Product Code: ETC292824 | Publication Date: Aug 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India gas compressor market import shipments experienced robust growth with a CAGR of 16.6% from 2020 to 2024. The growth rate between 2023 and 2024 slightly moderated to 11.4%. The market continued to expand steadily during the period, reflecting a positive and upward trend in demand for gas compressors.
The India gas compressor market is experiencing significant growth, driven by the expansion of industries, including oil and gas, petrochemicals, and manufacturing. With the increasing demand for compressed gases for various applications, the need for reliable and efficient gas compressors has risen. Additionally, domestic manufacturers and gas compressor suppliers also contribute to the market, providing localized solutions and services. As India focuses on increasing domestic production and optimizing gas handling processes, the gas compressor market is expected to witness sustained expansion.
The India Gas Compressor market is witnessing significant growth due to the expanding oil and gas industry and the increasing demand for natural gas as a cleaner alternative to traditional fuels. Gas compressors play a vital role in the transportation and processing of natural gas, enhancing its usability across various sectors. Moreover, the government`s focus on energy security and infrastructure development has positively impacted the market`s prospects.
The India Gas Compressor market is expected to grow steadily owing to the expanding oil and gas, petrochemical, and power sectors in the country. Gas compressors play a crucial role in various industrial processes for gas transportation and processing. However, challenges such as volatile oil and gas prices, technological advancements in alternative energy sources, and environmental concerns over greenhouse gas emissions pose significant challenges to the gas compressor industry.
The gas compressor market in India has been experiencing steady growth, driven by the expanding oil and gas, petrochemical, and manufacturing sectors. Gas compressors play a crucial role in various industries for handling and transporting gases. Despite the challenges posed by the COVID-19 pandemic, the market has demonstrated resilience, and with the revival of industrial activities, demand for gas compressors is expected to rebound. The India government`s initiatives to promote domestic manufacturing and investments in the oil and gas sector are likely to further boost the gas compressor market`s prospects in the coming years.
Key players in the market, such as Atlas Copco AB, Ingersoll Rand Inc., and Siemens AG, offer a wide range of gas compressors, catering to different industrial needs.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Gas Compressor Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Gas Compressor Market Revenues & Volume, 2021 & 2031F |
3.3 India Gas Compressor Market - Industry Life Cycle |
3.4 India Gas Compressor Market - Porter's Five Forces |
3.5 India Gas Compressor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Gas Compressor Market Revenues & Volume Share, By Compressor, 2021 & 2031F |
3.7 India Gas Compressor Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 India Gas Compressor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for natural gas as a cleaner fuel alternative |
4.2.2 Growth in industrial activities and infrastructure development in India |
4.2.3 Government initiatives to promote the use of natural gas and improve energy security |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs of gas compressors |
4.3.2 Fluctuating prices of raw materials impacting manufacturing costs |
4.3.3 Technological advancements leading to the development of alternative energy sources |
5 India Gas Compressor Market Trends |
6 India Gas Compressor Market, By Types |
6.1 India Gas Compressor Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Gas Compressor Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Gas Compressor Market Revenues & Volume, By Oil Injected, 2021-2031F |
6.1.4 India Gas Compressor Market Revenues & Volume, By Oil Free, 2021-2031F |
6.2 India Gas Compressor Market, By Compressor |
6.2.1 Overview and Analysis |
6.2.2 India Gas Compressor Market Revenues & Volume, By Dynamic Compressor, 2021-2031F |
6.2.3 India Gas Compressor Market Revenues & Volume, By Positive Displacement Compressor, 2021-2031F |
6.3 India Gas Compressor Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 India Gas Compressor Market Revenues & Volume, By Construction, 2021-2031F |
6.3.3 India Gas Compressor Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.4 India Gas Compressor Market Revenues & Volume, By Mining, 2021-2031F |
6.3.5 India Gas Compressor Market Revenues & Volume, By Chemicals, 2021-2031F |
6.3.6 India Gas Compressor Market Revenues & Volume, By Power Generation, 2021-2031F |
6.3.7 India Gas Compressor Market Revenues & Volume, By Others, 2021-2031F |
7 India Gas Compressor Market Import-Export Trade Statistics |
7.1 India Gas Compressor Market Export to Major Countries |
7.2 India Gas Compressor Market Imports from Major Countries |
8 India Gas Compressor Market Key Performance Indicators |
8.1 Energy efficiency of gas compressors |
8.2 Adoption rate of natural gas in various industries |
8.3 Number of infrastructure projects utilizing gas compressors |
8.4 Research and development investment in gas compressor technology |
8.5 Environmental impact reduction achieved by gas compressor usage |
9 India Gas Compressor Market - Opportunity Assessment |
9.1 India Gas Compressor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Gas Compressor Market Opportunity Assessment, By Compressor, 2021 & 2031F |
9.3 India Gas Compressor Market Opportunity Assessment, By End User, 2021 & 2031F |
10 India Gas Compressor Market - Competitive Landscape |
10.1 India Gas Compressor Market Revenue Share, By Companies, 2024 |
10.2 India Gas Compressor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |