According to the global Reciprocating Compressor Market report published by Value Market Research, the key players in the reciprocating compressor market includes Ariel Corp., Atlas Copco, Burckhardt Compression, Corken, Fusheng, Gardner Denver, GE, Hitachi, and Others.
Growing demand from the refinery and LNG & CNG transport & storage plants are expected to drive the market growth. Further market growth can be attributed to significant features associated with the reciprocating compressor such as high efficiency and their ability to produce both high pressure and power. However, global reciprocating compressors market is being restrained by the fraudulent imitation of compressor designs. The intense price competition is also hampering the profitability of compressor vendors in the overall market.
The broad reciprocating compressor market has been sub-grouped into product type and application. the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for reciprocating compressor in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By Product Type
- Vertical
- Horizontal
- Angular
By Application
- Refinery
- Industrial Gases
- LNG and CNG Transport and Storage
- Ethylene and LDPE Plants
- Others
Source: https://www.valuemarketresearch.com/report/reciprocating-compressor-market
Naira Shekhawat has been into Content Writing just after completing her Graduation in English Literature. Her love for words has won her many accolades in her respective jobs ever since. Naira covers business sections for VMR News. She is a traveller by heart and loves writing on food blogs as a freelancer.