Global Air Compressor Controller Market to Expand at 5.80% CAGR 2015-2022


Posted May 10, 2016 by john55364

The global air compressor controllers market is expected to reach US$5.44 billion by 2022 from a value of US$3.45 billion in 2014. The market is growing at a healthy CAGR of 5.8% from 2015 to 2022.

 
Transparency Market Research, in a report titled “Air Compressor Controller Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022,” states that the global air compressor controllers market for is poised to expand at a 5.80% CAGR from 2015 to 2022. The value of the global market was pegged at US$3.4 bn in 2014 and is estimated to rise to US$5.4 bn by 2022.

Air compressor controller systems are extremely vital for efficient system operation and improved performance, since they determine the overall energy efficiency of any air compressor system. These devices aid in protecting compressors from surge events, reducing energy consumption, and providing maximum efficiency. Air compressor controllers are used across several industrial segments, given their rising potential in sectors such as oil and gas, energy and mining, and petrochemicals.

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By component, the air compressor controller market is categorized into programmable logic controllers (PLC), supervisory control and data acquisition (SCADA), drives, and others such as motors, actuators, and valves. The report states that PLC and SCADA held the largest share in the overall market thanks to the growing retrofit business for compressor controllers.

On the basis of application, the air compressor controller market is divided into petrochemical, heating, ventilation, and air conditioning (HVAC), oil and gas, energy and mining, and others such as processing, cement, and pharmaceuticals. Petrochemical, oil and gas, and energy and mining have been the largest contributors to the overall market given that the demand for compressed air is consistently high in these sectors. The demand for HVAC systems in commercial spaces is a key factor driving the demand for air compressor controllers from the HVAC segment.

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The global air compressor controller market is geographically segmented into Europe, the Middle East and Africa, North America, Latin America, and Asia Pacific. North America is a major contributor to the growth of the air compressor controller market, with a large number of manufacturers based in this region. Air compressor controllers are used by several energy and mining, oil and gas, HVAC, and pharma companies in North America. The Middle East and Africa region is also a major market for air compressor controllers, with countries such as Iraq, Libya, Saudi Arabia, Nigeria, and the United Arab Emirates emerging as the leading revenue generators. Given that these countries contribute significantly to the global economy in terms of oil production, the requirement for compression control is high in the MEA region.

Schneider Electric SE, GE Measurement & Control Solutions, Emerson Climate Technologies, Gardner Denver, Inc., Johnson Controls, Inc., Siemens AG, Ingersoll Rand plc, FS-Elliot Co. Ltd., Rockwell Automation, Inc., Compressor Controls Corporation, and Petrotech, Inc. are some of the leading companies actively participating in the air compressor controller market. These players are reviewed in the report based on aspects such as company overview, financial standing, business strategies, and recent developments. With the help of a SWOT analysis, the report sheds light on the strengths, weaknesses, opportunities, and threats of each of the companies featured in the report.

Air Compressor Controller Market, by Component:

Supervisory Control and Data Acquisition (SCADA)
Programmable Logic Controller (PLC)
Drives
Others (Actuators, Motors, Valves, etc)

Air Compressor Controller Market, by End-use Industry:

Oil & gas
Petrochemical
Energy & Mining
Heating, Ventilation and Air Conditioning (HVAC)
Others (Cement, Processing Industry, Pharmaceuticals, etc.)

Air Compressor Controller Market, by Geography:

North America
U.S.
Rest of North America

Europe
EU7
CIS
Scandinavia
Rest of Europe

Asia-Pacific
Japan
China
South Asia
Australasia
Rest of Asia Pacific

Middle East and Africa (MEA)
GCC Countries
North Africa
South Africa
Rest of MEA

Latin America
Brazil
Rest of Latin America

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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Issued By Mr.Sudip S
Country United States
Categories Technology
Tags air compressor controller market , global air compressor controller market
Last Updated May 10, 2016