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Chinese Process Gas Compressors Market : Increasing Demand for Natural Gas Sustains Market Growth

Chinese Process Gas Compressors Market : Increasing Demand for Natural Gas Sustains Market Growth

  • January 2015
  • 99 pages
  • ID: 2649487
  • Format: PDF
  • By Frost & Sullivan

Summary

Table of Contents

Key Findings

•The total Chinese process gas compressors market generated revenue of $ x million in 2014. The market is expected to grow at a compound annual growth rate (CAGR) of x % between 2014 to 2021.
•However, China faces years of slowing gross domestic product (GDP) growth, which is likely to slow the growth of process gas compressors due to overcapacity and decreasing domestic demand.
•When compared with rotary compressors and reciprocating compressors, centrifugal compressors will remain the leading product segment over the forecast period.
•Advancements within centrifugal and rotary compressors will see reciprocating compressors’ market share fall as they are replaced with other product types due to their increased efficiency and reduced maintenance.
•Replacements and retrofits from the increased demand of plant automation at operation sites have boosted the demand for process gas compressors.
•Increased expenditure in gas distribution and transportation is the main factor driving the demand for process gas compressors in China.
•Eastern China has the highest regional concentration of process gas compressors production.

CEO’s Perspective

Being able to offer a wide range of high-quality compressed gas services will be a key competitive differentiator.
Increasing demand for automation in process industries drives growth.
Increased investments in gas-fired power plants is likely to provide growth opportunities for the centrifugal gas compressor segment.
Service and maintenance are the best tools to capture the market.
Several leading manufacturers believe that achieving higher efficiency in compressor design is the key to success.

Key Questions This Study Will Answer

Is the market growing, how long will it continue to grow, and at what rate?
What are the key factors that will drive the growth of the market?
What are the restraints faced by the market participants? What is their expected impact?
What are the major end-user industries for compressors? How are they expected to grow during the forecast period?
Which types of compressors are expected to show strong growth?
What are the major industry participants? What are their relative positions in the Chinese process gas compressors market?

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