Reciprocating Compressors Market (Upstream Oil and Gas, Refinery, Industrial Gases, LNG and CNG Transport) by 2022
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...
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