Compressor Monitoring and Controls

This Market Research Study delivers current market analysis plus a five year market and technology forecast.  The study is available in multiple editions including worldwide, all regions, and most major countries. It provides a concise analysis of the compressor monitoring and controls market.  The scope of the research is primarily on the aftermarket/retrofit opportunity.

Compressor monitoring & controls are a critical part of optimizing the performance of compressors, which, in turn, are a critical component in the oil & gas, refining, and chemical industries, among others.  Growing demand for energy; increased focus on energy efficiency of compressors and other turbomachinery; increasing demand for products derived from chemical and petrochemical processes requiring compression, for use in manufacturing process, and many different products; and other economic factors are driving the demand for compression and thus increasing the demand for compressor monitoring & controls solutions.  

Software-as-a-Service – A New Trend in the Compressor Monitoring & Controls Market

The marketplace for compressors and their related monitoring and controls solutions is now evolving at a fast pace.  Demand for service-based compressor monitoring and controls is expected to outpace that of hardware and software-based products over the next five years as a growing number of operators and end users decide to outsource some or all of their compressor monitoring and controls.  This is typically known as Software-as-a-Service (SaaS) or Platform-as-a-Service (PaaS). SaaS is a model where the user buys a subscription-based license.  The software itself is hosted in the Cloud.

Compressor Monitoring and Controls Strategic Issues

In addition to providing a five-year market forecast, the Compressor Monitoring & Controls market research provides detailed quantitative current market data and addresses key strategic issues as follows.

Owner-operators and Users Could Delay Investment

One inhibitor of future growth would be the slowdown in investment among users to invest in upgrades to their legacy compressor monitoring & controls solutions simply because the existing system is “adequate enough” despite problems encountered.  ARC believes many users are not truly aware of the benefits that upgrading a compressor monitoring & controls solution could provide, and those benefits are quantifiable.  

Impact of COVID-19

The COVID-19 pandemic will undoubtedly have an effect on most industries. At present, it is hard to determine how this pandemic will impact the market growth. The COVID-19 pandemic has changed that picture radically in every region.  The global economy has already showed signs of substantially slowing down, and the risk has risen exponentially in terms of both likelihood and severity.