Technavio
has announced the top six leading vendors in their recent global
gas compressors market report. This research report also
lists 32 other prominent vendors that are expected to impact the market
during the forecast period.
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Technavio has published a new report on the global gas compressors market from 2017-2021. (Graphic: Business Wire)
Major end-user industries such as oil and gas and power generation
industries are experiencing a phase of slow growth. As a result, the
demand for compressors is primarily expected to be generated from
replacement activities. In the oil and gas sector, several recent
exploration attempts have turned out to be failures. Thus, the
production in the existing rigs has increased.
Competitive vendor landscape
According to the report, companies should expand their business in an
environmentally, economically, and socially responsible way. To achieve
this, companies should focus on increasing their market presence
worldwide, expanding market penetration in mature and developing
markets, and continuously developing enhanced products and solutions to
cater to the customer demands.
“The vendors are trying to enhance their product portfolio and
service offering. They are also expanding the market coverage and
customer base to gain a competitive edge over their peers,” says
Gaurav Mohindru, a lead unit
operations research analyst from Technavio.
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Top six gas compressors market vendors
Atlas Copco
Atlas Copco develops, manufactures, and markets compressed air equipment
and generators, electric and pneumatic tools, construction and mining
equipment, and assembly systems, and offers related services. It mainly
markets its products to manufacturing, construction, building, and
mining companies worldwide.
GE
GE is a diversified infrastructure, healthcare, and financial services
company. It operates through more than 100 subsidiaries to serve
customers in over 170 countries.
Ingersoll Rand
Ingersoll Rand manufactures and markets products and services that cater
to the needs of quality and comfort of air in industrial productivity,
transport, home, buildings, and to protect food and perishables. The
company's brands, including Club Car, Thermo King, Ingersoll Rand, and
Trane, work together to enhance the quality and comfort of air in
buildings, secure homes, and commercial properties; increase industrial
productivity and efficiency; and transport and protect food and
perishables.
Siemens
Siemens is a Germany-based multinational conglomerate, with core
activities in fields of energy, healthcare, industry, and infrastructure
sectors. It focuses on areas of electrification, automation, and
digitalization.
Sulzer
Sulzer offers its products to various industries including oil and gas,
hydrocarbon processing, power generation, water, automotive, and
aviation. The company operates through three reportable divisions,
namely Sulzer Pumps, Sulzer Chemtech, and Sulzer Turbo Services.
Wuxi Compressor
Wuxi Compressor produces compressors. Its products include process
compressors, labyrinth compressors, centrifugal compressors, general
compressors, and airport ground support equipment. It also offers parts
management services.
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About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
If you are interested in more information, please contact our media team
at media@technavio.com.
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