COMPRESSOR MARKET ANALYSIS

Regional Analysis

Global Compressor Market: Regional Insights

Among regions, North America is anticipated to witness strong growth in the global compressor market over the forecast period. The U.S. and Canada are one of the largest refiners and producers of oil and gas around the globe. Canada is one of the largest natural gas producer in the world. The country has extensive reserves of oil and natural gas. Thus, increasing growth of this industry is driving the demand for compressors across North America. Thus, the regions is likely to show strong growth in the global compressor market in the near future.

Furthermore, Asia Pacific is also expected to gain major share in the global compressor market over the forecast period. This can be attributed to presence of largest manufacturing industry in the region, growing power, chemical, steel, and cement industries in countries such as China; and presence of major market players in refining and petrochemical industries in the region. Moreover, governments in the region are cutting down on steel production capacity due to high pollution rate, this trend is likely to impact the global compressor market in the region.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa