Screw Compressor Market Development, Trends, Demand and Forecast Till 2026
According to IMARC Group’s latest report, titled “Screw Compressor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market reached a value of US$ 9.2 Billion in 2020. Screw compressor is a mechanical device that compresses air, gases 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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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.
Screw Compressor Market Trends:
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. Looking forward, IMARC Group expects the global screw compressor market to grow at a CAGR of around 5% during the forecast period (2021-2026).
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Atlas Copco
- Bauer Kompressoren
- Boge Kompressoren
- GE Oil & Gas
- Hitachi Ltd.
- Howden Group Ltd.
- Ingersoll Rand
- Kaeser Kompressoren SE
- Kobe Steel Ltd.
- Man SE
- Siemens AG
- Sullair LLC
- Oil-Injected Screw Compressors
- Oil-Free Screw Compressors
- Stationary Screw Compressors
- Portable Screw Compressors
- Single-Stage Screw Compressors
- Multi-Stage Screw Compressors
- Oil and Gas
- Chemicals and Petrochemicals
- Food and Beverage
- Power Plants
- Mining and Metals
- 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, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- 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.
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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