Compressor Control System Market 2016 - Global Forecast to 2022 for the Oil & Gas, Refining, Petrochemical, Power Generation, Metals & Mining, Water & Wastewater and Fertilizer Markets - Research and Markets
Research and Markets has announced the addition of the "Compressor
Control System Market by Component, Application, and Geography - Global
Forecast to 2022" report to their offering.
The global compressor control systems market was estimated to be worth
USD 4.60 billion in 2015 and is expected to reach USD 6.39 billion by
2022, at a CAGR of 4.7% between 2016 and 2022.
The compressor control systems market is projected to grow rapidly due
to advancements in technology and innovation. Major drivers for the
compressor control systems market are increasing product quality
specifications for critical industrial processes and large-scale
application in industries such as oil & gas, refining, and petrochemical.
Applications in the fertilizers industry to experience highest growth
during the forecast period
The compressor control systems market is segmented on the basis of
applications such as oil & gas, refining, petrochemical, power
generation, metals & mining, fertilizers, water & wastewater, and
others. The increasing demand for food has led to a high investment in
fertilizer factories; this in turn is expected to drive the compressor
control systems market as fertilizer production plants commonly require
large air compressors, nitrogen compressors, and syngas compressors.
The report gives an overview of the major geographic regions in the
compressor control systems market such as the Americas, Europe,
Asia-Pacific (APAC), and the Rest of the World (RoW). The Americas led
the global compressor control systems market in 2015, driven by
significant penetration of compressor control systems in various sectors
and the presence of advanced infrastructure in the region. The Americas
is expected to experience a high demand for compressor control systems
as they are widely used in industries such as energy and mining, oil &
gas, and water and wastewater treatment and air conditioning (HVAC)
industries in this region.
The breakup of primaries conducted during the study is depicted below:
- By Company type: Tier1 Companies: 50%, Tier 2 Companies: 33%, and Tier
3 Companies: 17%
- By Designation: C-level: 34%, Director Level: 33%, and Others: 33%
- By Region: Americas: 50%, Europe: 33%, and Asia-Pacific: 17%
- The key players in the compressor control systems market are General
Electric Co. (U.S.), Rockwell Automation, Inc. (U.S.), Schneider
Electric (France), Siemens AG (Germany), Alstom (France), Mitsubishi
Heavy Industries Ltd. (Japan), and ABB Limited (Switzerland).
For more information visit http://www.researchandmarkets.com/research/czjpr7/compressor
View source version on businesswire.com: http://www.businesswire.com/news/home/20160517005873/en/
Copyright Business Wire 2016
Source: Business Wire
(May 17, 2016 - 7:07 AM EDT)
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