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China Reciprocating Compressors Market to reach US$1,178.9 million by 2022: Transparency Market Research
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The China reciprocating compressors market has been witnessing a great demand due to their cost-effectiveness. The need to replace the old compressors in industries is expected to contribute to the demand of industrial process gas reciprocating compressors in the coming few years. Analysts also predict that demand for reciprocating compressors in the LNG and CNG transport and storage application segment will increase significantly. The only hurdle for this market is the increasing adoption of screw compressors for industrial process gas compression.
The China reciprocating compressors market is segmented on the basis of types and applications the types of reciprocating compressors are oil-free reciprocating compressors, hyper compressors, liquefied natural gas (LNG) reciprocating compressors, industrial process gas reciprocating compressors, and labyrinth piston compressors. The applications of reciprocating compressors are seen in upstream oil and gas, industrial gases, refinery, ethylene and LDPE plants.
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The key players in the China reciprocating compressors market are Shenyang Blower Works Group Corporation, Shenyang Yuanda Compressor Co. Ltd., Shanghai Dalong Machinery Factory Co., Ltd., Nanjing Compressor Co., Ltd., and Beijing JinKaiwei General Machinery Co.
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Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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