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Palo Alto, CA, United States, 2006/01/31 - New analysis from Frost & Sullivan, North American Compressors Market, reveals that the market earned revenue of $2.11 billion in 2005 and estimates to reach $3.01 billion in 2012..
Construction of new electrical generation plants is likely to improve and grow the North American compressors infrastructure. In the United States alone 16 power plants are scheduled to opened by 2010. The construction and increase of generation capacity of plants should increase installation of new compressors.
New analysis from Frost & Sullivan (industrialautomation.frost.com), North American Compressors Market, reveals that the market earned revenue of $2.11 billion in 2005 and estimates to reach $3.01 billion in 2012.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of the North American Compressors Market then send an e-mail to Tori Foster - Corporate Communications at tori.foster[.]frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state and country. We will send you the information via email upon receipt of the above information.
“Power cost is the largest single component in the operating cost of an air compressor,” says Frost & Sullivan Research Analyst Kishan Bhat. “Over the life of the machine, the power cost will be a large multiple of the initial cost of the compressor itself. Consequently, more efficient compressors can pay dividends in power savings over their lifetimes, even though their initial installed cost may be higher.”
In a majority of situations, industry practice suggests that compressed air demand is characterized by significant fluctuations. Therefore in periods of low demand, unused compressed air represents lost energy. Manufacturers have introduced energy saving compressors such as the variable speed drive (VSD) compressor to overcome this particular situation.
A VSD compressor is able to closely follow the fluctuating demand by varying the speed of its drive motor. The energy saving pays for the complete machine in about six months to three years of operation, depending upon the application.
The North American compressors manufacturers have been facing increasing pressure from end-users to supply better quality products. Some segments are witnessing unprecedented growth of ten to fifteen percent. This has put an enormous pressure on the suppliers of the original equipment manufacturers (OEMs) as nobody expected such fast paced growth.
“End-users now want a far better product at the same cost, which is posing a serious challenge to North American compressor manufacturers. They cannot afford to continue with their erstwhile wasteful and outdated manufacturing practices if they are to successfully meet end-user demands and, in the process, thwart foreign competition,” says Bhat. “Cutting wasteful expenditures and improving overall quality of the product is the goal now.”
North American Compressors Market, a part of the 9420 subscription service, provides an overview and outlook for the market. This study has been segmented into positive displacement and turbo compressors. This research includes detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews and executive summaries are available to the press.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.
North American Compressors Market
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Keywords in this release: Compressors, energy