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| Data Timeline | Historical Data: 2022–2025 | Base Year: 2025 | Forecast Period: 2026–2034 |
|---|---|
| Design Segment | Vertically-Split Barrel , Horizontally-Split , Axial Compressors |
| Application Segment | Low-Pressure Application , Medium Pressure Application |
| By Distribution Channel Segment | Direct Sale, Indirect Sale |
|---|---|
| By Operation Type Segment | Manual, Semi-automatic, Automatic |
| By Power Source Segment | Electric, ICE, Hybrid |
| Regions & Countries |
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Country-level data · Company profiles · Editable dataset · Analyst consultation included.
| Region / Country | 2021 (A) | 2025 (A) | 2033 (P) | CAGR |
|---|
A = Actual · E = Estimated · P = Projected · 🔒 Locked values require full access. Click headers to sort.
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The LNG compressor market is intensely competitive, with key players driven by technological advancements, innovation, and a focus on efficiency and reliability. Market players strive to expand their global presence, offering comprehensive solutions and services to meet the diverse needs of LNG infrastructure projects worldwide.
In April 2021, Siemens Energy AG supplied 20 centrifugal compression systems for one of Saudi Aramco's gas storage projects. The Hawiyah UnayzahGas Reservoir Storage facility is located 260 km east of Riyadh. The scope of the contract is to supply 20 compressor trains, which will strengthen the company's market position.
| Company | 2022 (A) | 2023 (A) | 2024 (A) | 2025 (A) |
|---|---|---|---|---|
| Seimens | ••• | ••• | ••• | ••• |
| Kobelco Compressors America Inc | ••• | ••• | ••• | ••• |
| Eagle Burgmann | ••• | ••• | ••• | ••• |
| General Electric Company | ••• | ••• | ••• | ••• |
| Elliott Company | ••• | ••• | ••• | ••• |
| IMW Industries Ltd | ••• | ••• | ••• | ••• |
| Mitsubishi Heavy Industries | ••• | ••• | ••• | ••• |
Revenue data requires full access. *2nd & 3rd tier companies available on enquiry.
Request company profile for validation →According to Cognitive Market Research, the global LNG Compressor market was USD 415.2 million in 2024 and expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.
An LNG compressor is a mechanical device used in the liquefied natural gas industry to increase the pressure of LNG for transportation and storage. It compresses the gas to reduce its volume, making it easier to transport over long distances and store in tanks or vessels. The increasing global demand for natural gas, expansion of new LNG infrastructure, encouraging the adoption of cleaner fuels like natural gas to reduce carbon emissions, continuous advancements in compressor technologies, rising investments in the global energy sector, diversification of energy sources, and the need for energy security, global shift towards natural gas, expansion of LNG bunkering industry, rising adoption in the transportation sector and long-term supply contracts and investments are the major factors influencing the growth of the LNG Compressor Market.
For instance, in February 2021, Qatar got FID on the North Field East Project, which has four mega LNG trains of 8 MTPA each at an approximate cost of USD 28.75 billion. The 33 MTPA project is to start production in Q4 2025 and raise Qatar's LNG production to approximately 110 MTPA by late 2026 or early 2027.
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| Design | Vertically-Split Barrel , Horizontally-Split , Axial Compressors |
| Application | Low-Pressure Application , Medium Pressure Application |
| By Distribution Channel | Direct Sale, Indirect Sale |
| By Operation Type | Manual, Semi-automatic, Automatic |
| By Power Source | Electric, ICE, Hybrid |
| List of Competitors | Seimens, Kobelco Compressors America Inc, Eagle Burgmann, General Electric Company, Elliott Company, IMW Industries Ltd, Mitsubishi Heavy Industries |
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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