CNG Compressors Market, By Type, By Lubrication Method, By End User, By Geography

Description

The CNG compressors market size is expected to reach US$ 5.15 Bn by 2030, from US$ 3.79 Bn in 2023, exhibiting a compound annual growth rate (CAGR) of 4.5% during the forecast period.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023/2024:	US$ 3.79 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023/2024 to 2030/2031 CAGR:	4.50%	2030/2031 Value Projection:	US$ 5.15 Bn

Figure 1. CNG Compressors Market Share (%), By Region, 2023

CNG compressors are used to pressurize natural gas to make it suitable for storage and use in vehicles or for distribution through pipelines for various applications, including industrial, residential, and commercial.

The market for CNG compressors is experiencing significant growth due to the increasing demand for compressed natural gas (CNG) as a cleaner and more sustainable alternative to traditional fuels.

CNG is gaining popularity as a fuel for various applications, including transportation, power generation, and industrial processes, due to its lower emissions and cost-effectiveness. This has led to an increase in the demand for CNG compressors, as they are necessary for compressing natural gas into a form that can be easily transported and stored.

Market Dynamics:

The market for CNG compressors is driven by several factors, including the increasing adoption of CNG as a fuel, stringent government regulations to reduce emissions, and the growing demand for sustainable energy solutions. Rising awareness about the environmental benefits of CNG and the need to reduce dependence on fossil fuels are also contributing to the market growth.

However, there are certain challenges that the market faces, such as the high initial cost of CNG compressors, limited infrastructure for CNG refueling stations, and the availability of alternative fuels. These factors can hinder the widespread adoption of CNG compressors, especially in regions with underdeveloped CNG infrastructure.

Despite these challenges, the market presents significant opportunities for growth. Increasing investments in the development of CNG infrastructure, advancements in compressor technologies, and the rising demand for CNG in emerging economies are expected to drive the market in the near future.

Key Features of the Study:

This report provides in-depth analysis of the CNG compressors market, including market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), with 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the CNG compressors market based on parameters such as company highlights, product portfolio, key highlights, financial performance, and strategies
Key companies covered in this study include Atlas Copco, Ariel Corporation, Siemens Energy, Galileo Technologies, Bauer Compressors, Ingersoll Rand, ANGI Energy Systems, Bauer Group, Clean Energy Compression, CIMC Enric Group , J W Energy Company, Elliott Company, C&B Pumps and Compressor LLC, GE Oil & Gas, and Associated Compressor Engineers
Insights from this report would allow marketers and management authorities to make informed decisions regarding future product launches, technology upgrades, market expansion, and marketing tactics
The CNG compressors market report caters to various stakeholders in the industry, including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the CNG compressors market

CNG Compressors Market Detailed Segmentation:

By Type:
- Reciprocating Compressors
- Rotary Screw Compressors
- Rotary Centrifugal Compressors
- Others
By Lubrication Method:
- Lubricated
- Oil-Free
By End User:
- Natural Gas Refueling Stations
- Automotive Industry
- Industrial Sector
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Top Companies in CNG Compressors Market:
- Atlas Copco
- Ariel Corporation
- Siemens Energy
- Galileo Technologies
- Bauer Compressors
- Ingersoll Rand
- ANGI Energy Systems
- Clean Energy Compression
- CIMC Enric Holdings Limited
- J W Energy Company
- Elliott Company
- C&B Pumps and Compressor LLC
- GE Oil & Gas.
- Associated Compressor Engineers

Product Code: CMI6196

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- CNG Compressors Market, By Type
- CNG Compressors Market, By Lubrication Method
- CNG Compressors Market, By End User
- CNG Compressors Market, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Increasing demand for natural gas as a clean fuel
Stringent emission norms
Preference over gasoline and diesel
Supportive government initiatives
- Restraints
High compression cost
Lack of standardization
Emergence of battery powered electric vehicles
- Opportunities
Shale gas boom across North America
Development of small scale LNG infrastructure
Leveraging biogas potential through upgrading
Integration of IoT and Industry 4.0
Key Highlights
Regulatory Scenario
Recent Trends
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Mergers, Acquisitions, and Collaborations

4. CNG Compressors Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. CNG Compressors Market, By Type, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Reciprocating Compressors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Rotary Screw Compressors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Rotary Centrifugal Compressors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)

6. CNG Compressors Market, By Lubrication Method, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
Lubricated
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Oil-free
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)

7. CNG Compressors Market, By End User, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023and 2030 (%)
- Y-o-Y Growth Analysis, 2018- 2030
- Segment Trends
Natural Gas Refueling Stations
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Automotive Industry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Industrial Sector
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)

8. CNG Compressors Market, By Region, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, By Sub-region, 2023and 2030 (%)
- Y-o-Y Growth Analysis, For Sub-region, 2018-2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Lubrication Method, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Lubrication Method, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
Germany
U.K.
France
Spain
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Lubrication Method, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
China
India
Japan
South Korea
ASEAN
Australia
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Lubrication Method, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Lubrication Method, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Sub-region, 2018-2030,(US$ Bn)
GCC Countries
Israel
South Africa
Central Africa
North Africa
Rest of Middle East

9. Competitive Landscape

Company Profile
- Atlas Copco
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
- Ariel Corporation
- Siemens Energy
- Galileo Technologies
- Bauer Compressors
- Ingersoll Rand
- ANGI Energy Systems
- Clean Energy Compression
- CIMC Enric Holdings Limited
- J W Energy Company
- Elliott Company
- C&B Pumps and Compressor LLC
- GE Oil & Gas
- Associated Compressor Engineers
- Analyst Views

10. Section

References
Research Methodology
About us