Screw compressor Market Players Analysis, Industry Technologies and Forecast to 2023

Screw compressor Market Research Report: Information by Type (Oil-Free and Oil-Injected), Stage (Single and Multi), Technology (Portable and Stationary), End-use and Region (North America, Europe, Asia Pacific, and Rest of World) - Forecast till 2023

Global Screw Compressors Market

Global screw compressors market is expected to expand at an exponential rate during the forecast period owing to industrialization, and the need for efficient tools & machinery. Asia Pacific region is expected to dominate the screw compressor market owing to industrialization and the emerging markets. China, India, Indonesia, and South Korea are paving the way for new industries and increasing manufacturing. The Middle East and Africa regions are expected to hold strong market position in screw compressor market due to increased district cooling projects from the Middle East region, and rising oil & gas activities in Africa.

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Key Players

The key players of global screw compressors market are GE (U.S.), Siemens (Germany), Ingersoll Rand (Ireland), Kore Compressors (U.S.), ALMiG Compressors GmbH (Germany), Atlas Copco (Sweden), and Howden Group (Czechia). Hitachi (Japan), Boge Kompressoren (Germany), Gardner Denver (U.S.), Suzler (Switzerland), MAN Diesel & Turbo (Germany), and Michelin (France) are among others.

The global screw compressors market is expected to expand at 7.5% CAGR during the forecast period.

Compressors are essential requirements for many industries such as oil & gas, food packaging, and refrigeration. Screw compressor is a type of gas compressor that works on the mechanism of a rotary type positive displacement. The screw compressor has several advantages over other compressors such as delivery of high quality compressed air and lower maintenance & operational cost, as a result of which, the demand for screw compressors is expected to increase over time. There is an increased demand for screw compressor in industries such as mining & metals, automotive, and chemical & petrochemical industries. The market for screw compressor is expected to grow, significantly with the high growth in industries.

Screw compressors fall under the category of rotary compressors, which are capable of compressing air with the help of screw actions. The applications of the screw air compressors lies with low & high-pressure appliances ranging between 7 bars to 14 bars and above 100 bars respectively. Screw compressors have an advantage over the conventional compressors as they are easy to maintain, have simple design, and are economically feasible. The main applications of screw compressor include district cooling, low refrigerant losses, compressed air for industries, and others. Screw compressors have different categories for different end-use industries. For an instance, oil-free compressors are used in industries such as medical industry and semiconductor manufacturing industry where oil-related machines are not acceptable.

Screw compressors market is driven by factors such as demand for high-efficiency compressors, and industrialization, as well as it is driven by the increased demand for appliances such as outdoor utility point, regulators, refrigerators, spares, heaters, and dehumidifiers. Industrialization in developing nations such as China, India, South Korea, and Indonesia is driving the market for screw compressor. The screw compressors provide higher energy efficiency than the typical gas compressors. With increasing investments in efficient machines and tools, the market for screw compressors is also expected to expand. The total market for food packaging is expanding every year and this is positively affecting the screw compressors market.

Screw compressors market is segmented on the basis of type, stage, technology, End-use, and region. On the basis of type, screw compressors market is segmented as oil-free compressors, and oil-injected compressors. Oil injected compressors are dominating the market for screw compressors, due to their high durability, system lubrication and appropriate for heavy duty applications. On the basis of stage, the market is classified as single stage and multi-stage. Multi-stage screw compressors hold the larger market share due to the fact that compressing in multistage compressors allows cooling to happen in different stages, this saves workload in the compression process. On the basis of technology, the market is segmented as portable and stationary. Portable compressors are highly demanded from industries for short-term projects. Based on end-use type, the market is segmented as metal & mining, chemicals & petrochemicals, food & beverage, oil& gas, and power plants. Oil & gas segment is dominating the screw compressors market due to increasing activities in exploration and production and installation of pressure compressors in the oilfields.

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Screw compressors market is expected to have a huge number of advancements over the forecast period owing to continuous developments in end-use industry coupled with rising industrialization from the growing industry. The market is also expected to have rapid expansion activities by multinationals and well-established companies.

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