Screw Compressors Market 2021-2025 Global Industry Outlook- Atlas Copco AB, Daikin Industries, Ltd, Ingersoll-Rand PLC and Emerson Electric Co.
The screw compressors market is expected to grow at a CAGR of around 5.09% during the period of 2020 - 2025.
The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Screw Compressors market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.
The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Screw Compressors Market: Atlas Copco AB, Daikin Industries, Ltd, Ingersoll-Rand PLC and Emerson Electric Co..
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Key Market Trends
Single-Stage Screw Compressors to Dominate the Market
- Single-stage screw compressors use a single stage to compress the gas, between the inlet valve and the tool nozzle. First, the air is sucked in, the gas is compressed one time using the rotors and then compressed gas or air is moved onward to a storage tank._
- They are primarily oil-injected screw compressors, delivering a pressure of around 100-125 pounds per square inch gauge (psig) in a single stage of compression, while there is also a small share of the single-stage oil-free screw compressor, but they are mainly used for achieving compressions of small amounts of gas or air and in lower ratios.
- The market for single-stage screw compressor has seen a steady increase in recent years, mainly supported by the rise of industrial activities, especially the micro, medium, and small enterprises (MSME)._
- Some examples of single-stage screw compressors are Hitachi's DSP NEXT2 Series and Ingersoll Rand's SS Series, among others._
- Although the impact of the COVID-19 outbreak has been very significant of the majority of the MSMEs in the manufacturing sector, due to reduced activities caused by lockdown and social distancing measures and decrease in local and global demand due to economic slowdown._
- The impact of COVID-19 outbreak on the single-stage screw compressor is expected to be long-lasting, and it is expected to revive once the industrial activities are at pre-COVID-19 levels. This scenario is expected to arrive toward the end of the forecast period, by which time the easy availability of a vaccine or kick-in of herd immunity is expected.
Asia-Pacific to Dominate the Market
- Asia-Pacific is expected to dominate the screw compressors market and to grow at fastest rate over the forecast period.
- During 2018, the steel production in Asia-Pacific region increased drastically reaching highest in the decade. China is the biggest producer and consumer of the steel, globally.
- China has been planning to increase the quantity of nitrogen for use in oil recovery activities, which is expected to increase the demand for industrial gases. Similarly, the growth of the solar industry has supplemented the demand for argon in the country and the growth in other industrial activities has supplemented the demand for high-purity industrial gases, such as nitrogen, argon, and oxygen, which, in turn, is expected to increase demand for air separation units with compressor units, suited for handling dry and combustible gases, and are leak-proof, such as screw compressor.
- India has emerged as one of the most attractive investment destinations globally, owing to governments initiatives such as Make in India, to fuel the manufacturing activities in the country.
- Therefore, with growing end-user industries in the region the demand for screw compressors used in these industries is expected to increase over the forecast period in the region.
For a comprehensive understanding of market dynamics, the global Screw Compressors market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
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Influence of the Screw Compressors market report:
-Comprehensive assessment of all opportunities and risks in the Screw Compressors market.
–Screw Compressors market recent innovations and major events.
-Detailed study of business strategies for growth of the Screw Compressors market-leading players.
-Conclusive study about the growth plot of Screw Compressors market for forthcoming years.
-In-depth understanding of Screw Compressors market-particular drivers, constraints, and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Screw Compressors market.
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Screw Compressors Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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What screw head type should I use?
Kevin Moorcroft, M.D. at industrial threaded fastener specialists Challenge (Europe) Ltd recently discussed the question - What screw head type should I use? - with some helpful tips as he explained: “Standard hexagon head is one of the most common form of screw or bolt head used throughout industry in typical sizes from M4 upwards but there are also countersunk screws with recesses of many types, e.g. multi-splined, hexagon socket,