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Natural Gas Demand Sustains Growth in the Mature Compressor Market Finds Frost & Sullivan - Gases are liquefied using compressors near production sites for transport - IndustrialAutomation.Frost.com
Natural Gas Demand Sustains Growth in the Mature Compressor Market Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Mountain View, CA, United States, 2013/06/12 - Gases are liquefied using compressors near production sites for transport - IndustrialAutomation.Frost.com.

   
 
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Increased investments in pipelines and unconventional energy sources like shale gas and oil sands will boost the North American compressor market. Compressor sales will receive a fillip from the expansion of small- and medium-scale liquefied natural gas (LNG) plants.

New analysis from Frost & Sullivan's (industrialautomation.frost.com) North American Compressors in Oil and Gas Applications research finds the market earned revenue of $759.0 million in 2012 and estimates this to reach $1.1 billion in 2018. The research covers air and gas compressors.

For more information on this research, please email Britni Myers, Corporate Communications, at britni.myers[.]frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

"Transportation of oil and gas is on the rise in the U.S., with projected infrastructure investments of nearly $8.0 billion annually over the next 10 years," noted Frost & Sullivan Research Analyst Sandeep Karuppuswamy. "This will have a beneficial effect on the uptake of compression systems. The creation of several booster stations along pipelines will generate further demand for compressors."

Huge investments in shale gas exploration and production are likely to result in the U.S. becoming an exporter of natural gas in the next five years. Natural gas has a low emission profile, which makes it a highly desirable, green fuel.

"The need to increase natural gas production to meet soaring demand will have a positive impact on the sales of compressors," said Karuppusawamy. "This will boost uptake in the upstream segment."

Similarly, the use of hydrogen to convert Canadian oil sands to usable petroleum products will trigger tremendous demand for compressors in refineries. This opens up more opportunities in the downstream segment.

The establishment of small- and medium-scale LNG plants will also positively impact compressor sales. As these plants are likely to use tankers and rail cars rather than pipelines for transportation, gases will be liquefied near the site using compressors.

Key competitive factors are reliability, quality, efficiency and flexibility in terms of product and customer service. End users will demand a complete range of services.

"The market is moving toward integrated solutions and services as well as intelligent, electronically integrated equipment," concluded Karrupuswamy. "High-speed direct drive and remote asset management are the key technologies to monitor."

North American Compressors in Oil and Gas Applications is part of the Industrial Automation and Process Control Growth Partnership Services program, which also includes research in the following markets: Strategic Analysis of the North American Explosion Proof Motors Market, Strategic Analysis of the European Centrifugal Compressors Market, Analysis of the North American Seals Market, and Global Centrifugal Pumps Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
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North American Compressors in Oil and Gas Applications / NBAA-10

 
 
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Natural Gas Demand Sustains Growth in the Mature Compressor Market Finds Frost & Sullivan

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Frost & Sullivan |
Publisher Contact: Britni Myers - Frost.com 
210-477-8481 britni.myers[.]frost.com
 
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