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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.
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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.
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