Screw Compressor Market Increasing at A Phenomenal Pace to Reach More Than USD 14.9 Million By 2028

30-Sep-2021 | Zion Market Research

Major companies in screw compressor Market are Atlas Copco, Hitachi Ltd., Ingersoll Rand Plc., Boge Kompressoren, Kaeser Kompressoren Se, Gardner Denver Inc., Howden Group Ltd., Kobe Steel Ltd., MAN Diesel & Turbo, Siemens Energy and Sullair LLC. These players are set to bolster the development of global screw compressor market.

According to analysts at Zion Market Research, the screw compressor market accounted for more than USD 8.6 million in 2020 and is expected to reach more than USD 14.9 million by 2028, growing at a CAGR of 7.2 % from 2021 to 2028.

This review is based on a report by Zion Market Research, titled “Screw Compressor Market By Stage (Single-Stage and Multi-Stage), By Type (Oil-Injected and Oil-Free), By End-User (Automotive, Chemicals & Petrochemicals Processing, Oil & Gas, Food & Beverage, Others), By Technology (Stationary and Portable) and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”

Global Screw Compressor Market Size

Increase In Demand from End-User Industry To Spur Growth

“Growing demand for screw compressors from end-user industries like chemicals & petrochemicals processing, oil & gas, food & beverage, automotive and others will garner the growth for screw compressors market in the years ahead,” says the author of this study. Apart from this, features of screw compressor such as delivering high quality compressed air, higher efficiency and the quick and dynamic response would increase its application in air treatment and compressor applications. This will result in a significant growth in the screw compressor market. The screw compressors reduce energy costs and provide better efficiency due to which its users are increasing and demand is rising. Growing demand for eco-friendly screw compressors is a major factor that will offer sufficient growth opportunities to the screw compressor market. However, there are some restraining factors for the global market growth, which include high power consumption due to the fast-moving compressor, production of debris due to high-speed operation and resistance in the use of new technology. Other challenges faced by the market players include adherence to stringent quality requirements and environmental parameters and obtaining skilled labour.

Industrial Development to Support Asia-Pacific Growth

Regionally, Asia Pacific has been one of leading the worldwide screw compressor market and is anticipated to continue to grow in the years to come, states the screw compressor market study.  Owing to industrial development, the key demand is visible from countries such as China, Japan, and India. Demand from Asia-Pacific is followed by regions such as North America, Europe, Latin America and the Middle East and Africa. Demand from countries such as Mexico, the U.S., Saudi Arabia, Brazil, and South Africa are the major drivers in the global screw compressor market. The Middle East and Africa is predicted to be the fastest-growing market in the coming future owing to developments in the metal and mining, and chemical and petrochemical industries.

Browse the full Screw Compressor Market By Stage (Single-Stage and Multi-Stage), By Type (Oil-Injected and Oil-Free), By End-User (Automotive, Chemicals & Petrochemicals Processing, Oil & Gas, Food & Beverage, Others), By Technology (Stationary and Portable) and By Region: Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/screw-compressor-market

The global screw compressor market is segmented as follows:

By Type

  • Oil-Injected Screw Compressors
  • Oil-Free Screw Compressors

By Stage

  • Single-Stage
  • Multi-Stage

By Technology

  • Stationary
  • Portable

By End-User

  • Automotive
  • Chemicals & Petrochemicals Processing
  • Oil & Gas
  • Food & Beverage
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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