New ARC Advisory Group research on the Compressor Monitoring and Controls market reveals that advancements in compressor monitoring and controls solutions in incorporating Industrial Internet of Things (IIoT)-enabled solutions such as advanced analytics, machine learning, and enhanced communications are expected to drive future demand as users realize greater performance, compressor uptime, and reduced maintenance costs.
“Compressor monitoring and controls suppliers are facing a market that is undergoing continuous change, especially as more customers move toward more open systems that enable the ability to leverage IIoT-enabled solutions to enhance operational performance,” according to Tim Shea, Senior Analyst at ARC Advisory Group and key author of ARC’s Compressor Monitoring and Controls Global Market Research 2018-2023 report.
“Developing a strategy that allows machine builders to leverage connected products and infrastructure is critical to sustaining viability of a supplier as a competitor in this market,” added Shea.
About the Compressor Monitoring and Controls Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the compressor monitoring and controls market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The research includes competitive analysis, plus five-year market forecasts by region, industry, revenue category, compressor type, horsepower, and customers.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes two years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.