The global compressor control system market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). The major factors that are expected to boost the market during the forecast period include technological proliferation and growth across the oil and gas and water and wastewater sector. Moreover, new applications as well as technologies, coupled with an exhaustive supply chain have increased the buying power of end-users, which is another factor that is anticipated to boost the growth of the market during the forecast period. Compressor control systems are a crucial component of many industrial processes. Compressors are used in a wide range of applications ranging from huge manufacturing plants to small mechanical shops. These control systems are integrated into the compressors depending on the type of application it serves. Technological advancements have led to the development of advanced compressors and compressor control systems for customized applications making them more reliable, efficient, and environmentally friendly.
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The compressor control systems find major applications in power generation, petrochemicals, metals & mining, oil & gas, and refining industries. The oil & gas industry can be further segmented into liquefied natural gas (LNG), compressed natural gas (CNG), and applications such as long-distance gas & oil pipelines and city gas distribution. Compressor control system usage in petroleum industries such as oil & gas and refining is expected to witness high growth during the forecast period. Increased natural gas extraction from shale gas basins is anticipated to favorably impact the market growth, and also provide several opportunities for market growth. Manufacturers are focusing on improving reliability and efficiency of compressors in order to gain a competitive advantage. Further, the automobile and cement industries are expected to provide several opportunities for the market during the forecast period. The compressor control system can be segmented on the basis of controlling components into PLC, Supervisory Control and Data Acquisition (SCADA), and Human Machine Interface (HMI) and other components such as transmitters, sensors, valves, actuators, drives, and motors.
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Market Coverage
- Segment Covered-
o By Component
o By Application
- Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape: Atlas Copco AB, ABB Ltd., and Emerson Electric Co., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Compressor Control System Market Report by Segment
By Component
- Controlling Components
- Networking Components
By Application
- Oil and Gas
- Refining
- Petrochemical
- Power Generation
- Metals and Mining
- Water & Wastewater
- Fertilizers
- Others
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