The global screw compressor market is projected to grow year-on-year by 3.0% in 2022, reaching a value of about US$ 14.8 Bn. With the increasing popularity of automation trends, the high adoption of oil-free screw air compressors is expected to drive the market. Between 2022 and 2032, sales of screw compressors will increase at a 3.5% CAGR.
As technology advances, the industrial equipment portfolio is being revised. However, the most recent Industries 4.0, also known as the fourth industrial revolution, has transformed industrial equipment. Screw compressors, also known as screw air compressors, are widely used in the refrigeration and natural gas industries due to their superior efficiency and dependability when compared to other types of compressors.
As the FMCG and pharmaceutical industries grow in the market, companies have begun to use screw compressors for better performance and less damage. The screw compressor market has grown as a result of new exciting price ranges and technological advancements.
Screw compressor sales are expected to grow at a 3.5% CAGR during the forecast period, compared to a 1.7% CAGR from 2017 to 2021.
Product innovation is being fueled by the growing demand for better and more advanced industrial equipment. the market for screw compressors In developing countries, industrialization has increased sales of rotary and reciprocating air compressors. Advanced screw compressors are being introduced in cities across Asia, Africa, and South America by manufacturers. China, India, and South Africa are currently among the most active screw compressor markets.
Japan is predicted to be the leading market for screw compressors in East Asia by the end of 2032, with demand growing at a 4.8% CAGR. By the end of 2032, total sales in the Japanese market will surpass US$ 1.3 Bn.
Sales of screw compressors in the U.S. are slated to surge at a 2.9% CAGR over the assessment period. Growing demand for rotary screw compressors across various industries and the presence of leading market players in the country will propel the growth in the market over the forecast period. According to the study, the U.S. market valuation will reach US$ 2.1 Bn by the end of 2032.
Oil-free systems with improved precision, efficiency, and capacity are highly sought after. Furthermore, reducing auxiliary equipment costs would drive industrial air compressor sales. Consumers are expected to shift away from traditional equipment and toward current technology, as next-generation screw compressors are more environmentally friendly, easier to install, and require less maintenance. Furthermore, the increasing use of remote sensing technology, which can remotely monitor and adjust the operation of an air compressor, is driving the market growth.
Screw compressors are increasingly being used in the automotive, pharmaceutical, food and beverage, and oil and gas industries. Manufacturers can now mass-produce complicated items and equipment in less time due to the high demand for screw compressors. They provide safe, low-cost, energy-efficient screw compressors to increase sales.
Global Screw Compressor Market by Category
- Up to 5HP
- 5 to 50HP
- 50 to 250HP
- Above 250HP
- Oil Lubricated
- Oil Lubricated
- Single Stage
By Driver Type:
- Liquid Driven
- Gas Driven
- Belt Drive
- Gear Drive
- Oil and Gas Industry
- Chemical Industry
- Energy and Transmission
- Automotive and Aerospace
- Mining and Minerals
- Other Manufacturing Industries
- North America
- Latin America
- East Asia
- South Asia Pacific
- The Middle East and Africa