ID: MRFR/E&P/1280-HCR | February 2021 | Region: Global | 111 pages
Screw compressor market is expected to mark 5.73% CAGR.
When constant demand for air is required then screw compressors can be used. Screw compressors are twin shaft lobe machines that rely on the principle of positive displacement with internal compression. You can categorize screw compressors as intermittent motion compressors which can further be categorized into medium flow and medium based compressors. It is widely used because the screw compressors can be used continuously with less fluctuation in internal pressure.
Screw compressor market value is in high demand due to its energy-efficient compressors, low operation and maintenance costs. It is also noted that the expansion of screw compressors in the Asia Pacific will be driven by the growing demand for energy in China and India. As per IBEF electricity usage in India is projected to reach 15,300TWh by 2040 from 4897TWh by 2016. To drive the compressor Government to invest a high amount in power grid infrastructure. The Chinese government is also investing some amount in power grid infrastructure.
By region - The screw compressor stocks cover the rapid growth across Europe, North America, and the Asia Pacific. Out of these, the APAC region will be the leading market in the forecast period. In North America, the screw compressor market share is said to be the second-largest share throughout the world.
The presence of numerous established players who are investing in marketing strategies is adding market growth in the region. The manufacturing and construction sectors are adding developing efficient compressors to forbade the worry about air and noise pollution adding to the screw compressor market size growth in the region.
Globally the screw market is expected to rise at a steady pace. The compressor market is driven by the growing need for energy-efficient compressors. Innovative design will bolster its expansion in the next few years. The leading players are Bauer Kompressoren, Kaeser Kompressoren SE, Hitachi ltd, Siemens, etc. these stock market players have adopted certain strategies like partnership, agreements, etc to expand their geographic reach on a user basis. They properly analyze and estimate the market size.
Covid 19 analysis
Covid 19 had a great impact on life globally. Screw compressor market analysis during Covid time shows that a huge crisis arouses on the sector which had either short term or long-term effect on the business. The business received major challenges and risks in the forecast period. It faced the battle on both fronts- health and economic. With the global economic downturn running into the loss of trillions and trillions of market revenue, speculations are made that the recovery period might run well from the next year.
The only way out of this spiral is to strategize through the disruption that occurred due to the pandemic. Businessman all over the world is trying to take screw compressor market share and take necessary measures to counteract the degradation so caused.
The government’s support towards the resources by both public and private sector has paved the paradigm shift. The analysts are continuously watching the stock and engaging in the key industry providing the best insights into the market. The government is concisely reading the situation of the countries and taking steps to curb the dependence on other traditional sources.
Drivers- the compressors deliver constant air for a long period and will satisfy your air demand.
Opportunities- you can increase or decrease the pressure through cognitive electronics totally with the speed of the engine, torque, and power. This will increase its efficiency and you can save fuel also. Screw compressor market trends show that it has encapsulated the compressor with variable frequency drives and a heat recovery system. They work with other companies who help them identify other opportunities amidst the sea.
Challenges- leakages and excess airflow are the biggest challenges and which have been overcome. The system has been well maintained which avoids the loss of air. Control strategy has been carried out during loading and unloading. The well-performing systems are adequately installed with good storage receiver capacity and have good compressor control.
Cumulative Growth- the demand for screw compressor market value is on rising and will continue scaling by both industrialization and urbanization. Stimulative growth is taking place and will also take place in the upcoming years.
Restraints- the restraint of market outlook is the reluctance shown by the customers for adopting new technology. Some other factors affecting the expansion are the infancy cost, the requirement of skilled labor, and proper quality measures.
Value chain analysis
The group of businessmen capitalizes on original technologies to deliver the required product to the customers. They work with other people to propose energy savings through a variety of products. They are minimizing the impact on the environment throughout the chain. They provide total support to meet the customer’s needs which are reported from screw compressor market analysis. They conduct various energy conservation seminars to help the customers save energy and provide concrete solutions to any problems.
By type-The screw compressor market is segmented by type into oil-injected and oil-free screw compressor
By technology- the technology-based segments are stationary and portable. The newly launched features are designed in such a manner that it provides triple benefits in terms of energy encompassment and uptime. It acquires less space, low wear and tear property and will drive the growth at a smooth rate.
By stage- the stage-based segments are a multi and single. Variety of usage of oil such as cooling, lubrication, and sealing gives good performance and contributes to the oil-injected and oil-free compressor. A multi-stage compressor gives high pressure and is preferably used for high-pressure applications.
End-User- By end user market is segmented into food & beverage, power plants, chemicals & petrochemicals, oil & gas, mining & metals, automotive, and others
With all the aspects of business moving on a rhythmic pace by adopting the latest and advanced technologies compressors adopt ultra-modern trends. We have observed swift changes in screw compressor market size.
The screw compressors are used in fields like chemicals and petrochemicals, food and beverages, mining and metals, oil and gas, etc
Screw compressor market growth and deployment of screw compressors owe to operational benefits over other counterparts even during this forecast.
Heavily weighed compressors were available earlier but now you will come across low weighed compressors
Screw compressor market trends have brought compressors of increased capacity and improved productivity
Due to development, you will come across compressors that are economic and attractive. The present-day compressors are of increased human safety and the piston requires less maintenance.
Screw compressor market analysis shows that its major advantage is that it permits the usage of high-pressure ratios in a single mode. For handling the large volume the compressor is fitted with a double stage unit. Their capability to carryout overall performance with accuracy and speed makes them unique. They follow the principle of optimization of positive displacement.
market outlook shows that it works on shock compression technology. The heat generation capacity is very less. Reports say that the compressor is encompassing the framework of dynamics of the market. The strategic framework strengthens the growth journey. The report also brings changes in the parent market. The important segments and regional markets bring in-depth analysis in market dynamics.
|Market Size||2027: 14.19 Billion|
|CAGR||2027: 5.73% CAGR|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Technology, Stage, End-User|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Bauer Kompressoren, Kaeser Kompressoren SE, Hitachi ltd, Siemens|
|Key Market Opportunities||Easy to increase its efficiency and so can save fuel|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The screw compressor market is expected to mark 5.73% CAGR.
The type-based segments of the screw compressor market are oil free and oil injected.
The end-user segments are automotive, F&B, chemicals & petrochemicals, oil & gas, mining & metals, and power.
The technology based segments are portable and stationary.
The key contributors are Bauer Kompressoren, Sullair LLC, Kaeser Kompressoren SE, Boge Kompressoren, Kobe Steel Ltd, Ingersoll-Rand PLC, Howden Group Ltd, Man SE, Hitachi Ltd., Gardner Denver, Inc., Siemens, GE Oil & Gas, and Atlas Copco AB.