Global Screw Compressor Market

Screw Compressor Market Size, Share, Growth Analysis, By Types (Oil-free, Oil-injected), By Number of Stages (Single-stage, Multi-stage Compressor), By Technology (Stationary, Portable), By End User (Oil & Gas, Food & Beverage), By Region - Industry Forecast 2025-2032.


Report ID: SQMIG15F2164 | Region: Global | Published Date: November, 2024
Pages: 184 | Tables: 110 | Figures: 73

Screw Compressor Market Dynamics

Drivers

  • Increasing Demand for Energy Efficient Compressors

Increasing demand for energy-saving compressors is driving the market CAGR for the screw compressors market. With the growth in industries like pharmaceutical, F&B and textile industry, the demand for screw compressors is increasing due to energy efficient compressors. It has two helical rotors used in compressing outside air to pressure a contained, ensuring clean, dry and compressed air. Its demand has increased in industries such as chemical and petrochemical processing, metal and mining, food and beverage, automotive, power plants and oil and gas, where high-pressure gasses are required, especially mechanical equipment.

  • Technological Advancements

Chinese industry is increasingly demanding screw compressors due to the combination of digitalization and Internet of Things (IoT) technologies, enabling smart screw compressors with features such as remote monitoring, predictive maintenance and optimization capabilities. Environmentally friendly screw compressor design solutions that comply with environmental regulations in China are due to an emphasis on energy efficiency and sustainability. China is becoming an aggressive consumer based on continuous improvements in product performance, reliability and longevity through field testing, consumer investment and sustainable quality assurance methods.

Restraints

  • High Start-up Costs

The major market restraint in the global screw compressor market is the willingness of people to adopt new technologies. Other potential barriers to growth include high start-up costs, the need for skilled labor, and the need to maintain quality.

  • Operating and Maintenance Costs

While screw compressors are known for their efficiency, there can be ongoing operating and maintenance costs. Some companies find it difficult to allocate routine maintenance, leading to potential operational issues and increased overall costs.

  • Technical Challenges:

The complexity of screw compressor technology can be a challenge for some end users. Installation and maintenance of these systems may require specialized knowledge and skilled personnel. This can be a barrier for companies that lack the expertise or resources to effectively manage technology.

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FAQs

Global Screw Compressor Market size was valued at USD 10.9 billion in 2022 and is poised to grow from USD 11.5 billion in 2023 to USD 18.2 billion by 2031, growing at a CAGR of 5.9% during the forecast period (2024-2031).

The competitive environment of the global Screw Compressor market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. The global market competitive landscape provides detailed information from competitors. Detailed information includes company overview, company financials, earnings, market potential, investment in research and development, new market strategy, global presence, manufacturing regions and locations of production, manufacturing capacity, company strengths and weaknesses, product launches, product expansion and expansion, application authority. 'Atlas Copco ', 'Ingersoll Rand ', 'Emerson Electric Co. ', 'Daikin Industries ', 'Hitachi Ltd. ', 'Kobe Steel Ltd. ', 'Kaeser Kompressoren SE ', 'GE Oil & Gas ', 'Siemens AG ', 'Bauer Kompressoren ', 'Boge Kompressoren ', 'Howden Group Ltd. ', 'Sullair LLC ', 'Man SE ', 'Mitsubishi Electric Corporation ', 'Gardner Denver ', 'ELGI Equipments ', 'FS-Curtis ', 'Chicago Pneumatic ', 'Quincy Compressor'

Increasing Demand for Energy Efficient Compressors

The increasing demand for better and advanced mechanical equipment is fueling innovation in the global screw compressor market. Technological advances boosted the commercialization of circulating air compressors in developing countries. Market players are launching advanced screw compressors in major cities in Asia, Africa and South America. China, India and South Africa are among the most active screw compressor markets. Thus, driving screw compressor market revenue.

The screw compressor is an important part of industrial production in various regions of North America. In the U.S. these compressors are widely used in the construction, automotive, and oil and gas industries. Strict environmental regulations have encouraged the adoption of more efficient packaging technologies, in line with sustainability goals. The North America region in the global screw compressor market dominates this market, as the demand from numerous end users for screw compressors in developing economies is promoting. Rapid industrialization in emerging economies and is expected to increase demand for efficient tools & machinery will drive the market growth.

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Global Screw Compressor Market

Report ID: SQMIG15F2164

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