Global Screw Compressor Market Overview:
Screw compressors are used for air and other refrigeration & process applications. Key players in the compressors market are transitioning their portfolio to include piston and screw air compressors which is acting as a major growth factor of the screw compressors market. For instance, Atlas Copco launched five new air compressors range across the industry including piston and screw air compressors for the Indian market. These compressors are specially designed for reducing energy consumption. Moreover, growing industrialization in the emerging economies and increasing application in industries such as oil & gas, chemicals & petrochemicals, food & beverage, mining & metal, power plants, and others expected to drive the demand for screw compressors during the forecasted period. Some of the key players profiled in the study are Atlas Copco AB (Sweden), Gardner Denver, Inc. (United States), GE Oil & Gas (United Kingdom), Ingersoll Rand PLC (Ireland), Siemens AG (Germany), Hitachi Ltd. (Japan), Kobe Steel Ltd. (Japan), Howden Group Ltd. (United Kingdom), MAN Energy Solutions (Germany), Bauer Kompressoren (United States), Boge Kompressoren (Germany), Kaeser Kompressoren SE (Germany) and Sullair LLC (United States).
On the basis of geography, the market of Screw Compressor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Stationary Screw Compressors will boost the Screw Compressor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Oil & Gas will boost the Screw Compressor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Stage, the sub-segment i.e. Single-Stage will boost the Screw Compressor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Demand for Energy Efficient Compressors
- Low Maintenance & Operation Costs of Screw Compressors
Market Trend
- Emphasizing On Development of Environment–Friendly Screw Compressors
Restraints
- Stringent Government Regulations by the Department of Energy (DOE)
Opportunities
- Increasing Demand from the Large-Scale Industries Such As Petrochemical, Oil & Gas, and Refining
- Growing Industrialization in the Developing Economies
Challenges
- Less Spending On R&D by the Existing Market Players
Major Market Developments:
17th June 2019, Atlas Copco acquired the operating assets of Taylor Air Center, distributor of compressors in the United States with an aim to expand their distribution channel.
November 2018, ELGi Equipments, the air-compressor manufacturer in India launched its new range of oil-free air-compressors at the “Compressed Air Best Practices Conference” in Chicago.
“On January 4, 2017, the DOE published a final rule establishing new test procedures for certain varieties of compressors under the Energy Policy and Conservation Act. EPCA states that “no manufacturer, distributor, retailer, or private labeler may make any representation respecting the energy consumption [of covered equipment] unless such equipment has been tested in accordance with [the DOE test procedure] and such representation fairly discloses the results of such testing.”
The screw compressor market is fragmented owing to the presence of several small and large dealers who compete in terms of price, quality, reputation, innovation, and distribution. To sustain themselves in such a competitive market environment, it is important for the market players to discriminate their product offerings through a unique and clear value proposition. Also, vendors need to focus on the expansion of their distribution channels to increase their product availability and market penetration.
Target Audience:
Screw Compressor Manufacturers, Screw Compressor Distributors, Electronic Component Providers, Technology Providers, Potential Investors, Government and Research Organizations, Trade Associations and Industry Bodies and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Screw Compressor market on the basis of product [Oil-Free Screw Compressor and Oil-Injected Screw Compressor] , application [
], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Screw Compressor market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Screw Compressor industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Screw Compressor market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.