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.
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.
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.
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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.
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