The Screw Compressor Market is expected to be valued at USD 15.82 billion in 2024. Oil-free screw air compressor usage is anticipated to boost the market due to the growing popularity of automation trends. Screw compressor sales are expected to grow at a 3.4% CAGR from 2024 and 2034. The market is expected to reach a valuation of USD 22.10 billion by 2034.
Screw compressors provide dry, clean, and compressed air employing internal compression and a positive displacement mechanism. They work mostly in high-volume, low-pressure applications with twin-shaft rotating lobe machinery. To fulfil continuous air demand and guarantee consistent performance, these compressors maintain a constant air supply.
| Attributes | Details |
|---|---|
| Screw Compressor Market Value, 2024 | USD 15.82 billion |
| Screw Compressor Market Value, 2034 | USD 22.10 billion |
| CAGR (2024 to 2034) | 3.4% |
This part offers a thorough examination of the industry during the previous five years, with an emphasis on anticipated changes in the screw compressor sector. The market grew at a 1.9% CAGR during the historical period. The industry is expected to grow consistently at a 3.4% CAGR through 2034.
| Historical CAGR | 1.9% |
|---|---|
| Forecasted CAGR | 3.4% |
Improvements in energy-efficient technology, including variable frequency, drive the sale of constant-speed compressors. This is possibly the reason for the potential decline in the market for screw compressors.
Furthermore, the market is likely to be impacted by the shift toward large-scale industrial compressors and localized and renewable energy sources.
Crucial factors that are anticipated to influence the demand for screw compressors through 2034.
Industry participants are going to desire to be wise and flexible over the anticipated period since these difficult attributes position the industry for success in subsequent decades.
Rapid Industrialization Skyrockets Global Screw Compressor Demand
The surge in global industrialization has been a significant factor propelling the growth of the screw compressor market. These compressors find wide application in various sectors such as chemical, petrochemical, metal, mining, automotive, and oil and gas industries, offering superior compressed air quality and higher efficiency.
The market expansion is further buoyed by the increasing demand for natural gas, which employs screw compressors for gas transfer, vapor recovery, and flare elimination, among other functions.
These compressors are known for their ability to operate under extreme weather conditions, requiring minimal maintenance and resulting in reduced operational costs.
The screw compressor market is also evolving with the advent of energy-efficient and environment-friendly screw compressor variants driven by technological advancements.
In addition, the food and beverage packaging sector's growing adoption of these compressors and extensive research and development activities are also expected to contribute to the market's growth in the upcoming decade.
Advancements in Automation and Digitalization Drives Demand for Smart Screw Compressors
The latest developments in automation and digitalization have revolutionized the manufacturing industry, particularly in compressors. Smart screw compressors are now being designed with advanced features such as remote monitoring and predictive maintenance capabilities, allowing for greater efficiency and reduced downtime.
The smart screw compressors are equipped with sensors that collect real-time data on various performance metrics, including temperature, pressure, and power consumption. After that, the data is examined by highly developed algorithms that forecast any problems and notify operators to take corrective action before a malfunction arises.
Consequently, scheduling maintenance chores in advance is possible, reducing the possibility of unanticipated maintenance needs and the necessity for costly, unscheduled downtime. Smart screw compressors are transforming the industry by enabling higher productivity, greater dependability, and lower producer costs.
Emphasis on Energy Efficiency Drives the Demand for Screw Compressors
To save lifetime expenses and guarantee reliable operation, take into account a compressor's energy consumption and compression efficiency while selecting equipment. An efficient compressor is anticipated to run longer, produce less heat, and consume less energy, lowering energy expenses and carbon dioxide emissions. To determine energy loss and compressor efficiency, entropy is essential.
A screw compressor needs to be more operable to produce the same outlet pressure as a theoretical compressor, which has an impact on the compressor's efficiency. Furthermore, the efficiency of a compressor's parts might affect the compressor's overall energy usage.
To choose the most economical and energy-efficient compressor, it is essential to consider its design, compression efficiency, and overall energy usage.
| Attributes | Details |
|---|---|
| Top Capacity | Above 250 HP |
| Market Share in 2024 | 67% |
Despite being inconsequential, the above 250 HP category is projected to have a 67% market share in the global screw compressor market in 2024. The following drivers can explain the growth of the screw compressors with a capacity of above 250 HP:
| Attributes | Details |
|---|---|
| Top Type | Gear Drive |
| Market Share in 2024 | 59.9% |
Even though it is an insignificant market, the gear drive screw compressors market is expected to reach a 59.9% share in 2024. It is anticipated that the belt drive screw compressor is expected to come next. Several circumstances led to the development of gear-drive screw compressors:
The United States, China, Germany, India, and Australia are some of the most predominant nations on the global stage, and this section is anticipated to gaze at their screw compressor sectors. Examine the several aspects influencing these nations' need for, acceptance of, and interactions with screw compressors via a thorough investigation.
| Countries | CAGR (2024 to 2034) |
|---|---|
| United States | 2.7% |
| Germany | 4.4% |
| China | 4.0% |
| India | 3.7% |
| Australia | 2.7% |
Screw compressors are expected to grow substantially in several industries in the United States. This is because there is a growing need for effective, environmentally friendly alternatives to improve machinery processes. Between 2024 and 2034, the United States screw compressor market is projected to grow at a CAGR of 2.7%. These factors are propelling the industry's expansion:
Germany is anticipated to record a decent CAGR of 4.4% from 2024 to 2034 in the screw compressor market. The country is slated to develop a significant demand for screw air compressors for automation manufacturing. The following are some of the main trends:
During the forecast period, the Chinese market for screw compressors is expected to grow at a CAGR of 4.0%. The following are some of the main trends:
The demand for screw compressors in different industries is expected to rise significantly in India. Throughout the projection period, the nation is anticipated to see a CAGR of 3.7%. Among the primary drivers are:
By 2034, Australia is anticipated to need screw air compressors steadily. Over the assessment period, a CAGR of 2.7% is expected. Some of the primary trends are:
The screw compressor industry has witnessed a surge in acquisition and growth operations aimed at fortifying the supply chain. Manufacturers strategically acquire complementary industries or expand their operations to enhance production capacity and streamline distribution channels.
This consolidation trend is driven by the desire to gain a competitive edge, improve market presence, and meet the growing demand for screw compressors across various sectors.
Furthermore, screw compressor manufacturers are actively engaged in research and development efforts to advance technological capabilities and address emerging challenges. One area of focus is the enhancement of oil-lubricated compressors to withstand oil obstruction, a common issue that can affect performance and reliability.
Through innovative design and engineering solutions, manufacturers aim to optimize oil circulation, mitigate obstructions, and prolong the lifespan of oil-lubricated screw compressors.
There is a notable shift towards developing electric compressors to align with environmental safety standards and sustainability goals. By transitioning from traditional oil-lubricated compressors to electric models, manufacturers can reduce dependency on fossil fuels, minimize carbon emissions, and enhance overall environmental performance.
Electric screw compressors offer advantages such as improved energy efficiency, reduced maintenance requirements, and lower environmental impact, making them increasingly attractive to environmentally-conscious industries and consumers.
The surge in acquisition and growth operations, coupled with advancements in technology, reflects the dynamic evolution of the screw compressor industry.
As manufacturers continue to innovate and adapt to changing market demands, the future of screw compressors appears poised for continued expansion and advancement in the forthcoming decade.
Recent Developments in the Screw Compressor Industry
| Report Attributes | Details |
|---|---|
| Current Total Market Size (2024) | USD 15.82 billion |
| Projected Market Size (2034) | USD 22.10 billion |
| CAGR (2024 to 2034) | 3.4% |
| Base Year for Estimation | 2023 |
| Historical Period | 2019 to 2023 |
| Projections Period | 2024 to 2034 |
| Quantitative Units | USD billion for value and thousand units for volume |
| Capacities Analyzed (Segment 1) | Up to 5 HP, 5 to 50 HP, 50 to 250 HP, Above 250 HP |
| Technologies Analyzed (Segment 2) | Stationary (Oil Lubricated, Oil-Free), Portable (Oil Lubricated, Oil-Free) |
| Stages Analyzed (Segment 3) | Single Stage, Two-Stage, Multi-Stage |
| Driver Types Analyzed (Segment 4) | Liquid Driven, Gas Driven, Electric |
| Types Analyzed (Segment 5) | Belt Drive, Gear Drive |
| End Uses Analyzed (Segment 6) | Oil and Gas, Chemical, Energy and Transmission, Automotive and Aerospace, Mining and Minerals, Other Manufacturing Industries |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Countries Covered | United States, Canada, Brazil, Germany, France, United Kingdom, Italy, China, Japan, India, South Korea, Australia, UAE, South Africa |
| Key Players influencing the Screw Compressor Market | Atlas Copco, Hitachi, Ingersoll Rand, Emerson Electric Co., Daikin Industries Ltd, Siemens, KOBELCO, IHI Rotating Machinery, KAESER, Boge Kompressoren, Quincy, ELGi, Anest IWATA, Fusheng, Sullair, Howden, BAC Compressor, Alup Kompressoren, Indo-Air Compressors, Eaton Compressor, Comp Air UK, GESO, ADEKOM |
| Additional Attributes | Dollar sales growth supported by automation and sustainability goals, above 250 HP segment dominating for heavy-duty applications, gear drive units preferred for high precision, oil-free technology gaining traction in food, pharma, and electronics, Asia Pacific leading adoption through infrastructure and industrial investment. |
| Customization and Pricing | Customization and Pricing Available on Request |
The screw compressor market is expected to be valued at USD 15.82 billion in 2024.
The gear-driven screw compressor type leads the screw compressor market.
The global screw compressor market is controlled by the United States, China, Germany, India, and Australia.
The global screw compressor market is anticipated to surpass USD 22.10 billion by 2034.
The screw compressor industry is anticipated to grow at a CAGR of 3.4% from 2024 to 2034.
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Screw Compressor Market
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