Global Screw Compressor Market Analysis 2019 to 2023 is the latest market report on Screw Compressor Industry. The Screw Compressor market is expected to grow at 6.50% CAGR by 2023. Report provides Screw Compressor Market Size, Growth, Manufactures, SWOT analysis with historic and forecast market data.
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Global Screw Compressor Market Analysis 2019 to 2023 is the latest market report on Screw Compressor Industry. The Screw Compressor market is expected to grow at 6.50% CAGR by 2023. Report include insightful Market analysis of Screw Compressor Industry by Type (Oil-Free, Oil-Injected), Technology (Stationary, Portable), Stage (Single, Multi), End-User (F&B, Oil & Gas, Chemicals & Petrochemicals, Mining & Metals, Automotive, Power) and Region. Report provides Screw Compressor Market Size, Growth, Manufactures, SWOT analysis of key players with historic and forecast market data.
Key Players:
The prominent players of global Screw compressor market are listed as Bauer Kompressoren, Kaeser Kompressoren SE, Sullair LLC, Boge Kompressoren, Howden Group Ltd, Kobe Steel Ltd, Man SE, Hitachi Ltd., Siemens, Gardner Denver, Inc., GE Oil & Gas, Ingersoll-Rand PLC, and Atlas Copco AB and many more.
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Screw Compressor Market 2019 Highlights:
Screw compressors market to surge with a host of applications as the energy and power industry is witnessing substantial growth. Market Research Future in its extensive reports has stated that global screw compressor market is estimated to reach a higher valuation at a CAGR of over 6.50 % during the forecast period 2016-2023.
Screw compressors are twin-shaft rotating lobe machines that comprise of two rotating elements consisting of a casing, an air filter, rubber seals, suction valve, and delivery valve. These are majorly used when there is constant demand for air is required. The main advantage of these creates supply compressed air at continuous pace with minimum fluctuation in delivery pressure.
Market Drivers & Trends:
The surging demand for energy-efficient compressors, low maintenance & operation costs, and rise in energy consumption are posing as one of the significant factors behind the screw compressor market growth. On this, it is estimated that the progress of screw compressors in Asia-Pacific is majorly driven by surging demand for energy in countries of China and India.
In case of point, according to IBEF, electricity consumption in India is likely to reach 15,300 TWh by 2040 from 4897 TWh since 2016. In this region, the continuous investment in power grid infrastructure from the government, in order to maximize the consistency of power infrastructure is driving the screw compressor market. The Chinese government is noted to invest around USD 317 billion to expand power grid infrastructure by 2020. All these investments are creating opportunities to drive the market for screw compressors as large amount of energy to run the screw compressor.
Industry Segmentation:
In this study, the global screw compressor market has been segmented by type, technology, stage, and end-user.
In terms of type, the market includes oil-injected compressor and oil-free compressor. Of them, oil-injected screw compressors have the largest market share in the market as it assists in seal gaps and play a vital role as an insulator and maintains the optimal temperature during compression. These advantages are observed in numerous end-use industries of mining, power plants, and packing & pelleting.
In terms of technology, the market included stationary and portable.
In terms of stage, the market consists of multi-stage screw compressors and single-stage screw compressors. Of them, the multi-stage compressors segment assumed the top spot in the market due to advanced technology, having variable speed drive and turbo pressure. Also, the multi-stage screw compressors are designed to get transported on wheels as they are highly energy efficient. These fascinating features can arouse the demand for multi-stage screw compressors in many industrial applications.
In terms of end-user, the market is classified into chemicals & petrochemicals, automotive, mining & metals, oil & gas, food & beverage, power plants, and others. Wherein, the oil & gas segment is foremost in the market as screw compressors are used for onshore and offshore applications, ranging from vapor recovery and gas handling to flash gas processing and fuel gas boosting.
Regional Outlook:
Regionally, the market of screw compressor on the global level has covered its maximum share in regions of North America, Europe, Asia Pacific and the Rest Of the World.
Of them, Asia Pacific occupies the largest market share with the highest CAGR ascribing with industrialization and upward need for efficient tools and machinery. China is being one of the biggest economies that are availing screw compressor market. China is also creating outstanding opportunities for investments in industrialization, which was eventually supported the market for screw compressor rapidly.
The North America region is also anticipated to support the global screw market with a substantial share of the market. In recent, the region has already outperformed by aging equipment failures and replaced it. Thus, changing emission requirements, progress in petrochemical and refining sector are potentially assisting the market from expanding at a higher CAGR.
Lastly, the market size in Europe is extensive and set for expansion during the forecast period by flourishing construction and manufacturing sectors. Moreover, the region is experiencing a hike with the incidence of market players who are involved in the development of efficient air compressors has possibly emerged the market in splendid ways.
Report Scope:
Study Period: 2017 to 2023.
Base Year: 2017.
Key Table of Content:
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.5.1 Threat Of New Entrants
5.5.2 Bargaining Power Of Buyers
5.5.3 Bargaining Power Of Suppliers
5.5.4 Threat Of Substitutes
5.5.5 Intensity Of Rivalry
5.6 Value Chain/Supply Chain Analysis
6 Global Screw Compressor Market, By Type
6.1 Introduction
6.2 Oil-Injected
6.2.1 Market Estimates & Forecast, 2016-2023
6.2.2 Market Estimates & Forecast, By Region, 2016-2023
6.3 Oil-Free
6.3.1 Market Estimates & Forecast, 2016-2023
6.3.2 Market Estimates & Forecast, By Region, 2016-2023
7 Screw Compressor Market 2019 By Technology
Continued…
List of Tables:
List Of Tables
TABLE 1 GLOBAL SCREW COMPRESSOR MARKET, BY REGION, 2016-2023 (USD MILLION)
TABLE 2 NORTH AMERICA SCREW COMPRESSOR MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
TABLE 3 EUROPE SCREW COMPRESSOR MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
TABLE 4 ASIA-PACIFIC SCREW COMPRESSOR MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
TABLE 5 MIDDLE EAST & AFRICA SCREW COMPRESSOR MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
TABLE 6 SOUTH AMERICA SCREW COMPRESSOR MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
TABLE 7 GLOBAL SCREW COMPRESSOR MARKET, BY TYPE, 2016-2023 (USD MILLION)
Continued…
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