Screw Compressor Market Size, Share, Analysis and Forecast 2022-2027

According to IMARC Group's latest report, titled "𝐒𝐜𝐫𝐞𝐰 𝐂𝐨𝐦𝐩𝐫𝐞𝐬𝐬𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟐-𝟐𝟎𝟐𝟕", the global screw compressor market size reached US$ 9.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2027, exhibiting a growth rate (CAGR) of 5.67% during 2022-2027.

A screw compressor is a mechanical device that employs a positive displacement mechanism and twin-shaft helical rotors to compress external air, liquid, and gasses at an established pressure. It includes filters, discharge valves, anti-friction rollers, ball bearings, rubber seals, load/ unload controllers, and separators as standard components. As compared to piston compressors, screw compressors offer better reliability and efficiency at lower operational costs, provide exceptional cooling frameworks, and can be used in advanced tools without the need for high air pressure. Apart from this, it helps in better energy conservation and operates in extreme weather conditions without fluctuations, due to which it is used by end-users extensively to deliver air and drive multiple machines and tools.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/screw-compressor-market/requestsample

𝐍𝐨𝐭𝐞: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

𝐒𝐜𝐫𝐞𝐰 𝐂𝐨𝐦𝐩𝐫𝐞𝐬𝐬𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The widespread adoption of screw compressors across various industrial verticals, owing to their lower maintenance and operational costs, is primarily driving the market growth. Additionally, rapid industrialization has prompted the uptake of screw compressors in fast-moving consumer goods (FMCG) and pharmaceutical industries to fabricate liquid medicines and provide desired pressure while packaging, which, in turn, is impelling the market growth.

Moreover, the increasing need for natural gas and the enforcement of sustainable initiatives by governments have encouraged manufacturers to design eco-friendly screw compressors, which is favoring the market growth. Furthermore, the extensive device usage in the automotive industry to perform plasma cutting, vehicle repairing, and product finishing is propelling the market growth. Apart from this, the large-scale product employment in vapor recovery and flare elimination and ongoing research and development (R&D) activities are supporting the market growth.

𝐁𝐮𝐲 𝐍𝐨𝐰: https://www.imarcgroup.com/checkout?id=2114&method=1

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐰𝐢𝐭𝐡 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

The competitive landscape of the industry has also been examined with some of the key players.

• Atlas Copco
• Bauer Kompressoren
• Boge Kompressoren
• GE Oil & Gas
• Hitachi Ltd.
• Howden Group Ltd.
• Ingersoll Rand
• Kaeser Kompressoren SE
• Kobe Steel Ltd.
• Man SE
• Siemens AG
• Sullair LLC

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The report has categorized the market based on type, technology, stage and end-use industry.

Breakup by Type:
• Oil-Injected Screw Compressors
• Oil-Free Screw Compressors

Breakup by Technology:
• Stationary Screw Compressors
• Portable Screw Compressors

Breakup by Stage:
• Single-Stage Screw Compressors
• Multi-Stage Screw Compressors

Breakup by End-Use Industry:
• Oil and Gas
• Chemicals and Petrochemicals
• Food and Beverage
• Automotive
• Power Plants
• Mining and Metals
• Others

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬: https://www.imarcgroup.com/request?type=report&id=2114&flag=C

𝐊𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩:

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Oil Storage Market: https://bit.ly/3tEG1eu

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This release was published on openPR.