Screw Compressors Market

Screw Compressors Market by Technologies (Oil-free Screw Compressor and Oil-injected Screw Compressor), Stages (Single-stage Screw Compressors and Multi-stage Screw Compressors), End-user Industries (Oil & Gas Industry, Construction Industry, Manufacturing Industry [Steel Industry, Chemical Industry, and Others], Mining Industry, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: AL-2761
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 182
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The global screw compressors market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing global capacity and rising industrial investment investments for refinery and petrochemical infrastructure.

Screw Compressors Market key takeaways

A compressor is a device that creates and manages the pressure at various speeds to enable applications, jobs, processes, and functions to be performed at faster rate. The compressors are used for improving the working efficiency and lowering the power consumption costs. The screw compressors are designed to provide a very flexible and highly reliable alternative for low pressure applications. The compressors are used widely in major industries such as semiconductors, energy & power, manufacturing, food & beverage, healthcare, materials & chemicals, home appliances, and oil & gas. The compression of air is used to catalyze and energize different kinds of applications for multiple industrial purposes. The screw compressors are either single-stage or two-stage devices. The single-stage compressor is used to pressurized air into a cylinder and compressed it in a single stroke with a piston. On the other hand the two-stage compressor is used to squeeze the air twice in the chamber for achieving higher pressures than single-stage units. The declining pressures in natural gas fields have greatly increased the use of rotary screw as an alternative to reciprocating machines. The screw compressors do not have suction & discharge valves that open & close automatically based on pressure across which they are operated. The screw compressors require proper positioning of the radial discharge port to control volume ratio and match the internal compression ratio of the machine according to the process requirements. However, the advanced screw compressors are capable of controlling capacity using the slide valve and associated power savings.

The COVID-19 pandemic had a dramatic impact on the dynamics of various industries. The nationwide lockdowns and stringent regulations resulted into the halting of industrial manufacturing and production. The outbreak of coronavirus caused disruption in supply-chain, production, transportation, and research & development activities at global level. Therefore, the economic slowdown due to the pandemic situation had negatively impacted the growth of the screw compressors market.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing demand for energy-efficient compressors and rise in energy consumption are the major factors anticipated to fuel the growth of the market in the coming years.
  • Rising expansion of solar industries and oil recovery activities are increasing usage of industrial gases are expected to propel the market growth during the forecast period.
  • Growing end-user demands, increasing initiatives for energy-efficient solutions, and changing energy efficiency standards are some of the factors spurring the market expansion.
  • Increasing usage of renewable energy sources is likely to decrease in the demand for coal and natural gas for power generation is anticipated to hamper the market growth in the coming years.
  • Ongoing research & developments for innovative product launches and growing industrial investments for the expansion of product line and offerings are expected to offer immense opportunities for the market players in the long run.

Scope of the Report

The report on the global riding gear network market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Screw Compressors Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Technologies (Oil-free Screw Compressor and Oil-injected Screw Compressor), Stages (Single-stage Screw Compressors and Multi-stage Screw Compressors), and End-user Industries (Oil & Gas Industry, Construction Industry, Manufacturing Industry [Steel Industry, Chemical Industry, and Others], Mining Industry, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Emerson Electric Co; Ingersoll-Rand PLC; Daikin Industries, Ltd; and Atlas Copco AB

 

Screw Compressors Market Segment Insights

Oil-injected screw compressor segment is anticipated to register at a substantial CAGR

Based on technologies, the market is bifurcated into oil-free screw compressor and oil-injected screw compressor. The oil-injected screw compressor segment is anticipated to register at a substantial CAGR during the projected period owing to the effective lubrication of the compressor moving parts, efficient cooling of the compressed air, and significant reduction in leaks from the inlets during the discharge. However, the oil-free screw compressor segment is expected to register at a rapid pace during the forecast period owing to its high demand for medical procedures having threat & consequences of oil contamination.

Screw Compressors Market by types

Single-stage screw compressors segment is projected to hold a significant market share

On the basis of stages, the market is segmented into single-stage screw compressors and multi-stage screw compressors. The single-stage screw compressors segment is projected to hold a significant market share during the forecast period due to the rising industrial activities of micro, medium, and small enterprises. Furthermore, the growing industrial applications involving air compression, gas refrigeration, hydrocarbon processing, and power utilization from low-grade heat sources are anticipated to fuel the market segment in the coming years. On the other hand, the multi-stage screw compressors segment is expected to register at a considerable pace owing to the high industrial demand for lightweight, cheap, and volumetric screw compressors. Moreover, the effective lubrication and heat resistance provided by the multi-stage screw compressor is expected to drive the growth of the market segment during the forecast period.

Screw Compressors Market by stages

Manufacturing industry segment is expected to constitute a major market share

Based on end-user industries, the market is segregated into oil & gas industry, construction industry, manufacturing industry, mining industry, and others. The manufacturing industry segment is further divided into steel industry, chemical industry, and others. The manufacturing industry segment is expected to constitute a major market share during the forecast period due to the growing demand from steel, chemical, and glass manufacturing industries. However, the oil & gas industry segment is projected to account for a key market share owing to the increasing demand for capacity control, power saving, and effective lubrication from various manufacturing industries.

Asia Pacific market is anticipated to dominate the market

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is anticipated to dominate the market during the forecast period owing to the growing industrial investments and rising production & consumption of the steel. Moreover, the increasing demand for high-purity industrial gases is expected to fuel demand from leak-proof air separation & compressor units. Therefore, the rising demand for screw compressors to avoid gas leaks is expected to boost the market expansion during the projected timeline. On the other hand, the market in North America is expected to grow at a significant rate during the forecast period due to growing end-user industries, high demand for screw compressors, and increasing government initiatives. Furthermore, the increasing industrialization, rising energy consumption, and growing manufacturing facilities in the region are anticipated to push the growth of the market in the coming years.

Segments

Segment Covered in the report
The global screw compressors market has been segmented on the basis of

Types

  • Oil-free Screw Compressor
  • Oil-injected Screw Compressor

Stages

  • Single-stage Screw Compressors
  • Multi-stage Screw Compressors

End-user Industries

  • Oil & Gas Industry
  • Construction Industry
  • Manufacturing Industry
    • Steel Industry
    • Chemical Industry
    • Others
  • Mining Industry
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Emerson Electric Co
  • Ingersoll-Rand PLC
  • Daikin Industries, Ltd
  • Atlas Copco AB

Competitive Landscape

Key players competing in the global screw compressors market are Emerson Electric Co; Ingersoll-Rand PLC; Daikin Industries, Ltd; and Atlas Copco AB. Companies are focusing on business strategies, various innovations, and collaborations with other industry players for multiple start-ups in emerging economies and new products launches to improve their competitive position in the market.

In September 2021, Daikin Industries, Ltd announced to set up its third manufacturing unit at Sri City, Andhra Pradesh, India. The company planned to manufacture ACs and its components, with a potential to create 3,000 jobs. The plan aimed to serve both domestic and international markets to achieve aggressive market growth in the AC exports over the next few years.

Screw Compressors Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Screw Compressors Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Screw Compressors Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Screw Compressors Market - Supply Chain
  4.5. Global Screw Compressors Market Forecast
     4.5.1. Screw Compressors Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Screw Compressors Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Screw Compressors Market Absolute $ Opportunity
5. Global Screw Compressors Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Screw Compressors Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Screw Compressors Demand Share Forecast, 2019-2026
6. North America Screw Compressors Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Screw Compressors Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Screw Compressors Demand Share Forecast, 2019-2026
7. Latin America Screw Compressors Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Screw Compressors Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Screw Compressors Demand Share Forecast, 2019-2026
8. Europe Screw Compressors Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Screw Compressors Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Screw Compressors Demand Share Forecast, 2019-2026
9. Asia Pacific Screw Compressors Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Screw Compressors Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Screw Compressors Demand Share Forecast, 2019-2026
10. Middle East & Africa Screw Compressors Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Screw Compressors Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Screw Compressors Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Screw Compressors Market: Market Share Analysis
  11.2. Screw Compressors Distributors and Customers
  11.3. Screw Compressors Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Emerson Electric Co
     11.4.2. Ingersoll-Rand PLC
     11.4.3. Daikin Industries, Ltd
     11.4.4. Atlas Copco AB

Segment Covered in the report
The global screw compressors market has been segmented on the basis of

Types

  • Oil-free Screw Compressor
  • Oil-injected Screw Compressor

Stages

  • Single-stage Screw Compressors
  • Multi-stage Screw Compressors

End-user Industries

  • Oil & Gas Industry
  • Construction Industry
  • Manufacturing Industry
    • Steel Industry
    • Chemical Industry
    • Others
  • Mining Industry
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Emerson Electric Co
  • Ingersoll-Rand PLC
  • Daikin Industries, Ltd
  • Atlas Copco AB

Key players competing in the global screw compressors market are Emerson Electric Co; Ingersoll-Rand PLC; Daikin Industries, Ltd; and Atlas Copco AB. Companies are focusing on business strategies, various innovations, and collaborations with other industry players for multiple start-ups in emerging economies and new products launches to improve their competitive position in the market.

In September 2021, Daikin Industries, Ltd announced to set up its third manufacturing unit at Sri City, Andhra Pradesh, India. The company planned to manufacture ACs and its components, with a potential to create 3,000 jobs. The plan aimed to serve both domestic and international markets to achieve aggressive market growth in the AC exports over the next few years.

Screw Compressors Market by key players

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