The global screw compressor market size reached US$ 10.1 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 14.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.59% during 2023-2028.
A screw compressor refers to a mechanical device that compresses air, liquids and gases using a screw-type motion. It is commonly used to provide compressed air to jackhammers, pneumatic pumps, sandblasting operations, industrial paint systems and riveting tools to ensure a continuous supply of compressed air with minimal fluctuations in the delivery pressure. The device majorly consists of concave and convex contour rotors, a casing, air filter, rubber seal, suction valve and delivery valve. In comparison to the traditionally used piston compressors, screw compressors can be used for high-power tools and heavy industrial applications without the requirement of high air pressure.
Rapid industrialization across the globe is one of the key factors driving the growth of the market. There is a widespread product adoption across various industries, including chemical, petrochemical, metal, mining, automotive and oil and gas, as screw compressors deliver premium-quality compressed air with higher efficiencies. Furthermore, the growing demand for natural gas is also providing a boost to the market growth. Screw compressors are largely used for transferring gas, flare elimination and vapor recovery and can also operate under extreme weather conditions, thereby requiring minimal maintenance and reducing the overall operational costs. Various technological innovations, such as the development of energy-efficient and environment-friendly product variants, are acting as another major growth-inducing factor. Other factors, including an increasing product utilization by the food and beverage packaging sector, along with extensive research and development (R&D) activities, are projected to drive the market in the coming years.
2. What are the global screw compressor market drivers?
3. What are the key industry trends in the global screw compressor market?
4. What is the impact of COVID-19 on the global screw compressor market?
5. What is the global screw compressor market breakup by technology?
6. What are the major regions in the global screw compressor market?
7. Who are the key companies/players in the global screw compressor market?
A screw compressor refers to a mechanical device that compresses air, liquids and gases using a screw-type motion. It is commonly used to provide compressed air to jackhammers, pneumatic pumps, sandblasting operations, industrial paint systems and riveting tools to ensure a continuous supply of compressed air with minimal fluctuations in the delivery pressure. The device majorly consists of concave and convex contour rotors, a casing, air filter, rubber seal, suction valve and delivery valve. In comparison to the traditionally used piston compressors, screw compressors can be used for high-power tools and heavy industrial applications without the requirement of high air pressure.
Rapid industrialization across the globe is one of the key factors driving the growth of the market. There is a widespread product adoption across various industries, including chemical, petrochemical, metal, mining, automotive and oil and gas, as screw compressors deliver premium-quality compressed air with higher efficiencies. Furthermore, the growing demand for natural gas is also providing a boost to the market growth. Screw compressors are largely used for transferring gas, flare elimination and vapor recovery and can also operate under extreme weather conditions, thereby requiring minimal maintenance and reducing the overall operational costs. Various technological innovations, such as the development of energy-efficient and environment-friendly product variants, are acting as another major growth-inducing factor. Other factors, including an increasing product utilization by the food and beverage packaging sector, along with extensive research and development (R&D) activities, are projected to drive the market in the coming years.
Key Market Segmentation
The report provides an analysis of the key trends in each sub-segment of the global screw compressor market report, along with forecasts at the global, regional and country level from 2023-2028. Our 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
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined with some of the key players being 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, etc.Key Questions Answered in This Report
1. What is the global screw compressor market growth?2. What are the global screw compressor market drivers?
3. What are the key industry trends in the global screw compressor market?
4. What is the impact of COVID-19 on the global screw compressor market?
5. What is the global screw compressor market breakup by technology?
6. What are the major regions in the global screw compressor market?
7. Who are the key companies/players in the global screw compressor market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Indicators
2 Scope and Methodology
4 Introduction
5 Global Screw Compressor Market
6 Market Breakup by Type
7 Market Breakup by Technology
8 Market Breakup by Stage
9 Market Breakup by End-Use Industry
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 139 |
| Published | October 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 10.1 Billion |
| Forecasted Market Value ( USD | $ 14.1 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
