Global CNG Compressors Aftermarket Market to Reach $137.1 Million by 2027
Amid the COVID-19 crisis, the global market for CNG Compressors Aftermarket estimated at US$117.3 Million in the year 2020, is projected to reach a revised size of US$137.1 Million by 2027, growing at a CAGR of 2.3% over the period 2020-2027.
The U.S. Market is Estimated at $31.8 Million, While China is Forecast to Grow at 3.5% CAGR
The CNG Compressors Aftermarket market in the U.S. is estimated at US$31.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$25.4 Million by the year 2027 trailing a CAGR of 3.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.We bring years of research experience to this 8th edition of our report. The 134-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Ariel Corporation
- Atlas Copco AB
- Bauer Compressors, Inc.
- CIMC Enric Holdings Limited
- Elliott Company
- GE Oil & Gas
- Kobelco Compressors America, Inc.
- P.C. McKenzie Company
- Wartsila Corporation