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Global Screw Compressor Market to Grow at a CAGR of 6.3% During 2021-2026, Aided by the Rising Benefits of Oil-Injected Screw Compressors in the Manufacturing Sector

According to a new report by EMR titled, ‘Global Screw Compressor Market Report and Forecast 2021-2026’, the market attained a value of about USD 10.2 billion in 2020. The industry is further expected to grow at a CAGR of 6.3% in the forecast period of 2021-2026 to reach a value of nearly USD 14.7 billion by 2026.

The global market for screw compressor is being driven by the rising need for energy-efficient air compressors. Screw compressors are popularly used for transferring gas, flaring elimination, and are designed to work under extreme weather conditions, which is contributing to the market growth. In addition, favourable characteristics of the product, such as easy to use technology, low maintenance and operation costs, are further contributing to the industry growth. Furthermore, oil-injected screw compressors are expected to dominate the market growth in the coming years. Oil-injected screw compressors are widely used in industrial applications, such as mining and roadside construction, due to the injected oil in the compression chamber that helps to remove from the compression process and aids in minimising leakage in the compression chamber. Additionally, the absence of a duty cycle in oil-injected screw compressor is advantageous in long durations of operations, which is particularly beneficial in the manufacturing industry for uninterrupted production, thereby invigorating the market growth of screw compressor.

The market is expected to be augmented by the new launches and innovations by the screw compressor companies, such as Emerson Electric Co. (NYSE: EMR) and Bitzer. The latter company recently announced a new line of its screw compressors in July 2021. The new compact screw compressor CSW85/95 motor version 4 is designed to achieve improved efficiency in water-cooled high-performance liquid chillers. The product is a result of the heightened industrial demand from India and within Europe after the positive results received in the Chinese market. The screw compressors by Bitzer are specifically designed to help in providing highly efficient water-cooled air conditioning and process chiller applications with maximum condensing temperatures up to 46 degrees. In addition, the motor version 4 features increased efficiency in the target application and a reduced maximum operating current. Such innovation by market players is augmenting the market growth.

Market Analysis by Technology, Stage, End Use, and Region:

  • On the basis of technology, the market can be divided into oil-injected and oil-free. 
  • Based on stage, the market can be segmented into single-stage and multi-stage.
  • The major end use of screw compressors are manufacturing, oil and gas, mining, and construction, among others.
  • The major regional markets for screw compressor are North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa.

Key Findings of the Report:

  • The growth in the market can be attributed to the rising market demand for screw compressors in various end-user industries to produce compressed air with enhanced efficiency.
  • The rising concerns regarding environmental degradation are augmenting the market for natural gas, which, in turn, is providing impetus to the market growth of screw compressor. 
  • As a result of rising pollution levels and the resultant demand for clean methods of production, the overall market growth of screw compressors is expected to be positively affected.
  • Factors such as easy to use technology, low maintenance and operation costs are positively influencing the market growth of screw compressor. 
  • The rising demand for oil-injected screw compressors in the manufacturing sector due to the long operation ability of the product is expected to boost the industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global screw compressor industry for the periods (2016-2020) and (2021-2026).
  • The report also offers historical (2016-2020) and forecast (2021-2026) markets for technologies, stages, end uses, and regions of screw compressor. 
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global screw compressor market are Aerzener Maschinenfabrik GmbH, Atlas Copco AB, Bauer Comp Holding GmbH, Emerson Electric Co., and Kobe Steel Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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