Positive Displacement Gas Compressor Market Size

Positive Displacement Gas Compressor Market Size

Positive Displacement Gas Compressor Market size exceeded USD 3 billion in 2020 and is estimated to expand at over 5% CAGR between 2021 and 2027. The industry shipments are set to cross 283,263 units by 2027. Favorable trends associated with oil & gas sector will augment the industry growth.

To reduce the dependency on fossil fuels and increased usage of other eco-friendly sources such as hydrogen within industrial production processes is supporting the positive displacement gas compressor demand.

Rising natural gas production across the globe will trigger the adoption of these compressors. Global natural gas production increased by nearly 25% from 2010 to 2019. Many countries are continuously trying to find new gas reserves to increase natural gas production capabilities. Moreover, these countries are making huge investments to boost natural gas production.

Positive displacement gas compressors are comparatively expensive than industrial air compressors due to the complexity of the structure. Additionally, maintenance and repair costs associated with gas compressors are significantly high. This may negatively influence the positive displacement gas compressor industry demand. Many manufacturers are continuously investing in research & development activities to improve the capabilities of these compressors while minimizing the production costs.