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Market Synopsis of CNG Compressor MarketMarket Scenario
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: Large-scale application of CNG in recent times is one of the primary factors driving the CNG Compressor Market. The demand for CNG and CNG compressor are complimentary to each other. Recent surge in the Oil and Gas market is expected to have a positive impact on the CNG compressor market. CNG being relatively cheaper as compared to petrol and diesel has widely been preferred fuel to curb the ever increasing demand for Oil&Gas.
North America is the leading market for CNG Compressor market mainly due to the aging infrastructure bringing out the need for onshore and offshore exploration activities. Asia-Pacific is another significant region with ever increasing demand for energy and technological development pushing the demand in this region.
Global CNG Compressor Market – Overview:
The Global CNG compressors market is expected to grow steadily during the forecast period registering a significant rate of CAGR by 2027. The increased numbers of natural gas vehicles is one of the major factors impacting the growth of The Global CNG compressors Market during the forecast period – 2016 – 2027. The adoption of natural gas vehicles in the passenger car segment and commercial fleets will get extended with the low operating cost and reduced vehicular emissions.
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Key Players
Some of the key players in the CNG Compressor market are Ariel Corporation, Atlas Copco, P.C. McKenzie Company, Ingersoll Rand, Sauer Compressor, J-W Energy, BAUER, CIMC ENRIC, Wärtsilä
Segments
The CNG Compressor market has been segmented on the basis of technology as positive displacement compressor and dynamic compressors. On the basis of application the market has been segmented as Commercial, Residential and Industrial.
Global CNG Compressor Market – Synopsis & Scenario
Large-scale application of CNG in recent times is one of the primary factors driving the CNG Compressor market. The demand for CNG and CNG compressor are complimentary to each other. Recent surge in the Oil and Gas market is expected to have a positive impact on the CNG compressor market. CNG being relatively cheaper as compared to petrol and diesel has widely been preferred fuel to curb the ever increasing demand for Oil &Gas. Hence the market for CNG compressor is expected to grow at a considerable rate of CAGR (2016-2027).
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Large-scale application of CNG in recent times is one of the primary factors driving the CNG Compressor market. The demand for CNG and CNG compressor are complimentary to each other. Recent surge in the Oil and Gas market is expected to have a positive impact on the CNG compressor market. CNG being relatively cheaper as compared to petrol and diesel has widely been preferred fuel to curb the ever increasing demand for Oil &Gas. Hence the market for CNG compressor is expected to grow at a considerable rate of CAGR (2016-2027).
CNG Compressor Market Regional Analysis
North America is the leading market for CNG Compressor market mainly due to the aging infrastructure bringing out the need for onshore and offshore exploration activities.
Asia-Pacific is another significant region with ever increasing demand for energy and technological development pushing the demand in this region.
Key questions answered in this report
• What will the market size be in 2027 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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