Global Gas Compressors Market Expected to Reach USD 6.9 Billion by 2033 - IMARC Group

Global Gas Compressors Market Statistics, Outlook and Regional Analysis 2025-2033

The global gas compressors market size was valued at USD 5.1 Billion in 2024, and it is expected to reach USD 6.9 Billion by 2033, exhibiting a growth rate (CAGR) of 3.4% from 2025 to 2033.

The global gas compressors market is experiencing robust growth driven by the rise in natural gas production and consumption across developed and emerging economies. According to reports, the overall natural gas consumption in the United States was 32.50 Tcf, which was about 36% of the country’s total energy consumption (TPE). This is further fueled by the increasing shift toward cleaner energy alternatives to meet global sustainability goals, aiding the market growth. Moreover, natural gas is preferred over coal and oil in power generation and industrial applications, boosting the market expansion. In line with this, the demands for efficient gas compressors to process, transport, and store these resources is impelling the market growth. Additionally, the expansion of oil and gas exploration activities, especially in unconventional reserves such as shale formations, is significantly contributing to the market expansion. Furthermore, in the midstream and downstream operations, these devices play a critical role in compressing gases for enhanced recovery and transportation, thus driving the market demand. Apart from this, growing investments in liquefied natural gas (LNG) infrastructure is facilitating the demand for gas compressors, as they are pivotal in liquefaction and regasification processes, which is providing an impetus to the market growth.

Concurrently, rapid industrialization in developing countries has augmented the need for gas compressors in various industries, including chemical manufacturing, petrochemicals, and food processing, as compressed gases are integral to production processes. In line with this, rising urbanization and infrastructure development drive the construction and energy sectors, fueling the demand for compressors in heating, ventilation, and air conditioning (HVAC) systems and power plants, thus aiding the market growth. Besides this, increasing environmental regulations are encouraging energy efficiency and reduced emissions. This has led to the development of advanced, energy-efficient compressors, that appeal to industries aiming to minimize their carbon footprint, providing an impetus to the market. Moreover, ongoing technological advancements, such as the integration of the Internet of Things (IoT) and artificial intelligence (AI) for predictive maintenance and enhanced operational efficiency, have attracted industries seeking to improve productivity and reduce downtime. Apart from this, the rising shift toward renewable energy (RE) sources, including hydrogen production and distribution, is acting as another growth-inducing factor as it is vital for hydrogen compression storage and transportation.

Global Gas Compressors Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share on account of rapid industrialization, expanding chemical production, and increasing oil and gas exploration.

North America Gas Compressors Market Trends:

The demand for gas compressors in North America is primarily driven by the increased extraction of shale gas, the development of carbon capture and storage, along with an increasing demand in green energy. Moreover, higher use of compressor applications results from continued industrial automation and the establishment of gas-based power plants, which is driving the market demand.

Asia-Pacific Gas Compressors Market Trends:

In Asia Pacific, the demand for gas compressors is expanding due to the increasing focus of the region in the RE and hydrogen economy projects. In addition, hydrogen is produced in countries like Japan, South Korea, and China, and is distributed in various applications for storage and transportation of hydrogen. For instance, South Korea is planning the implementation of the Hydrogen Economy Road map to achieve the target of 6.2 million fuel cell electric vehicle and 1200 refueling station by 2040. Furthermore, the increasing trends of small-scale LNG projects across the remote regions, align with the independent requirements. Apart from this, the rising interest in the application of compressed gases in new industries such as electronics manufacturing and the pharmaceutical industry is propelling the market forward.

Europe Gas Compressors Market Trends:

The demand for gas compressors in Europe is driven by the high environmental standards, ongoing construction of hydrogen-related infrastructure, and transition of energy blend towards sustainability. The increase in industrial uses in chemical and automotive industries, along with investments in LNG terminals to de-emphasize reliance on imported energy is supporting the market growth.

Latin America Gas Compressors Market Trends:

In Latin America, the demand for gas compressors is rising due to the increasing number of exploration activities in offshore areas and the growing investments in the petrochemical sectors. Additionally, the increasing utilization of gas compressors in the fertilizers industry, along with the increasing demand for efficient energy solutions in emerging markets is providing an impetus to the market.

Middle East and Africa Gas Compressors Market Trends:

The demand for gas compressors in the Middle East and Africa is expanding, driven by the support of massive upstream activities in the oil and gas industry, growing investments in refining and petrochemicals, and a shift towards LNG export. Apart from this, the increasing trend toward industrial diversification and the construction related to energy-efficient infrastructure are thereby catalyzing the market growth.

Top Companies Leading in the Gas Compressors Industry

Some of the leading gas compressors market companies include Ariel Corporation, Atlas Copco AB, Bauer Compressors Inc., Burckhardt Compression Holding AG, Exterran Corporation, Gardner Denver Inc., General Electric Company, Hitachi Ltd., Kobelco, Siemens AG, among many others.

• In September 2024, Hitachi Global Air Power announced the Expansion of Oil Free Air Compressor Line with Sullair DS280-450, significantly boosting the gas compressor market by addressing the growing demand for efficient, eco-friendly solutions across industries.
• In May 2024, Ariel Corporation unveiled advanced compression technologies at the May 2024 ACT Expo, emphasizing innovative solutions for CNG, renewable natural gas (RNG), and hydrogen applications, supporting advancements in the renewable energy mobility sector.

Global Gas Compressors Market Segmentation Coverage

• On the basis of the compressor type, the market has been bifurcated into positive displacement compressor and dynamic compressor, wherein positive displacement compressor represents the leading segment because it fulfills high-pressure functions effectively. Their adaptability in compressing gases for natural gas processing, HVAC systems, and industrial productions is bolstering the market growth.
• Based on the end use industry, the market is classified into general manufacturing, construction, oil and gas, mining, chemicals and petrochemicals, power generation, and others, amongst which oil and gas dominate the market due to the need to develop natural gas and the improvement in the technologies on recovery. Gas compressors are necessary for the exploration, production, storage, and transportation of gas, which promotes the adoption of this gas, thereby impelling the market growth.