IMARC Group, a leading market research company, has recently released a report titled “Screw Compressor Market Report by Type (Oil-Injected Screw Compressors, Oil-Free Screw Compressors), Technology (Stationary Screw Compressors, Portable Screw Compressors), Stage (Single-Stage Screw Compressors, Multi-Stage Screw Compressors), End-Use Industry (Oil and Gas, Chemicals and Petrochemicals, Food and Beverage, Automotive, Power Plants, Mining and Metals, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the global screw compressor market trends, share, size, and industry trends forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global screw compressor market size reached US$ 10.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.9% during 2024-2032.
Global Screw Compressor Market Trends:
The ongoing construction and infrastructure projects worldwide requiring compressed air for various applications are driving the market growth.
Additionally, the increasing oil and gas exploration activities, where screw compressors are crucial for upstream oil and gas activities, including drilling rigs and pipeline operations, are fueling the market growth. Besides this, the imposition of stringent quality requirements in pharmaceutical manufacturing, which necessitates reliable and contamination-free compressed air, making screw compressors a preferred choice, is bolstering the market growth.
Furthermore, recent innovations in screw compressor design, including variable speed drives and IoT integration, which enhance efficiency, reliability, and remote monitoring capabilities, are acting as another growth-inducing factor.
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Factors Affecting the Growth of the Screw Compressor Industry:
· Energy Efficiency:
Screw compressors are highly favored in industrial applications due to their superior energy efficiency. Compared to reciprocating compressors that operate with alternating cycles of compression and expansion, screw compressors utilize continuous rotary motion, resulting in smoother and more efficient air compression. This efficiency translates to energy savings for industries, reducing their operational costs and environmental impact.
Furthermore, industries ranging from manufacturing plants to automotive facilities and pharmaceutical manufacturers are increasingly opting for screw compressors to optimize their energy consumption while maintaining high operational output.
Moreover, advancements in screw compressor technology, such as variable speed drives and improved rotor profiles, are further enhancing their efficiency across varying load conditions, making them indispensable in modern industrial operations.
· Industrial Automation:
The surge in industrial automation is catalyzing the demand for reliable and advanced compressed air systems, thus propelling the growth of the screw compressor market. Automation-driven manufacturing processes require precise and consistent air supply for pneumatic tools, robotic systems, and various production equipment. Screw compressors, with their ability to provide continuous and stable air pressure, meet these requirements effectively. They integrate seamlessly into automated production lines, offering consistent performance and minimizing downtime, which is crucial for maintaining productivity levels in automated environments. As industries continue to embrace automation and smart manufacturing practices, the reliance on efficient compressed air solutions like screw compressors is expected to intensify, driving further market expansion.
· Rising Manufacturing Activities:
The global expansion of manufacturing activities, particularly in sectors such as automotive, electronics, and food processing, is fueling the demand for screw compressors. These sectors rely heavily on compressed air for a wide range of applications, like pneumatic tools, material handling, and assembly line operations. Screw compressors provide a reliable and continuous source of compressed air, essential for maintaining production efficiency and quality standards in high-volume manufacturing environments.
Moreover, as manufacturing processes become more sophisticated and technologically advanced, the need for robust and efficient compressed air systems becomes paramount, positioning screw compressors as integral components in modern manufacturing facilities worldwide.
Screw Compressor Market Report Segmentation:
By Type:
· Oil-Injected Screw Compressors
· Oil-Free Screw Compressors
Oil-injected screw compressors hold the majority of the market share due to their widespread adoption across industries requiring robust and cost-effective compressed air solutions, balancing efficiency with initial investment costs.
By Technology:
· Stationary Screw Compressors
· Portable Screw Compressors
Stationary screw compressors accounted for the largest market share owing to their stability and continuous operation capability, making them ideal for industrial applications where reliability and constant air supply are critical.
By Stage:
· Single-Stage Screw Compressors
· Multi-Stage Screw Compressors
Single-stage screw compressors represented the largest segment because of their simplicity and efficiency in applications where moderate air pressure requirements can be met effectively without the need for multi-stage compression.
By End-Use Industry:
· Oil and Gas
· Chemicals and Petrochemicals
· Food and Beverage
· Automotive
· Power Plants
· Mining and Metals
· Others
Oil and gas hold the majority of the market share, driven by extensive upstream and downstream operations that rely heavily on compressors for tasks ranging from drilling and extraction to refining and distribution, necessitating robust and reliable compressed air solutions.
Regional Insights:
· North America
· Asia Pacific
· Europe
· Latin America
· Middle East and Africa
Asia Pacific's dominance in the market is attributed to rapid industrialization, infrastructure development, and expanding manufacturing sectors.
Competitive Landscape with Key Players:
The competitive landscape of the screw compressor market size has been studied in the report with the detailed profiles of the key players operating in the market.
Some of These Key Players Include:
· Atlas Copco
· Bauer Kompressoren
· Boge Kompressoren
· GE Oil & Gas
· Hitachi Ltd.
· Howden Group Ltd.
· Ingersoll Rand
· Kaeser Kompressoren SE
· Kobe Steel Ltd.
· Man SE
· Siemens AG
· Sullair LLC
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Key Highlights of the Report:
· Market Performance (2018-2023)
· Market Outlook (2024-2032)
· Market Trends
· Market Drivers and Success Factors
· Impact of COVID-19
· Value Chain Analysis
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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