Market Leadership: Compressor Control System Market
The compressor control systems market has witnessed various developments in the past few years. Companies in the Americas have experienced extensive growth, majorly due to applications in the oil and gas industry; this region holds a major share of the compressor control systems market. The Americas is followed by Europe because of the focus on the innovative developments in oil and gas, power generation, and petrochemical industries. Currently, the compressor control systems market is endorsing a spree of developments such as contracts, partnerships, agreements, mergers, acquisitions, expansions, new product launches, and activities in the research and development field.
The main building blocks of the value chain of the compressor control systems market are: OEM manufacturers, suppliers, system integrators, distributors, and end users. Based on the present scenario, applications in the oil and gas industry hold a major share of the overall compressor control systems market. Hence, players associated with the oil and gas applications also hold a large share in the compressor control systems market. In terms of market leadership, Siemens AG (Germany) is ahead of all the other players in the compressor control ecosystem.
Siemens AG was founded in 1847 and is headquartered at Munich, Germany. It operates through many core business segments, wherein compressor control ecosystems fall under the energy segment. The energy division is classified into four sub-divisions: power generation, wind power, power transmission, and energy services, offering a wide spectrum of products, services, and solutions. The other business segments in which it provides products and services are healthcare, industry, and infrastructure and cities. In June 2015, Siemens acquired Dresser-Rand for a better comprehensive product portfolio to meet the need of customers. Siemens also acquired Rolls-Royce Energy, thereby strengthening its market position in the expanding oil and gas industry.
Schneider Electric (France) majorly focuses on research & development activities to innovate more energy-efficient solutions. Schneider Electric completed its acquisition of Invensys Ltd., which would help increase its business of software and automation energy controls. The company has an extensive geographic reach. The company’s business priority includes solid relationship with the customers and partners, innovative and competitive product development, and recognized expertise. With the company’s focus on providing energy efficient solutions, it was bestowed with the 2014 Platts Global Energy Award. The company considers Asia as an important hub for R&D activities. It has research and development centers in China and India, which have full responsibility for programs dedicated to emerging economies as well as global programs. Schneider Electric operates across various regions, namely, Europe, the Americas, the Middle East, Asia, and Africa. Its major competitors are General Electric Co. (U.S.), Rockwell Automation, Inc. (U.S.), Schneider Electric (France), John Wood Group Plc. (U.K), Ingersoll Rand Plc. (Ireland), Atlas Copco (Sweden) and ABB Limited (Switzerland).
Related Reports:
Compressor Control System Market by Component (Controlling: (PLC and SCADA) & Networking), Application (Oil & Gas, Refining, Petrochemical, Power Generation, Metals & Mining, Water & Wastewater and Fertilizer), and Geography - Global Forecast to 2022
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