Transparency Market
Research
Reciprocating Compressors Market - China Industry Analysis,
Size, Share, Growth, Trends and Forecast 2015 – 2022
Published Date
2015-08-07
68 Page Report
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Press Release
Reciprocating Compressors Market Expected to Reach US$
1,178.9 Mn by 2022 in China
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Reciprocating Compressors
Market
REPORT DESCRIPTION
Reciprocating compressors are facing increasing competition from other compressor types such as screw
and centrifugal compressors. However, the demand for reciprocating compressors continue to grow due to
their cost-efficacy and the emerging demand from replacement of older compressors. Alongside a stable
demand from manufacturing industry, future driving force for the market would be expansion of Chinese
petroleum and chemical industries. According to the U.S. Energy Information Administration, China is the
second largest consumer of crude oil and consumed 10.7 Mn barrels per day in 2013. The consumption of
oil is expected to increase in coming years to cater to both energy and petrochemical sector. Growing
emphasis on better energy utilization is expected to sustain market growth of compressors including
reciprocating compressors during the coming years. Moreover, industrial growth and growing number of
automobiles in China are also propelling the demand for reciprocating compressors in applications such as
refineries, and LNG and CNG transport and storage.
Browse the full Reciprocating Compressors Market report at
http://www.transparencymarketresearch.com/china-reciprocating-compressors-market.html
This research report provides in-depth analysis of the China reciprocating compressors market based on
compressor type and applications. The various segments of the study are analyzed in...