Screw Compressor Market
Screw Compressor Market - Global Industry Assessment & Forecast
- By Type Oil-Injected, Oil-Free
- By Stage Single-Stage, Multi-Stage
- By Technology Stationary, Portable
- By End-User Oil & Gas, Chemicals & Petrochemicals, Food & Beverage, Automotive, Power Plants, Mining & Metals, Others
- By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
|Forecast Years:||2023 - 2030|
|Historical Years:||2017 - 2021|
|Revenue 2022:||USD 11.71 Billion|
|Revenue 2030:||USD 19.37 Billion|
|Revenue CAGR (2023 - 2030):||6.50%|
|Fastest Growing Region (2023 - 2030)||Asia Pacific|
|Largest Region (2022):||Asia Pacific|
- Cross-segment Market Size and Analysis for Mentioned Segments
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- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
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Screw Compressor Market: By Type, Technology, End-user, and Region
Global Screw Compressor Market is valued at USD 11.71 Billion in 2022 and estimated to reach a value of USD 19.37 Billion by 2030 at a CAGR of 6.50% during the forecast period, 2022–2028. Screw Compressors are among the most important components in many industrial processes, including food and beverage production. They are found in almost all industry segments, including food and beverage production, paints & coatings, oil & gas processing, pharmaceuticals and chemical production. The demand for the product is majorly driven by a rise in demand for Screw Compressors from the food & beverage, power, paints & coatings and oil & gas processing sectors.
Screw Compressor Market Size, 2022 To 2030 (USD Billion)
High Endurance, Reliability, Large Flow, and Small Footprint to Drive Growth of Screw Compressor Market
The field of Screw Compressors use is very extensive, which includes power generation, chemical industry, oil and gas processing, etc. With the continuous development of domestic economic construction demand for energy continuously improve people's lives greatly promoted the compression equipment in various fields have a broad market space. The other is that the Screw Compressor endurance, reliability, large flow, small footprint and other performance parameters are second to none in the same product category. The most important thing is that with a reasonable structure design and reasonable matching with other devices such as pump sets, they can work stably to solve the equipment's flow, pressure and other special requirements.
Global Screw Compressor Market is segmented by type (oil-free, oil-injected), stage (single, multi), technology (stationary, portable), end-user (chemical & petrochemicals, food & beverage, mining & metals, oil & gas, automotive, power), and region.
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By End Use, Power Industry to Dominate Screw Compressor Market
In the power industry, the demand for the Screw Compressor is increasing. In recent years, China's economic development has been deepening and its energy consumption continues to increase. The new round of wind power construction has been put into use, coal-fired power generation and hydropower is getting more and more abundant electricity supply is very essential in various fields of application is getting more and more power plants to ensure the stable and reliable electricity has a vital role in. So, the market demand for the Screw Compressor in the power industry is very large.
By Type, Oil Injected Screw Compressor to Witness Healthy Growth
It has been found that large number of end-users from different domains are making use of oil injected Screw Compressor because it lowers oil and gas consumptions than its counterparts. This is the reason oil injected Screw Compressor demand is increasing in oil and gas sector. Oil injection technology takes away the primary cause of oil misting, which occurs during turbocharging or compressing air through any compressor. This oil misting causes oil rings, which will eventually decrease the compressor life cycle and cause oil contamination in oil system of oil injection engines. Oil injected Screw Compressor also ensures that there is no oil discharge into environment.
In short, the demand for oil injected Screw Compressor is increasing due higher to energy efficiency that other air compressors, provides anti oil misting, and environment friendly.
Asia Pacific to Dominate Screw Compressor Market
Screw Compressor is widely used in various fields such as petroleum production, chemical industry, medical treatment, food manufacturing and pharmaceuticals. China is one of the largest exporters of Screw Compressor in the world. Given the population and its competitive prices, it has a large market share in the international market. Asia Pacific is the largest consumer of Screw Compressor, with high demand in the power, food processing, and oil industry. Moreover, India is another important market with increasing demand in the pharmaceutical industry.
Key players in the market include Ingersoll Rand PLC (Ireland), Atlas Copco AB (Sweden), GE Oil & Gas (U.K.), Siemens AG (Germany), and Gardner Denver, Inc. (U.S.).
Screw Compressor Market is segmented as follows:
Regions & Countries Covered
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
Screw Compressor Market is tabulated as follows:
Frequently Asked Question
What is the global demand for Screw Compressor in terms of revenue?
The global Screw Compressor valued at USD 11.71 Billion in 2022 and is expected to reach USD 19.37 Billion in 2030 growing at a CAGR of 6.50%.
Which are the prominent players in the market?
The prominent players in the market are Ingersoll Rand PLC (Ireland), Atlas Copco AB (Sweden), GE Oil & Gas (U.K.), Siemens AG (Germany), and Gardner Denver, Inc. (U.S.)..
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 6.50% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
The driving factors of the Screw Compressor include
- High Endurance, Reliability, Large Flow, and Small Footprint
Which region accounted for the largest share in the market?
Asia Pacific was the leading regional segment of the Screw Compressor in 2022.