The global screw compressor market accounted for a value of USD 8.8 billion in 2019. Screw compressor market projected to register growth at a CAGR of 5.8% during forecast period.
COVID-19 has impacted all the businesses over the globe. The supply chain of raw material and finished products is disrupted due to travel restriction and international border closer. The manufacturing facilities have to shut down due to lockdown. The screw compressor market is estimated to witness decline in growth due to COVID-19.
For more details, visit: Global Screw Compressors Market By Type (Oil Injected Screw Compressors, Oil-Free Screw Compressors), By Stage (Single-Stage, Multi-Stage), By Technology (Stationary, Portable), By, End User, By Region–Forecast & Opportunities to 2026
Screw compressors have various features such as high efficiency, dynamic response and it delivers high quality compressed air. The demand and adoption of screw compressor is increasing in compressor and air treatment applications. This drives growth in screw compressor market during forecast period.
On the basis of type, the screw compressors market is segmented into oil injected and oil-free screw compressors. The oil-injected screw compressors segment accounted for largest market share in 2019 and it is estimated to dominate the market during forecast period. The oil-injected screw compressors have wide application in various industries such as road side construction, processing plants &mining and others across the globe. These crews help in reducing production delays and downtime which reduces cost.
On the basis of stage, the screw compressors market is segmented into single-stage and multi-stage screw compressors. The single stage screw compressors market is estimated to dominate to market during forecast period. These compressors use single stage for compressing gas in between tool nozzle and inlet valve. This compressor is low maintenance and energy efficient and is widely adopted by various end users industries. This is likely to drive growth in single-stage screw compressors during forecast period.
On the basis of end-use, the screw compressor market is segmented into mining & metals, power plants, automotive, food & beverage, chemicals & petrochemicals, oil & gas and others. The automotive segment is estimated to dominate the market in screw compressors market during forecast period. The demand and adoption is increasing for screw compressors in this industry as they are energy efficient and low maintenance. It has wide use in offshore and onshore application for vapor recovery, fuel gas boosting, flash gas processing and gas handling. This drives growth in screw compressors market during forecast period.
Asia-Pacific region is estimated to hold largest market share during forecast period. The industrialization is rapidly increasing in this region. The energy consumption and demand for natural gas is increasing due to larger population and developing economies. China is expected to dominate the market in screw compressors in this region. Various other countries such Japan are implementing some standards for energy efficiency and adopting screw compressors at large scale. This is estimated to drive growth in screw compressors in Asia-Pacific region during forecast period.
The key market players in screw compressors industry are Bauer Kompressoren, Kaeser Kompessorn SE, Sullair LLC, Boge Kompressoren, Howden Group, Kobe Steel Ltd., Man SE, Hitachi Ltd., Siemens, Gardner Cenver Inc., GE oil & Gas, Ingersoll-Rand PLC, Atlas Copco AB and Daikin Industries.
- What are the expected industry trends over the next three to five years?
- Which of the screw compressor type is likely to lead by 2025?
- Which of the end-user segments is expected to have the maximum potential to during the forecast period?
- Which region is going to have the highest smart meters market share by 2025?
- What are different organic and inorganic strategies implemented by companies to gain increased market share?