The global gas jet compressor market size will scale up from USD 3,024.9 million in 2024 to USD 4,697.5 million in 2034. Manufacturers are extensively looking for solutions to enhance operational efficacy, which is being fulfilled by gas jet compressors. A 4.5% CAGR is estimated for the industry from 2024 to 2034.
Natural gas infrastructure is expanding globally. Gas jet compressors play a crucial role in maintaining and developing this infrastructure globally. Gas jet compressor market players are using these compressors for the compression of gas and transporting it via distribution networks, storage facilities and pipelines. Long-distance safe transportation of natural gas is thus ensured, making them popular in the industrial automation sector.
The scaling demand for compression solutions that are both energy-efficient and cost-effective is attracting the key manufacturers in this industry. Market players are making extensive research and developments towards innovative compression technology for both natural gas and hydrogen related applications.
Gas jet compressors assist companies in achieving sustainability goals by lowering emissions, increasing energy efficiency, and facilitating the switch to greener energy sources like biogas and hydrogen.
Gas jet compressor manufacturers manage their operations through the use of predictive maintenance algorithms, modern control systems, and remote monitoring features. These measures help to maximize performance, minimize downtime, and boost overall efficiency.
Among all regions, the North America gas jet compressor industry accounts for a significant share in gas jet compressor demand. Regional players are drifting towards cleaner energy solutions, such as hydrogen and natural gas. To support safe and effective energy transportation and infrastructure development, gas jet compressors are required.
Players in the United States and Canada are using these compressors to reduce emission levels and achieve sustainability standards. Enhancing the production and exploration of oil and gas activities throughout these countries.
| Attributes | Details |
|---|---|
| Valuation in 2024 | USD 3,024.9 million |
| Valuation in 2034 | USD 4,697.5 million |
| CAGR from 2024 to 2034 | 4.5% |
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Offering Customizations in the Compressors to the End Users
Gas jet compressor manufacturers are progressively offering modular and customizable solutions to meet the diverse needs of different industries. Modular designs facilitate system installation, maintenance, and scalability, while customization of compressors allows them to be tailored to specific operating conditions and needs.
Customization entails working closely with consumers to determine important parameters like operating conditions, pressure levels, and capacity before developing and producing unique solutions in accordance with those standards.
Manufacturers may guarantee that their compressor systems completely match the applications of end users by providing customized configurations, features, and functions. This leads to improved performance, efficiency, and user satisfaction.
Oil-free Compressors to Penetrate the Market, enhancing Investment Prospects
There is a notable increase in the gas jet compressor market growth rate owing to the demand for oil-free compressors. Oil-free compressors are being used by industries, especially those in delicate applications like food processing and pharmaceuticals, to guarantee the purity of the gas being compressed.
The 'Aerzen Turbo G5plus' series gas jet compressors are one type of oil-free compressor. These compressors are appropriate for situations where oil contamination is a problem. This includes the food and beverage sector or pharmaceutical manufacturing since they use innovative turbo technology to produce oil-free compression.
Upgradation Woes, Gas Jet Compressor Demand May experience a Blip given elevated Investment Expenditure
Adopting and upgrading the gas jet compressors is a major roadblock to the key players. This is taking place due to various reasons. Investing in new equipment requires higher initial costs and huge investments, becoming a significant challenge. Upgraded versions may include disruptions in operations and impede entry of the players to the global gas jet compressor market.
Another factor restraining the upgradation is unpredictability about the return on investment in terms of increased productivity or efficiency. Players, at times, face compatibility issues with the existing infrastructure due to a lack of expertise and trained personnel.
The gas jet compressor market size and growth potential historically reached a 4.2% CAGR. In 2023, the industry acquired a valuation of USD 2,894.6 million. With each passing day, use of gas jet compressors has extended to a wide range of sectors.
Key application areas include oil exploration and production, chemical processing plants, power plants, food processing plants, pharmaceutical manufacturing, HVAC (heating, ventilation, and air conditioning), and aerospace and defence.
| Attributes | Historical Data |
|---|---|
| CAGR from 2019 to 2023 | 4.2% |
| Valuation in 2019 | USD 2,464.8 million |
| Valuation in 2023 | USD 2,894.6 million |
Gas jet compressor manufacturers have historically concentrated on providing basic, off-the-shelf compressor products with minimal customization. These compressors lacked advanced functions or customized setups since they were intended for general-purpose uses.
Manufacturers prioritized cost-effectiveness and mass manufacturing above customization, which could fulfill end-user needs and enhance compressor performance for a range of industrial applications.
The use of artificial intelligence and machine learning have been gaining significance in the gas jet compressor market eventually. Players are developing advanced control systems with AI and ML in this industry.
This is aiding the players in optimizing compressor performance, predicting maintenance needs, and enhancing the system efficiency. Manufacturers are thus able to offer their consumers more energy-efficient and reliable solutions while reducing costs and operational downtime.
Principal Consultant
In this section, a comparative analysis will be drawn among two similar industries. The industries to be compared and analyzed are the industrial air compressor industry and refrigeration compressor industry.
The industrial air compressors industry, and refrigeration compressors industry are linked by common production techniques and technical developments. All industries gain from advances in compressor design, materials, and efficiency, which encourage industry cooperation as well as knowledge sharing.
Innovations in one field frequently spur innovations in another, which advances compression technology generally across a range of industries and applications.
Industrial Air Compressor Industry Assessment:
Increase in different kinds of industrial activities to spur the sales of industrial air compressors globally. In developing countries, such as Russia, India, and China, industrialization is gaining traction, and hence, the demand for these compressors is increasing.
The oil and gas sector is an important end-use area for industrial air compressors. This can be attributed to the need to support the transportation pipeline. Factors such as these are going to open up new opportunities for the market in the future.
| Attributes | Industrial Air Compressor Market |
|---|---|
| CAGR from 2024 to 2034 | 8.2% |
| Growth Factor | Adoption of advanced technologies to enhance the efficacy of the compressors. |
| Opportunity | The market for industrial air compressors is anticipated to rise steadily due to fast industrialization and increasing investment in mechanical equipment. |
| Trend | Since air compressors are widely used in pipelines for the transportation of gas and oil, demand for them in the oil and gas industry is significantly increasing. |
Refrigeration Compressor Industry Assessment:
The increasing number of retail outlets, expanding FMCG sector, and strengthening capabilities of cold chain facilities boost the demand for these compressors. These compressors are extensively used across retail food outlets, chemical, food and beverage, healthcare, transportation, and residential sectors. The global food insecurity along with food product exports are also supporting the sales of refrigeration compressors.
| Attributes | Refrigeration Compressor Market |
|---|---|
| CAGR from 2024 to 2034 | 3.6% |
| Growth Factor | Transportation of perishable products requires these compressors. |
| Opportunity | Over the projection period, it is expected that the FMCG industry's growth, the expansion of retail locations, and the development of cold chain capabilities will increase demand for refrigeration compressors and refrigerators. |
| Trend | The global refrigeration compressor market has significant development potential due to increased food insecurity and expanding food exports. |
In this section, an analysis will be drawn on the demand for gas jet compressors in a few of the key countries. This includes the United States, Canada, Germany, the United States and South Korea.
Out of these countries, the demand will be majorly from Canada, garnering a 4% CAGR during the forecast period. This is owing to the increasing sustainability standards and regulations in the country. The use of these compressors in the United Kingdom and South Korea has been almost the same, and the same growth rate is expected from these two countries during the forecast period.
Players in all of these countries are looking forward to developing more efficient compression technologies. This would support the various global transportation infrastructure projects and energy production initiatives.
| Key Countries Profiles | CAGR from 2024 to 2034 |
|---|---|
| The United States | 3.4% |
| Canada | 4% |
| Germany | 3.6% |
| The United Kingdom | 3.8% |
| South Korea | 3.8% |
The gas jet compressor ecosystem in the United States is set to gain a 3.4% CAGR through 2034. In the United States, a technology that is dominantly being used is computational fluid dynamics (CFD). This technology helps in the precise simulation and modeling of fluid flow within the gas jet compressors.
Players are utilizing computational fluid dynamics on a wide scale to improve the design and optimize effective compression systems. This helps the manufacturers as well as the end use industries in reducing their costs and improving efficiency.
Ariel Corporation, for example, has been using this technology for a long time to enhance its overall productivity. The cost-effectiveness of gas jet compressors compared to other compression technologies is gaining the attention of other key players.
The United Kingdom ecosystem is set to gain a 3.8% CAGR from 2024 to 2034. One of the main reasons gas jet compressors are used in the United Kingdom is that the natural gas transportation industry has to cut emissions and improve efficiency.
Innovative compressor solutions are offered by companies like as Dresser-Rand, a Siemens company, to serve the gas infrastructure in the United Kingdom. Effective compression technology is crucial for preserving the sustainability and dependability of the natural gas supply chain.
The role of gas jet compressors in a sustainable energy future enables a range of industrial and residential uses, given its dedication to lowering greenhouse gas emissions.
The demand for these compressors in South is going to achieve a 3.8% CAGR from 2024 to 2034. The role of gas jet compressors in hydrogen production and storage for clean energy applications is aiding growth in South Korea.
The country is making investments in hydrogen production, storage, and transportation as part of its strong commitment to renewable energy and hydrogen economy efforts. As the nation strives to become an international player in the hydrogen economy, gas jet compressors are essential for compressing hydrogen for a variety of uses, including fuel cell automobiles and industrial activities.
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This section analyzes two particular segments for the gas jet compressor market: the dominant compressor type and the significant industry. The two main segments discussed below are single-stage compressors and the oil and gas industry.
| Compressor Type | Single Stage Compressor |
|---|---|
| Market Share in 2024 | 58.9% |
Single stage compressor is going to acquire a 58.9% gas jet compressor market share in 2024. These compressors are going to be highly preferred by manufacturers due to their simplicity, low cost, and applicability to certain applications.
Compared to multi-stage compressors, single-stage compressors are simpler to set up, run, and maintain as they contain fewer moving parts. They are also ideal for applications with relatively moderate pressure needs when the advantages of multi-stage compression are outweighed by the ease of use and lower starting costs of single stage compressors.
| Industry Type | Oil and Gas Industry |
|---|---|
| Market Share in 2024 | 23.5% |
The use of these compressors to find a wide range of applications in the oil and gas sector, along with a 23.5% market share in 2024. The oil and gas industry is expected to utilize gas jet compressors extensively owing to their effectiveness in processing gas, moving it via pipelines, and storing it.
Gas jet compressors are essential for streamlining production procedures and guaranteeing the uninterrupted flow of gas throughout the industry's infrastructure due to their dependability and small size. They are progressively emerging as a favored option for augmenting operational effectiveness within the oil and gas sector.
Maximizing operational efficiency and meeting the ever increasing industrial demand across various sectors are the two factors that the players are focusing on. Manufacturers are developing these compressors for purposes including distributing, storing, transporting, processing, and extracting natural gas directly from the wellhead to the end user.
Players are trying to stand out in the global gas jet compressor market by utilizing expert manufacturing and design, unmatched and continuous customer support, and quality research and development initiatives. The growth of the oil & gas, chemical, and power generation industries driving demand for gas jet compressors and becoming a benefit for the players.
Manufacturers are vying for maximizing operational longevity, which in turn minimizes the compressor’s lifetime ownership costs. Startups, too are trying hard to enter the global gas jet compressor market via various strategies. Their focus is on cost-effective, compact, and efficient technologies and solutions.
Addressing the multiple drawbacks of traditional jet compressors, like environmental impact, maintenance requirements, and high energy consumption, is what the startups are doing at present.
With the aid of innovation, they are reducing operational costs, enhancing compression efficacy, and promoting various sustainable industrial practices. The rising cost of traditional compression technologies and the potential cost benefits of gas jet compressors is another factor startups are focusing on.
For example, Croll Reynolds established a pilot unit in 2023 to determine the optimal operating parameters for a plant production scale, including temperature, load, pressure, vacuum, flow rates, and kind of mist eliminator. The purpose of this was to establish the operational and design criteria for a large-scale production facility.
A 24-inch diameter Scrub-Vactor, a 12 square foot, type 22-A ARM plate type heat exchanger, a 112 square foot vapor-in-tube surface condenser with a condensate tank, an 11.4-inch gear pump with a steam turbine drive, a two-stage, noncondensing evactor are among the apparatus in the pilot plant.
Transvac Systems Limited has been establishing strong partnerships with a number of academic institutions and universities in the United Kingdom. This includes the University of Nottingham and the University of Southampton. The company tends to benefit from its research and development initiatives and provides industrial expertise to aspiring engineers.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.5% from 2024 to 2034 |
| Value in 2024 | USD 3024.9 million |
| Value in 2034 | USD 4697.5 million |
| Base Year for Estimation | 2023 |
| Historical Data | 2019 to 2023 |
| Forecast Period | 2024 to 2034 |
| Quantitative Units | USD million for value |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
Compressor Type, Pressure Range, Industry, Region |
| Region Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East & Africa |
| Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Leading Gas Jet Compressor Manufacturers | Spirax Sarco; Schutte & Koerting; GEA Group Aktiengesellschaft; Transvac Systems Limited; Körting Hannover GmbH; EST Venturi Systems; Forbes Marshall; Kadant Inc; Croll Reynolds |
| Customisation Scope | Available on Request |
The industry is classified into single-stage and multi-stage.
The report consists of pressure range like low pressure, medium pressure and high pressure.
The analysis is based on the industrial insights of oil exploration and production, chemical processing plants, power plants, food processing plants, pharmaceutical manufacturing, HVAC (heating, ventilation, and air conditioning), aerospace and defenseand others.
Analysis of the industry has been carried out in key countries of North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe, and the Middle East and Africa.
The industry is set to attain USD 4697.5 million by 2034.
The gas jet compressor ecosystem is poised to rise at a 4.5% CAGR through 2034.
Gas jet compressor sales rose at a 4.2% CAGR from 2019 to 2023.
Gas jet compressor sales in the United States will rise at a 3.4% CAGR through 2034.
Single-stage compressor to attain a 58.9% market share in 2024.
The oil and gas industry will use these compressors, yielding 23.5% revenue in 2024.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Compressor Type 6.2. Pressure Range 6.3. Industry 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Compressor Type 7.1. Single-Stage 7.2. Multi-Stage 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Pressure Range 8.1. Low Pressure 8.2. Medium Pressure 8.3. High Pressure 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Industry 9.1. Oil Exploration and Production 9.2. Chemical Processing Plants 9.3. Power Plants 9.4. Food Processing Plants 9.5. Pharmaceutical Manufacturing 9.6. HVAC (Heating, Ventilation, and Air Conditioning) 9.7. Aerospace and Defense 9.8. Others 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. South Asia 10.5. East Asia 10.6. Eastern Europe 10.7. Middle East & Africa 11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Sales Forecast 2024 to 2034 by Compressor Type, Pressure Range, and Industry for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Spirax Sarco 20.2. Schutte & Koerting 20.3. GEA Group Aktiengesellschaft 20.4. Transvac Systems Limited 20.5. Körting Hannover GmbH 20.6. EST Venturi Systems 20.7. Forbes Marshall 20.8. Kadant Inc 20.9. Croll Reynolds
Industrial Automation
May 2023
REP-GB-7040
333 pages
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Gas Jet Compressor Market
