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Global Compressor Control Systems Market 2018-2022 | Improving Energy Efficiency to Drive Growth | Technavio

December 28, 2018

LONDON--(BUSINESS WIRE)--Dec 28, 2018--Technavio’s global compressor control systems market research report forecasts the market to grow at a CAGR of around 5% during the forecast period.

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Technavio has published a new market research report on the global compressor control systems market from 2018-2022. (Graphic: Business Wire)

The provision of waste heat recovery will be one of the major trends in the during 2018-2022. The compression of air results in an increase in temperature and up to 90% of the electrical energy consumed by a compressor is converted into heat energy, which is usually dissipated to the atmosphere by heat exchangers as waste heat. The use of this waste heat as a source of energy for heating buildings or process heating has been gaining traction. With a carefully designed closed cooling system, up to 94% of this waste heat can be captured.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the critical drivers for the global compressor control systems market is the increasing focus on improving the energy efficiency of compressors:

Global compressor control systems market: Increasing focus on improving the energy efficiency of compressors

The compressors are among the least efficient utilities of an industrial plant and hence, consume a substantial amount of energy. In discrete manufacturing, new compressors are added with increasing compressed air load, which contributes to the deployment of individual compressors for multiple sections of plants. Each compressor can meet the peak load demand of the assigned plant section. However, compressed air demands of each section of the plant may not peak at once.

According to a senior research analyst at Technavio, “The total installed capacity of compressed air systems in most discrete manufacturing plants is higher than their total peak load demand. The redundancies such as equipment failure, scheduled maintenance, or seasonal peak load demand also result in high installed capacity. Thus, most of the compressors in discrete manufacturing operate in silos and at part loads.”

Global compressor control systems market: Segmentation analysis

This global compressor control systems market analysis report provides market segmentation by product (control elements and communication), by end-user (process manufacturing and discrete manufacturing), and by region (the Americas, APAC, and EMEA). This report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Of the two major products, the control elements segment held the largest compressor control systems market share in 2017, contributing to over 78% of the market. This product segment will dominate the global market throughout the forecast period.

The Americas held the largest share of the market in 2017, accounting for more than 37% share. It was followed by APAC and EMEA respectively. The Americas is expected to dominate the market throughout the period 2018-2022.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses 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 10,000 reports and counting, covering 800 technologies, spanning across 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.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20181228005108/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

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UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING OTHER MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 12/28/2018 12:50 PM/DISC: 12/28/2018 12:50 PM

http://www.businesswire.com/news/home/20181228005108/en

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