Screw Compressor Market - By Type (Oil-free, Oil-Injected), Stage (Single, Multi), Technology (Stationary, Portable), End-User (Chemical & Petrochemicals, Food & Beverage, Mining & Metals, Oil & Gas, Automotive, Power) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Screw Compressor Market held USD 11.01 billion in 2020 and is to grow with a CAGR of 6.5% from 2020-2030. Screw compressors are twin-shaft lobe rotating equipment that function with internal compression as per the positive displacement concept. It consists of two revolving elements: a shell, an air filter,  a suction valve, and a delivery valve. The screw compressor is used mostly when constant air demand is required. Such screw compressors and rubber seals, can also be defined as compressors with intermittent motion. Together with other types of pressurized compressors, they are often classified in medium pressure compressors and medium flow. The key benefit of using screw compressor is that it can provide constant supply of compressed air with minimum supply pressure fluctuation. Screw compressors are often used in high-volume and low-pressure applications.

Market Dynamics and Factors:

Major driving factors for the global screw compressor industry that is pushing the global expansion are increasing demand for fuel-efficient compressors along with growth of industries such as pharmaceutical, F&B, and textile sectors. In addition, lower maintenance & operational costs are factors which will fuel business growth, which will be an ongoing global screw compressor market trend . End-users refusing the introduction of this technological advances is a major limiting aspect that will impact screw compressor market growth. Increased supply for environment-friendly screw compressors are key drivers affecting the screw compressor market growth and opportunities. The key market challenges faced by major screw compressor industry players and manufacturers are strict adherence to  quality standards & environmental criteria along with a lack of skilled labor. Global Screw Compressor market is expected to witness high growth during the forecast period as governments around the globe are developing policies to encourage the use of energy-efficient devices, as they are benefits includes savings in cost and reduced energy consumption which will be a long term global screw compressor market trend.

Market Segmentation:

Based on the type of screw compressor, screw compressor market is bifurcated into oil-free and oil-injected. Depending upon the of stage, the market is divided into single stage screw compressor and multi stage screw compressor. Considering the end-user, the market is classified into food & beverages, chemical & petrochemicals, mining & metals, oil & gas, automotive and power. On the basis of industry, the market is segmented into commercial, military, and general aviation. On the basis of technology, the market is classified into the stationary, portable. Geographic breakdown of these segments includes North America, Europe, Asia-Pacific, and RoW.

Geographic Analysis:

Asia-Pacific is forecast to lead the global screw compressor market by 2021, and is expected to rise from 2020 to 2028 at the highest CAGR. The screw compressor market growth is attributed to increased industrialization, increased energy consumption, and the presence of regional manufacturing facilities. China, India and countries in South-East Asia are driving the Asia-Pacific screw compressor market.

Competitive Scenario:

The global screw compressor industry, which is highly competitive, consists of a few major players like Kaeser Kompressoren SE, Kompressoren,  Sullair LLC, Siemens, Boge Kobe Steel Ltd,Howden Group Ltd, Man SE, Hitachi Ltd., Bauer Kompressoren,  GE Oil & Gas, Ingersoll-Rand PLC, Atlas Copco AB and Gardner Denver, Inc.

Screw Compressor Market Report Scope