Air Compressor Controller Market Key Participants, Growth Trends, and SWOT Analysis, 2021
The factors that are playing a major role in the growth of the market are the growing acceptance of variable-speed air compressor controllers, low-cost operation, and low maintenance of air compressor is rising demand across industries.
(firmenpresse) - Global air compressor controller market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Air compressor controller mechanizes compressor control to deliver improved quality air. It helps to reduce energy consumption in compressor systems and enhance their efficacy.
The factors that are playing a major role in the growth of the market are the growing acceptance of variable-speed air compressor controllers, low-cost operation, and low maintenance of air compressor is rising demand across industries. However, the growing number of service providers in the local markets may restrain overall market growth in the years to come. The market is segmented based on component, end-user and region.
Drives, Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC), and other components could be explored in air compressor controller market in the forecast period. The other sector comprises valves, actuators, and motors. SCADA accounted for the substantial share of air compressor controller market and is estimated to lead the overall market in the years to come. In addition, PLC and the other components are estimated to grow at the fastest pace in the years to come.
The market may be categorized based on end-users like energy & mining, oil & gas, petrochemical, pharmaceuticals, cement, processing industry, heating, ventilation and air conditioning (HVAC) and others could be explored in the forecast period. HVAC sector accounted for the substantial share of the market and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the growing demand in commercial spaces across the globe.
Globally, North America accounted for the substantial share of the market and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the rising demand from end-users and the presence of key manufacturers in the region. In addition, MEA is estimated to account for a significant share of air compressor controller industry in the years to come. In terms of oil production, United Arab Emirates, Saudi Arabia, Nigeria, Iraq, and Libya are the major contributors.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of air compressor controller in this region.
The key players of air compressor controller market are Emerson Climate Technologies, Siemens AG, Compressor Controls Corporation, GE Measurement & Control Solutions, Schneider Electric SE, FS-Elliot Co. Ltd., Gardner Denver, Inc., Ingersoll Rand plc, Rockwell Automation, Inc., Petrotech, Inc., and Johnson Controls, Inc. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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Datum: 28.02.2020 - 09:14 Uhr
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