According to a market report by Lucintel, the future of the screw compressor market looks promising with opportunities in the chemical and petrochemical, food and beverage, mining and metal, oil and gas, automotive, and power plant end use industries. The global screw compressor market is expected to reach an estimated $15.9 billion by 2028 with a CAGR of 4.6% from 2023 to 2028. The major drivers for this market are growing demand for energy-efficient compressors; increasing application of these compressors in petrochemicals, mining, and oil & gas industries; and significant usage of these screw compressors for applications requiring low pressure and high volume.
In this market, oil-injected and oil-free are the two types of screw compressor used by various end use industries. Lucintel forecasts that oil-injected is expected to witness higher growth over the forecast period due to the growing use of this compressor in end-use industries, like mining and power plants, owing to its high reliability, low maintenance costs, and noiseless operations.
Within this market, power plant segment is expected to witness the highest growth over the forecast period due to the significant use of screw compressors in the power industry to produce steady and reliable electricity.
APAC will remain the largest region due to a huge number of screw compressor export activities in China and increasing industrialization and manufacturing facilities in the region.
Ingersoll Rand PLC, Atlas Copco AB, GE Oil & Gas, Siemens AG, and Gardner Denver are the major suppliers in the global screw compressor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global screw compressor market by product type, stage, technology, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Screw Compressor Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global screw compressor market by product type, stage, technology, end use industry, and region, as follows:
Screw Compressor Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Screw Compressor Market by Stage [Value ($B) Shipment Analysis from 2017 to 2028]:
Screw Compressor Market by Technology [Value ($B) Shipment Analysis from 2017 to 2028]:
Screw Compressor Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
Chemicals and Petrochemicals
Food and Beverages
Mining and Metals
Oil and Gas
Automotive
Power Plants
Screw Compressor Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at
helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the screw compressor market by product type (oil-free and oil-injected), stage (single-stage and multi-stage), technology (stationary and portable), end use industry (chemicals and petrochemicals, food and beverages, mining and metals, oil and gas, automotive, and power plants), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?