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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
Report Format: PDF+Excel | Report ID: SR112024A2114
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Market Overview:
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.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 10.7 Billion |
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Market Forecast in 2032
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US$ 16.7 Billion |
| Market Growth Rate 2024-2032 | 4.9% |
A screw compressor refers to a mechanical device that compresses air, liquids and gases using a screw-type motion. It is commonly used to provide compressed air to jackhammers, pneumatic pumps, sandblasting operations, industrial paint systems and riveting tools to ensure a continuous supply of compressed air with minimal fluctuations in the delivery pressure. The device majorly consists of concave and convex contour rotors, a casing, air filter, rubber seal, suction valve and delivery valve. In comparison to the traditionally used piston compressors, screw compressors can be used for high-power tools and heavy industrial applications without the requirement of high air pressure.
Rapid industrialization across the globe is one of the key factors driving the growth of the market. There is a widespread product adoption across various industries, including chemical, petrochemical, metal, mining, automotive and oil and gas, as screw compressors deliver premium-quality compressed air with higher efficiencies. Furthermore, the growing demand for natural gas is also providing a boost to the market growth. Screw compressors are largely used for transferring gas, flare elimination and vapor recovery and can also operate under extreme weather conditions, thereby requiring minimal maintenance and reducing the overall operational costs. Various technological innovations, such as the development of energy-efficient and environment-friendly product variants, are acting as another major growth-inducing factor. Other factors, including an increasing product utilization by the food and beverage packaging sector, along with extensive research and development (R&D) activities, are projected to drive the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global screw compressor market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, technology, stage and end-use industry.
Breakup by Type:
- Oil-Injected Screw Compressors
- Oil-Free Screw Compressors
Breakup by Technology:
- Stationary Screw Compressors
- Portable Screw Compressors
Breakup by Stage:
- Single-Stage Screw Compressors
- Multi-Stage Screw Compressors
Breakup by End-Use Industry:
- Oil and Gas
- Chemicals and Petrochemicals
- Food and Beverage
- Automotive
- Power Plants
- Mining and Metals
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being 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, etc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Type, Technology, Stage, End-Use Industry, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | 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 |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
According to the estimates by IMARC Group, the global screw compressor market is expected to grow at a CAGR of 4.9% during 2024-2032.
Rapid industrialization, along with the widespread adoption of screw compressors across various industries, including chemical, petrochemical, metal, mining, automotive, oil and gas, etc., to deliver premium-quality compressed air with higher efficiencies are some of the key drivers for the global screw compressor market.
Increasing product utilization by the food and beverage packaging sector, along with extensive research and development (R&D) activities represent some of the key trends in the global screw compressor market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of various end use industries and supply chain disruptions of mechanical components for screw compressor.
On the basis of the technology, the global screw compressor market has been bifurcated into stationary screw compressors and portable screw compressors. At present, stationary screw compressors account for the majority of the market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.
The key companies in the global screw compressor market are 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, etc.
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