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Global Compressor Industry Outlook, 2019
Global Compressor Industry Outlook, 2019
Energy Efficiency is the Mainstay of the Industry, Driving Growth Complemented with Gradual Revival of the Oil and Gas and Chemicals Industries
02-Aug-2019
Global
Market Outlook
Description
This study identifies, analyzes, and evaluates the existing and upcoming trends having an impact on the global compressors market. Amid uncertain economic conditions and revival of investments in key end-user industries such as oil and gas and chemicals, it seeks to provide insights into the growth prospects for compressor manufacturers for the year 2019. It discusses the product, market, technology, and regional trends impacting the industry’s growth rate and also analyzes the key trends in various end-user markets. The regions covered include North America, Latin America, Europe, Middle East and Africa, and Asia-Pacific.
The study sheds light on the competitive structure and includes a total market share analysis for 2018 by identifying the top participants in the process gas and industrial gas compressors market. Furthermore, it analyzes five major growth opportunities that are likely to influence compressor manufacturers’ market position in the coming years. For the study, a specific methodology comprised of discussions with the senior management of compressor manufacturers, supported by secondary research, has been followed.
Some of the key trends analyzed in the study are Industrial Internet of Things (IIoT) and digital transformation, energy efficiency, impact of oil prices, and trade war. IIoT is a major trend affecting compressor manufacturers, as end users continue to emphasize on improving their plant maintenance and curb operational expenditure (OPEX). Realizing that the future of manufacturing is likely to be driven by IIoT, companies today have concerns with regard to data ownership, security, integration with existing infrastructure, and return on investment (ROI) achieved from these solutions.
Research Highlights
- In-depth analysis with market sizing of product segments: Industrial air compressors and process gas compressors and their sub-segments that include reciprocating, rotary, and centrifugal compressors
- Regional perspective of demand patterns in various advanced and emerging markets of North America, Latin America, Europe, Middle East and Africa, and Asia-Pacific
- End-user markets including oil and gas, chemical and petrochemical, power generation, life sciences, general manufacturing, food and beverage, and construction and mining
- New product capabilities such as smart compressors and real-time monitoring and integration of advanced analytics
Key Issues Addressed
- What are the main factors that will influence the size and direction of the global compressors market in 2019?
- What is the outlook for the compressors market in each region for 2019?
- Which are the major end users driving the demand for compressors in 2019?
- Who are the main competitors in the industrial air and process gas compressors markets?
- What are the qualitative and quantitative trends affecting the global compressors market?
- How are emerging regions being served, or underserved, by compressor manufacturers?
- What are the key growth opportunities for compressor manufacturers?
Author: Kiravani Emani
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Key Highlights of 2018—Global Compressors Market Overview
Top Predictions for 2019
2018 and 2019 Market Revenue
Research Scope
Research Scope (continued)
Research Scope (continued)
Product Definitions
End-user Industry Definitions
End-user Industry Definitions (continued)
End-user Industry Definitions (continued)
End-user Industry Definitions (continued)
Top Global Economic Predictions for 2019
Top Global Economic Predictions for 2019 (continued)
Top 2019 Predictions—Advanced Economies
Top 2019 Predictions—Emerging Economies
World GDP Growth Snapshot
World’s 20 Fastest-growing Economies in 2018 and 2019
Global Compressors Market—Revenue Forecast
Global Process Gas (PG) Compressors Market—Revenue Forecast
Global Industrial Air Compressors Market—Revenue Forecast
Global PG Compressors Market—Revenue Forecast by End-user Industry
Global Industrial Air Compressors Market—Revenue Forecast by End-user Industry
Key Trends in the Oil and Gas Industry—Upstream
Key Trends in the Oil and Gas Industry—Midstream and Downstream
Key Trends in the Power Generation Industry
Key Trends in the Petrochemicals and Chemicals Industry
Key Trends in the Food and Beverage Industry
Key Trends in the Construction and Mining Industry
Regional Trends—PG and Industrial Air Compressors Markets
Regional Trends
Regional Trends (continued)
Regional Trends (continued)
Competitive Analysis—Industrial Air Compressors’ Market Share
Competitive Analysis—Industrial Air Compressors’ Market Share (continued)
Competitive Analysis—Process Gas Compressors’ Market Share
Competitive Analysis—Process Gas Compressors’ Market Share (continued)
Competitive Environment
Competitive Factors and Assessment
5 Major Growth Opportunities
Growth Opportunity 1—Energy-efficient Compressors
Growth Opportunity 2—Real-time Monitoring
Growth Opportunity 3—New Business Models
Growth Opportunity 4—Industrial Mobility
Growth Opportunity 5—Compressor Analytics
Strategic Imperatives for Success and Growth
Key Conclusions
Legal Disclaimer
Market Engineering Methodology
Abbreviations and Acronyms Used
Learn More—Next Steps
Additional Sources of Information on Process Control
List of Other Participants in the Market
List of Exhibits
List of Exhibits (continued)
Growth dialog™
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Popular Topics
Research Highlights
- In-depth analysis with market sizing of product segments: Industrial air compressors and process gas compressors and their sub-segments that include reciprocating, rotary, and centrifugal compressors
- Regional perspective of demand patterns in various advanced and emerging markets of North America, Latin America, Europe, Middle East and Africa, and Asia-Pacific
- End-user markets including oil and gas, chemical and petrochemical, power generation, life sciences, general manufacturing, food and beverage, and construction and mining
- New product capabilities such as smart compressors and real-time monitoring and integration of advanced analytics
Key Issues Addressed
- What are the main factors that will influence the size and direction of the global compressors market in 2019?
- What is the outlook for the compressors market in each region for 2019?
- Which are the major end users driving the demand for compressors in 2019?
- Who are the main competitors in the industrial air and process gas compressors markets?
- What are the qualitative and quantitative trends affecting the global compressors market?
- How are emerging regions being served, or underserved, by compressor manufacturers?
- What are the key growth opportunities for compressor manufacturers?
Author: Kiravani Emani
| Deliverable Type | Market Outlook |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Kiravani Emani |
| Industries | Industrial Automation |
| WIP Number | K38F-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9593,9420 |