Global Compressor Control Systems Market 2024-2028
The compressor control systems market is forecasted to grow by USD 1238.3 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the compressor control systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing focus on improving energy efficiency of compressors, growing global industrial refrigeration systems market, and global shift to natural gas.
Technavio's compressor control systems market is segmented as below:
- By Product
- Control elements
- Communication
- By End-user
- Process manufacturing
- Discrete manufacturing
- By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the provision of waste heat recovery as one of the prime reasons driving the compressor control systems market growth during the next few years. Also, growth of compressor rental market and slow rise in investments by automobile industry will lead to sizable demand in the market.
The report on the compressor control systems market covers the following areas:
- Compressor control systems market sizing
- Compressor control systems market forecast
- Compressor control systems market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading compressor control systems market vendors that include ABB Ltd., Atlas Copco AB, Baker Hughes Co., BOGE, Case Controls, ComAp AS, Connell Industries Inc., Emerson Electric Co., FS ELLIOTT Co. LLC, HOERBIGER Holding AG, Honeywell International Inc., Ing. Enea Mattei Spa, Ingersoll Rand Inc., KAESER KOMPRESSOREN SE, MAPNA Group Co., Petrotech Inc., RENNER GmbH Kompressoren, Rockwell Automation Inc., Schneider Electric SE, and Woodward Inc.. Also, the compressor control systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.