Compressor Market Analysis, Share, Size and Forecast to 2020

Technavio Announces the Publication of its Research Report Global Compressor Market 2016-2020

Technavio recognizes the following companies as the key players in the global compressor market: Atlas Copco, Ingersoll-Rand, Siemens, Sulzer, and Wuxi Compressor.

Other Prominent Vendors in the market are: BOGE, Doosan, ELGI, Fusheng, Gardner Denver, Hanbell, KAESER, KAESER, Kirloskar, and Shanghai Screw Compressor.

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Commenting on the report, an analyst from Technavio’s team said: “Innovation of next-generation air compressors will be a key trend for market growth. The vendors are now manufacturing air compressors that make use of variable speed technology and a special drive to manipulate the speed. A variable speed drive automatically controls the compressor operation based on the user's requirement for compressed air. The peerless energy efficiency provided by this type of air compressors is attributed to their continuous and real-time operational nature. This helps in reducing the demand for electric power and fuel, thus aiding in decreasing the emission levels as well.”
According to the report, one of the key drivers for market growth will be increase in demand from oil and gas industry in Middle East and China. The growth of the global oil and gas industry has led to a hike in demand for air compressors. Compressors are used in a variety of applications ranging from the extraction of crude oil and gas to the point it reaches the end customers through the refinery and associated pipelines. Compressed air is widely used in sweetening of gasoline, oxidation of sour water, catalyst regeneration, and removal of sulfur.

Further, the report states that uncertainty in the raw material price will be a challenge for the market. Although the production cost in developing countries in APAC, such as China, is comparatively lower compared with the...