Market Size of South America Compressor Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.90 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
South America Compressor Market Analysis
The South American compressor market is anticipated to register a CAGR of approximately 2.9% during the forecast period.
The market was negatively impacted by the outbreak of COVID-19 due to regional lockdowns and a slowdown in end-user industries. Currently, the market has reached pre-pandemic levels.
- Factor such as increasing demand for compressors from fertilizers and petrochemical plants to process and pressurize multiple gases is likely going to drive the SAmericanerica compressor market.
- However, increasing the installation of renewable energy sources to provide power that does not use compressors is expected to restrain the South American compressor market.
- New technologies in compressors have more efficiency than the present ones and are expected to create several opportunities for the South American compressor market in the future.
- Due to its highest gas production in the region, Argentina is expected to be the fastest-growing country in the SAmericanerica compressor market.
South America Compressor Industry Segmentation
Compressors are mechanical devices that increase the pressure of a gas/air by reducing its volume and increasing its velocity. The South American compressor market is segmented into type, end-user, and geography. By end-user, the market is segmented into the oil and gas industry, power sector, manufacturing sector, chemicals and petrochemical industries, and other end users. By type, the market is segmented into positive displacement and dynamic. The report also covers the market size and forecasts for the South American compressor market across major countries in the region. For each segment, the market sizing and forecasts have been done based on revenue (USD billion).
| Type | |
| Positive Diplacement | |
| Dynamic |
| End User | |
| Oil and Gas Industry | |
| Power Sector | |
| Manufacturing Sector | |
| Chemicals and Petrochemical Industry | |
| Other End Users |
| Geography | |
| Brazil | |
| Argentina | |
| Rest of South America |
South America Compressor Market Size Summary
The South American compressor market is poised for growth, driven by increasing demand from the fertilizers and petrochemical sectors, which require compressors for gas processing and pressurization. Despite the initial setbacks due to the COVID-19 pandemic, the market has rebounded to pre-pandemic levels. The oil and gas industry, encompassing upstream, midstream, and downstream sectors, remains a significant contributor to the market's expansion, with compressors playing a crucial role in gas transmission, storage, and refrigeration. The discovery of new gas reservoirs and the development of extensive gas pipeline networks, such as the Brazil-Argentina pipeline and the Gasoducto del Noreste in Argentina, are expected to further propel market growth. However, the increasing adoption of renewable energy sources, which may reduce reliance on compressors, poses a potential challenge to market expansion.
Argentina is anticipated to be the fastest-growing market for compressors in South America, fueled by rising energy demand and the expansion of commercial and industrial activities. The country's focus on natural gas for power generation and the significant increase in shale gas production are key factors driving the compressor market. The government's investment in gas transportation infrastructure, including major projects like the Gasoducto del Noreste, underscores the country's commitment to enhancing its gas supply chain. The market is moderately fragmented, with key players such as Atlas Copco AB, Siemens AG, and Schulz S.A. actively participating. Recent developments, including significant investments in liquefied natural gas (LNG) facilities, highlight the ongoing efforts to strengthen the region's energy infrastructure, further supporting the growth of the compressor market.
South America Compressor Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2028
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Positive Diplacement
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2.1.2 Dynamic
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2.2 End User
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2.2.1 Oil and Gas Industry
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2.2.2 Power Sector
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2.2.3 Manufacturing Sector
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2.2.4 Chemicals and Petrochemical Industry
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2.2.5 Other End Users
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2.3 Geography
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2.3.1 Brazil
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2.3.2 Argentina
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2.3.3 Rest of South America
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South America Compressor Market Size FAQs
What is the current South America Compressor Market size?
The South America Compressor Market is projected to register a CAGR of 2.9% during the forecast period (2024-2029)
Who are the key players in South America Compressor Market?
Siemens AG, Schulz S.A., Ebara Corporation, Atlas Copco AB and Aerzener Maschinenfabrik GmbH are the major companies operating in the South America Compressor Market.
