Compressor control systems market, in terms of value, is estimated to grow at a CAGR of 4.7% between 2016 and 2022 and is expected to reach USD 6.39 Billion by 2022. Massive investments in power and water sectors are expected to emerge as the second largest source for compressor installations in the next couple of years. Also, the continued expansion of petrochemicals, chemicals, and fertilizers industries is expected to result in a significant demand for compressors.

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Compressors are widely used in the oil & gas industry in various core activities, starting from the initial treatment of crude oil/natural gas to transporting it through pipelines. They increase the pressure of the natural gas through heat and allow it to be transported from the production facility through the supply chain to end users.

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Applications in the oil & gas industry accounted for the largest market share in 2015. This market is expected to grow at a high CAGR between 2016 and 2022. The number of compressors in the energy sector has increased greatly over the last few years, owing to the increased activity in the oil & gas production, transmission, and storage sectors.

The key players in the compressor control systems market are General Electric Co. (U.S.), Rockwell Automation, Inc. (U.S.), Schneider Electric (France), Siemens AG (Germany), Wood Group Plc. (U.K.), Atlas Copco (Sweden), and Ingersoll Rand (Ireland).