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The global gas compressors market was valued at US$ 4.7 Billion in 2021.
We expect the global gas compressors market to exhibit a CAGR of 3.98% during 2022-2027.
The widespread adoption of gas compressors for the processing and transportation of renewable energy resources, such as natural gas, over long distances is primarily driving the global gas compressors market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary closure of numerous end-use industries for gas compressors.
Based on the compressor type, the global gas compressors market has been segmented into positive displacement compressor and dynamic compressor. Currently, positive displacement compressor holds the majority of the total market share.
Based on the end use industry, the global gas compressors market can be bifurcated into general manufacturing, construction, oil and gas, mining, chemicals and petrochemicals, power generation, and others. Among these, the oil and gas industry exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global gas compressors market include Ariel Corporation, Atlas Copco AB, Bauer Compressors Inc., Burckhardt Compression Holding AG, Exterran Corporation, Gardner Denver Inc., General Electric Company, Hitachi Ltd., Kobelco, and Siemens AG.
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