2014-03-05 20:15:01 - Compressor Market in Russia 2012-2016 - a new market research report on companiesandmarkets.com
The Russia Compressor market is to grow at a CAGR of 16.92 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for compressors from the Oil and Gas industry. The Compressor market in Russia has also been witnessing the emergence of integrated control units for compressors. However, the need for a high level of investment could pose a challenge to the growth of this market.
The Compressor market in Russia is expected to grow at a steady rate during the forecast period owing to the increasing growth of the Oil and Gas industry. Compressors are an important tool for many industries and are widely used in the Oil and Gas industry
in both upstream and downstream processing. Hence some vendors are developing application-specific compressors to increase operating efficiency and business productivity. Several vendors are in the process of developing application-specific compressors based on end-users specific requirements. The focus on developing application-specific compressors will greatly enhance the growth of the market.
The increased need for productivity is one of the major drivers in the Compressor market in Russia. Compressors, when used for powering tools and equipment such as air conditioners, refrigerators, air pumps, and industrial refrigerators, increase efficiency, which in turn enhances the productivity of organizations, thereby ensuring the growth of the Compressor market in Russia.
The key vendors dominating this market space are Iskra Turbogaz Ltd., Kazanskoe motorostroitelnoe proizvodstvennoe obedinenie OAO (KMPO), Sumy Frunze Machine-Building Science-and-Production Association, GEA Group Aktiengesellschaft, Johnson Controls Inc., and BITZER KÃ¼hlmaschinenbau GmbH. The other vendors mentioned in the report are HMS Group, Iskra Avigaz ZAO, and Mayekawa Manufacturing Co. Ltd.
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