The forecasted period is expected to see a steady growth of the global market for screw compressors at a CAGR rate. The market is propelled by the rising need for energy-efficient screw compressors. Additionally, the market is positively influenced by the advantages of screw compressors such as low maintenance, easy usage, and low operational costs. Furthermore, the market’s growth is expected to be bolstered by increasing investments in R&D for innovative designs, coupled with the rising demand from end-user industries. The global screw compressors market is segmented based on type, stage, application, end-use industry, company, and region. The market can be categorized into oil-injected screw compressors and oil-free screw compressors. The oil-injected screw compressors segment dominated the market in 2021 and is expected to maintain its dominance during the forecast period.
This is due to its wide use in industries such as road side construction, mining & processing plants, among others, to reduce costly downtime and production delays. Based on end-use industry, the market is fragmented into oil & gas, chemicals & petrochemicals, food & beverage, automotive, power plants, mining & metals, and others. The automotive segment is projected to lead the screw compressors market during the forecast period due to the growing use of screw compressors for onshore and offshore applications. Some of the major players operating in the screw compressors market are Atlas Copco AB, Ingersoll Rand PLC, GE Oil & Gas, Gardner Denver, Inc., Siemens AG, Hitachi Ltd., Man SE, Kobe Steel Ltd., Howden Group Ltd., and Boge Kompressoren. The key market players are adopting competitive strategies such as mergers & acquisitions, partnership, and agreements to expand their geographic reach and increase their customer base.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on – https://www.techsciresearch.com/report/global-screw-compressors-market/1604.html
Objective of the Study:
- To analyze and estimate the market size of global screw compressors market from 2017 to 2020.
- To estimate and forecast the market size of global screw compressors market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast global screw compressors market based on type, stage, application, end user industry, company and regional distribution.
- To identify dominant region or segment in the global screw compressors market.
- To identify drivers and challenges for global screw compressors market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global screw compressors market.
- To conduct pricing analysis for global screw compressors market.
- To identify and analyze the profile of leading players operating in global screw compressors market.
- To identify key sustainable strategies adopted by market players in global screw compressors market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturerss which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers and presence of all major players across the globe.
TechSci Research calculated the market size of global screw compressors market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Screw compressors manufacturers
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to screw compressors
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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