Industry Background:
Air compressors are used in numerous different applications and deliver essential compressed air to many businesses and individuals with different air needs. The compressor controller is a high-tech machine learning control system for reciprocating air compressors that automates operation saving money in lifetime operating costs while delivering better air quality. It combines Real-Time environmental and operational sensing into a model that drives the control of the compressor. This instantly improves compressor operation to constant peak performance, self-adjusting in real-time to the changing environmental conditions.This growth is primarily driven by Air Compressor Controllers Offer Efficient Compressor Operation at Lower Costs and Low Maintenance of Air Compressor Pouring Adoption across Industries.
Globally, a noticeable market trend is evident Increasing Adoption of Variable-Speed Air Compressor Controllers. Major Manufacturers, such as Petrotech, Inc. (United States), Compressor Controls Corporation (United States), Siemens AG (Germany), Emerson Climate Technologies (United States), GE Measurement & Control Solutions (United States), Schneider Electric SE (France), Johnson Controls, Inc. (United States), Rockwell Automation, Inc. (United States), Ingersoll-Rand plc (Ireland) and FS Elliott Co., LLC (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 8 July 2019 - Gardner Denver Holdings, Inc. (NYSE: GDI), a leading global provider of mission-critical flow control and compression equipment, announced that it has acquired Oina VV AB.
Market Drivers
- Air Compressor Controllers Offer Efficient Compressor Operation at Lower Costs
- Low Maintenance of Air Compressor Pouring Adoption across Industries
Market Trend
- Increasing Adoption of Variable-Speed Air Compressor Controllers
Restraints
- Growing Number of Service Providers in Regional Markets
Opportunities
High Growth in Oil & Gas and Pharmaceutical Industries
Challenges
High Initial Cost of Air Compressor Controller
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