Air compressor controllers manage and regulate the operation of air compressors. These are crucial in all their end-use sectors, such as oil and gas, energy and mining, and HVAC, since air compression and regular supply of compressed air is vital for all these industries.
The petrochemical industry is also a major end user of air compressor controllers and, in conjunction with the oil and gas industry, holds the dominant share of the total demand from the global air compressor controllers market. The global market had a net valuation of US$3.45 billion in 2014 and is expected to grow to US$5.44 billion by 2022, at a CAGR of 5.8% therein.
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Petroleum Industry Dominates Air Compressor Controller Market:
Air compressor controllers are used in several production activities in the oil and gas industry. Rising demand for fossil fuels from all over the world is expected to propel the global air compressor controllers market in the aforementioned forecast period.
The developing field of natural gas extraction from shale reserves is expected to play a major role in the growth of the air compressor controllers market. Since infrastructural support for the shale gas technology has to be built from scratch, this new construction will aid the air compressor controller market.
Apart from new construction, retrofitting of compressor controllers in oil and gas plants is also a major source of revenue for manufacturers in the air compressor controllers market. Even though air compressors have been part of the industrial landscape for decades now, the development of compressor control systems has emerged relatively recently. This has led to cosmopolitan demand for retrofits of controller systems on existing air compressor systems.
Robustness of Air Compressor Controllers Leading to High Demand from Industrial Sector:
Air compressor controller systems are robust and durable. They need little maintenance and are also low on initial setup cost, and are thus extremely cost-efficient to operate. They are also efficient in output, which makes them lucrative for the whole industrial sector.
Variable-speed air compressor controllers are the rising trend in the global air compressor controllers market and are expected to dominate demand trends in the market owing to its higher efficacy and efficiency.
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Fragmentation of Global Air Compressor Controllers Market Helping Regional Suppliers:
The global air compressor controllers market is consolidated to a certain extent, but regional suppliers still hold the aces when it comes to determining the regional markets. Since air compressor controllers are a new innovation, manufacturers usually rely on local service providers, which can offer competent services at lower rates than global market giants. This is a growing trend in the market and is set to remain influential in the forecast period. Another trend naturally likely to pick up speed in the coming years is that of major global players acquiring or collaborating with regional players to expand their portfolio.
Major players in the global air compressor controllers market include Siemens AG, Schneider Electric SE, GE Measurement & Control Solutions, Emerson Climate Technologies, Rockwell Automation, Inc., Compressor Controls Corporation, Gardner Denver, Inc., Johnson Controls, Inc., Ingersoll Rand plc, Petrotech, Inc., FS-Elliot Co. Ltd.
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