According to IMARC Group’s latest report, titled “Screw Compressor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global screw compressor market grew at a CAGR of more than 6% during 2014-2019. Looking forward, IMARC Group expects the global market to exhibit moderate growth by 2025. A screw compressor refers to a mechanical tool that compresses air, liquids, and gases in a screw-type motion. It generally consists of concave and convex contour rotors, a casing, air filter, rubber seal, suction valve, and delivery valve. Screw compressor provides compressed air to jackhammers, pneumatic pumps, sandblasting operations, industrial paint systems, and riveting tools with minimal fluctuations in the delivery pressure. As a result, these compressors are more efficient for heavy industrial applications in comparison to the conventional piston compressors.
Rapid industrialization has led to the rising adoption of screw compressors for delivering high-efficiency compressed air, thereby augmenting the market growth. Moreover, the growing demand for natural gas across diverse industrial verticals has further catalyzed the screw compressor market. Additionally, the increasing use of screw compressors for transferring gas, flare elimination, and vapor recovery, is also driving the market growth. Various technological advancements have led to the development of energy-efficient and environmentally sustainable production models. Besides this, the launch of innovative products for several applications in the food and beverage sector will continue to bolster the global market for screw compressors in the coming years.
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Global Screw Compressor Market Competitive Analysis and Segmentation:
The competitive landscape of the screw compressor market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
The report has segmented the global screw compressor market on the basis of type, technology, stage, end-use industry and region.
Breakup by Type:
Breakup by Technology:
Breakup by Stage:
Breakup by End-Use Industry:
Breakup by Region:
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Key highlights of the report:
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