According to the business intelligence report titled ‘Positive Displacement Gas Compressor Market Size By Type (Reciprocating, Screw, Scroll, Rotary Lobe, Rotary Vane), By Lubrication (Oil-free, Oil Filled), By Application (Land [Hydrogen FCV Station, LPG/LNG {LNG Receiving, Liquefaction, Process Gas Handling}, Carbon Dioxide, Ammonia {Petrochemicals, Fertilizer, Renewable Energy}, Value Added {Petrochemical, Oil & Gas}], Marine [LPG/LNG {Offshore, LNG Bunkering, Fuel Gas Supply, Re-liquefaction}, Carbon Dioxide, Ammonia, Air Lubrication System]), COVID-19 Impact Analysis, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, the worldwide positive displacement gas compressor market is slated to witness a sizeable growth during 2021-2027.
 

Rise in the product demand across various industries has been advantageous for the growth of the positive displacement gas compressor market.
 

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Notably, positive displacement gas compressors use a reciprocating component, usually a piston that allows the gas to be drawn in with the suction stroke of the piston. The gas is then compressed by reducing the gas volume and moving the piston in the opposite direction and discharged when the gas pressure is beyond the pressure of the outlet valve.

 

Experts cite that an increase in oil and gas production activities and hydrogen refueling stations along with a favorable outlook with regards to decarbonization is expected to aid in the augmentation of this business sphere in the upcoming years.
 

Based on type, global positive displacement gas compressor industry from rotary lobe sub-segment is projected to amass a valuation of USD 200 Mn by 2027. Meanwhile, the rotary vane sub-segment is projected to grab 10% of the industry share during the stipulated timeframe.
 

With respect to lubrication, the industry has been divided into oil free and oil filled sub segments. The oil filled sub-division is expected to amass a sizeable revenue share by 2027 owing to its excellent performance features and affordability of products in this category.
 

Considering the application spectrum, the market is split into land and marine applications.  Under the land segmentation, the process gas handling sub-segment is expected to grow at a robust pace through 2027 due to the increasing demand for natural gas transportation and storage facilities for gas compressors.
 

Under the marine segmentation, the LPG/LNG sub-segment is anticipated to account for more than 50% of the total market share over the assessment timeline.
 

Speaking of the regional landscape, Latin America positive displacement gas compressor market is expected to accumulate a monumental revenue of approximately USD 900 Mn by 2027.
 

Meanwhile, the positive displacement gas compressor market within Middle East and Africa is expected to showcase a healthy growth rate of more than 2.5% over the stipulated timeframe.
 

From a competitive standpoint, IHI Rotating Machinery Co., Ltd., Howden Group Limited, Lenhardt and Wagner GmBH, Newman and Esser Group, Blackmer, Inc., Corken, Inc., Baker Hughes Company, GEA Group AG, Gardner Denver Inc., Quincy Compressor LLC, Buckhardt Compression AG, Siemens AG, Atlas Capco Group, and SIAD Macchine Impianti SpA boast of a strong presence in this business sphere.