- The single-stage segment is projected to dominate the screw compressor market.
- Oil-free screw compressors are expected to grow at the fastest rate.
- Asia-Pacific is projected to dominate the global screw compressor market.
The global screw compressor market is estimated to be $7.99 billion in 2016 and is expected to grow at a CAGR of 6.62% from 2016 to 2021. Increasing demand for energy-efficient compressors and rise in energy consumption are major factors driving the screw compressor market.
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the screw compressor market. These players include Atlas Copco AB (Sweden), Ingersoll Rand PLC (Ireland), GE Oil & Gas (U.K.), Gardner Denver, Inc. (U.S.), and Siemens AG (Germany). Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.
The report segments the screw compressor market on the basis of stage into single-stage and multi-stage. The single-stage segment is projected to dominate the screw compressor market during the forecast period.
The screw compressor market is segmented based on technology into stationary and portable. Stationary segment accounted for largest market size in 2015 and is expected to grow at the fastest growth rate from 2016 to 2021. Stationary screw compressors are used by diverse range of industries such as food & beverage, automotive, chemicals & petrochemicals, textile, pharmaceuticals, electronics, and so on.
The report segments the screw compressor market on the basis of type into oil-injected and oil-free. The oil-injected segment accounted for the largest market share in 2015. Oil-injected screw compressors range used in industries such as road side construction, mining & processing plants, and automobiles to reduce costly downtime and production delays. Oil-free screw compressors are expected to grow at the fastest rate during the forecast period, owing to requirement of clean and oil-free air by food & beverage, electronics, textile, and pharmaceutical industries. This segment is expected to create new revenue pockets for the screw compressor market during the forecast period.
In this report, the screw compressor market has been analyzed with respect to five regions, namely, Asia-Pacific, the Middle East & Africa, Europe, North America, and Latin America. Asia-Pacific is projected to dominate the global screw compressor market by 2021 and is expected to grow at the highest CAGR from 2016 to 2021. This growth is attributed to increasing industrialization, rise in energy consumption, and presence of manufacturing facilities in the region. China, India, and Southeast Asian countries are driving the screw compressor market in the Asia-Pacific region.
“Dehydrating Breather Market by Type (Conventional and Self-Dehydrating Breather), Desiccant Volume (<2.0 Kg, 2.0 – 4.0 Kg, and >4.0 Kg), End-User (Utilities, Industrial, Heavy-Duty Vehicles), and Region – Global Forecast to 2023″
Only $1/clickSubmit Your Ad Here