LLC
• Other