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Screw Compressor Market

Screw Compressor Market

Screw Compressor Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

158

Base Year:

2021

Date

Jan - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1269

Segments Covered
  • 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
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 11.05 Billion
Revenue 2028Revenue 2028: USD 17.40 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 6.7%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • 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
  • Others Request Customization Speak To Analyst
Screw Compressor Market Share

Screw Compressor Market: By Type, Technology, End-user, and Region

Market Synopsis:

Global Screw Compressor Market is valued at USD 11.05 Billion in 2021 and estimated to reach a value of USD 17.40 Billion by 2028 at a CAGR of 6.7% 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, 2021 To 2028 (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.

Market Segmentation:

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.

Below tree is interactive. You can click the nodes to get more information.

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:

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:

Parameter Details
Segments Covered
  • Type (Oil-Injected, Oil-Free)
  • Stage (Single-Stage, Multi-Stage)
  • Technology (Stationary, Portable)
  • End-User (Oil & Gas, Chemicals & Petrochemicals, Food & Beverage, Automotive, Power Plants, Mining & Metals, Others)
  • Region (North America, Europe, Asia Pacific, Middle East & Africa, Latin America)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Ingersoll Rand PLC (Ireland)
  • Atlas Copco AB (Sweden)
  • GE Oil & Gas (U.K.)
  • Siemens AG (Germany)
  • and Gardner Denver Inc. (U.S.).
Report Coverage 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 impact analysis

Screw Compressor Market is tabulated as follows:

Screw Compressor Market to Reach Valuation of USD 17.40 Billion By 2028 - Increasing demand for Energy-Efficient Compressors to Flourish Market
In terms of revenue, the Global Screw Compressor Market is expected to reach USD 17.40 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 6.7% from 2022 to 2028. The Global Screw Compressor Market growth is attributed to the factors such as increasing industrialization and urbanizat...
FAQ
Frequently Asked Question
  • The global Screw Compressor valued at USD 11.05 Billion in 2020 and is expected to reach USD 17.40 Billion in 2028 growing at a CAGR of 6.7%.

  • 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.)..

  • The market is project to grow at a CAGR of 6.7% between 2021 and 2028.

  • The driving factors of the Screw Compressor include

    • High Endurance, Reliability, Large Flow, and Small Footprint

  • Asia Pacific was the leading regional segment of the Screw Compressor in 2020.