Screw Compressors is anticipated to project robust growth in the forecast period with a CAGR of 5.21% through 2029

The increasing investments in infrastructure in the refinery and petrochemical sectors are a major factor attributable to the growth of the market.

According to TechSci Research report, “Global Screw Compressors Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”. The Global Screw Compressors is anticipated to project robust growth in the forecast period with a CAGR of 5.21% through 2029, With higher global capacity additions expected in the near term, surpassing demand growth, investments in refinery and petrochemical infrastructure are set to rise, boosting demand for screw compressors. The Single-Stage Screw Compressors segment is forecasted to dominate, utilizing a single stage for gas compression from inlet to nozzle, primarily oil-injected and delivering pressures of 100–125 psig.

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The single-stage screw compressor market has experienced consistent growth, driven by increasing industrial activities, particularly among micro, medium, and small enterprises (MSMEs). Examples include Hitachi's DSP NEXT2 Series and Ingersoll Rand's SS Series. Despite COVID-19's significant impact on MSMEs, including reduced activities due to lockdowns and decreased demand, recovery is anticipated as industrial activities return to pre-pandemic levels, likely toward the end of the forecast period with vaccine availability or herd immunity.

Based on Region, Asia Pacific is Expected to dominate the market.  Asia-Pacific is poised to dominate the screw compressors market, exhibiting the fastest growth rate during the forecast period. In 2018, steel production in the region surged significantly, particularly in China, the largest global producer and consumer. China's plans to augment nitrogen quantities for oil recovery and the expanding solar industry driving argon demand are expected to boost the need for industrial gases. This, coupled with India's emergence as a key investment destination due to initiatives like 'Make in India', is anticipated to drive demand for screw compressors across various end-user industries in the region.

Key market players in the Global Screw Compressors Market are following: -

• Aerzener Maschinenfabrik GmbH
• Atlas Copco AB
• Bauer Comp Holding GmbH
• Daikin Industries, Ltd.
• Emerson Electric Co.
• Hitachi Industrial Equipment Systems Co., Ltd.
• Ingersoll-Rand Inc
• Mitsubishi Electric Corporation
• Kobe Steel Ltd.
• GE Oil & Gas 

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“Several key drivers are propelling the global screw compressors market, reshaping the industry landscape. Firstly, there's a notable surge in demand for energy-efficient compressed air solutions, with screw compressors being highly efficient options, appealing to industries aiming to cut energy usage and operational costs. Secondly, the expansion of industries in emerging economies, particularly in Asia-Pacific, is fueling demand for screw compressors. Rapid industrialization and infrastructure development necessitate reliable compressed air systems, driving market growth. Thirdly, stringent environmental regulations are prompting industries to adopt eco-friendly technologies. Screw compressors, especially oil-free variants, are preferred for their minimal environmental impact, aligning with sustainability objectives. Fourthly, digitalization and IoT integration are enhancing operational efficiency and predictive maintenance capabilities, making screw compressors more attractive to industries seeking data-driven solutions. Lastly, the trend towards customized and modular screw compressor systems enables end-users to optimize their compressed air solutions, meeting specific application requirements. These drivers collectively fuel the growth of the global screw compressors market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Screw Compressors Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Technology (Oil-injected Screw Compressor and Oil-free Screw Compressor), Stage (Single-Stage Screw Compressors and Multi-Stage Screw Compressors), End-User Industry (Manufacturing Industry, Oil and Gas Industry, Mining Industry, Construction Industry and Other End-User Industries), By Region, Competition 2019-2029 has evaluated the future growth potential of Global Screw Compressors Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Screw Compressors Market.

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