According to IMARC Group’s latest report, titled “Screw Compressor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global screw compressor market is expected to exhibit moderate growth during 2021-2026. Screw compressor is a mechanical device that compresses air, gases and liquids using a screw-type motion. It is usually used to provide compressed air to pneumatic pumps, jackhammers, industrial paint systems, sandblasting operations and riveting tools to ensure a continuous supply of compressed air with nominal fluctuations in the delivery pressure. Compared to the conventionally used piston compressors, screw compressors can be utilized for high-power tools and heavy industrial applications without the requirement of high air pressure. As a result, these devices find extensive application across various industries, including chemical, petrochemical, metal, mining, automotive, oil and gas, etc.
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Rapid industrialization across the globe is
primarily driving the growth of the market. Furthermore, the escalating demand
for natural gas is also providing a thrust to the market growth. Screw
compressors are widely used for transferring gas, vapor recovery, and flare
elimination and can also operate under extreme climatic conditions, thereby
requiring nominal maintenance and operational costs. Various technological
advancements, such as the introduction of energy-efficient and
environment-friendly product variants, are acting as another major
growth-inducing factor. Numerous other factors, including an increasing product
adoption by the food and beverage packaging sector, along with the extensive
R&D activities, are projected to further drive the market in the coming
years. Looking
forward, IMARC Group expects the global screw compressor market to grow at a
CAGR of around 5% during the forecast period (2021-2026).
As the novel
coronavirus (COVID-19) crisis takes over the world, we are continuously
tracking the changes in the markets, as well as the industry behaviors of the
consumers globally and our estimates about the latest market trends and
forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
·
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
Market
Segmentation:
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
· North America (United States, Canada)
· Europe (Germany, France, United Kingdom, Italy,
Spain, Others)
· Asia Pacific (China, Japan, India, Australia,
Indonesia, Korea, Others)
· Latin America (Brazil, Mexico, Others)
· Middle East and Africa (United Arab Emirates, Saudi
Arabia, Qatar, Iraq, Others)
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Analyst for Customization and Explore full report with TOC & List of
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
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.
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company’s expertise.
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