Global Screw Compressor Market Report and Forecast 2024-2032

Global Screw Compressor Market Outlook

The global screw compressor market attained a value of about USD 12.26 billion in 2023. The market is further expected to grow at a CAGR of 6.3% during the forecast period of 2024-2032 to reach nearly USD 21.21 billion by 2032.          

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Rising Demand for Screw Compressors for Energy-Efficiency to Augment the Market Growth

The global market for screw compressor is being driven by rapid industrialisation around the world. The screw compressor technology is being widely used in significant industry verticals, including automotive, chemical, pharmaceutical, and manufacturing, among others. In the chemical industry, screw compressors are used to produce compressed air with enhanced efficiency. Screw compressors are popularly used for transferring gas, flaring elimination, and are designed to work under extreme weather conditions, which is contributing to the market growth.

In addition to this, screw compressors are highly efficient in terms of energy consumption and are designed to offer zero loss of capacity over time, thereby augmenting the market growth. Furthermore, with the rising global demand for natural gas owing to the rising adoption of sustainable living, the market growth is further bolstering. Moreover, investments into research and development (R&D) aided by the government of various countries to develop energy-efficient methods of production is catalysing the market growth of the industry.

Screw Compressor: Market Segmentation

A screw compressor is a mechanical device that compresses air, liquids, and gases using a screw-type motion. It consists of two helical rotors that are used in compressing external air to an established pressure and ensuring clean, dry, and compressed air.

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On the basis of technology, the market can be segmented into:

• Oil-injected 
• Oil-free

The market, on the basis of stage, can be categorised into:

• Single-Stage 
• Multi-Stage

Based on end use, the market can be divided into:

• Manufacturing 
• Oil and Gas 
• Mining 
• Construction 
• Others

The EMR report looks into the regional markets of screw compressor like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

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The Asia Pacific is Expected to Significantly Contribute to the Market Growth of Screw Compressor

The global market for screw compressor is anticipated to be augmented by the rising demand for screw compressors from the Asia Pacific region. As a result of robust industrialisation and urbanisation in major countries of the region including India and China, along with the flourishing industrial sector, the market demand for screw compressors is expected to have a positive influence on the market growth in the coming years. Measures taken by the Chinese government to increase the quantity of nitrogen used in oil recovery activities is expected to increase the market demand for energy efficient technology hence augmenting the overall market for screw compressors. In addition, as a result of rising pollution levels in the region, the market for screw compressors further holds growth prospects.  Moreover, screw compressors are extensively used in the automotive sector for air tools, plasma cutting, plasma welding, production finishing, and aeration The strong penetration of the automotive industry in the Asia pacific region is thus expected to fuel the market growth in the coming years.

Key Industry Players in the Global Screw Compressor Market

The report presents a detailed analysis of the following key players in the global screw compressor market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.

• Aerzener Maschinenfabrik GmbH
• Atlas Copco AB
• Bauer Comp Holding GmbH
• Emerson Electric Co.
• Kobe Steel Ltd.
• Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

Key Highlights of the Report