The regions covered in liquefied natural gas compressor report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. North America was the largest region in the liquefied natural gas compressor market in 2022. The liquefied natural gas compressor refers to the compressor that is used in the liquefaction of natural gas.Gas pressure is mechanically increased by natural gas compressors in stages (or steps) until it reaches the required delivery threshold.Ī compressor’s number of stages will depend on the initial pressure and the intended finishing pressure. The value of goods in this market includes related services sold by the creators of the goods. The liquefied natural gas compressor market consists of sales of LNG centrifugal compressors, off-gas compressors, regeneration gas compressors, refrigerant compressors, boil-off gas compressors, and end flash gas compressors.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The liquefied natural gas compressor market is expected to reach $4.97 billion in 2027 at a CAGR of 5.3%. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The global liquefied natural gas compressor market is expected to grow from $3.80 billion in 2022 to $4.04 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. Ltd., NEUMAN & ESSER GROUP, Atlas Copco AB, Burckhardt Compression AG, MOLGAS ENERGY S.A.U, Howden Group, and Sulzer Ltd. , Sundyne., IHI Rotating Machinery Engineering Co. 02, 2023 (GLOBE NEWSWIRE) - announces the release of the report "Liquefied Natural Gas Compressor Global Market Report 2023". Ltd., Elliott Group, Kobelco Compressors America Inc., IMW Industries Ltd. Major players in the liquefied natural gas compressor market are EagleBurgmann, General Electric, Siemens AG, Mitsubishi Heavy Industries.
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