- September 01, 2015
- Transparency Market Research
The market for air compressor controllers globally is forecast to reach US$ 5.44 Bn by 2022.The global air compressor controller market was valued at US$ 3.45 Bn in 2014 and the market is forecast to grow at a CAGR of 5.8% from 2015 to 2022
Air compressor controller systems determines the overall energy efficiency of an air compressor system. Proper control of the control system on the air compressor is extremely critical for high performance and efficient system operations. A key objective of any air compressor control mechanism is also to shut down unwanted compressors or delay the inclusion of additional compressors to the air compression system until needed.
Browse Full Global Air Compressor Controller Market Report With Complete TOC @ http://www.transparencymarketresearch.com/air-compressor-controller-market.html
Not a very long time ago, most air compressor controller systems used mechanical pressure switches, gauges and relays. Setup of these units is usually quite complicated and complex, especially during coordinating multiple air compressors. Modern day air compressor controllers use cutting edge electronic parts with advanced microprocessors that are programmed with suitable algorithms to make compressors work more efficiently. The efficiency of these modern day air compressor controllers can be further increased by incorporating more advanced features to the control algorithms.
The global air compressor controller market is a billion dollar market, and the demand for increasingly sophisticated controller mechanisms is on a constant rise from the flourishing oil and gas, petrochemical, and energy and mining industries across the globe, which are the major end users of air compressor systems.
Global Market for Air Compressor Controller Systems: Market Dynamics
A report published by Transparency Market Research, covering the global market for air compressor controllers, states that the market will develop at a 5.8% CAGR over the period 2015-22 and rise to US$ 5.44 billion by 2022. The market had a net value of US$3.45 billion in 2014.
The key driving forces for the market are the low maintenance costs of air compressors, provision of after-market service by major producers, and the rising adoption of variable speed air compressor control systems across various industries. The rising demand for efficient air compressor controllers from the oil and gas industry is also a key factor driving the global air compressor controller market. The rising adoption of air compressor controllers in the extraction of natural gas from shale reserves is also expected to drive the global market.
Browse the full Air Compressor Controller Market Press Release report at http://www.transparencymarketresearch.com/pressrelease/air-compressor-controller-market.htm
Global Air Compressor Controller Systems Market: Competitive Analysis
The report states that the global market for air compressor controller systems is moderately consolidated. However, the global market is significantly impacted by regional players. The market exhibits a high level of competitiveness when it comes to technological advancements and development of increasingly reliable and efficient air compressor controllers.
Some of the key businesses operating in the market include Compressor Controls Corporation, Siemens AG, Emerson Climate Technologies, and GE Measurement & Control Solutions. Acquisition of regional players is a prominent strategy adopted by these global compressor controls manufacturers. These businesses, besides offering controllers with integrated control functionalities, are also known to provide retrofitting solutions for air compressors systems already installed at client bases. Schneider Electric SE, Gardner Denver, Inc., FS-Elliot Co. Ltd, Rockwell Automation, Inc., Petrotech, Inc., Johnson Controls, Inc., and Ingersoll Rand plc. are some of the other major manufacturers of air compressor control systems in the global market.
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