CNG COMPRESSORS MARKET ANALYSIS

Market News

Recent Developments:

New product launches

• (WO) – INNIO* Group designs and manufactures gas engines and cogeneration modules and Detechtion Technologies is a leader in real-time asset performance management solutions for Energy companies, together released the first release of the SKIDIQ product suite, in September 2023, a innovative digital solution for natural gas compressor operators and lease compression companies. The cloud-based platform provides unparalleled user advantages by merging INNIO’s Waukesha* engine analytics with Detechtion’s real-time compressor monitoring and optimization technology.
• Sapphire Gas Solutions ("Sapphire") is a turnkey infrastructure services and equipment provider and Bauer Compressors, Inc. ("Bauer") manufactures a broad range of compressor systems for various breathing-air and industrial applications, announced a national partnership between the two leading companies, in March 2023. Through this partnership, Sapphire Gas Solutions ("Sapphire") to maintain, deploy, and construct an array of state-of-the-art Bauer Compressors, Inc. ("Bauer") manufactured gas compressors and offer OEM parts servicing various critical industries covering Canada, Mexico, and the United States of America.
• Southern Star has utilized several Cooper units to deliver safe, reliable and efficient natural gas transportation, announced a partnership with Cooper Machinery Services, global leader in the supply of after-sale services & new compression for the world’s engine and compressor markets, in October 2021, to evaluate the potential of hydrogen blended fuels to power its reciprocating compression systems.

Acquisition and partnerships

• In November 2022, Baker Hughes, an energy technology firm, and the Abu Dhabi National Oil Company (ADNOC) entered into a strategic technology collaboration agreement at ADIPEC 2022. The agreement aims to investigate opportunities for collaboration in research and development (R&D) to advance technologies that contribute in fostering a sustainable energy future in the United Arab Emirates (UAE).
• In August 2021, Hanwha Solutions  is a multinational energy services, petrochemical, and real estate development company, revealed that Hanwha Cimarron, the tank manufacturing company, entered into an agreement with Sunbridge Energy Services, an energy firm based in Texas, U.S. The arrangement involves the provision of storage tanks that is specifically designed for compressed natural gas (CNG).
• In April 2021, Galileo Technologies offer customized solutions, revealed the establishment of Galileo Compression USA, a technology-driven business division in the U.S., emphasizing high value-added solutions. Galileo Compression, a prominent global compression manufacturer and service provider, boasts more than three decades of international experience.