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Compressors Market Analysis
The compressors market is set to witness a spend growth of nearly USD 6 billion with spend momentum to accelerate at a CAGR of more than 4% between 2019-2024. The increasing momentum of the oil and gas exploration activities is creating an exponential demand for compressors. The boost in the industrial activities that are being observed in the anufacturing, power generation, and mining sectors is driving spend growth in the compressors market at a significant rate. Meanwhile, driven by the increasing demand, compressors suppliers are leveraging technologies such as the GA VSD+ to produce energy-efficient compressors which are not improving the performance of these equipment but also facilitating buyers with almost 50% energy cost savings.
Top Spending Regions in the Compressors Market
APAC is dominating the global compressors market and is anticipated to generate a revenue of over USD 20 billion through the forecast period.
Spend growth in APAC will be primarily attributed to the growing demand from the automobile industry to produce electric vehicles and passenger cars. The rise in the production of oil and gas will also contribute to spend growth in the compressors market in this region.
The high demand from the food and beverage industry due to strict regulations on health and safety will drive the demand in the compressors market in this region. Natural gas is being widely used as a low-cost and low emission alternative fuel in industries such as cement, mining, petroleum refineries, and steel in the US. This will create demand for compressors and propel spend growth in the market in the US during the forecast period.
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Insights Offered in this Compressors Market Report
Insights into Some of the Leading Compressors Suppliers
This compressors market procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies for the top compressors suppliers. The top compressors suppliers highlighted in this report include:
Criteria to select suppliers in this dynamic compressors market is subject to change based on the day-to-day market outlook. Get a free demo of our procurement platform to gain immediate access into real-time insights to the changing suppliers selection criteria.
PART 01: EXECUTIVE SUMMARY
PART 02: MARKET INSIGHTS
PART 03: CATEGORY PRICING INSIGHTS
PART 04: COST-SAVING OPPORTUNITIES
PART 05: BEST PRACTICES
PART 06: CATEGORY ECOSYSTEM
PART 07: CATEGORY MANAGEMENT STRATEGY
PART 08: CATEGORY MANAGEMENT ENABLERS
PART 09: SUPPLIERS SELECTION
PART 10: SUPPLIERS UNDER COVERAGE
PART 11: US MARKET INSIGHTS
PART 12: CATEGORY DEFINITION
PART 13: APPENDIX
SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.