Global Compressor Market to Grow 6.5% by 2020 – Increase in Demand from Oil & Gas Industry in Middle East & China – Research and Markets

Research and Markets has announced the addition of the "Global
Compressor Market 2016-2020" report to their offering.

The report forecasts the global compressor market to grow at a CAGR of
6.5% during the period 2016-2020.

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.

Key vendors:

• Atlas
• Ingersoll-Rand
• Siemens
• Sulzer
• Wuxi

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by end-user

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Key vendor analysis

PART 15: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/lcjp28/global_compressor

Related Topics: Compressors

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