LONDON--(BUSINESS WIRE)--Technavio’s latest report on the compressor control systems market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
The research study by Technavio on the compressor control systems market for 2017-2021 provides a detailed industry analysis based on the product type (control elements and networking), end-users (process and discrete industries), and geography (the Americas, APAC, and EMEA).
|Compressor control systems are mainly used to control the functioning of compressors. Hardware components used in these devices transmit signals which assist users in configuring systems based on the requirements of end-users. Technavio analysts forecast the compressor control systems market to grow to USD 1,544.1 million by 2021, at a CAGR of nearly 5% over the forecast period.|
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The top three emerging trends driving the compressor control systems market according to Technavio industrial automation research analysts are:
- Use of data analytics to increase plant efficiency
- Application of IoT in compressor control systems
- Use of widescreen PLC-HMI devices
Use of data analytics to increase plant efficiency
Most of the components used in compressor control systems contain data logging features. Consumers use the data collected by these features to take strategic decisions. Smart meters and sensors help in transferring data to a server. The data collected is widely used by HMI and SCADA applications.
“Many companies are using data analytics to understand trends, analyzing patterns, and choose analytical models to improve their plant efficiency, and this is expected to boost the adoption of compressor control systems,” says Bharath Kanniappan, a lead analyst at Technavio for automation research.
Application of IoT in compressor control systems
Internet of Things (IoT) aids in configuring and integrating components and devices of a compressor. Connected compressors greatly increase the efficiency of a plant by capturing and improving communication capabilities.
This, in turn, assists in remotely monitoring the functioning of compressors and reducing the downtime. Manufacturers are introducing devices that support IoT functionality, which is expected to impact the global compressor control systems market significantly.
Use of widescreen PLC-HMI devices
Manufacturers such as Siemens and Unitronics have launched products with wide screen programmable logic controllers(PLC)-Human Machine Interface (HMI). These devices increase the ease of operation as the details displayed on the widescreens can be viewed more easily and with more clarity.
“Companies that are manufacturing PLC-HMI devices are attempting not to price them higher without compromising on the features and functionalities. These factors will increase their demand, thereby driving the market growth,” says Bharath.
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