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Global Info Research offers a latest published report on Gas Compressors Market Analysis and Forecast 2019-2024 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 158 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
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A gas compressor is a mechanical device that increases the pressure of a gas by reducing its volume. This report is about the gas compressor for argon, ethylene, fluorine, helium, hydrogen, oxygen, neon, nitrogen, silane, TFE, xenon and other gases. An air compressor is a specific type of gas compressor, which is not within the scope of the statistics of this report.
Affected by the overall economic environment, compared with 2015-2016, the market recovery in 2017-2018 is obvious. Order volumes increased for gas compressors, primarily driven by increased demand for large industrial compressors and gas and process compressors in Asia and Europe. The maturity of shale gas mining technology in North America has also contributed to the development of this market.
The global Gas Compressors market is valued at USD 5.18 billion in 2018 and is expected to reach USD 6.85 billion by the end of 2025, growing at a CAGR of 4.06% between 2018 and 2025.
North America is the largest consumer of Gas Compressors, which has a consumption of 3534 units in 2018.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area; the future will still have more new investment enter the field.
Along with the development of Chinese domestic Gas Compressors, Chinese Gas Compressors has been very mature and advanced, and the performance distance has been shortening compared with the imported Gas Compressors.
As large demand of high-end products at home and abroad, many companies began to enter the field of high-end. Currently, the Chinese Gas Compressors industry is not only begin to transit to high-end Gas Compressors products, while still extend in the resource-rich land and downstream industry chain.
It takes years of accumulated technology to produce high-end Gas Compressors products, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the Gas Compressorss field.
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