North American Compressors Market in the Oil and Gas Industry, Forecast to 2023
North American Compressors Market in the Oil and Gas Industry, Forecast to 2023
Oil Price Rebound, Industrial Internet of Things, and Focus on Energy-efficient Products Open Up Exciting New Opportunities for Companies Especially f
28-Feb-2017
North America
Market Research
This research service analyzes current and future trends in the North American compressors market in the oil and gas industry. It analyses the trends seen in the North American process gas and air compressor market across the oil and gas industry. The market analysis is based on end users and product types segmented into rotary, reciprocating, and centrifugal compressors. Market drivers and restraints and their impact over the forecast period are discussed. The research service outlines the competitive structure and provides the total market share analysis. The study concludes with 3 big market predictions. The forecast period is from 2017 to 2023, with 2016 as the base year.
The North American oil and gas compressor market size is expected to exceed USD 1.2 billion by 2020. Oil prices had been in decline over the past two years, hitting a low of $26 per barrel in first quarter of 2016. This severely impacted new investments in the oil and gas industry both in upstream and midstream. Even many projects in the chemicals industry were affected. As oil prices have stabilized and stayed above $50 for the past few months, there has been optimism in the industry after 3 years. As commodity prices (such as oil and gas, metals, and minerals) stay low, end users need to reduce the cost of operation to increase profitability. Companies not only need to develop energy-efficient solutions but also focus on increasing customer awareness by developing and marketing case studies and white papers to show the expected return on investment. This will facilitate customer adoption of such solutions.
Digital transformation caused by convergence of industry forces is driving unprecedented change. Data is the new currency, and there is demand from end users to generate and mine the data to convert it into actionable insights. This will transform the compressors market, and it is poised to experience strong growth in the next few years. In developed economies such as North America, IIoT has a major impact in terms of transforming companies and countries, opening up a new era of economic growth and competitiveness. To succeed in IIoT, companies need to develop new business models such as gain sharing, pay-per-use, and product-as-a-service. This requires developing new strategies as end users themselves are unaware of the requirements and need to refer to use cases and best practices.
Key questions this study will answer:
Is the compressor market in oil and gas growing, how long will it continue to grow, and at what rate?
Who are the main competitors in the North American compressor market in oil and gas applications?
What are the qualitative and quantitative trends affecting the compressors market?
How will the structure of the market change with time? Is it ripe for acquisitions?
Are the products/services offered today meeting customer needs or is additional development needed?
What are the dynamics of this mature market and how does it look to pan out during the coming years?
Key Findings
Market Engineering Measurements
Market Engineering Measurements (continued)
CEO’s Perspective
Market Overview—Definitions
Market Overview—Definitions (continued)
Market Overview—Definitions (continued)
Market Overview—Definitions (continued)
Market Overview—Key Questions this Study will Answer
Market Overview—Segmentation
Market Overview—Segmentation (continued)
Market Overview—Distribution Channels
Market Drivers
Market Drivers—Explained
Market Drivers—Explained (continued)
Market Drivers—Explained (continued)
Market Restraints
Market Restraints—Explained
Market Restraints—Explained (continued)
Market Restraints—Explained (continued)
Market Engineering Measurements
Market Engineering Measurements (continued)
Forecast Assumptions
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast Discussion—Key Oil and Gas Data
Revenue Forecast Discussion—Key Oil and Gas Data (continued)
Revenue Forecast Discussion—Key Oil and Gas Data (continued)
Percent Revenue by Region
Regional Revenue Discussion
Regional Revenue Discussion (continued)
Revenue Forecast by Vertical Market
Revenue Forecast Discussion by Vertical Market
Percent Revenue Forecast by Distribution Channel
Revenue Forecast Discussion by Distribution Channel
Competitive Analysis—Market Share
Market Share Analysis
Market Share Analysis (continued)
Competitive Environment
Top Competitors
Competitor Growth Analysis
Competitive Factors and Assessment
Growth Opportunity 1—Energy Efficiency on the Forefront
Growth Opportunity 2—Industrial Internet of Things (IIoT)
Growth Opportunity 3—Changing Market Dynamics
Growth Opportunity 4—Market Positioning
Growth Opportunity 5—Focus on Electric Prime Movers
Strategic Imperatives for Success and Growth
Process Gas Compressors Segment
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
End-user Revenue Forecast
End-user Revenue Forecast Discussion
Product Segment Breakdown
Product Segment Breakdown Discussion
Air Compressors Segment
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Product Segment Breakdown
Product Segment Breakdown Discussion
The Last Word—3 Big Predictions
Legal Disclaimer
Market Engineering Methodology
Additional Sources of Information on Compressor Market
List of Other Participants in the Market
Learn More—Next Steps
Purchase includes:
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Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
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- Companies to Action
Impacting your company's future growth potential.
Deliverable Type | Market Research |
---|---|
No Index | No |
Podcast | No |
Author | Anand Gnanamoorthy |
Industries | Industrial Automation |
WIP Number | K195-01-00-00-00 |
Is Prebook | No |