Screw Compressor Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Screw Compressor Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : September, 2021 | Energy & Mining

Report Digest


Global Screw Compressor Market: Snapshot

With the augmenting demand for energy-effective screw compressors, the growth prospects in the global screw compressor market have increased significantly. The key factor behind this demand is the rising need for energy-efficient measures among consumers. Apart from this, the surge in the efforts from end users, such as the chemicals, petrochemicals, manufacturing, and the metallurgy and mining sectors, to improve the energy efficiency, is also projected to support this market substantially in the years to come.

The shift in the trend from existing compressors to the modern technology-enabled screw compressors is another important factor, from which, the market is likely to gain considerably over the forthcoming years. However, the high power consumption, owing to the fast movement of the compressor, may limit its adoption among end user in the near future. It also creates a large amount of debris due to its high speed operation, which again, may create complexities in the growth of this market over the next few years.

Screw compressors are basically gas compressors, however, equipped with two helical screws, which are called the rotors and their main function is to compress the air. These screws run continuously in order to avoid any sudden change in the flow as against the piston compressors.

Global Screw Compressor Market: Overview 

The global market for screw compressor is predicted to expand impressively in the years to come on account of the presence of global, regional, and local players competing with each other on the basis of product differentiation. No wonder then, vendors expend a lot of energy on product innovations to expand their outreach and increase the customer pool. 

Raw materials used to manufacture screw compressors are castings, aluminium, and steel. The components include bearings, crankshafts, switches, gauges, rotors, and housings. These components are then assembled by the original equipment manufacturers (OEM) to form the final product of screw compressors. Leading end use segments of the screw compressor market are oil and gas, automotive, chemicals, mining and metals, power plants, and petrochemicals, among others. 

A report by TMR Research conveys in-depth and accurate information on the global market for screw compressor. It describes the scope of the market, segments it depending upon various parameters, and forecasts its growth trajectory. It furnishes a qualitative analysis of the prominent growth drivers and restraints in the market. The report also profiles important players in the market and analyses their strategies and market shares. Further, it leverages market leading analytical tools to gauge the current competitive dynamics. 

Global Screw Compressor Market: Trends and Opportunities 

Screw compressor is essentially a gas compressor that works on the mechanism of a rotary type positive displacement.  Screw compressors steal a march over other compressors by delivering high quality compressed air. Besides, they have reduced maintenance and operational costs. The aforementioned factors has led to the swift uptake of screw compressors. Another factor slated to drive growth in the market in the years ahead is the rising demand for energy-efficient screw compressors on account of the increasing concern among end-users about the need for energy-efficiency measures. 

Depending upon type, the global screw compressor market can be classified into oil-injected compressor and oil-free compressor. A recent noticeable trend is the oil-injected compressors segment outshining the oil-free compressor segment in terms of market share. 

There is a growing demand for screw compressor in end-use industries such as mining and metals, automotive, and chemicals and petro chemicals industries. The segment that is generating maximum demand, however, is manufacturing. Fast-expanding developing economies such as India and the European Union too is driving growth in the global market. 

Global Screw Compressor Market: Regional Outlook 

Geographically, the key segments of the global screw compressor market are Asia Pacific, North America, Europe, and the Rest of the World. Among them, Europe is one of the key regions on account of the substantial demand generated from industries such as automotive, petrochemical, and chemical. Going forward, however, Asia-Pacific is predicted to expand at maximum pace due to the rapid industrialisation in the region. China is forecasted to be one of the dominant markets in the region on account of the massive urbanization and industrialization in the nation. India is another key market in Asia Pacific. Sensing opportunity in the emerging Asia Pacific economies, savvy players are leveraging different strategies to penetrate them and thereby improve their standing in the global market. 

Companies Mentioned in the Report 

To present a detailed analysis of the competition prevailing in the global market for screw compressor, the report profiles companies such as Atlas Copco AB, Ingersoll Rand PLC, GE Oil & Gas, Gardner Denver, Inc., and Siemens AG.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?