Study: Compressors equipped with IoT-enabled solutions becoming more commonplace
IoT features help operators realize greater performance, compressor uptime and reduced maintenance costs.
Advancements in compressors incorporate Industrial Internet of Things (IIoT)-enabled solutions such as advanced analytics, machine learning and enhanced communications to help operators realize greater performance, compressor uptime and reduced maintenance costs, according to a study produced by ARC Advisory Group, Dedham, Mass.
The report, “Compressor Monitoring and Controls Global Market Research 2017-2022,” explores current market performance and related technology and business trends, identifies leading technology suppliers and provides 5-year global forecasts for the compressor monitoring and controls market. This new research is based on ARC’s market research database, extensive primary and secondary research and proprietary economic modeling techniques.
“Compressor monitoring and controls suppliers are facing a market that is undergoing continuous change, especially as more customers move toward more open systems that enable the ability to leverage IIoT-enabled solutions to enhance operational performance,” says Tim Shea, senior analyst and key author of the report. “Developing a strategy that allows machine builders to leverage connected products and infrastructure is critical to sustaining viability of a supplier as a competitor in this market.”