Compressor Control System Market Forecasts to 2030 – Global Analysis By Component (Controlling Component, Networking Component and Other Components), Pressure (Low Pressure Compressors (LPACs), Medium Pressure Compressors (MPACs) and High Pressure Compres

Compressor Control System Market Forecasts to 2030 – Global Analysis By Component (Controlling Component, Networking Component and Other Components), Pressure (Low Pressure Compressors (LPACs), Medium Pressure Compressors (MPACs) and High Pressure Compressors (HPACs)), Application and By Geography

According to Stratistics MRC, the Global Compressor Control System Market is accounted for $6.81 billion in 2023 and is expected to reach $10.73 billion by 2030 growing at a CAGR of 6.7% during the forecast period. A compressor control system is a tool or collection of tools used to regulate the pressure and/or speed of a compressor. Monitoring and modifying the compressed machine are both made possible by a compressor control system. Sensor systems mounted on auxiliary components are a part of compressor control systems. These sensors keep an eye on the surroundings outside the compressor. It is used to maximize plant efficiency and maintain constant pressure levels in the air or gas supply.

Market Dynamics:

Driver:

Growing application in numerous industrial sectors

In the industrial world, compressors are used to move gas through pipelines, supply shop or instrument air, power air tools, paint sprayers, and abrasive blast equipment, phase-shift refrigerants for air conditioning and refrigeration, and more. Petrochemicals, metals and mining, oil and gas, power generation, and refining sectors are some of the key industries where compressor control systems are used. Compressors are necessary for organizations of all sizes to operate more effectively. The energy efficiency, sophisticated monitoring and integration, and increased performance and dependability of compressor control systems are fueling the segment's growth.

Restraint:

Volatility in oil & gas prices

Oils serve a number of crucial purposes for compressors. Specially designed oils serve as both lubricants and coolants for these devices. Oil guards against overheating and minimizes friction, which shields compressors from early demise. Crude oil price swings are a common occurrence in the market that are influenced by a number of variables, including supply and demand, geopolitics, and the policies of nations that produce the commodity. This element makes it much more difficult for the market to grow.

Opportunity:

Technological proliferation

Many industrial processes depend on compressor control systems, which are employed in a variety of applications. Pressure control, single pressure band control, flow feedback and decision-making, artificial intelligence, and predictive analysis are just a few of the numerous advancements that are being made. One of the key reasons influencing the expansion of the compressor control system market is the increase in technological advances along with the growth of the manufacturing sector globally.

Threat:

Requires repetitive maintenance

The maintenance of compressor control systems is highly specialized and expensive. They are sensitive to variations in humidity and temperature. They may not be appropriate for applications that need varied flow rates since they have limited flexibility to turn down. Both air filters and oil separators are essential for the proper operation of the compressor and should be inspected, cleaned, and changed on a regular basis. Additionally, the air intake filter has to be inspected and changed often. Because of the high expenses associated with such frequent replacements and maintenance, the market's expansion is being hampered.

Covid-19 Impact

The COVID-19 had a negative impact on the compressor control system market owing to the strict lockdowns and social distancing to contain the spread of the virus. The demand for compressor control systems was influenced by the uncertain economy, a partial corporate closure, and poor consumer confidence. During the epidemic, the supply chain was impeded along with logistical operations. Due to the loosening of the constraints, the market for compressor control systems is anticipated to pick up speed in the post-pandemic environment.

The controlling component segment is expected to be the largest during the forecast period

The controlling component segment is estimated to have a lucrative growth. The SCADA sector is rapidly expanding as a means for controlling components. The SCADA system provides information on the number of hours that each compressor has been working, the load condition of each compressor, and the motor kilowatt status. The daily, weekly, and monthly electricity use is also shown graphically. The segment demand is being driven up by its controlling, monitoring, real-time visualization, and analysis of industrial equipment and processes.

The oil & gas segment is expected to have the highest CAGR during the forecast period

The oil & gas segment is anticipated to witness the fastest CAGR growth during the forecast period. Natural gas may be moved from the production site, via the supply chain, and to the customer through mechanical equipment called compressors, which raise the gas's pressure. Numerous uses for gas compressors may be found in the gathering, storing, and refining of oil and gas. The compressor control system market is expected to benefit from increased shale gas extraction and will also present many prospects for market expansion.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the raising industries. Both technically trained labor and affordable labor are readily available in this region. Rapid industrialisation is taking place in Asia Pacific. Over the course of the projected period, market expansion is anticipated to be driven by rising government efforts for the construction of industrial facilities as well as increased investment in sectors like oil and gas and power generation.

Region with highest CAGR:

Middle East & Africa is projected to have the highest CAGR over the forecast period. Compressor controllers are in great demand in this region due to the significant amount of oil and gas exploration and production operations that take place there. Numerous international corporations have built factories or formed partnerships with local suppliers from developing nations in the area. The region's expanding mining, energy, and oil & gas industries are fueling market expansion.

Key players in the market

Some of the key players profiled in the Compressor Control System Market include Siemens AG, John Wood Group PLC, Compressor Controls Corporation, ABB Ltd., Dresser-Rand, Atlas Copco, Rockwell Automation, Inc., GE Electric Co., Emerson Electric Co., Woodward Inc, Schneider Electric SE, RENNER Kompressoren, Ingersoll Rand PLC., Zebra Technologies, Illinois Tool Works, Anest Iwata, Lufkin Industries, Honeywell International Inc and Gardner Corporation.

Key Developments:

In April 2023, Honeywell announced that it has agreed to acquire Compressor Controls Corporation (CCC) from INDICOR, LLC, which is owned by funds affiliated with private equity firm Clayton, Dubilier & Rice, LLC and Roper Technologies. The acquisition will be integrated into Honeywell's Process Solutions business and will strengthen Honeywell's leadership in industrial control, automation and process solutions, enabling customers to accelerate their energy transition.

In November 2021, Compressor Controls LLC (CCC) and Yokogawa Electric Corporation announced that they have concluded a commercial agreement for the sale of a jointly developed solution, CCC Inside™ for Yokogawa CENTUM VP, that integrates Yokogawa's process control technology and CCC's turbomachinery control technology.

Components Covered:
• Controlling Component
• Networking Component
• Other Components

Pressures Covered:
• Low Pressure Compressors (LPACs)
• Medium Pressure Compressors (MPACs)
• High Pressure Compressors (HPACs)

Applications Covered:
• Petrochemical
• Oil & Gas
• Refining
• Metals & Mining
• Power Generation
• Water & Wastewater
• Fertilizers
• Cement
• Automotive
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements



Companies Mentioned
Siemens AG
John Wood Group PLC
Compressor Controls Corporation
ABB Ltd.
Dresser-Rand
Atlas Copco
Rockwell Automation, Inc.
GE Electric Co.
Emerson Electric Co.
Woodward Inc
Schneider Electric SE
RENNER Kompressoren
Ingersoll Rand PLC.
Zebra Technologies
Illinois Tool Works
Anest Iwata
Lufkin Industries
Honeywell International Inc
Gardner Corporation