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DUBLIN--(BUSINESS WIRE)--The "Industry Convergence Impacting the Global Compressor Market, 2020" report has been added to ResearchAndMarkets.com's offering. This study identifies, analyzes, and evaluates the existing and upcoming trends impacting the global compressors market. Amid uncertain economic conditions exuberated by the COVID-19 pandemic and small pockets of opportunities in some end-user industries, such as food and beverages, water and wastewater, and life sciences. It seeks to provide insights into the growth prospects for compressor manufacturers for the year 2020. It discusses the product, market, and technology-based growth opportunities impacting the industry's future. The regions covered include North America, Latin America, Europe, the Middle East, Africa, and Asia-Pacific. IIoT is a major trend affecting compressor manufacturers, as end-users continue to focus on improving plant maintenance and curb operational expenditure (OPEX). The current dynamic environment has uncertain economic conditions, trade wars, price volatility, production slowdowns, and intense market competition. Manufacturers are striving to improve operational efficiency in their existing plants and are keen to decrease maintenance and operational costs occurring due to unexpected failure and asset downtime. Realizing that the future of manufacturing is likely to be driven by IIoT, companies have concerns about data ownership, security, integration with existing infrastructure, and return on investment (ROI) achieved from these solutions. For the study, a specific methodology comprised of discussions with the senior management of compressor manufacturers, supported by secondary research, has been followed. The study sheds light on the industry convergence of three major trends: sustainability; technology such as industry 4.0; and the shift from capital expenditure to operating expenditure (CAPEX to OPEX): The following key growth opportunities are analyzed in the study: Key Topics Covered: 1. Growth Environment 2. Growth Opportunities 3. List of Exhibits For more information about this report visit https://www.researchandmarkets.com/r/pjrw1v

Answer: Global Compressor Market Report 2020: Industry 4.0, Sustainability, and New Business Models Drive New Growth Opportunities - ResearchAndMarkets.com