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This Frost Radar analyzes the compressor market. The analysis includes industrial air compressors and process gas compressors. Among others, the key end-user analysis includes the chemicals, construction and mining, food and beverages, general manufacturing, life sciences, oil and gas, and power generation industries.In addition to providing an industry overview and analyzing the key market trends driving the industry, this study offers a comprehensive description of market participants. Through Frost & Sullivan’s in-depth analysis built on a 360-degree research methodology, over 100 companies have been analyzed. Out of these, 24 companies have been objectively rated on two major indices—their innovation focus and growth performance—with each index having 5 criteria. For each company profiled in the Frost Radar, company diagnostics, the major strengths, and major opportunities are highlighted along with their positioning on the Radar. The companies that are positioned in the radar include: Aerzen; Anest Iwata Corporation; Ariel; Atlas Copco; BAUER COMPRESSORS INC.; Baker Hughes, a GE Company (BHGE); BOGE; Burckhardt Compression AG; ELGi Equipments Limited; Elliott Compressors; Fuscheng (FS-Elliott); Gardner Denver; Hitachi Sullair; Howden; IHI; Ingersoll Rand; Kaeser; Kaishan; Kobelco Compressors; MAN Turbomachinery; Mattei; Mitsubishi; Siemens; and Solar Turbines.Through this analysis, Frost & Sullivan finds that the visionaries in this mature market tend to leverage a clearly defined growth pipeline system to drive a significant portion of their growth from adjacent markets and new opportunities. They are also well positioned to drive revenues by enhancing product differentiation, providing value-added services, tackling challenging applications with innovative solutions, and ushering in a wave of Industrial Internet of Things (IoT)-related growth opportunities. Other companies that are positioned as contenders have a more steadily evolving growth pipeline system and show strong revenue growth, albeit from existing core markets. These companies also exhibit a clear innovation process that prioritizes new product development and is able to push these solutions into the market. Going forward, Frost & Sullivan expects smart motor solutions will continue to gain traction among customers, and the companies that are best positioned to serve these customers will either remain at the top of the Radar or move up if not already there.The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.Author: Anand Mugundhu Gnanamoorthy
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