Process Gas Compressor Market Size, Share, Trends, Growth & Forecast 2034

Process Gas Compressor Industry Perspective:

The global process gas compressor market size was worth around USD 6.47 billion in 2024 and is predicted to grow to around USD 10.16 billion by 2034, with a compound annual growth rate (CAGR) of roughly 5.14% between 2025 and 2034.

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Key Insights:

• As per the analysis shared by our research analyst, the global process gas compressor market is estimated to grow annually at a CAGR of around 5.14% over the forecast period (2025-2034)
• In terms of revenue, the global process gas compressor market size was valued at around USD 6.47 billion in 2024 and is projected to reach USD 10.16 billion by 2034.
• The process gas compressor market is projected to grow at a significant rate due to industrial expansion across the globe
• Based on the compressor type, the positive displacement segment is growing at a high rate and will continue to dominate the global market as per industry projections
• Based on the end-use, the oil & gas segment is anticipated to command the largest market share
• Based on region, North America is projected to dominate the global market during the forecast period

Process Gas Compressor Market: Overview

A process gas compressor is an industrial machine used for compressing gas in a cylinder. The compression is carried out to improve either the conditions for chemical reactions or to circulate gas through a system. Process gas compressors are used for compressing a wide range of gases, including carbon monoxide, carbon dioxide, landfill gas, mixed refrigerants, and steam. In addition to this, market research suggests that the compressors are essential for the optimal performance of the nitrogenous fertilizer industry. Also, process gas compressors are extensively used in growing industries such as oil & gas, waste & wastewater management, and chemical & petrochemical. During the forecast period, demand for process gas compressors is expected to continue growing with rising investments in the oil & gas industry, along with growing global demand for petrochemical products.

Additionally, strategic market expansion into new and emerging markets can help companies achieve optimal growth during the forecast period. A major drawback for the industry is expected to emerge in the form of cost barriers and sourcing issues. Some of the key trends anticipated in the market include demand for scalable or modular designs and integration of smart technologies.

Process Gas Compressor Market Dynamics

Growth Drivers

How will rapid industrialization and rising energy demand impact the process gas compressor market behavior in the long term?

The global process gas compressor market is expected to witness improved revenue due to industrial expansion across the globe. Industrialization is one of the major reasons for increased energy demand worldwide. According to industry analysis, energy demand is expected to grow by more than 35.01%  by the end of 2045. In addition to this, the chemical processing, oil & gas sector, and the refining industry are some of the fastest-growing industries. These segments rely heavily on processor gas compressors to meet their energy requirements.

During the forecast period, as investments toward industrial expansion continue to grow, market players can expect higher demand for process gas compressors that offer improved performance.

Surge in investments toward clean energy to shift market growth trends in the coming years

Surging investments in the development of clean energy infrastructure are expected to lead market growth trends during the projection period. According to the latest reports submitted by the International Energy Agency (IEA), investments toward clean energy projects are expected to be twice as high as investments in the traditional oil & gas industry. Research indicates an increase in the number of green hydrogen projects worldwide, fueling demand for process gas compressors.

For instance, in November 2025, Envision Energy, a China-based multinational green technology company, announced that it had received the ISCC/EU certification for green hydrogen produced at its 500 MW Chifeng plant. The certification qualifies clean energy produced by the company as per EU guidelines. In September 2025, OMV, another major player in the clean energy sector, began the construction of one of the world’s largest electrolysis plants for green hydrogen in Europe. Such advancements are likely to help the global process gas compressor market grow during the forecast period.

Restraints

How will cost barriers impact revenue streams in the process gas compressor market?

The global process gas compressor industry is expected to be negatively impacted by the cost barriers that the market players face. Large-scale process gas compressors are expensive machines and require a high initial investment. The expenses associated with machine procurement and operation are influenced by the use of special materials and the deployment of sophisticated technological solutions. Moreover, a lack of sufficient repair and maintenance centers for advanced process gas compressors may further impact market decisions over the forecast duration.

Opportunities

What growth opportunities will drive product innovation in the process gas compressor market during the anticipated period?

The global process gas compressor market is projected to experience several growth opportunities due to sustained investments in product innovation. Most market players are investing resources in making the technology more affordable and cost-effective to attract a larger group of buyers. According to industry research, modular designs are expected to become more popular in the coming years, as they offer higher scalability tailored to the consumer’s needs.

Eco-friendly compressors to open new avenues for further growth in the industry

Global sustainability goals are rapidly evolving worldwide, creating demand for solutions that promote a circular economy. Industry analysis suggests extensive growth opportunities in the form of increasing demand for energy-efficient compressors that have a reduced environmental impact. Countries on the way to achieving decarbonization are expected to promote the use of sustainability-promoting process gas compressors.

Challenges

Global trade uncertainty and rising tariffs are expected to impact market globalization

The global process gas compressor industry is projected to be challenged by the rising trade uncertainty worldwide. Rising tariffs on essential process gas compressor parts can impact cross-border business deals. Factors such as geopolitical uncertainty, import restrictions, and supply chain disruptions are critical barriers to smooth growth in the market.

Additionally, a significant gap in skill level of employees, especially in developing economies, can further prove detrimental to the industry’s growth trajectory.

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Process Gas Compressor Market: Report Scope

Process Gas Compressor Market: Segmentation

The global process gas compressor market is segmented based on compressor type, end-use, and region.

Based on compressor type, the global market is divided into dynamic displacement and positive displacement. In 2024, the highest growth was listed in the positive displacement segment. It is expected to deliver a CAGR of around 5.91% during the forecast period. Positive displacement compressors have wider applications in chemical processing and oil & gas sectors, fueling the segmental demand.

Based on end-use, the global market is segmented into waste & wastewater treatment, pharmaceuticals, oil & gas, food & beverages, chemical & petrochemical, power generation, and others. The oil & gas segment was the leading contributor in 2024, accounting for nearly 20% of the total revenue. Surge in oil & gas investments, as global demand increases, has been pivotal to the segment’s dominance in the past few years. The segment is expected to generate a CAGR of 5.45% during the projection period.

Process Gas Compressor Market: Regional Analysis

Which region is expected to emerge as the leader in the process gas compressor market in the near future?

The global process gas compressor market is expected to be led by North America during the forecast period. The regional CAGR is projected to reach 5.71% by the end of the forecast period. The regional expansion is heavily influenced by the presence of a robust and growing oil & gas sector. Additionally, over the last few years, investments in highly automated oil exploration activities have increased across North America, further contributing to the region's thriving economy. Canada and the US are at the forefront of regional dominance, according to industry analysis.

Europe is projected to emerge as a significant player in the market, with Germany, France, and the United Kingdom accounting for major regional market share. Growth in the European Union will be driven by rapidly growing investments in sustainable energy solutions and increased installations of green energy facilities. European nations have dedicated extensive resources toward reducing their carbon footprint, creating demand for energy-efficient process gas compressors.

Asia-Pacific is projected to deliver a CAGR of 5.56% with China, India, and Japan acting as major revenue generators. The ongoing expansion of the chemical & petrochemical industry and the development of wastewater management systems will fuel regional growth. Moreover, the region’s heavily dominant manufacturing sector, producing critical parts of process gas compressors, will prove beneficial for the regional market in the long run.

Process Gas Compressor Market: Competitive Analysis

The global process gas compressor market is led by players like:

• Ingersoll Rand Inc.
• Atlas Copco AB
• Mitsubishi Heavy Industries Ltd.
• Siemens AG (Siemens Energy AG)
• Elliott Group Ltd.
• General Electric Company
• Burckhardt Compression AG
• Mitsubishi Heavy Industries Ltd.
• Burckhardt Compression AG
• MAN Energy Solutions SE
• Howden Group Ltd.
• Kobelco Compressors Corporation

Process Gas Compressor Market: Key Market Trends

Integration of smart technologies

Integrating smart technologies, such as Artificial Intelligence and Internet of Things (IoT)-based sensors, into the process of compressors can benefit market players. These technologies are expected to reshape the industrialized world, creating growth avenues for industry players.

Expansion into new markets

Expanding business operations in emerging markets is a trend that several key players worldwide have adopted. Leading brands are expanding their production lines and engaging with customers worldwide to ensure long-term financial sustainability.

Options to customize

Business requirements continue to evolve in the rapidly changing industrialized world. Companies producing process gas compressors can deliver customized products to ensure higher customer satisfaction and improve brand value. Modular designs are expected to become more popular in the coming years.

The global process gas compressor market is segmented as follows:

By Compressor Type

• Dynamic Displacement
• Positive Displacement

By End-Use

• Waste & Wastewater Treatment
• Pharmaceuticals
• Oil & Gas
• Food & Beverages
• Chemical & Petrochemical
• Power Generation
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa