Reciprocating Compressors Market - China Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022

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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 terms of revenue

generation. China reciprocating...