Dublin, Aug. 05, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Air Compressor Market in Oil and Gas Industry 2016-2020" report to their offering. The global air compressor market in oil and gas industry to grow at a CAGR of 7.2% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global air compressor market in oil and gas industry for 2016-2020. The report presents the vendor landscape and a corresponding detailed analysis of the top vendors in the market, excluding their market share analysis. The report also includes a discussion of the key vendors operating in this market.
Next-generation air compressors will be a key trend for market growth. Leading vendors in the global air compressor market are continuously innovating their product offerings to provide differentiated offerings in the highly competitive market. Vendors are employing extensive R&D to incorporate VSDs into their air compressors. One such innovation relates to the use of variable speed technology and a special drive to manipulate the speed in air compressors. This helps in substantial reduction in energy consumption of up to 35% when compared with fixed speed air compressors. Vendors are now citing VSD technology as the most superior control technology available in the market as it aids in high energy savings for the oil and gas industry. According to the report, growing oil and gas industry in China will be a key driver for market growth. Over the past few years, China has been among the top energy consumers globally. In 2011, it became the largest global energy consumer and the second-largest oil consumer, after the US. By the end of 2013, China surpassed the US to become the world's largest importer of crude oil and petroleum products due to the country's increasing consumption of oil. Further, the report states that volatile raw material prices will be a challenge for the market. Though the production cost in developing countries in APAC, such as China, is comparatively lower than in the developed countries of EMEA and the Americas, volatility in raw material prices is adversely affecting the global air compressor market vendors. The principal raw materials used in the production of compressors include aluminum, steel, and castings. It may also include bearings and crankshafts. The cost of these inputs does not remain constant but fluctuate continuously, due to their scarcity and inflationary pressures.
Key vendors
- Atlas Copco - GE - Ingersoll-Rand - Siemens - Sulzer Other prominent vendors
- BOGE - Doosan - ELGI - Fusheng - Gardner Denver - Hanbell - Kaeser - Kaishan - Kirloskar - Siemens - Shanghai Screw Compressor - Wuxi Compressor
Key Topics Covered: Part 01: Executive summary - Highlights Part 02: Scope of the report - Market overview - Top-vendor offerings Part 03: Market research methodology - Research methodology - Economic indicators Part 04: Introduction - Key market highlights Part 05: Market landscape - Market overview - Market size and forecast - Recent developments and new technology in the market - Five forces analysis Part 06: Market segmentation by product - Global air compressor market in oil and gas industry: Product segmentation - Global PD air compressor market in oil and gas industry - Global centrifugal air compressor market in oil and gas industry Part 07: Geographical segmentation - Global air compressor market in oil and gas industry: Geographical segmentation - Air compressor market in oil and gas industry in EMEA - Air compressor market in oil and gas industry in Americas - Air compressor market in oil and gas industry in APAC Part 08: Market drivers - Demand from oil and gas industry in Middle East - Replacement with energy-efficient air compressor systems - Growing oil and gas industry in China Part 09: Impact of drivers Part 10: Market challenges - Instability in oil and gas prices - Volatile raw material prices - Reluctance to adopt new technology Part 11: Impact of drivers and challenges Part 12: Market trends - Next-generation air compressors - Use of Tier 4 engines - Growing dominance of APAC Part 13: Vendor landscape - Competitive scenario - Other prominent vendors Part 14: Key vendor analysis - Atlas Copco - GE - Ingersoll-Rand - Siemens - Sulzer Part 15: Appendix For more information visit http://www.researchandmarkets.com/research/wkw7cf/global_air
CONTACT: Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Sector: Oil, Compressors, Lubricants and Greases
