Global Screw Compressor Market Overview 2019 to 2023: Size, Share, Trends, Manufacturers

1. Market Research Future Has Published a Half-Cooked Research Report on the Global Screw Compressor Market. The Global Screw Compressor Market is set to Exhibit Magnificent Growth at a CAGR of 6.50%, in value terms during the forecast period, according to Market Research Future. The excellent increase in the global screw compressors market can be attributed to the increasing energy-efficient compressors, low maintenance & operational costs, and rise in energy consumption. With the introduction of innovative screw compressor designs by leading global players is also anticipated to escalate at a robust pace, through 2022. The screw air compressor is considered to be one of the types of gas compressors, which work on a rotatory positive displacement mechanism. Mainly, the compressor is driven by an electric motor or diesel engine. These compressors are widely used in high-pressure areas for their high efficiency, as compared to the piston air compressors. These compressors are installed in industries of petrochemicals, power, mining, automotive, pharmaceuticals and other. Top Impacting Factors for Market Growth High level of reliability and energy efficiency presented by screw air compressors is stated to be the prominent driving factors of the market. Moreover, the need for low operational costs and low maintenance across various industries is likely to fuel the screw air compressors in the years to come. Industrial growth in several regions is expected to unfold attractive business opportunities in the near future as well. On the other hand, it is also estimated that the growth of screw compressors in regions like Asia-Pacific will be driven by growing demand for energy in countries such as China and India. In reports by MRFR, it is also stated that according to IBEF, electricity consumption in India is projected to reach 15,300 TWh by 2040 from 4897 TWh from 2016. Additionally, the continuous investment made by the government in power grid infrastructure in order to maximize the reliability of power infrastructure is likely to drive the screw compressor market with a confident pull.

2. Screw Compressor Market Segmentation By the reports presented by MRFR, global screw compressor market has been segmented based on type, technology, stage, end-user and region. By type, the market has been segmented as oil-injected compressor and oil-free compressor. Of these, oil injected screw compressors account for the largest market share in the market for screw compressors as it helps in seal gaps, and play the role of an insulator and maintains the optimal temperature during compression. These advantages are witnessed in numerous end-use industries such as the mining industry, power plants, and packing & pelleting. Other benefits also include no new foundations and noiseless operations. By technology, the market has been segmented into stationary and portable. By stage, the market is segmented into multi-stage screw compressors and single- stage screw compressors. Of these, the multi-stage compressors segment has assumed the top spot in the screw compressor market owing to advanced technology—variable speed drive and turbo pressure. Furthermore, the multi- stage screw compressors are designed in a way to get transported on wheels and are highly energy-efficient. These alluring features can evoke the demand for multi-stage screw compressors in many industrial applications. By end-user, the market is classified into chemicals & petrochemicals, automotive, mining & metals, oil & gas, food & beverage, power plants, and others. Of these, the oil & gas segment is leading the market owing to be used for onshore and offshore applications such as vapor recovery, gas handling, flash gas processing, and fuel gas boosting. Key Players The key players of global Screw compressor market are Bauer Kompressoren, Kaeser Kompressoren SE, Sullair LLC, Boge Kompressoren, Howden Group Ltd, Kobe Steel Ltd, Man SE, Hitachi Ltd., Siemens, Gardner Denver, Inc., GE Oil & Gas, Ingersoll-Rand PLC, and Atlas Copco AB, among others.