The Business Research Company’s Compressors
Market covers market characteristics, size and growth, segmentation,
regional and country breakdowns, competitive landscape, market shares, trends
and strategies for this market.
The compressors market consists
of sales of compressors and related services. Compressors are used to compress
air or gas in a non-leakage sealed chamber and release the air or gas at a
desired pressure.
Major players in the market are Atlas, Ingersoll Rand, Siemens, Ebara and
ELGI Equipment Ltd.
The increasing applications of
compressors in the power industry is one of the key drivers for the compressors
market. This is mainly due to rising global population which has led to an
increase in the demand for electricity and other power resources to carry out
day to day activities. In this regard, companies in the compressors market are
offering compressors for the power industry. For instance, Atlas Copco, MAN
Turbo and Gardner Denver are some of the compressor manufacturers that offer
compressors for power generation applications.
The high maintenance cost of
compressors is one of the major restraints on the compressors market. The
maintenance of a compressor typically includes costs for repair including any
leakages, changing the filter, and oiling. For example, the cost of oil
required to operate an oil-lubricated compressor is around $3,000-$6,000 per
year. Similarly, the disposal of condensate generated by the compressor can
cost around $50,000 per year. Therefore, the maintenance costs involved in
operating compressors continue to be an important restraint restricting the
growth of the compressors market.
View complete Report: https://www.thebusinessresearchcompany.com/report/compressors-global-market-report
The compressor machine
manufacturers must comply with the standards set by the American Society of
Mechanical Engineers (ASME) in the making and testing of compressors. One such
example is the ASME Standard EA-4-2008. This standard specifically focusses on
the requirements of conducting and collecting results of a compressed air
system. The standard is set so as to avoid any kind of discrepancy in
evaluating a compressor on the basis of its energy assessments. ASME Standard
EA-4-2008 provides a detailed yet scalable process that can be molded for each
compressor manufacturing facility. Hence, regulations such as these would keep
a check on companies involved in manufacturing and testing compressors.
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