Study shows rising growth in North American compressor market

A new analysis from Frost & Sullivan, "North American Markets for Compressors in the Oil and Gas Industry," shows that this market will increase its revenue to $192.1 million in 2010, up from $148.8 million in 2004 (Fig. 1). Click here to enlarge imageThe compressor market for the North American oil and gas industry experienced flat growth during 2000-03, according to the analysis. Although the US economy was stagnant, the oil and gas industry due to its inherent strength did not experience declining sales. Sales revenues in the compressor market were flat during this time.Due to overall expected growth in the oil and gas industry, the compressor market will improve to a compound growth ...

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