Report forecast the global air compressor market in oil and
gas industry to grow at a CAGR of 7.2% 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 can
be divided into air compressors and gas compressors. An air compressor is a
device that compresses and pressurizes air to convert power into kinetic
energy, whereas a gas compressor reduces the volume of gas to increase its
pressure, following the principle of Boyle's law. An air compressor is
essentially a distinct type of gas compressor.
The report covers the present scenario and the growth
prospects of the global air compressor market in oil and gas industry for
2016-2020. The report presents the vendor landscape and a corresponding
detailed analysis of the top vendors in the market, excluding their market
share analysis.
The market is divided into the following segments based
on geography:
- Americas
- APAC
- EMEA
According to the report, growing oil and gas industry in
China will be a key driver for market growth. Over the past few years, China
has been among the top energy consumers globally. In 2011, it became the
largest global energy consumer and the second-largest oil consumer, after the
US. By the end of 2013, China surpassed the US to become the world's largest
importer of crude oil and petroleum products due to the country's increasing
consumption of oil.
Further, the report states that volatile raw material prices
will be a challenge for the market. Though the production cost in developing
countries in APAC, such as China, is comparatively lower than in the developed
countries of EMEA and the Americas, volatility in raw material prices is
adversely affecting the global air compressor market vendors. The principal 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 does not remain constant but fluctuate continuously, due to their
scarcity and inflationary pressures.
Global Air Compressor Market in Oil and Gas Industry
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 air compressor market in oil and
gas industry: Atlas Copco, GE, Ingersoll-Rand, Siemens, and Sulzer.
Other Prominent Vendors in the market are: BOGE, Doosan,
ELGI, Fusheng, Gardner Denver, Hanbell, Kaeser, Kaishan, Kirloskar, Siemens,
Shanghai Screw Compressor, and Wuxi Compressor.
Market driver
- Demand from oil and gas industry in Middle East
- For a full, detailed list, view our report
Market challenge
- Instability in oil and gas prices
- 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 56 pages and 24 Exhibit “Global
Air Compressor Market in Oil and Gas Industry 2016 - 2020” report covers Executive
summary, Scope of the report, Market research methodology, Introduction, Market
landscape, Market segmentation by product, 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/JHk
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