This outlook on compressors provides information on the total revenue generated in the compressors market. It discusses the impact of the coronavirus on key industries that deploy compressors, besides providing predictions for 2022. Frost & Sullivan has observed a direct correlation between energy security and economic development. Improved research and development efforts in generation and storage technologies and reduction in the cost of renewable technologies have made savings possible for compressor vendors. This is expected to result in end users being to spend more to ensure compressor efficiency. Many end users in process industries develop long-term strategies, and hence, tend to look at COVID-19 and other disruptions as being transient.
GROWTH PIPELINE DIALOG™
Take your first step towards achieving growth-centric solutions with our
Growth Pipeline Dialog™. Speak to our industry experts in a complimentary open discussion that will spark innovative thinking and growth opportunities that will benefit your organization.