Visiongain Publishes Global Liquefied Natural Gas (LNG) Compressor Market 2019-2029 Report

LONDON, Oct. 14, 2019 /PRNewswire/ -- Analysis by Application (Low Pressure Applications and Medium Pressure Applications), by Type (Horizontally-Split, Vertically Split Barrel and Axial Compressors), Company and Country Analysis and Forecasts

Market Definition:
• LNG compressors are oil-free compressors, mainly compressed natural gas with comparatively high pressure and high-risk level. To avoid contamination oil free lubrication is used between liner pistons.
• The growing demand for natural gas with changing energy consumption patterns is expected to drive Liquefied natural gas (LNG) compressor market globally.

Market Overview and Trends
• In May 2019, Baker Hughes (BHGE), a GE company, announced the development on the turbomachinery equipment supplying contract for the first phase of BP's Greater Tortue Ahmeyim's project.
• BHGE will provide the required technology for four compressor trains for gas liquefaction, expected to deliver 2.5 million tonnes of LNG per annum.

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Market Dynamics:

Factors Influencing the Market Growth:
• Increase in demand for production globally
• Technological advancements associated with Liquefied Natural Gas (LNG) Compressor systems

Factors Restraining the Market Growth:
• High costs association with Storage and Equipment required

To find out more about this report please contact Sara Peerun at [email protected] or refer to our website: https://www.visiongain.com/report/global-liquefied-natural-gas-lng-compressor-market-report-2019-2029/

Market Segmentation 2019-2029:

Application 
• Low Pressure Applications Market, 2019-2029
• Medium Pressure Applications Market, 2019-2029

Type
• Horizontally-split Systems Market, 2019-2029
• Vertically-split Barrel Systems Market, 2019-2029
• Axial Compressors Systems Market, 2019-2029

Geographic breakdown 
Focused regional forecasts and analysis explore the future opportunities:
• North America Market, 2019-2029
• Latin America Market, 2019-2029
• Europe Market, 2019-2029
• Asia-Pacific Market, 2019-2029
• Middle East and Africa Market, 2019-2029

Competitive Analysis:
• Product development is one of the key strategies undertaken by key players in the market.
• Various agreements and collaborations between market players are anticipated to provide lucrative growth opportunities in the market.

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Companies covered in the report include:

British Petroleum Plc
Chevron Corporation
EagleBurgmann
Elliott Company
Exxon Mobil Corporation
General Electric Company
IMW Industries
Kobelco Compressors America Inc
Mitsubishi Heavy Industries
Royal Dutch Shell Plc
Seimens

To discuss this report please e-mail Sara Peerun on [email protected]

SOURCE Visiongain