Industries > Energy > Global Liquefied Natural Gas (LNG) Compressor Market Report 2019-2029

Global Liquefied Natural Gas (LNG) Compressor Market Report 2019-2029

Analysis by Application (Low Pressure Applications and Medium Pressure Applications), by Type (Horizontally-Split, Vertically Split Barrel and Axial Compressors), Company and Country Analysis and Forecasts

PAGES: 199
PRODUCT CODE: ENE0233
SUBMARKET: Energy Energy Energy Gas

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Market Definition:
• LNG compressors are oil-free compressors, mainly compressed natural gas with comparatively high pressure and high-risk level. To avoid contamination oil free lubrication is used between liner pistons.
• The growing demand for natural gas with changing energy consumption patterns is expected to drive Liquefied natural gas (LNG) compressor market globally.

Market Overview and Trends
• In May 2019, Baker Hughes (BHGE), a GE company, announced the development on the turbomachinery equipment supplying contract for the first phase of BP’s Greater Tortue Ahmeyim’s project.
• BHGE will provide the required technology for four compressor trains for gas liquefaction, expected to deliver 2.5 million tonnes of LNG per annum.

Market Dynamics:

Factors Influencing the Market Growth:
• Increase in demand for production globally
• Technological advancements associated with Liquefied Natural Gas (LNG) Compressor systems

Factors Restraining the Market Growth:
• High costs association with Storage and Equipment required

Market Segmentation 2019-2029:

Application
• Low Pressure Applications Market, 2019-2029
• Medium Pressure Applications Market, 2019-2029

Type
• Horizontally-split Systems Market, 2019-2029
• Vertically-split Barrel Systems Market, 2019-2029
• Axial Compressors Systems Market, 2019-2029

Geographic breakdown
Focused regional forecasts and analysis explore the future opportunities:
• North America Market, 2019-2029
• Latin America Market, 2019-2029
• Europe Market, 2019-2029
• Asia-Pacific Market, 2019-2029
• Middle East and Africa Market, 2019-2029

Competitive Analysis:
• Product development is one of the key strategies undertaken by key players in the market.
• Various agreements and collaborations between market players are anticipated to provide lucrative growth opportunities in the market.

Major Market Players:
• Key company profiles such as Seimens, Mitsubishi Heavy Industries, EagleBurgmann, General Electric Company, Elliott Company, Kobelco Compressors America Inc., and IMW Industries Ltd are also provided in the report.

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