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Global Compressor Market 2016-2020

About Compressors

Compressors are mechanical devices that compress air or gas in a sealed unit and deliver it at the desired pressure levels. Compressors are categorized as air compressors and gas compressors. An air compressor is a device that compresses and pressurizes air and thereby, converts its potential energy into kinetic energy. A gas compressor is a device that reduces the volume of gas to increase its pressure following the principle of Boyle's law. An air compressor is a distinct type of gas compressor. Compressors are used in several applications across the oil and gas, petrochemicals and chemicals, power generation, desalination, water and wastewater treatment, mining and cement, and fertilizers industries. The major types of compressors considered in this report are centrifugal compressors and positive displacement compressors.

Technavio’s analysts forecast the global compressor market to grow at a CAGR of 6.5% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global compressor market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the sale of compressors in the end-user industries like oil and gas and manufacturing.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Compressor Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Atlas
  • Ingersoll-Rand
  • Siemens
  • Sulzer
  • Wuxi
Other prominent vendors
  • BOGE
  • Doosan
  • ELGI
  • Fusheng
  • Gardner Denver
  • Hanbell
  • KAESER
  • Kaishan
  • Kirloskar
  • Shanghai Screw Compressor
Market driver
  • Increase in demand from oil and gas industry in Middle East and China
  • For a full, detailed list, view our report
Market challenge
  • Uncertainty in the raw material price
  • For a full, detailed list, view our report
Market trend
  • Next-generation air compressors
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Compressor Market 2016-2020

Technavio recognizes the following companies as the key players in the global compressor market: Atlas Copco, Ingersoll-Rand, Siemens, Sulzer, and Wuxi Compressor.

Other Prominent Vendors in the market are: BOGE, Doosan, ELGI, Fusheng, Gardner Denver, Hanbell, KAESER, KAESER, Kirloskar, and Shanghai Screw Compressor.

Commenting on the report, an analyst from Technavio’s team said: “Innovation of next-generation air compressors will be a key trend for market growth. The vendors are now manufacturing air compressors that make use of variable speed technology and a special drive to manipulate the speed. A variable speed drive automatically controls the compressor operation based on the user's requirement for compressed air. The peerless energy efficiency provided by this type of air compressors is attributed to their continuous and real-time operational nature. This helps in reducing the demand for electric power and fuel, thus aiding in decreasing the emission levels as well.”

According to the report, one of the key drivers for market growth will be increase in demand from oil and gas industry in Middle East and China. The growth of the global oil and gas industry has led to a hike in demand for air compressors. Compressors are used in a variety of applications ranging from the extraction of crude oil and gas to the point it reaches the end customers through the refinery and associated pipelines. Compressed air is widely used in sweetening of gasoline, oxidation of sour water, catalyst regeneration, and removal of sulfur.

Further, the report states that uncertainty in the raw material price will be a challenge for the market. Although the production cost in developing countries in APAC, such as China, is comparatively lower compared with the developed countries in EMEA and the Americas, the unpredictability of raw material prices is affecting the vendors in the global air compressor market extensively. The main raw materials used in the production of compressors include aluminum, steel, and castings. It may also include bearings and crankshafts. The cost of these inputs do not remain constant but fluctuate continuously, due to their scarcity and inflationary pressures. Fluctuations in raw material prices impact the productivity of vendors, in terms of the number of units they need to manufacture.

Companies Mentioned

Atlas Copco, Ingersoll-Rand, Siemens, Sulzer, Wuxi Compressor, BOGE, Doosan, ELGI, Fusheng, Gardner Denver, Hanbell, KAESER, KAESER, Kirloskar, Shanghai Screw Compressor.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Top-vendor offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global compressor market overview
    • Market size and forecast
      • Table Global compressor market 2015-2020 ($ billions)
      • Table Global manufacturing output growth rate by quarter 2014-2015
    • Recent developments and novel technology in the market
      • Table Diagram for heat recovery
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Table Global compressor market: End-user segmentation 2015 and 2020
    • Global compressor market in oil and gas industry
      • Table Global compressor market in oil and gas industry 2015-2020 ($ billions)
    • Global compressor market in manufacturing industry
      • Table Global compressor market in manufacturing industry 2015-2020 ($ billions)
      • Table Global automobile production 2005-2014 (millions of units)
      • Table Global petrochemical production capacity 2014-2020 (MMT)
  • Geographical segmentation
    • Table Global compressor market for oil and gas industry: Geographical segmentation 2015 and 2020
    • Compressor market in APAC
      • Table Compressor market in APAC 2015-2020 ($ billions)
    • Compressor market in EMEA
      • Table Compressor market in EMEA 2015-2020 ($ billions)
    • Compressor market in Americas
      • Table Compressor market in Americas 2015-2020 ($ billions)
      • Table Production of natural gas in 2014 (billion cubic feet)
  • Market drivers
    • Increase in demand from oil and gas industry in Middle East and China
      • Table Application of compressors in oil and gas industry
    • Amplified demand from water and wastewater industry
      • Table Leading countries in terms of water reuse
    • Need for energy-efficient compressor systems
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Uncertainty in the raw material price
      • Table Costs of composite steel and composite stainless steel 304 ($/MT) November 2014-August 2015
    • Unpredictability in oil and gas prices
    • Averseness to adopt new technology
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Next-generation air compressors
    • Tier 4 engines
    • R&D and mergers and acquisitions
    • Growing dominance of APAC
  • Vendor landscape
    • Table Key vendors
    • Other prominent vendors
  • Key vendor analysis
    • Atlas Copco
    • Ingersoll-Rand
    • Siemens
    • Sulzer
    • Wuxi Compressor
  • Appendix
    • List of abbreviations
  • Explore Technavio

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