A gas compressor can be described as a device that helps reduce the volume of a gas to raise its pressure. A gas air compressor can also be classified as such. Compressor parts as well as pumps are widely considered to be similar in nature. Both of them have the ability to raise the pressure put on a liquid and enable the fluid to flow through a pipe for transportation purposes. Since gases can also be compressed, a natural gas compressor lowers its volume. A CNG compressor is utilized for a wide variety of applications like transportation of compressed natural gas through a pipeline, compressing gases in petroleum refineries as well as chemical plants, and numerous manufacturing processes. Thus, the CNG Compressor Market is in an excellent position to register a strong amount of growth during the forecast period of 2016-2021.
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Scope & Regional Forecast of the CNG Compressor Market
The CNG Compressor Market reckons that rising sales and usage of vehicles powered by compressed natural gas will be one of the biggest factors behind future growth. Vehicles which run on natural gas compression have found to result in relatively less pollution and are easier on the environment. CNG compressor manufacturers have also witnessed that a reduction in operating expenses and lower vehicle emissions are leading to more vehicle owners adopting this technology in the car and commercial fleet sectors. Leading automotive manufacturers have also been eager to provide conversion systems to make sure that warranty is not affected during installation.
Various government initiatives have also played a vital role in urging the public to adopt natural gas powered vehicles. Such initiatives have also made natural gas usage cheaper than diesel or gasoline. Rising adoption has also lead to opening up of several new fuel stations providing CNG. The adoption is not restricted of automotive alone as two-wheelers are also seeing strong adoption rates. The latest natural gas compressor models have been found to be safe and cost-effective when it comes to two-wheeler usage.
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Segmentations & Key Players Involved in the CNG Compressor Market
The CNG Compressor Market can be broken down into various segments as follows:
Geography: China and Rest of the World.
Some of the key players involved in the CNG Compressor Market are as follows:
- Atlas Copco
- Ariel Corporation
- BAUER Compressors
- Clean Energy Compression
- Ingersoll Rand
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