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Screw Compressors Market Size (2024 - 2029)

The screw compressors market is anticipated to experience growth driven by increased investments in refinery and petrochemical infrastructure, which are expected to boost demand. Despite potential constraints from the rising use of renewable energy sources, the market's expansion is supported by the need for energy-efficient solutions and the diverse applications of single-stage screw compressors in various industries. The Asia-Pacific region is projected to be a significant contributor to global market consumption, particularly due to the growing demand for natural gas.

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Market Size of Screw Compressors Industry

Screw Compressors Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR 5.09 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Screw Compressors Market Major Players

*Disclaimer: Major Players sorted in no particular order

Screw Compressors Market Analysis

The screw compressors market is expected to grow at a CAGR of around 5.09% during the period of 2020-2025. the global refining capacity accounted for 101.340 million barrels per day in 2019, with an increase of 1.5%, as compared to the previous year. Looking ahead, higher global capacity is slated to be added in the near term, which may lead the capacity to continue to outpace the demand growth. Thus, the increasing investments in infrastructure in the refinery and petrochemical sectors are expected to increase the demand for screw compressors. However, the increase in the usage of renewables is likely to restrain the growth of the market during the forecast period, owing to the decrease in the demand for coal and natural gas for power generation.

  • Single-Stage screw compressors are estimated to have maximum share of the screw compressors market, in 2018, due to its diverse range of applications in industries such as oil and gas, manufacturing, etc.
  • Manufacturers are now making strides to become more energy-efficient, amidst rising end-user demands and changing energy efficiency standards, in several nations. If the manufacturers manage to increase the efficiency of screw compressors to a significant level, it is expected to create ample opportunity for the market in the future.
  • The Asia-Pacific region is among the fastest-growing regions, and it is likely to drive the overall global consumption. The increase in the demand for natural gas is likely to foster the demand for screw compressors for use in the production and supply of gas.

Screw Compressors Industry Segmentation

The screw compressors market report include:

Technology
Oil-injected Screw Compressor
Oil-free Screw Compressor
Stage
Single-Stage Screw Compressors
Multi-Stage Screw Compressors
End-User Industry
Manufacturing Industry
Steel Industry
Chemical Industry
Other Manufacturing Industries
Oil and Gas Industry
Mining Industry
Construction Industry
Other End-User Industries
Geography
North America
Europe
Asia-Pacific
South America
Middle-East and Africa
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Screw Compressors Market Size Summary

The screw compressors market is poised for significant growth, driven by increasing investments in infrastructure within the refinery and petrochemical sectors. This growth is anticipated despite potential challenges posed by the rising adoption of renewable energy sources, which could dampen demand for traditional energy sources like coal and natural gas. Single-stage screw compressors are expected to dominate the market due to their versatile applications across industries such as oil and gas and manufacturing. Manufacturers are focusing on enhancing energy efficiency to meet evolving standards and consumer demands, which could open new avenues for market expansion. The Asia-Pacific region is projected to be a key driver of global consumption, fueled by rising natural gas demand and industrial activities, particularly in China and India.

The market landscape is characterized by a fragmented structure with numerous players, including prominent companies like Atlas Copco AB, Daikin Industries, Ltd, Ingersoll-Rand PLC, and Emerson Electric Co. The Asia-Pacific region, especially China and India, is expected to lead in growth, supported by increased steel production and government initiatives like 'Make in India' to boost manufacturing. The demand for industrial gases and air separation units, which utilize screw compressors, is also on the rise due to expanding industrial activities. Despite the COVID-19 pandemic's adverse impact on industrial operations, a recovery is anticipated as activities return to pre-pandemic levels, further bolstering the market for screw compressors.

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Screw Compressors Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast, in USD billion, till 2025

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Technology

      1. 2.1.1 Oil-injected Screw Compressor

      2. 2.1.2 Oil-free Screw Compressor

    2. 2.2 Stage

      1. 2.2.1 Single-Stage Screw Compressors

      2. 2.2.2 Multi-Stage Screw Compressors

    3. 2.3 End-User Industry

      1. 2.3.1 Manufacturing Industry

        1. 2.3.1.1 Steel Industry

        2. 2.3.1.2 Chemical Industry

        3. 2.3.1.3 Other Manufacturing Industries

      2. 2.3.2 Oil and Gas Industry

      3. 2.3.3 Mining Industry

      4. 2.3.4 Construction Industry

      5. 2.3.5 Other End-User Industries

    4. 2.4 Geography

      1. 2.4.1 North America

      2. 2.4.2 Europe

      3. 2.4.3 Asia-Pacific

      4. 2.4.4 South America

      5. 2.4.5 Middle-East and Africa

Screw Compressors Market Size FAQs

The Screw Compressors Market is projected to register a CAGR of 5.09% during the forecast period (2024-2029)

Atlas Copco AB, Daikin Industries, Ltd , Ingersoll-Rand PLC and Emerson Electric Co are the major companies operating in the Screw Compressors Market.

Screw Compressors Market Report Snapshots

Screw Compressors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)