LNG Compressor Market Report 2025 (Global Edition)

Global LNG Compressor Market Report 2025 Market Size Split by Design (Vertically-Split Barrel , Horizontally-Split , Axial Compressors ), by Application (Low-Pressure Application , Medium Pressure...

LNG Compressor Market Report Description

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Competitive Landscape of the LNG Compressor Market

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.

LNG Compressor Industry News

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.

(Source: https://www.siemens-energy.com/global/en/home/press-releases/siemens-energy-ships-first-compression-train-aramco-gas-reservoir-storage-project.html)

Top Companies Market Share in LNG Compressor Industry: (In no particular order of Rank)

• Seimens
• Kobelco Compressors America Inc
• Eagle Burgmann
• General Electric Company
• Elliott Company
• IMW Industries Ltd
• Mitsubishi Heavy Industries
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the LNG Compressor

Which Region will dominate the LNG Compressor Market in 2024?

According to Cognitive Market Research, North America dominated the Market in 2024 and accounted for around 40% of the global revenue. It is due to the increasing demand for natural gas as a cleaner energy alternative. In the US, the shale gas boom has led to substantial investment in LNG infrastructure, while Canada benefits from its vast natural gas resources. Additionally, supportive government policies and initiatives aimed at enhancing energy security and reducing emissions further bolster market growth. Key players in the region include Siemens AG, General Electric, and Mitsubishi Heavy Industries, among others, who are actively participating in expanding the LNG compressor market in North America.

Which Region is Expanding at the Fastest CAGR?

The European region is witnessing the fastest growth due to the stringent environmental regulations that are pushing for cleaner energy alternatives, prompting increased adoption of LNG as a fuel source. Additionally, Europe's efforts to diversify its energy mix and reduce dependence on traditional fossil fuels are fueling the demand for LNG infrastructure, including compressors. Furthermore, advancements in compressor technology and an increasing focus on energy efficiency are contributing to market expansion across the region. Overall, Europe presents a favorable landscape for the growth of the LNG compressor market, with robust opportunities anticipated in the coming years.

The current report Scope analyzes LNG Compressor Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America LNG Compressor Market

According to Cognitive Market Research, the global LNG Compressor market size was estimated at USD 415.2 Million, out of which North America held the major Market of more than 40% of the global revenue with a market size of USD 166.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031. In North America, LNG Compressor sales dominate, fuelled by burgeoning LNG infrastructure, increasing demand for natural gas, and efforts to reduce emissions through cleaner energy sources. Technological advancements in compressor systems, such as improved efficiency and reliability, also fuel market growth. Additionally, supportive government policies, investments in LNG export terminals, and expanding applications of LNG across various industries contribute to the market's upward trajectory in the region.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the LNG Compressor market, with a market size of USD 131.04 million in 2024. The market is projected to grow at a CAGR of 2.0% during the forecast period due to expanding LNG export terminals, advancements in LNG infrastructure, and the shale gas boom. 
• The Canada LNG Compressor market had a market share of USD 19.93 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. Canada's government incentives promoting energy infrastructure development and technological advancements improving compressor efficiency and reliability further fuel market growth.
• The Mexico LNG Compressor market is projected to grow at a CAGR of 2.7% during the forecast period, with a market size of USD 15.11 million in 2024.

Europe LNG Compressor Market

Cognitive Market Research shows a market value of USD 415.2 million in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 124.56 million. Europe’s growth is driven by increasing demand for natural gas due to its cleaner energy profile and reduced carbon emissions compared to other fossil fuels. Additionally, advancements in LNG infrastructure and technology are fostering market growth. Furthermore, governmental policies and regulations promoting the use of natural gas as a transition fuel towards renewable energy sources are also key drivers. Lastly, the expanding LNG distribution network and infrastructure development initiatives are fueling market expansion in the region.

• The United Kingdom LNG Compressor market had a market share of USD 20.93 million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. In the UK, LNG Compressor sales are propelled by the growing focus on transitioning to cleaner energy sources, increasing demand for LNG as a fuel alternative. 
• The France Radar Mitigation Systems market is projected to grow at a CAGR of 1.7% during the forecast period, reaching USD 11.46 million in 2024.
• According to Cognitive Market Research, the German LNG Compressor market was valued at USD 24.66 million in 2024 and is projected to grow at a CAGR of 2.7% during the forecast period. In Germany, LNG Compressor sales surged due to technological advancements enhancing compressor efficiency and reliability. 
• The Italy LNG Compressor market is projected to grow at a CAGR of 1.9% during the forecast period, with a market size of USD 10.71 million in 2024.
• The Russian LNG Compressor market is projected to grow at a CAGR of 1.5% during the forecast period, with a market size of USD 19.31 million in 2024.
• The Spain LNG Compressor market is projected to grow at a CAGR of 1.6% during the forecast period, reaching a market size of USD 10.21 million in 2024.
• The Luxembourg LNG Compressor market is projected to grow at a CAGR of 2.6% during the forecast period, with a market size of USD 3.86 million in 2024.
• The Portugal LNG Compressor market is projected to grow at a CAGR of 2.3% during the forecast period, with a market size of USD 2.62 million in 2024.
• The Greece LNG Compressor market is projected to grow at a CAGR of 2.8% during the forecast period, reaching a market size of USD 1.49 million in 2024.
• The Rest of Europe's Radar Mitigation Systems market is projected to grow at a CAGR of 1.2% during the forecast period, reaching USD 19.31 million in 2024.

 

Asia Pacific LNG Compressor Market

According to Cognitive Market Research, the global LNG Compressor market size was estimated at USD 415.2 Million, out of which Asia Pacific held the Market of around 23% of the global revenue with a market size of USD 95.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031. The Asia Pacific region is experiencing growth due to rapid industrialization, expanding energy demands, and increasing investments in LNG infrastructure. Additionally, government initiatives promoting clean energy sources and advancements in LNG technology are further propelling the market. With Asia-Pacific countries prioritizing energy security and sustainability, the LNG compressor market is expected to witness significant growth, offering lucrative opportunities for industry players in the region.

• According to Cognitive Market Research, the China LNG Compressor market size was valued at USD 42.97 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. LNG Compressor sales surged in China due to infrastructure development for LNG terminals and pipelines.
• The Japan LNG Compressor market is projected to grow at a CAGR of 4.5% during the forecast period, with a market size of USD 13.18 million in 2024. The demand is augmented by Japan's rising demand for natural gas and government initiatives promoting cleaner energy sources.
• The India LNG Compressor market had a market share of USD 11.46 million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. 
• The South Korean LNG Compressor market is projected to grow at a CAGR of 5.1% during the forecast period, with a market size of USD 9.55 million in 2024.
• The Australian LNG Compressor market is projected to grow at a CAGR of 5.7% during the forecast period, with a market size of USD 4.97 million in 2024.
• The Southeast Asia LNG Compressor market is projected to grow at a CAGR of 7.0% during the forecast period, with a market size of USD 6.59 million in 2024.
• The Rest of the Asia Pacific LNG Compressor market is projected to grow at a CAGR of 5.8% during the forecast period, reaching a market size of USD 6.78 million in 2024.

South America LNG Compressor Market

According to Cognitive Market Research, the global LNG Compressor market size was estimated at USD 415.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 20.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031. LNG Compressor sales in Latin America are experiencing growth due to rapid industrialization and urbanization, increasing the demand for LNG as an alternative energy source. Government initiatives to reduce carbon emissions and promote cleaner energy sources further boost market growth. Additionally, the expansion of LNG infrastructure and investments in gas exploration and production contribute to the rising demand for compressors. Technological advancements in compressor efficiency and reliability also play a key role in market expansion.

• According to Cognitive Market Research, Brazil's LNG Compressor market size was valued at USD 8.89 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. LNG Compressor sales flourish in Brazil due to environmental regulations favoring cleaner fuels and incentivizing investments in LNG infrastructure and compressor technology.
• The Argentina LNG Compressor market had a market share of USD 3.49 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. Argentina's commitment to government initiatives promoting LNG as a cleaner alternative to traditional fuels augments the demand.
• The Colombia LNG Compressor market is projected to grow at a CAGR of 3.2% during the forecast period, with a market size of USD 1.85 million in 2024.
• The Peru LNG Compressor market is projected to grow at a CAGR of 3.6% during the forecast period, with a market size of USD 1.70 million in 2024.
• The Chile LNG Compressor market is projected to grow at a CAGR of 3.7% during the forecast period, with a market size of USD 1.49 million in 2024.
• The Rest of the Latin America LNG Compressor market is projected to grow at a CAGR of 2.5% during the forecast period, with a market size of USD 3.34 million in 2024.

Middle East and Africa LNG Compressor Market

According to Cognitive Market Research, the global LNG Compressor market size was estimated at USD 415.2 Million, out of which the Middle East and Africa held the major Market of around 2% of the global revenue with a market size of USD 8.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031. MEA experiences an upswing in LNG Compressor sales driven by growing demand for natural gas, spurred by industrialization and population growth, which fuels the need for LNG infrastructure development. Additionally, increasing investments in energy projects, supportive government policies, and the region's strategic location for LNG trade contribute to market expansion. Furthermore, technological advancements in compressor systems enhance efficiency and reliability, further propelling market growth in the region.

• According to Cognitive Market Research, the GCC Countries' LNG Compressor market was valued at USD 3.55 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. LNG Compressor sales flourish in the GCC Countries due to the increasing investments in LNG infrastructure, including liquefaction plants and terminals.
• The Egypt LNG Compressor market is projected to grow at a CAGR of 4.0% during the forecast period, with a market size of USD 0.87 million in 2024.
• The South African LNG Compressor market is projected to grow at a CAGR of 4.7% during the forecast period, reaching USD 1.31 million in 2024. LNG Compressor sales flourish in South Africa due to government initiatives promoting infrastructure development and investments in LNG terminals.
• The Turkey LNG Compressor market is projected to grow at a CAGR of 3.2% during the forecast period, with a market size of USD 0.71 million in 2024.
• The Nigerian Radar Mitigation Systems market is projected to grow at a CAGR of 2.8% during the forecast period, reaching a market size of USD 0.87 million in 2024.
• The Rest of the MEA LNG Compressor market is projected to grow at a CAGR of 2.7% during the forecast period, reaching a market size of USD 0.98 million in 2024.

 

LNG Compressor Market Analysis

LNG Compressor Design Segment Analysis

According to Cognitive Market Research, vertically-split barrels held the major market share over the forecast period. These compressors feature a design where the barrel is divided vertically into two parts, enabling easier access to internal components for maintenance and repair. This design is favored for its efficiency in handling high-pressure operations and accommodating large capacity requirements.

Horizontally split compressors are the fastest-growing category over the forecast period. These compressors are divided along a horizontal axis, offering advantages in terms of footprint and ease of installation. They are often preferred for applications where space constraints or operational flexibility are critical considerations.

• Vertically-Split Barrel 
• Horizontally-Split 
• Axial Compressors 

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of LNG Compressor Industry. Request a Free Sample PDF!

LNG Compressor Application Segment Analysis

According to Cognitive Market Research, low-pressure applications hold a prominent market share. They typically involve liquefaction processes where natural gas is cooled to its liquid state, often for transportation purposes. These compressors handle gas at relatively lower pressures, typically below 300 psi (pounds per square inch).

Medium-pressure applications are the fastest-growing category over the forecast period. They involve processes such as gas transmission and storage, where the gas is compressed to intermediate pressures, usually ranging from 300 to 1000 psi. Compressors designed for medium-pressure applications are engineered to handle higher pressures efficiently.

• Low-Pressure Application 
• Medium Pressure Application

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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