Screw Compressor Market Size, Share, Growth Report 2030

Screw Compressor Market

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

Category: Heavy Industry Report Format : PDF Pages: 180 Report Code: ZMR-665 Published Date: Sep-2021 Status : Published

The global screw compressor market size was USD 8.6 million in 2020 and is estimated to reach USD 14.9 million by 2028, growing at a CAGR of 7.2% from 2021 to 2028.

Screw Compressor Market Size

The global screw compressor market size was USD 8.6 million in 2020 and is estimated to reach USD 14.9 million by 2028, growing at a CAGR of 7.2% from 2021 to 2028.

A screw compressor is a mechanical device used to compress air using a screw-type motion. The screw compressor functions to rise the pressure of gas to lessen the volume of gas. Screw compressors are broad of two types, oil-injected screw compressors and oil-free type of screw compressors.

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The market is witnessing increase demand for energy-efficient compressors. This is due to demand qualities of screw compressors like higher quality compressed air, low operational and maintenance cost is the prime drivers of the screw compressor market. The upsurge in investments in the refining and petroleum industry are estimated to boost the demand for screw compressors. The rising technological advancements are anticipated to drive the market demand in the forecast period.

COVID-19 Impact Analysis

The COVID-19 outbreak has significantly impacted the manufacturing sector and the majority of MSME. The nationwide lockdown implementation had halted the manufacturing processes resulting loss of revenue. The supply and distribution chain for components of screw compressors got disrupted resulting in even supply of raw materials and delayed delivery of finished products. Lockdown implementation affected the human resource required for production and manufacturing.

Covid-19 has significantly impacted the demand for single-stage screw compressors, the effect of covid-29 is expected to revive after industrial activities are resumed to the pre-pandemic level. Companies all over the world are trying to take necessary measures to overcome the losses incurred during the pandemic period. Companies are resuming their manufacturing processes by ensuing safety of the human resources like labors and employees. Strict hygiene and social distancing regulations re implemented to ensure safety of workers along with efficient production of products.

Growth Factors

The qualities of screw compressors such as delivering high-quality compressed air, low operational and maintenance costs, and higher efficiency are major market drivers of the screw compressor market. The demand for eco-friendly screw compressors is increasing. Industries like food and beverages, chemical and petroleum refining, mining having an increase in investments leading to rise in demand for screw compressors. The screw compressors have less energy cost and work efficiently due to which the demand for screw compressors is increasing. This rising demand is estimated to provide growth opportunities to the screw compressor market. The rising investments in manufacturing sector by the leading economies and growth of end-user industries are estimated to drive the market demand in forecast period.

Report Scope :

Type Segment Analysis Preview

The oil-free screw compressors segment held a share of around 35.8% in 2020. The oil-free screw compressors dominate the market. This is attributed to the extensive use of screw compressors in production and providing service facilities like clean, pure, and oil-free air. The end-user industries like food and beverages processing, textiles, and pharmaceutical production have a higher demand for oil-free screw compressors to eliminate the risk of contamination and to ensure oil-free compressed air. This rise in demand for the screw compressors by the end-user industry is estimated to continue driving the market growth of the segment in the forecast period.

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End User Segment Analysis Preview

The automotive segment will grow at a CAGR of over 6.3% from 2021 to 2028. The screw compressor market is segmented depending on end-user into industries like chemicals & petrochemicals processing, oil & gas, power plants, food & beverage, automotive, metals and mining, and others.

The growth of the market is attributed to the exponential growth of these industries. The increasing investments in manufacturing industry by the emerging economies are anticipated to upsurge the segment in the forecast period. Among these food and beverages, oil and gas are expected to grow at the highest CAGR during the forecast period leading to increased demand for compressed air.

Regional Analysis Preview

The Asia Pacific region is projected to grow at a CAGR of 6.4% over the forecast period. Asia pacific is currently holding the major share of the screw compressor market. This is attributed to the increase in industrialization and increasing energy consumption and presence of manufacturing facilities in this region. China is the dominating the Asia-Pacific market. Also, India and Southeast Asia are majorly contributing screw compressor market. Energy-efficient standards are being implemented by Japan and China thereby boosting the demand for screw compressors in the Asia-Pacific region.

The Middle East and Africa regions are projected to grow at a CAGR of around over the forecast period. This growth is attributed to developments in the metal and mining industry, chemical and petrochemical processing industry. The rising technological advancements and rising adoption of screw compressors by vendors in manufacturing industry are estimated to drive the market demand in the forecast period.

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Key Market Players & Competitive Landscape

Some of the key players in the 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.

The leading market players are focusing on strategies like collaborations partnership, agreements to expand their geographic reach on a user basis. Also, mergers and acquisitions are being implemented to expand the product portfolio. Companies are also focusing on strengthen their distribution channel to strengthen their regional and global customer base.

Ex. In May 2021, Atlas Copco had acquired New England Compressor Distributor. This acquisition will aid Atlas Copco for better distribution in regional market.

The global screw compressor market is segmented as follows:

By Stage

  • Single-Stage
  • Multi-Stage

By Type

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

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

Table Of Content

Methodology

FrequentlyAsked Questions

The global screw compressor market was valued at USD 8.6 Billion in 2020.

The global market is expected to reach USD 14.9 Billion by 2028, growing at a CAGR of 7.2% between 2021 to 2028.

Some of the key factors driving the global screw compressor market growth are increasing demand for eco-friendly screw compressors and increasing investments in industries like chemicals and petrochemicals processing, metals and mining, food and beverages, automotive, oil and gas and power plants.

Asia-Pacific region held a substantial share of the screw compressor market in 2020. This is attributable to the increase in industrialization and increasing energy consumption and presence of manufacturing facilities in this region.

Some of the major companies operating in the 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 among others.

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