Natural Gas Compressors Market Research Report and Forecast Natural Gas Compressors Market - Asia and MEA Indu | Page 2

Proliferation in number of natural gas vehicles along with other applications such as
gas gathering, gas transfer, well head gas recovery, flare elimination has
contributed to the growth of natural gas compressors market in the Middle East. The
market for natural gas compressors in 2013 was valued at US$ 86.3 million and US$
82.9 million in Saudi Arabia and United Arab Emirates (UAE) respectively. The
growth in natural gas compressors market in Africa is also promising, with Algeria
volume shipments accounting 1,561 unit in 2013 and is expected to grow at a CAGR
of 12.1% (in terms of volume) from 2015-2022.
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The market for gas equipment including natural gas compressors, natural gas
engines, gas turbines, and centrifugal gas compressors is moving towards the phase
of consolidation with major players trying to increase their portfolio by acquiring
leading players in a particular segment. In May 2014, Siemens AG acquired the
energy business comprising aero-derivative gas turbine and compressor of Rolls-
Royce to cement its place in the power generation and oil and gas industries.
Moreover, in September 2014, Siemens AG acquired Dresser-Rand Group Inc. This
helped the company to obtain competitive edge over its major competitor GE in the
energy business.
Major players in the natural gas engines market include Cummins Inc., Cummins
Westport Inc., Westport Power Inc., Weichai Westport Inc. (WWI), Caterpillar Inc.,
and General Electric. Major players of the natural gas compressors include General
Electric, Ingersoll-Rand and Dresser-Rand Group, Inc., (a Siemens business). Few key
players of the Gas turbines include Mitsubishi Hitachi Power Systems Ltd., General
Electric, and Siemens.
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