Published: Jan, 2017
With the top four players contributing to more than one-third of the overall revenue generated, the global air compressor controller market exhibits a highly consolidated vendor landscape. These companies are Siemens AG, GE Measurement & Control Solutions, Compressor Control Solutions, and Emersion Climate Control Technologies, finds Transparency Market Research (TMR) in a new study.
“A majority of the leading companies operating in the global air compressor control market are focusing on establishing global footprint by targeting manufacturing, energy and mining, and oil and gas sectors,” said a lead TMR analyst. Also to ensure sustainable growth, the key players are offering retrofitting solutions for conventional compressor control systems, thereby providing long-term maintenance contract, which subsequently will enable them gain higher market share.
The strategies adopted by the key players will have a profound impact on the global air compressor controller market, which according to TMR will exhibit a CAGR of 5.8% between 2014 and 2022. At this pace, the market is expected to reach US$5.4 bn by the end of 2022, from a valuation of US$3.4 bn in 2014. By end-use industry, the oil and gas industry held dominance with a share of 25% in the global air compressor controller market in 2014. Regionally, the Middle East and Africa emerged dominant with a share of 26.3% in the overall market in the same year.
Government Policies Favoring Reduction in Energy Consumption across Industries to Promote Growth
The demand for air compressor controllers is rising at a fast pace due to their ability to offer efficient compressor operation at a lower cost. On average, an air compressor controller system accounts for nearly 10% of the overall electricity consumption by any industry. With governments around the world implementing stringent regulations to decrease electricity consumptions, industries are compelled to deploy compressor control systems. This will bring down the overall electricity consumption subsequently creating growth opportunities for the global air compressor controller market.
Furthermore, air compressor controllers incur substantially low maintenance cost, which is driving its adoption across diverse industries. The market is also expected to gain from the rising adoption of variable-speed air compressor controllers. As the leading companies continue focusing on expanding their footprint, they have made after-market services and retrofitting solutions more accessible for industries. Air compressor controller require frequent adjustments in order to optimally operate. Consequently, businesses look for retrofit and maintenance services to ensure unhindered operations. This according to TMR will augur well for the overall market.
Emergence of Regional Players to Limit Scope of Expansion
On the downside, the rising demand for retrofit and maintenance services has led to a spike in the number of regional market players. These companies, though smaller in size, exhibit strong competition. A few regional players are also looking to increase their market share through mergers and acquisitions. This increasing number of service providers could create bottlenecks for the global air compressor controller market.
Nevertheless, the market is expected to gain from the expansion of end users such as pharmaceutical and oil and gas industries. Furthermore, the rapid growth witnessed in the HVAC industry will create opportunities for the global air compressor controller market.
This review is based on a TMR report, titled “Air Compressor Controller Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022.”
The report segments the global air compressor controller market as:
Air Compressor Controller Market, by Component:
- Supervisory Control and Data Acquisition (SCADA)
- Programmable Logic Controller (PLC)
- Others (Actuators, Motors, Valves, etc)
Air Compressor Controller Market, by End-use Industry:
- Oil & gas
- Energy & Mining
- Heating, Ventilation and Air Conditioning (HVAC)
- Others (Cement, Processing Industry, Pharmaceuticals, etc.)
Air Compressor Controller Market, by Geography:
- North America
- Rest of North America
- Rest of Europe
- South Asia
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
- Latin America
- Rest of Latin America
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