New ARC Advisory Group research on the compressor monitoring & controls market reveals that varied economic and other factors drive the demand for these solutions. These factors include the ongoing demand for energy; increased focus on energy efficiency in compressors and other turbomachinery; increasing demand for products derived from chemical and petrochemical processes that involve compressors; and the inherent criticality of most turbomachinery, which typically require tight control and rigorous monitoring to maintain performance and reduce safety and environmental risk. Recent advancements in compressor monitoring & controls solutions such as Industrial Internet of Things (IIoT)-enabled capabilities like advanced analytics, machine learning, and enhanced communications for remote monitoring are also expected to drive future demand as these types of advancement enable users to realize greater performance, compressor uptime, and reduced maintenance costs.
“Compressor monitoring and controls solutions are increasingly being updated with new features to fulfill market demands and increase their value proposition. Smart Industrial IoT-connected compressors provide opportunities to increase operational efficiency from the plant floor or field to the supply chain by optimizing data, information, and analytics,” according to P. Vidya, Analyst at ARC Advisory Group and key author of ARC’s Compressor Monitoring & Controls Global Market Research report.
Leading Suppliers to the Compressor Monitoring & Controls Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offering. In alphabetical order, these include Baker Hughes, Compressor Controls Corporation, and Siemens.
About the Compressor Monitoring & Controls Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides four-year (global/regional) forecasts for the compressor monitoring & controls market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by region, compressor type, industry, revenue type, deployment type, sales channel, and customer type.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes up to four years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, go to www.arcweb.com/market-studies.