Compressor Control System Market is expected to reach $5.05 Billion by 2020 - New Report by MarketsandMarkets
(PRWEB) March 20, 2015 -- According to the new market research report "Compressor Control System Market by Controlling Component (PLC and SCADA), Application (Oil & Gas, Refining, Petrochemical, Power Generation, Metal & Mining, and Fertilizer), & Geography - Analysis & Forecast to 2014 - 2020", the Compressor Control System Market is expected to reach up to $5.05 Billion by 2020, at a CAGR of 6.37% between 2014 and 2020, which includes an in-depth analysis of the controlling components, applications, and geography.
Browse 70 market data Tables and 131 Figures spread through 212 Pages and in-depth TOC on "Compressor Control System Market".
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The report on the compressor control system market analyzes the key trends in the market on the basis of the demand in various industrial applications, such as oil & gas, refining, petrochemical, power generation, metals & mining, fertilizers, and so on. The report provides an in depth analysis of the various developments going on in this market, along with the key market trends. The component segment of the compressor control system has been sub-segmented on the basis of different types of components such as PLC, SCADA, and other components such as the transmitters, actuators, valves, drives, and so on.
The compressor control system market has witnessed various developments in the past few years. The companies in the Middle East, Africa, and North America have shown an extensive growth, majorly due to the oil & gas industry; they occupy a large market share in the compressor control ecosystem. The European companies are giving a fierce competition by mainly concentrating on innovative developments in the oil & gas, power generation, and petrochemical industries. Currently, the compressor control system market is endorsing a rampage of contracts, partnerships, agreements, mergers, acquisitions, expansions, new product launches, and other activities in the research and development field.
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The main building blocks of the value chain of the compressor control system market are: original equipment manufacturers (OEMs), suppliers, system integrators, distributors, and the end-users. According to the present scenario, the oil & gas industry holds the major market share of the overall compressor control system market. Consequently, the players associated with the oil & gas applications also, in turn, account for the largest share in the compressor control system market. In the race of market leadership, Siemens AG (Germany) is ahead of all the other players in the compressor control market.
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