Transparency Market Research Added A New "Air Compressor Controller Market Research Report" And Its Full Database.

Albany, NY -- (SBWire) -- 05/17/2017 --The global air compressor controller market is only moderately consolidated with the top four players holding more than 30% of the market, says a new report by Transparency Market Research (TMR). The top players in the market include Siemens AG, Compressor Controls Corporation and Emerson Climate Control Technologies, and GE Measurement & Control Solutions.

"Business alliances and joint ventures are on the growth agenda of top companies in the global air compressor controller market," says a TMR analyst. This is mainly to provide enhanced product offerings and augment technological capabilities. A case in point is Emerson Climate Technologies, the company entered into a business alliance with Shanghai Ruking Electronic Science & Technology Co. Ltd. to form Ruking Emerson Climate Technologies (Shanghai) Co. Ltd. and this has helped the parent company to amplify its variable speed inverter solutions with faster time-to-market (TTM).

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The global air compressor controller market is estimated to reach a valuation of US$5.44 bn by 2022. The oil and gas end-use segment was a key contributor to revenues with almost 25% of the overall market in 2014.

The acquisition of small companies is also on the roadmap of leading companies to strengthen their product portfolio. The expansion of product offerings is also what top companies in this market are focused on. The objective is to develop an expertise in niche business segments.

Low Maintenance Feature of Air Compressor Controllers Boosts Adoption across Industries

The use of compressor controllers offers efficient compressor operation at low cost, which is one of the major factors driving the global air compressor controller market. A compressor control system is designed to be adjusted to the desired output for each individual compressor as per the requirement of the plant's air pressure. Compressor control systems do not require manual regulation, by means of which they can automatically regulate air pressure by adjusting air compressors.

In the coming years, the adoption of compressor control systems is expected to increase in both new and old compressor systems, which will have a significant impact on energy consumption and optimize the compressor output completely.

The low maintenance requirement of air compressor controllers is driving their adoption across industries. At present, businesses are striving to reduce maintenance cost by installing compressor control systems at their production complexes. For instance, Qatar Petroleum's NGL3 natural gas liquids plant deployed GE Energy OptiComp Compressor Control Suite in combination with other devices to enhance compressor efficiency and reduce maintenance cost.

Competitive Prices of Regional Service Providers to Hamper Market Growth

An increasing number of service providers in regional markets is hampering the growth of the global air compressor controller market. While top-notch service providers have an established presence in developed countries either independently or in collaboration with regional entities, these service providers face tough competition from regional players in developing countries due to their low service costs.

On the basis of components, supervisory control and data acquisition (SCADA) dominated with 33% of the global market in 2014. However, the demand for programmable logic controller (PLC) and other components such as motors and actuators is also expected to surge due to the increasing retrofitting undertakings of compressor controllers.

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From the geographical standpoint, the Middle East and Africa (MEA) dominated with 26.3% of the global market in 2014. This is because the region accounts for a high volume of oil and gas exploration and production activities, and thus displays a high demand for air compressor controllers.

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TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.