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According to IMARC Group’s latest report, titled “ Screw Compressor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ”, the global screw compressor market size reached US$ 9.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2027, exhibiting a growth rate (CAGR) of 5.67% during 2022-2027. Screw Driven Air Compressor
Screw compressor is a mechanical device that compresses air, gasses 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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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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.
Screw Compressor Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global screw compressor market has also been examined along with the profiles of the key players.
Some of these key players include:
The report has segmented the screw compressor market based on type, technology, stage, end use, and region.
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, South Africa, Others)
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Key highlights of the report:
Market Drivers and Success Factors
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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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