Reciprocating Compressor Market: Estimated To Record Highest CAGR By 2019 - 2027
Reciprocating Compressor Market: Overview According to a new market report pertaining to the global reciprocating compressor market published by Transparency Market Research, the global reciprocating compressor market is anticipated to reach ~US$ 6.2 Bn by 2027 . The reciprocating compressor market is projected to expand at a CAGR of 3.5% from 2019 to 2027 in terms of sale. Growth of the reciprocating compressor market can be attributed to increasing adoption of oil free reciprocating compressors and energy efficient reciprocating compressors globally. Over the forecast period, Asia Pacific is projected to emerge as the leading reciprocating compressor market, followed by North America. Rise in Adoption of Reciprocating Compressors in Iron and Steel Production Processes to Drive Global Market The steel industry has witnessed significant increase in production capacity over the last decade, due to a rise ...