Product ID: SQMIG15F2164
Global Screw Compressor Market Size, Share, Growth Analysis, By Types(Oil-free and Oil-injected), By Number of Stages(Single-stage and Multi-stage Compressor), By Technology(Stationary and Portable), By Applications(Rotary/Screw Compressor, Reciprocating Air Compressors) - Industry Forecast 2024-2031
Report ID:
SQMIG15F2164 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|
Tables:
110 |
Figures:
73
Global Screw Compressor Market Insights
Global Screw Compressor Market size was valued at USD 10.8 billion in 2022 and is poised to grow from USD 11.43 billion in 2023 to USD 18.9 billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).
Technological advancements in product performance such as Internet of Things based pump monitoring system (IoT), design, and enhanced features are also expected to have a positive impact on the growth of the market. For instance, in March 2023, Elgi North America announced the launch of a new GP35FP portable air compressor. The company showcased the new product in CONEXPO-CON/AGG 2023 at the Las Vegas Convention Center. The air compressors are becoming more connected through the Internet of Things (IoT). IoT sensors and data analytics are used to monitor compressor performance in real time. Furthermore, the rising crude oil prices amid the Ukraine crisis are making the raw materials costlier for the steel industry, which is impacting the cost of the compressor.
The global screw compressor market is driven by rapidly growing technologies across the globe. Screw compressor technology is widely used in important industry verticals, including automotive, pharmaceutical, pharmaceutical and construction among others. Screw compressor is used in the pharmaceutical industry to produce high performance compressed air. Screw compressors are commonly used for air transfer, flame rejection, and are designed to operate in extreme weather conditions, contributing to the growth of the market.
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Global Screw Compressor Market Segmental Analysis
Based on its types, the global screw compressor market can be segmented into oil-free and oil-injected. Based on the number of stages present in the compressor the global screw compressor market can be segmented into single-stage and multi-stage compressor. Based on its technology, the global screw compressor market is segmented into stationary and portable. Based on its applications the global screw compressor market can be segmented into rotary/screw compressor, reciprocating air compressors. By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World.
Analysis by Deployment
The multi-stage section is the dominating segment which can be an important trend because the dual stage rotary screw compressor is a type of air compressor that uses two helical screw elements rotating one for each stage, usually two electric motors are used to touch the screws. Most air handling applications require compressed air at different pressures, which two compressors can provide.
The single-stage segment is growing at the highest CAGR i.e. 6.3% during the forecast period. These compressors have a set of rotors in the stator housing and are driven via gears or a belt pulley system & directly by the motor shaft. Since single stage rotary screw air compressors are initially less expensive than a two-stage air compressor, so much more reliable from a wider range of manufacturers, cost and effective alternatives are readily available.
Analysis by Product
The rotary/screw compressor segment dominated the market by 2023. The features of rotary/screw air compressors, such as low noise, energy efficiency, good performance, easy maintenance and uninterrupted operation, to attract more customers It is anticipated the forecast period will see an increased demand for rotary/screw air compressors.
Reciprocating air compressors are designed for intermittent use in extreme conditions and are cost-effective. They work well for applications where the compressor is frequently turned on and off. Correspondingly, the factors influencing the growth of the compressed air segment are the increasing demand of industries where air quality is important, such as food and beverage chemicals, pharmaceuticals and electronics.
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Global Screw Compressor Market Regional Insights
The screw compressor is an important part of industrial production in various regions of North America. In the U.S. these compressors are widely used in the construction, automotive, and oil and gas industries. Strict environmental regulations have encouraged the adoption of more efficient packaging technologies, in line with sustainability goals. The North America region in the global screw compressor market dominates this market, as the demand from numerous end users for screw compressors in developing economies is promoting. Rapid industrialization in emerging economies and is expected to increase demand for efficient tools & machinery will drive the market growth.
Asia Pacific held the largest market share in terms of revenue, accounting for almost two-fifths of global screw compressor market. Asia-Pacific screw compressor industry is experiencing complex changes driven by many key factors and growth factors. Rapid industrialization in superpowers such as China and India is creating demand in various sectors like manufacturing, oil, gas, petrochemicals, automobiles, etc. for high performance.
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Global Screw Compressor Market Dynamics
Drivers
- Increasing Demand for Energy Efficient Compressors
Increasing demand for energy-saving compressors is driving the market CAGR for the screw compressors market. With the growth in industries like pharmaceutical, F&B and textile industry, the demand for screw compressors is increasing due to energy efficient compressors. It has two helical rotors used in compressing outside air to pressure a contained, ensuring clean, dry and compressed air. Its demand has increased in industries such as chemical and petrochemical processing, metal and mining, food and beverage, automotive, power plants and oil and gas, where high-pressure gasses are required, especially mechanical equipment.
- Technological Advancements
Chinese industry is increasingly demanding screw compressors due to the combination of digitalization and Internet of Things (IoT) technologies, enabling smart screw compressors with features such as remote monitoring, predictive maintenance and optimization capabilities. Environmentally friendly screw compressor design solutions that comply with environmental regulations in China are due to an emphasis on energy efficiency and sustainability. China is becoming an aggressive consumer based on continuous improvements in product performance, reliability and longevity through field testing, consumer investment and sustainable quality assurance methods.
Restraints
- High Start-up Costs
The major market restraint in the global screw compressor market is the willingness of people to adopt new technologies. Other potential barriers to growth include high start-up costs, the need for skilled labor, and the need to maintain quality.
- Operating and Maintenance Costs
While screw compressors are known for their efficiency, there can be ongoing operating and maintenance costs. Some companies find it difficult to allocate routine maintenance, leading to potential operational issues and increased overall costs.
- Technical Challenges:
The complexity of screw compressor technology can be a challenge for some end users. Installation and maintenance of these systems may require specialized knowledge and skilled personnel. This can be a barrier for companies that lack the expertise or resources to effectively manage technology.
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Global Screw Compressor Market Competitive Landscape
The competitive environment of the global Screw Compressor market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. The global market competitive landscape provides detailed information from competitors. Detailed information includes company overview, company financials, earnings, market potential, investment in research and development, new market strategy, global presence, manufacturing regions and locations of production, manufacturing capacity, company strengths and weaknesses, product launches, product expansion and expansion, application authority.
Top Player’s Company Profiles
- Ansell Ltd
- Atlas Copco
- Strategic initiatives
- Bauer Group
- BelAire Compressors
- Cook Compression
- Compressor Products International (CPI)
- Frank Technologies
- Strategic initiatives
- Galaxy Auto Stationary Equipment Co. Ltd.
- Gast Manufacturing, Inc.
- GE Energy, Heyner
- Hitachi Industrial Equipment Systems Co. Ltd.
- Hoerbiger, Ingersoll Rand Plc
- Kaeser Compressors
- MAT Industries, LLC
Recent Developments
- July 2023: Acme Intralog will offer oil-injected screw compressors and oil-free air-piston compressors in the Middle East under an agreement with Rainer Kompresoren of Germany Designed for complex industrial applications, compressed air stations run efficiently and economically if the entire system is connected to Rainer's intelligent management strategy Acme's regional network of qualified professionals can help customers who choose Renner compressors reduce operating costs and actively contribute to CO2 reduction are thrown at him simultaneously by Renner's intelligent communication system.
- In January 2024, Elgi Equipments, a leading air conditioner manufacturer, showcased its PG 550-215 trolley-mounted portable screw air compressor at India's Stonemart 2024. The company introduced the electric powertrain PG110E, PG 55E and PG 75E Portable air compressor launched field service. Implants in the body.
- In December 2023, Atlas Copco launched the B-Air, the first battery-powered portable screw-driven air compressor, which is a significant step toward carbon-free industries with a 55-55-100 battery flow. kWh density. It also provides increased pressure, allowing it to operate without fuel or energy. Switching to electric motors with permanent magnet motors and variable speed reduces maintenance costs and energy consumption.
Global Screw Compressor Key Market Trends
Rising Demand for Advanced Equipments
- The increasing demand for better and advanced mechanical equipment is fueling innovation in the global screw compressor market. Technological advances boosted the commercialization of circulating air compressors in developing countries. Market players are launching advanced screw compressors in major cities in Asia, Africa and South America. China, India and South Africa are among the most active screw compressor markets. Thus, driving screw compressor market revenue.
Global Screw Compressor Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
One of the main advantages of screw compressors is their efficiency in ensuring a continuous and constant flow of compressed air. These compressors deftly meet demands, adjusting their output to fluctuating use in industrial conditions. Their adaptability to a variety of environmental and operational requirements, from small-scale manufacturing to large-scale industrial applications, establishes versatility in energy and manufacturing emphasis. The global screw compressor market is driven by rapidly growing technologies across the globe. Screw compressor technology is widely used in important industry verticals, including automotive, pharmaceutical, pharmaceutical, and construction among others. The pharmaceutical industry uses screw compressors to produce high-performance compressed air. Screw compressors are commonly used for air transfer, fire extinguishing, and are designed to operate in extreme weather conditions, contributing to the growth of the market
Apart from this, screw compressors are extremely efficient in terms of energy consumption and are designed to produce absolutely no loss of capacity over time, sustaining the market growth through global demand an increase in natural gas due to increasing adoption of sustainable living. Investment in research and development (R&D) supported by national governments is a driver for the industry growth in the market
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 10.8 billion |
| Market size value in 2031 | USD 18.9 billion |
| Growth Rate | 5.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Screw Compressor Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Screw Compressor Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Screw Compressor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Screw Compressor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Screw Compressor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Screw Compressor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Screw Compressor Market Report Snapshots
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