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NEW YORK , July 25, 2022 /PRNewswire/ -- The "Compressor Control Systems Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025" report by Technavio expects the market size to grow by USD 1.26 billion between 2020 and 2025. The market observed a YOY growth of 3.26% in 2021 and the growth momentum is expected to accelerate at a CAGR of 4.71% during the forecast period. The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies. Download PDF Sample Report Here

The compressor control systems market is fragmented and highly competitive. There are approximately 25 vendors that compete across the globe for market share. These global vendors compete intensely for compressor control systems used in process industries such as oil and gas, pharmaceuticals, and industrial refrigeration systems. The low market growth rate has been pushing vendors in this market to eye their rivals' market share to survive in this market. Furthermore, since differentiation among the offerings by vendors is low, the vendor landscape is expected to remain competitive during the forecast period.

ABB Ltd., Baker Hughes Co., BOGE KOMPRESSOREN Otto Boge GmbH & Co. KG, Connell Industries Inc., FS-ELLIOTT Co. LLC, HOERBIGER Holding AG, Honeywell International Inc., Ingersoll Rand Inc., Schneider Electric SE, and Woodward Inc. are some of the major market participants.

The growth of the market will be majorly driven by the increasing focus on improving the energy efficiency of compressors. In addition, the growing global industrial refrigeration systems market and the global shift to natural gas will offer immense growth opportunities for market players. However, the lack of awareness about the benefits of advanced compressor control systems, the replacement of pneumatic tools with electric tools, and the global shift away from coal to renewable energy will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request a Sample Report Here

The compressor control systems market is segmented as below:

The control elements segment will have the largest share of the market. The increasing demand for compressor control systems from oil and gas, petrochemicals, pharmaceutical, food and beverages, textiles, and cosmetics is driving the growth of the market in this segment.

The market will observe high demand for compressor control systems from the process manufacturing sector during the forecast period. The high sensitivity of discharge pressure, flow rate, and temperature of compressed air or gas are necessitating investments in sophisticated compressor control systems in process industries, which is driving the growth of the segment.

40% of the market growth will originate from APAC during the forecast period. The growth of the regional market can be attributed to the rapid growth of food and beverages, FMCG and consumer durables, and oil refining capacities in APAC. In addition, the increasing adoption of automobiles in China and India is further creating a high demand for compressor control systems in the region.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. We provide a detailed analysis of around 25 vendors operating in the compressor control systems market. Backed with competitive intelligence and benchmarking, our research report on the compressor control systems market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support. Download a Sample Report Here

Compressor Control Systems Market Scope

Accelerate at a CAGR of 4.71%

APAC, North America, Europe, South America, MEA, APAC, North America, Europe, South America, and MEA

US, China, Japan, Germany, and Canada

Leading companies, competitive strategies, consumer engagement scope

ABB Ltd., Baker Hughes Co., BOGE KOMPRESSOREN Otto Boge GmbH & Co. KG, Connell Industries Inc., FS-ELLIOTT Co. LLC, HOERBIGER Holding AG, Honeywell International Inc., Ingersoll Rand Inc., Schneider Electric SE, and Woodward Inc.

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/

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