Compressor Control System Market - Forecasts from 2017 to 2022
Global Compressor Control System Market is set to expand at a CAGR of 5.05% to reach US$5.923 billion by 2022, increasing from US$4.630 billion in 2017. Compressor Control Systems has a wide range of applications in power generation, chemical, mining, and refining industries. The major factors propelling the growth of compressor control systems market can be attributed to the improvement in product quality specifications for critical industrial processes and large-scale application across different industries. The major restraining factors are high initial cost, frequent maintenance of the compressor control systems and volatile oil and gas industry, which could hamper the investments and restrain the market growth.
By Application
By application, oil and gas industry is expected to hold the largest market share by the end of forecasted period. Factors like rapid industrialization and urbanization are driving the demand for oil and gas while propelling the industry growth. Moreover, increasing adoption of compressor control systems in this industry for various core activities will boost the segment’s growth over the forecast period.
By Geography
Geographically, North America region accounted for a significant market share of the global compressor control systems market in 2016, followed by Europe. Factors like expanding mining activities, mounting concern over water consumption and initiatives being taken towards wastewater management are some of the factors significantly contributing to the market growth. However, Asia Pacific region is expected to grow at the fastest rate on account of rapid industrialization, and in turn boosting the demand for these systems across various industries over the next five years.
Competitive Insight
The compressor control system market is fragmented owing to the presence of multiple players. Product innovation is the key strategy being adopted by the vendors to maintain a competitive edge. Moreover, the players are focusing on providing customized solution to improve customer satisfaction. The major players discussed in the report include Dresser-Rand, Ingersoll Rand, ABB, Atlas Copco, GE, Wood Group, Rockwell Automation, Schneider Electric, Siemens, and Compressor Controls Corporation. Vendors need to focus on advanced smart control systems to expand their product offerings.
Segmentation
Compressor control system market has been segmented by component, application, and geography as below:
By Component
SCADA
PLC
Switches
Motors
Transmitters
Valves
Others
By Application
Energy and Power
Oil and Gas
Refining
Chemical
Mining
Water & Wastewater
Others
By Geography
Americas
North America
U.S.
Canada
Mexico
Others
South America
Brazil
Argentina
Others
Europe Middle East and Africa
Europe
UK
Germany
France
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
Japan
China
India
Australia
Others
By Application
By application, oil and gas industry is expected to hold the largest market share by the end of forecasted period. Factors like rapid industrialization and urbanization are driving the demand for oil and gas while propelling the industry growth. Moreover, increasing adoption of compressor control systems in this industry for various core activities will boost the segment’s growth over the forecast period.
By Geography
Geographically, North America region accounted for a significant market share of the global compressor control systems market in 2016, followed by Europe. Factors like expanding mining activities, mounting concern over water consumption and initiatives being taken towards wastewater management are some of the factors significantly contributing to the market growth. However, Asia Pacific region is expected to grow at the fastest rate on account of rapid industrialization, and in turn boosting the demand for these systems across various industries over the next five years.
Competitive Insight
The compressor control system market is fragmented owing to the presence of multiple players. Product innovation is the key strategy being adopted by the vendors to maintain a competitive edge. Moreover, the players are focusing on providing customized solution to improve customer satisfaction. The major players discussed in the report include Dresser-Rand, Ingersoll Rand, ABB, Atlas Copco, GE, Wood Group, Rockwell Automation, Schneider Electric, Siemens, and Compressor Controls Corporation. Vendors need to focus on advanced smart control systems to expand their product offerings.
Segmentation
Compressor control system market has been segmented by component, application, and geography as below:
By Component
SCADA
PLC
Switches
Motors
Transmitters
Valves
Others
By Application
Energy and Power
Oil and Gas
Refining
Chemical
Mining
Water & Wastewater
Others
By Geography
Americas
North America
U.S.
Canada
Mexico
Others
South America
Brazil
Argentina
Others
Europe Middle East and Africa
Europe
UK
Germany
France
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
Japan
China
India
Australia
Others
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Overview and Segmentation
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Supplier Outlook
4.6. Industry Outlook
4.7. Porter’s 5 Forces Analysis
4.8. Industry Value Chain Analysis
4.9. Industry Regulations
4.10. Scenario Analysis
5. GLOBAL COMPRESSOR CONTROL SYSTEM MARKET FORECAST BY COMPONENT (US$ BILLION)
5.1. SCADA
5.1.1. Market Size and Forecasts to 2022
5.2. PLC
5.2.1. Market Size and Forecasts to 2022
5.3. Switches
5.3.1. Market Size and Forecasts to 2022
5.4. Motors
5.4.1. Market Size and Forecasts to 2022
5.5. Transmitters
5.5.1. Market Size and Forecasts to 2022
5.6. Valves
5.6.1. Market Size and Forecasts to 2022
5.7. Others
5.7.1. Market Size and Forecasts to 2022
6. GLOBAL COMPRESSOR CONTROL SYSTEM MARKET FORECAST BY APPLICATION (US$ BILLION)
6.1. Energy and Power
6.1.1. Market Size and Forecasts to 2022
6.2. Oil and Gas
6.2.1. Market Size and Forecasts to 2022
6.3. Refining
6.3.1. Market Size and Forecasts to 2022
6.4. Chemical
6.4.1. Market Size and Forecasts to 2022
6.5. Mining
6.5.1. Market Size and Forecasts to 2022
6.6. Water & Wastewater
6.6.1. Market Size and Forecasts to 2022
6.7. Others
6.7.1. Market Size and Forecasts to 2022
7. GLOBAL COMPRESSOR CONTROL SYSTEM MARKET FORECAST BY GEOGRAPHY (US$ BILLION)
7.1. Americas
7.1.1. North America
7.1.1.1. U.S.
7.1.1.1.1. Market Size and Forecasts to 2022
7.1.1.2. Canada
7.1.1.2.1. Market Size and Forecasts to 2022
7.1.1.3. Mexico
7.1.1.3.1. Market Size and Forecasts to 2022
7.1.1.4. Others
7.1.1.4.1. Market Size and Forecasts to 2022
7.1.2. South America
7.1.2.1. Brazil
7.1.2.1.1. Market Size and Forecasts to 2022
7.1.2.2. Argentina
7.1.2.2.1. Market Size and Forecasts to 2022
7.1.2.3. Others
7.1.2.3.1. Market Size and Forecasts to 2022
7.2. Europe Middle East and Africa
7.2.1. Europe
7.2.1.1. UK
7.2.1.1.1. Market Size and Forecasts to 2022
7.2.1.2. Germany
7.2.1.2.1. Market Size and Forecasts to 2022
7.2.1.3. France
7.2.1.3.1. Market Size and Forecasts to 2022
7.2.1.4. Others
7.2.1.4.1. Market Size and Forecasts to 2022
7.2.2. Middle East and Africa
7.2.2.1. Saudi Arabia
7.2.2.1.1. Market Size and Forecasts to 2022
7.2.2.2. Israel
7.2.2.2.1. Market Size and Forecasts to 2022
7.2.2.3. Others
7.2.2.3.1. Market Size and Forecasts to 2022
7.3. Asia Pacific
7.3.1. Japan
7.3.1.1.1. Market Size and Forecasts to 2022
7.3.2. China
7.3.2.1.1. Market Size and Forecasts to 2022
7.3.3. India
7.3.3.1.1. Market Size and Forecasts to 2022
7.3.4. Australia
7.3.4.1.1. Market Size and Forecasts to 2022
7.3.5. Others
7.3.5.1.1. Market Size and Forecasts to 2022
8. COMPETITIVE INTELLIGENCE
8.1. Market Share Analysis
8.2. Investment Analysis
8.3. Recent Deals
8.4. Strategies of Key Players
9. COMPANY PROFILES
9.1. Dresser-Rand
9.1.1. Overview
9.1.2. Financials
9.1.3. Products and Services
9.1.4. Recent Developments
9.2. Ingersoll Rand
9.2.1. Overview
9.2.2. Financials
9.2.3. Products and Services
9.2.4. Recent Developments
9.3. ABB
9.3.1. Overview
9.3.2. Financials
9.3.3. Products and Services
9.3.4. Recent Developments
9.4. Atlas Copco
9.4.1. Overview
9.4.2. Financials
9.4.3. Products and Services
9.4.4. Recent Developments
9.5. GE
9.5.1. Overview
9.5.2. Financials
9.5.3. Products and Services
9.5.4. Recent Developments
9.6. Wood Group
9.6.1. Overview
9.6.2. Financials
9.6.3. Products and Services
9.6.4. Recent Developments
9.7. Rockwell Automation
9.7.1. Overview
9.7.2. Financials
9.7.3. Products and Services
9.7.4. Recent Developments
9.8. Schneider Electric
9.8.1. Overview
9.8.2. Financials
9.8.3. Products and Services
9.8.4. Recent Developments
9.9. Siemens
9.9.1. Overview
9.9.2. Financials
9.9.3. Products and Services
9.9.4. Recent Developments
9.10. Compressor Controls Corporation
9.10.1. Overview
9.10.2. Financials
9.10.3. Products and Services
9.10.4. Recent Developments
List of Tables
List of Figures
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Overview and Segmentation
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Supplier Outlook
4.6. Industry Outlook
4.7. Porter’s 5 Forces Analysis
4.8. Industry Value Chain Analysis
4.9. Industry Regulations
4.10. Scenario Analysis
5. GLOBAL COMPRESSOR CONTROL SYSTEM MARKET FORECAST BY COMPONENT (US$ BILLION)
5.1. SCADA
5.1.1. Market Size and Forecasts to 2022
5.2. PLC
5.2.1. Market Size and Forecasts to 2022
5.3. Switches
5.3.1. Market Size and Forecasts to 2022
5.4. Motors
5.4.1. Market Size and Forecasts to 2022
5.5. Transmitters
5.5.1. Market Size and Forecasts to 2022
5.6. Valves
5.6.1. Market Size and Forecasts to 2022
5.7. Others
5.7.1. Market Size and Forecasts to 2022
6. GLOBAL COMPRESSOR CONTROL SYSTEM MARKET FORECAST BY APPLICATION (US$ BILLION)
6.1. Energy and Power
6.1.1. Market Size and Forecasts to 2022
6.2. Oil and Gas
6.2.1. Market Size and Forecasts to 2022
6.3. Refining
6.3.1. Market Size and Forecasts to 2022
6.4. Chemical
6.4.1. Market Size and Forecasts to 2022
6.5. Mining
6.5.1. Market Size and Forecasts to 2022
6.6. Water & Wastewater
6.6.1. Market Size and Forecasts to 2022
6.7. Others
6.7.1. Market Size and Forecasts to 2022
7. GLOBAL COMPRESSOR CONTROL SYSTEM MARKET FORECAST BY GEOGRAPHY (US$ BILLION)
7.1. Americas
7.1.1. North America
7.1.1.1. U.S.
7.1.1.1.1. Market Size and Forecasts to 2022
7.1.1.2. Canada
7.1.1.2.1. Market Size and Forecasts to 2022
7.1.1.3. Mexico
7.1.1.3.1. Market Size and Forecasts to 2022
7.1.1.4. Others
7.1.1.4.1. Market Size and Forecasts to 2022
7.1.2. South America
7.1.2.1. Brazil
7.1.2.1.1. Market Size and Forecasts to 2022
7.1.2.2. Argentina
7.1.2.2.1. Market Size and Forecasts to 2022
7.1.2.3. Others
7.1.2.3.1. Market Size and Forecasts to 2022
7.2. Europe Middle East and Africa
7.2.1. Europe
7.2.1.1. UK
7.2.1.1.1. Market Size and Forecasts to 2022
7.2.1.2. Germany
7.2.1.2.1. Market Size and Forecasts to 2022
7.2.1.3. France
7.2.1.3.1. Market Size and Forecasts to 2022
7.2.1.4. Others
7.2.1.4.1. Market Size and Forecasts to 2022
7.2.2. Middle East and Africa
7.2.2.1. Saudi Arabia
7.2.2.1.1. Market Size and Forecasts to 2022
7.2.2.2. Israel
7.2.2.2.1. Market Size and Forecasts to 2022
7.2.2.3. Others
7.2.2.3.1. Market Size and Forecasts to 2022
7.3. Asia Pacific
7.3.1. Japan
7.3.1.1.1. Market Size and Forecasts to 2022
7.3.2. China
7.3.2.1.1. Market Size and Forecasts to 2022
7.3.3. India
7.3.3.1.1. Market Size and Forecasts to 2022
7.3.4. Australia
7.3.4.1.1. Market Size and Forecasts to 2022
7.3.5. Others
7.3.5.1.1. Market Size and Forecasts to 2022
8. COMPETITIVE INTELLIGENCE
8.1. Market Share Analysis
8.2. Investment Analysis
8.3. Recent Deals
8.4. Strategies of Key Players
9. COMPANY PROFILES
9.1. Dresser-Rand
9.1.1. Overview
9.1.2. Financials
9.1.3. Products and Services
9.1.4. Recent Developments
9.2. Ingersoll Rand
9.2.1. Overview
9.2.2. Financials
9.2.3. Products and Services
9.2.4. Recent Developments
9.3. ABB
9.3.1. Overview
9.3.2. Financials
9.3.3. Products and Services
9.3.4. Recent Developments
9.4. Atlas Copco
9.4.1. Overview
9.4.2. Financials
9.4.3. Products and Services
9.4.4. Recent Developments
9.5. GE
9.5.1. Overview
9.5.2. Financials
9.5.3. Products and Services
9.5.4. Recent Developments
9.6. Wood Group
9.6.1. Overview
9.6.2. Financials
9.6.3. Products and Services
9.6.4. Recent Developments
9.7. Rockwell Automation
9.7.1. Overview
9.7.2. Financials
9.7.3. Products and Services
9.7.4. Recent Developments
9.8. Schneider Electric
9.8.1. Overview
9.8.2. Financials
9.8.3. Products and Services
9.8.4. Recent Developments
9.9. Siemens
9.9.1. Overview
9.9.2. Financials
9.9.3. Products and Services
9.9.4. Recent Developments
9.10. Compressor Controls Corporation
9.10.1. Overview
9.10.2. Financials
9.10.3. Products and Services
9.10.4. Recent Developments
List of Tables
List of Figures
