China Reciprocating Compressors Market Driven by Rising Demand for Industrial Process Gas Compressors from Steel Industry

Reciprocating compressors are a vital device used in several industries. They are a type of positive displacement compressor and deliver hot gases required in several applications through the action of pistons driven by a crankshaft. They are used, among others, in the petroleum and chemical industries, both of which are expected to rise handsomely in China over the coming few years. This will propel the China reciprocating compressors market.

According to market intelligence recently released by Transparency Market Research, the China reciprocating compressors market is expected to exhibit a CAGR of 5.30% from 2015 to 2022 and rise to a valuation of US$1.1 bn by the end of 2022.

Industrial Process Gas Compressors Lead Demand from China Reciprocating Compressors Market
By product type, the China reciprocating compressors market is segmented into industrial process gas compressors, oil-free reciprocating compressors, hyper compressors, LNG reciprocating compressors, and labyrinth piston compressors. Among these, industrial process gas compressors held a massive 35% share in the total demand from the China reciprocating compressors market. The demand for industrial process gas has been high in China in recent years, thus benefiting the market for the reciprocating compressors used for the purpose. The rising demand for oxygen from the China steel and iron industries has been a major contributor to the growth of the China reciprocating compressors market.

Browse Press Release:http://www.transparencymarketresearch.com/pressrelease/china-reciprocating-compressors-market.htm

China’s recent infrastructural boom is thus closely tied to the China reciprocating compressors market. Since the turn of the millennium, China has been at the forefront of industrial development in the world, with the country’s multipronged industrial goliath dwarfing virtually all other countries. The construction and automotive industries have benefited massively from the infrastructural growth in China, and since both utilize steel and/or iron in large amounts, the reciprocating compressors market in China has indirectly gained demand due to China’s infrastructural development.

Oil-free Reciprocating Compressors to Exhibit Highest CAGR 2015-2022

The dominance of industry process gas compressors in the China reciprocating compressors market notwithstanding, the segment of oil-free reciprocating compressors is expected to exhibit the highest CAGR from 2015 to 2022. Estimated to be rising at a CAGR of 8.60% in the given period, the oil-free reciprocating compressors segment of the China market is expected to benefit from the increasing focus on environment conservation in China.

Due to China’s rise as an industrial giant, pollution levels in the country have also risen massively. Major cities in China such as Beijing and Shanghai already count among the most polluted cities in the world. This has propelled the demand for oil-free reciprocating compressors.