Air Compressor Market Growth, Trends and Forecast

Technavio Announces the Publication of its Research Report – Global Air Compressor Market in Oil and Gas Industry 2016-2020
Technavio recognizes the following companies as the 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.
Commenting on the report, an analyst from Technavio’s team said: “Next-generation air compressors will be a key trend for market growth. Leading vendors in the global air compressor market are continuously innovating their product offerings to provide differentiated offerings in the highly competitive market. Vendors are employing extensive R&D to incorporate VSDs into their air compressors. One such innovation relates to the use of variable speed technology and a special drive to manipulate the speed in air compressors. This helps in substantial reduction in energy consumption of up to 35% when compared with fixed speed air compressors. Vendors are now citing VSD technology as the most superior control technology available in the market as it aids in high energy savings for the oil and gas industry.”

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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...