Press release
Screw Compressor Market Gears Up for Growth, Targeting USD 19.51 Billion by 2034
The size of the worldwide screw compressor market was estimated at USD 12.14 billion in 2024. The market is expected to expand at a CAGR of 4.9% during the forecast period, growing from USD 12.51 billion in 2025 to USD 19.51 billion by 2034.
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Market Introduction
A screw compressor is a form of positive displacement compressor that employs two interlocking helical rotors to compress gas in a continuous manner, producing a consistent flow of compressed air. Screw compressors are a type of positive displacement compressor, meaning they compress air by physically displacing it within a chamber. Two rotors, a male with bulging lobes and a female with inward curves, spin in opposite directions. Air is pulled into the area between the rotors and their casing. As the rotors spin, the air pocket's volume diminishes, compressing the air. The compressed air is subsequently expelled from the compressor via an outlet. Screw compressors are commonly used in industrial settings where a continuous and reliable supply of compressed air is needed.
Growth Drivers
• The increasing manufacturing of motor vehicles worldwide is driving the expansion of the market.
• Rising urbanization worldwide accelerates the growth of the market for screw compressors.
• The transition of the automotive sector towards automation and precision manufacturing increases the demand for advanced screw compressors, consequently boosting market demand.
• Increasing technological progress is anticipated to provide profitable market opportunities for screw compressors.
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Key Market Players
The screw compressor market is intensely competitive, marked by many global and regional companies aiming to improve their market standing via technological innovations, strategic alliances, and growth efforts. Some of the major players in the market are:
Atlas Copco AB
BAUER KOMPRESSOREN GmbH.
Boge Kompressoren
ELGI EQUIPMENTS LIMITED
Gardner Denver
Ingersoll Rand
Kaeser Kompressoren SE
Kobelco
Quincy Compressor
Sullair
Screw Compressor Industry Developments
February 2024 - Elgi Equipments unveiled the PG 550-215 trolley-mounted portable screw compressor during the 12th edition of India Stonemart 2024, held at the Jaipur Exhibition and Convention Centre (JECC) in Rajasthan, India.
October 2023 - CompAir, a global leader in energy-efficient compressed air solutions, launched its RL Series-specifically the RL30-160 oil-lubricated screw compressor-expanding its portfolio of reliable industrial compressors and accessories.
April 2023 - Kaishan USA, a prominent manufacturer of industrial air compressors, introduced the KRSL Series, a new line of low-pressure rotary screw air compressors tailored for industrial applications.
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Segmental Overview
• The screw compressor market is segmented based on stage, type, technology, power, end user, and region.
• By type, the oil injected segment captured a larger market share of the screw compressor in 2024 because of its extensive application in heavy industries like manufacturing, construction, and oil and gas.
• The food and beverages segment, based on end user, is anticipated to expand rapidly in the upcoming years, driven by the increasing focus on cleanliness, product standards, and adherence to regulations.
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Regional Analysis
Asia Pacific emerged as the dominant regional market in 2024, capturing the largest revenue share. This growth is primarily attributed to rapid industrialization, infrastructure development, and the expanding automotive manufacturing sector across major economies such as China, India, and Japan.
According to the International Organization of Motor Vehicle Manufacturers (OICA), India produced 5.46 million motor vehicles in 2022, highlighting the nation's robust automotive output-one of the key drivers for screw compressor demand.
China led the regional market, fueled by its extensive industrial base, significant investments in energy and power projects, and government-backed initiatives aimed at bolstering the manufacturing sector. The country's strong footprint in heavy industries and its role as a global manufacturing hub have been instrumental in propelling the screw compressor market forward.
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