Screw Compressor Rental Market Scope
Compressors are the most prominent devices used in industries to increase the pressure of gases. The screw compressor is a type of positive displacement compressor which achieves this with a pair of rotors. The gases are taken inside the compressor using suction valves. It is made to flow through the rotor and finally discharged through the exit valve with increased pressure. Screw compressors are increasingly used in refrigeration and natural gas industries due to their high efficiency and profound reliability compared to the other types of compressors. Increasing demand for rental compressor services drives the market to grow at significant pace.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Aggreko (United Kingdom), Atlas Copco( Sweden), Caterpillar (United States), Hertz Equipment (United States), Ingersoll Rand (United States), Sunbelt Rentals (United States), United Rentals (United States), Bauer compression (India), GE Oil & Gas (United Kingdom) and Hitachi Ltd. (Japan) |
CAGR | % |
The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain a high market share and establish their position in the market. Further, companies focus on developing innovative products and solutions to improve quality and enhance performance. The companies are developing partnerships or agreements and planning strategic activities such as partnerships, product launches, mergers, and acquisitions, which will help them sustain themselves in the market and maintain their competitive edge.
Aggreko (United Kingdom), Atlas Copco( Sweden), Caterpillar (United States), Hertz Equipment (United States), Ingersoll Rand (United States), Sunbelt Rentals (United States), United Rentals (United States), Bauer compression (India), GE Oil & Gas (United Kingdom) and Hitachi Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Siemens AG (Germany) and Man SE (Germany).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Screw Compressor Rental market by Type , by Application (Textile and clothing industry, Metallurgy and Mining field, Fuel gas compression and Vapour recovery compression systems) and Region with country level break-up.
On the basis of geography, the market of Screw Compressor Rental has been segmented into
. region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In January 2021, HOLT CAT the Caterpillar Equipment and Engine dealer for South, Central, North and Northeast Texas, acquired Sullair of Houston, a fixed and portable compressed air dealer with operations in Houston, Odessa and San Antonio.
In July 2019,Atlas coco recently launched a series of five new advanced compressor for the Indian market .the series is include a piston air compressor ,screw compressor ,and site nitro generator to meet the changing industrial demand across .
Influencing Trend:
Increasing demand for natural gas in emerging economies and the subsequent demand for energy-efficient technology.
Market Growth Drivers:
Increasing demand for rental compressor services and Increasing development in mining industry.
Challenges:
The initial cost of construction and installation of this device can be high and Maintenance is a critical factor in the case of screw compressors.
Restraints:
Major faults of Motor overload, high temperature, gas-guzzling
Opportunities:
Technical advancement in element which improve screw compression and related procedure
Key Target Audience
Buyers, Education & Research Institutes, Research Professionals, Construction Companies, Manufacturing Companies, Emerging Companies, Market research and consulting service providers, Government Agencies, End User Industry and Others