Screw Compressor Market Outlook
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.
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.
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.
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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.
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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
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)
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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
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