Report forecast the global compressor market to grow at a
CAGR of 6.5% during the period 2016-2020.
Compressors are mechanical devices that compress air or gas
in a sealed unit and deliver it at the desired pressure levels. Compressors are
categorized as air compressors and gas compressors. An air compressor is a
device that compresses and pressurizes air and thereby, converts its potential
energy into kinetic energy. A gas compressor is a device that reduces the
volume of gas to increase its pressure following the principle of Boyle's law.
An air compressor is a distinct type of gas compressor. Compressors are used in
several applications across the oil and gas, petrochemicals and chemicals,
power generation, desalination, water and wastewater treatment, mining and
cement, and fertilizers industries. The major types of compressors considered
in this report are centrifugal compressors and positive displacement
compressors.
The report covers the present scenario and the growth
prospects of the global compressor market for 2016-2020. To calculate the
market size, Technavio considers the revenue generated from the sale of
compressors in the end-user industries like oil and gas and manufacturing.
The market is divided into the following segments based
on geography:
- Americas
- APAC
- EMEA
According to the report, one of the key drivers for market
growth will be increase in demand from oil and gas industry in Middle East and
China. The growth of the global oil and gas industry has led to a hike in
demand for air compressors. Compressors are used in a variety of applications
ranging from the extraction of crude oil and gas to the point it reaches the
end customers through the refinery and associated pipelines. Compressed air is
widely used in sweetening of gasoline, oxidation of sour water, catalyst
regeneration, and removal of sulfur.
Further, the report states that uncertainty in the raw
material price will be a challenge for the market. Although the production cost
in developing countries in APAC, such as China, is comparatively lower compared
with the developed countries in EMEA and the Americas, the unpredictability of
raw material prices is affecting the vendors in the global air compressor
market extensively. The main raw materials used in the production of
compressors include aluminum, steel, and castings. It may also include bearings
and crankshafts. The cost of these inputs do not remain constant but fluctuate
continuously, due to their scarcity and inflationary pressures. Fluctuations in
raw material prices impact the productivity of vendors, in terms of the number
of units they need to manufacture.
Global Compressor Market 2016-2020, has been prepared
based on an in-depth market analysis with inputs from industry experts. The
report covers the market landscape and its growth prospects over the coming
years. The report also includes a discussion of the key vendors operating in
this market.
key players in the global compressor market: Atlas Copco, Ingersoll-Rand, Siemens, Sulzer,
and Wuxi Compressor.
Other Prominent Vendors in the market are: BOGE, Doosan,
ELGI, Fusheng, Gardner Denver, Hanbell, KAESER, KAESER, Kirloskar, and Shanghai
Screw Compressor.
Market driver
- Increase in demand from oil and gas industry in Middle East and China
- For a full, detailed list, view our report
Market challenge
- Uncertainty in the raw material price
- For a full, detailed list, view our report
Market trend
- Next-generation air compressors
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 64 pages and 22 Exhibit “Global
Compressor Market 2016 - 2020” report covers Executive summary, Scope of the
report, Market research methodology, Introduction, Market landscape, Market
segmentation by end-user, Geographical segmentation, Market drivers, Impact of
drivers, Market challenges, Impact of drivers and challenges, Market trends,
Vendor landscape, Key vendor analysis, Appendix.
For
more information Visit at: http://mrr.cm/JCt
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