North American Centrifugal Compressor Market to 2027 – Featuring General Electric, Atlas Copco and Hitachi Among Others – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “North America Centrifugal Compressor Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027)” report has been added to ResearchAndMarkets.com’s offering.

The centrifugal compressor market in North America is expected to grow at a CAGR of more than 3% during the forecast period of 2020-2025.

Key Market Trends

Oil and Gas Sector to Dominate the Market

• Compressors are used in different applications in the oil & gas industry, such as hydrocarbon blanketing, nitrogen compression, and a compression station. Multiple applications in the industry are creating considerable demand in the future.
• In 2019, the United States International Development Finance Corporation planned to finance a USD 632 million natural gas pipeline in southern Mexico. The project is expected to drive the need for centrifugal compressors in the forecast period.
• The production of natural gas increased to 1128 bcm in 2019. With upcoming exploration activities, the production is likely to grow and drive the market of centrifugal compressors.
• Moreover, in Mexico, the construction of the Dos Bocas 340,000-bpd refinery commenced in mid-2019 and is expected to be completed by 2022. The refinery is expected to drive the need for centrifugal compressors in the forecast period.
• The growing oil and gas midstream market especially developing city gas distribution projects, is expected to drive the demand of centrifugal compressors in the oil and gas industry

The United States to Dominate the Market

• The industrial sector, which includes mining, manufacturing, agriculture, and construction, accounts for the largest share of energy consumption of any end-use sector and creates a considerable market for centrifugal compressors.
• In 2019, the United States generated 1700 TWh of electricity from natural gas plants, which is a significant applicant of centrifugal compressors.
• In 2019, the United States had more than 134 active gas pipeline projects. Most of the projects are expected to be operational in the forecast period, driving the centrifugal compressor market considerably.
• Government initiatives to expand the industrial sector, especially in the United States, are expected to boost the demand for centrifugal compressors over the forecast period.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET OVERVIEW

4.1 Introduction

4.2 Market Size and Demand Forecast in USD billion, till 2025

4.3 Recent Trends and Developments

4.4 Government Policies and Regulations

4.5 Market Dynamics

4.5.1 Drivers

4.5.2 Restraints

4.6 Supply Chain Analysis

4.7 Porter’s Five Forces Analysis

5 MARKET SEGMENTATION

5.1 End-User

5.1.1 Oil and Gas

5.1.2 Power Generation

5.1.3 Chemical

5.1.4 Others

5.2 Geogrpahy

5.2.1 The United States

5.2.2 Canada

5.2.3 Rest of North America

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Strategies Adopted by Leading Players

6.3 Company Profiles

6.3.1 General Electric Company

6.3.2 Atlas Copco Ltd

6.3.3 Campbell Hausfeld LLC

6.3.4 Hitachi, Ltd.,

6.3.5 Ingersoll-Rand plc,

6.3.6 Gardner Denver, Inc

6.3.7 Kaeser Compressors Inc

6.3.8 Bauer Compressors Inc

6.3.9 Boge Compressors Ltd

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/w8iq4u

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