Report Code: CMI57421

Published Date: October 2024

Pages: 320+

Category: Industrial Automation And Equipment

Reports Description

Global Screw Compressor Market was valued at USD 12.95 Billion in 2024 and is expected to reach USD 21.34 Billion by 2033, at a CAGR of 5.7% during the forecast period 2024 – 2033.

Screw compressors are used to trap air between two meshed roots. The screw compressors are known for their reliability, efficiency and ability to provide a continuous and constant supply of compressed air. Screw compressors are used in various industrial applications such as manufacturing, automotive, food and beverage processing, pharmaceuticals, and oil and gas. There are different types of screw compressors available in the market, such as oil-injected and oil-free variants.

Screw Compressor Market: Growth Factors

Rising Demand for Energy-Efficient Equipments

The demand for energy-efficient equipment is increasing globally due to the growing cost of energy and rising inclination towards energy-efficient equipment. Various factors such as the increasing cost of electricity, growing demand for sustainable and energy efficient equipment, growing adaption of environmentally friendly equipment, and stringent environmental regulations are mainly boosting the adaption of energy efficient equipment, thereby driving the market growth of the screw compressor market. Screw compressors are well suited for continuous and large scale operations due to their high efficiency and reliability.

End user industries such as manufacturing, automotive, and oil & gas are adapting screw compressors due to their energy-efficient properties because they generate less heat compared to standard air compressors. Various energy-efficient properties such as screw compressors reduce the unloaded running hours, eliminate air leaks, reduce the pressure band, and it also converts compression heat into use energy heat solutions.

Supportive regulatory frameworks, such as the European Union’s regulations regarding energy efficiency, are expected to create lucrative opportunities for the market during the forecast period. For instance, the European Union’s energy policy directive, such as the EU Energy Efficiency Directive (EU) 2023/1791, is expected to create lucrative opportunities for the market during the forecast period.

Expansion of Industrial Automation

The rapidly expanding manufacturing industries, coupled with growing supportive policies, propelled the demand for screw compressors during the forecast period. The growing industrial automation coupled with supportive government policies for manufacturing industries is expected to drive the demand for screw compressors during the forecast period.

Various manufacturing facilities such as electronics, chemicals, consumer goods, food & beverages are becoming more automated due to the growing need for production capacities. For instance, annual installations of industrial robots are tripled from 2019 to 2023, with more than 380,000 robots now in factories worldwide. The adaption of screw compressors is mainly increasing in this segment due to their excellent properties and flexibility, reliability, and ability to provide a continuous flow of compressed air.

Various factors, such as the growing adaption of IoT and AI across manufacturing bases, growing integration of intelligent technologies, government initiatives to promote smart manufacturing, and growing emphasis on enhancing production capacities, are expected to create lucrative opportunities for Screw compressors during the forecast period.

Screw Compressor Market: Restraints

High Initial Investment Costs and Fluctuations Raw Material Prices

The initial investment required to establish the screw compressor manufacturing facility is very high as it involves land purchase, manufacturing facility establishment etc. The high upfront cost remains a significant restrain in the adaption and expansion of the screw compressors industry.

Various raw materials such as aluminum, iron, cast iron, forged steel, bearings, crankshafts, switches, gauges, rotors, and housings are mainly used in the manufacturing of screw compressors. The prices of this raw material fluctuate periodically due to uncertainty in the global market. Thus, such fluctuations in the raw material prices of the screw compressors are expected to enhance the overall production cost of screw compressors, thereby reducing the profit margin in the market.

Many SMEs and start-ups are not adapting Screw compressors due to budget constraints and high upfront cost. Screw compressors, which are energy-efficient and oil-free models, require a heavy initial investment compared to traditional compressors.

The lack of universal directives about the manufacturing and usage of screw compressors is expected to restrain its adaption across the globe. Every country has their own set of regulations and directives about usage, key players operating in the market are finds it very difficult to cope with such country wide regulations, thereby reducing the market growth.

Screw Compressor Market: Opportunities

Product Innovations and Shift Toward Oil-Free Screw Compressors

Key players operating in the market are innovating and launching new products to enhance their market share and business operations. One of the major innovations in the screw compressor technology is the development and innovations in the oil- injected screw compressors. These screw compressors possess outstanding performance, high productivity, more energy efficiency, less cost and excellent wear and tear properties.

These screw compressors encompass various features, such as optional energy recovery and enhanced cooling techniques. For instance, Ceccato Aria Compressa recently launched advanced VSD iPM models with an IE4 super premium efficiency motor, high-efficiency element, and ES4000T controller. These screw compressors use lubricant and coolant to enhance their efficiency and prolong their lifespan.

Oil-free screw compressors are mainly used in pharmaceuticals, food & beverages, electronics, and oil and gas end-use applications, as these screw compressors comply with stringent quality and safety standards, effectively eliminating the risks associated with oil contamination.

Many North American and European end-user companies are adapting oil-free screw compressors to meet rigorous food safety regulations, ensuring that the compressed air does not introduce any impurities into food products. This shift is expected to create lucrative opportunities for the market during the forecast period.

Integration of IoT and Smart Technologies in Screw Compressor

The key players operating in the market are integrating various emerging technologies, such as the Internet of Things (IoT) and innovative technologies, into screw compressors to foster operational efficiency and reliability. Furthermore, Industry 4.0 enhances a paradigm shift in manufacturing. Key players are integrating cutting-edge technologies, such as big data, predictive analytics, Artificial intelligence, cloud computing, etc., into manufacturing facilities to foster production capacities.

Innovative Screw compressors are equipped with more advanced sensors, monitoring systems and analytical tools. These advanced equipment offer real-time data insights on performance metrics such as energy consumption, operational efficiency, and maintenance needs. Such advanced screw compressors enable key manufacturers to optimize their compressor operations and significantly reduce downtime and operational costs.

Various end-use industries such as electronics, manufacturing, chemicals, oil and gas, and construction are adapting IoT-enabled screw compressors to enhance predictive maintenance strategies. The automotive industry across emerging economies is experiencing growing adaption of screw compressors as manufacturers seek to optimize energy consumption during production processes.  Thus, the abovementioned factors are expected to create lucrative opportunities for the market during the forecast period.

Screw Compressor Market: Segmentation Analysis

There are segments for the global screw compressor market according to stage, technology, end user, and region. By Stage, single stage screw compressors segment dominated the global screw compressors market and is expected to keep its dominance during the forecast period. The single-stage air compressors work by using the force of a piston and pressure-sensitive valve.

The single screw compressors are used in wood crafting, metalworking, automobile repairing, aerospace engineering, and food and beverage applications. Single-stage air compressors provide power and energy to various tools such as spray guns, ratchet wrenches, and air nailers. Single Screw compressors are used in the gas stations and manufacturing plants.

The multi-stage screw compressors segment is expected to grow at the fastest CAGR during the forecast period owing to as they are mainly used to control the air temperature. Multi-stage screw compressors are used in various end-use applications such as chemical, process engineering, electronics and semiconductors manufacturing, and the food and beverages industry. Multi-stage screw compressors are mainly used in high-temperature applications.

By technology, oil injected segment dominated the global screw compressors market and is expected to keep its dominance during the forecast period. Various factors, less the cost of oil-injected screw compressors, excellent versatility, excellent wear and tear properties, and growing usage of screw compressors in construction and mining applications are mainly propelling the market growth of this segment during the forecast period. Oil-injected screw compressors are primarily used in various end-use industries such as manufacturing, automotive, and construction, where the operational demands do not necessitate completely contaminant-free air.

Oil Free segment is expected to grow at the fastest CAGR during the forecast period owing to its growing adaption in pharmaceuticals, food and beverage processing, and electronics end-use industries. The increasingly stringent regulations coupled with growing demand for eliminating any risk of oil contamination. Furthermore, the growing adaption of automated and IoT-integrated screw compressors is expected to create lucrative opportunities for the market during the forecast period.

By end-use industries, the manufacturing segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period. The rapidly expanding manufacturing sector globally, coupled with supportive government policies, is expected to propel the market growth of this segment during the forecast period. Furthermore, the growing usage screw compressors in various manufacturing sub-sectors like steel, chemicals, and other manufacturing industries are expected to drive the market growth of this segment during the forecast period.

The oil & gas segment is expected to grow at the fastest CAGR during the forecast period owing to the growing utilization of screw compressors for applications such as gas transfer, vapor recovery, and flare gas management. As the demand for natural gas increases, the need for screw compressors in upstream and downstream oil & gas operations is rising. The mining industry also relies on screw compressors for various applications, while the construction sector uses them for powering tools and equipment. The growing industrialization and emphasis on energy efficiency across these end-user industries are driving the demand for screw compressors.

Report Scope

Feature of the Report Details
Market Size in 2024 USD 12.95 Billion
Projected Market Size in 2033 USD 21.34 Billion
Market Size in 2023 USD 12.26 Billion
CAGR Growth Rate 5.7% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Stage, End User, Technology and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your research requirements.

Screw Compressor Market: Regional Analysis

By region, the Asia-Pacific region holds the largest share of the global screw compressor market, primarily due to rapid industrialization and significant growth in key sectors such as manufacturing, oil and gas, and automotive. Countries like China and India are driving this demand with their expanding industrial bases and increasing energy consumption.

Manufacturing facilities and oil exploration activities further contribute to the region’s dominance. Additionally, the growing emphasis on energy efficiency and advanced technologies, such as IoT integration in compressors, enhances operational performance, making Asia-Pacific a pivotal market for screw compressors.

Screw Compressor Market: Recent Developments

  • In March 2023, Elgi North America introduced the GP35FP portable air compressor at the Las Vegas CONEXPO-CON/AGG 2023 event. This new model features advanced IoT connectivity, allowing real-time compressor performance monitoring through IoT sensors and data analytics, enhancing operational efficiency and maintenance capabilities.
  • April 2023, The screw compressor industry has seen a surge in acquisition activities aimed at strengthening supply chains and enhancing production capacity. Manufacturers are strategically acquiring complementary businesses to improve market presence and meet the growing demand for screw compressors, reflecting a trend towards consolidation in the industry.

List of the prominent players in the Screw Compressor Market:

  • Atlas Copco AB
  • Ingersoll Rand Inc.
  • Gardner Denver Holdings Inc.
  • Siemens AG
  • Kobe Steel Ltd.
  • GEA Group AG
  • Kaeser Kompressoren SE
  • BOGE Compressors
  • Hitachi Ltd.
  • Howden Group Ltd.
  • MAN SE
  • ELGi Equipments Limited
  • Quincy Compressor
  • Sullair LLC
  • Bauer Compressors
  • Aerzen USA Corporation
  • FS-Curtis
  • VMAC Global Technology Inc.
  • Fusheng Co. Ltd.
  • Shanghai Screw Compressor Co. Ltd.
  • Others

The Screw Compressor Market is segmented as follows:

By Stage

  • Single-Stage
  • Multi-Stage

By End User

  • Manufacturing
  • Oil and Gas
  • Mining
  • Construction

By Technology

  • Oil-injected
  • Oil-free

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Screw Compressor Market (2024 – 2033) (USD Billion)
    • 2.2 Global Screw Compressor Market: snapshot
  • Chapter 3. Global Screw Compressor Market – Industry Analysis
    • 3.1 Screw Compressor Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Rising Demand for Energy-Efficient Equipment
      • 3.2.2 Expansion of Industrial Automation
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Stage
      • 3.7.2 Market Attractiveness Analysis By End User
      • 3.7.3 Market Attractiveness Analysis By Technology
  • Chapter 4. Global Screw Compressor Market: Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Screw Compressor Market: company market share, 2023
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Screw Compressor Market: Stage Analysis
    • 5.1 Global Screw Compressor Market Overview: By Stage
      • 5.1.1 Global Screw Compressor Market Share, By Stage, 2023 and 2033
    • 5.2 Single-Stage
      • 5.2.1 Global Screw Compressor Market by Single-Stage, 2024 – 2033 (USD Billion)
    • 5.3 Multi-Stage
      • 5.3.1 Global Screw Compressor Market by Multi-Stage, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Screw Compressor Market: End User Analysis
    • 6.1 Global Screw Compressor Market Overview: By End User
      • 6.1.1 Global Screw Compressor Market Share, By End User, 2023 and 2033
    • 6.2 Manufacturing
      • 6.2.1 Global Screw Compressor Market by Manufacturing, 2024 – 2033 (USD Billion)
    • 6.3 Oil and Gas
      • 6.3.1 Global Screw Compressor Market by Oil and Gas, 2024 – 2033 (USD Billion)
    • 6.4 Mining
      • 6.4.1 Global Screw Compressor Market by Mining, 2024 – 2033 (USD Billion)
    • 6.5 Construction
      • 6.5.1 Global Screw Compressor Market by Construction, 2024 – 2033 (USD Billion)
  • Chapter 7. Global Screw Compressor Market: Technology Analysis
    • 7.1 Global Screw Compressor Market Overview: By Technology
      • 7.1.1 Global Screw Compressor Market Share, By Technology, 2023 and 2033
    • 7.2 Oil-injected
      • 7.2.1 Global Screw Compressor Market by Oil-injected, 2024 – 2033 (USD Billion)
    • 7.3 Oil-free
      • 7.3.1 Global Screw Compressor Market by Oil-free, 2024 – 2033 (USD Billion)
  • Chapter 8. Screw Compressor Market – Regional Analysis
    • 8.1 Global Screw Compressor Market Regional Overview
    • 8.2 Global Screw Compressor Market Share, by Region, 2023 & 2033 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Screw Compressor Market, 2024 – 2033 (USD Billion)
        • 8.3.1.1 North America Screw Compressor Market, by Country, 2024 – 2033 (USD Billion)
    • 8.4 North America Screw Compressor Market, by Stage, 2024 – 2033
      • 8.4.1 North America Screw Compressor Market, by Stage, 2024 – 2033 (USD Billion)
    • 8.5 North America Screw Compressor Market, by End User, 2024 – 2033
      • 8.5.1 North America Screw Compressor Market, by End User, 2024 – 2033 (USD Billion)
    • 8.6 North America Screw Compressor Market, by Technology, 2024 – 2033
      • 8.6.1 North America Screw Compressor Market, by Technology, 2024 – 2033 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Screw Compressor Market, 2024 – 2033 (USD Billion)
        • 8.7.1.1 Europe Screw Compressor Market, by Country, 2024 – 2033 (USD Billion)
    • 8.8 Europe Screw Compressor Market, by Stage, 2024 – 2033
      • 8.8.1 Europe Screw Compressor Market, by Stage, 2024 – 2033 (USD Billion)
    • 8.9 Europe Screw Compressor Market, by End User, 2024 – 2033
      • 8.9.1 Europe Screw Compressor Market, by End User, 2024 – 2033 (USD Billion)
    • 8.10 Europe Screw Compressor Market, by Technology, 2024 – 2033
      • 8.10.1 Europe Screw Compressor Market, by Technology, 2024 – 2033 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Screw Compressor Market, 2024 – 2033 (USD Billion)
        • 8.11.1.1 Asia Pacific Screw Compressor Market, by Country, 2024 – 2033 (USD Billion)
    • 8.12 Asia Pacific Screw Compressor Market, by Stage, 2024 – 2033
      • 8.12.1 Asia Pacific Screw Compressor Market, by Stage, 2024 – 2033 (USD Billion)
    • 8.13 Asia Pacific Screw Compressor Market, by End User, 2024 – 2033
      • 8.13.1 Asia Pacific Screw Compressor Market, by End User, 2024 – 2033 (USD Billion)
    • 8.14 Asia Pacific Screw Compressor Market, by Technology, 2024 – 2033
      • 8.14.1 Asia Pacific Screw Compressor Market, by Technology, 2024 – 2033 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Screw Compressor Market, 2024 – 2033 (USD Billion)
        • 8.15.1.1 Latin America Screw Compressor Market, by Country, 2024 – 2033 (USD Billion)
    • 8.16 Latin America Screw Compressor Market, by Stage, 2024 – 2033
      • 8.16.1 Latin America Screw Compressor Market, by Stage, 2024 – 2033 (USD Billion)
    • 8.17 Latin America Screw Compressor Market, by End User, 2024 – 2033
      • 8.17.1 Latin America Screw Compressor Market, by End User, 2024 – 2033 (USD Billion)
    • 8.18 Latin America Screw Compressor Market, by Technology, 2024 – 2033
      • 8.18.1 Latin America Screw Compressor Market, by Technology, 2024 – 2033 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Screw Compressor Market, 2024 – 2033 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Screw Compressor Market, by Country, 2024 – 2033 (USD Billion)
    • 8.20 The Middle-East and Africa Screw Compressor Market, by Stage, 2024 – 2033
      • 8.20.1 The Middle-East and Africa Screw Compressor Market, by Stage, 2024 – 2033 (USD Billion)
    • 8.21 The Middle-East and Africa Screw Compressor Market, by End User, 2024 – 2033
      • 8.21.1 The Middle-East and Africa Screw Compressor Market, by End User, 2024 – 2033 (USD Billion)
    • 8.22 The Middle-East and Africa Screw Compressor Market, by Technology, 2024 – 2033
      • 8.22.1 The Middle-East and Africa Screw Compressor Market, by Technology, 2024 – 2033 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Atlas Copco AB
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Ingersoll Rand Inc.
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Gardner Denver Holdings Inc.
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Siemens AG
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Kobe Steel Ltd.
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 GEA Group AG
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Kaeser Kompressoren SE
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 BOGE Compressors
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Hitachi Ltd.
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Howden Group Ltd.
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 MAN SE
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 ELGi Equipments Limited
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Quincy Compressor
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Sullair LLC
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Bauer Compressors
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Aerzen USA Corporation
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
    • 9.17 FS-Curtis
      • 9.17.1 Overview
      • 9.17.2 Financials
      • 9.17.3 Product Portfolio
      • 9.17.4 Business Strategy
      • 9.17.5 Recent Developments
    • 9.18 VMAC Global Technology Inc.
      • 9.18.1 Overview
      • 9.18.2 Financials
      • 9.18.3 Product Portfolio
      • 9.18.4 Business Strategy
      • 9.18.5 Recent Developments
    • 9.19 Fusheng Co. Ltd.
      • 9.19.1 Overview
      • 9.19.2 Financials
      • 9.19.3 Product Portfolio
      • 9.19.4 Business Strategy
      • 9.19.5 Recent Developments
    • 9.20 Shanghai Screw Compressor Co. Ltd.
      • 9.20.1 Overview
      • 9.20.2 Financials
      • 9.20.3 Product Portfolio
      • 9.20.4 Business Strategy
      • 9.20.5 Recent Developments
    • 9.21 Others.
      • 9.21.1 Overview
      • 9.21.2 Financials
      • 9.21.3 Product Portfolio
      • 9.21.4 Business Strategy
      • 9.21.5 Recent Developments
List Of Figures

Figures No 1 to 24

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2033

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2033
  • Market revenue estimates and forecasts up to 2033, by technology
  • Market revenue estimates and forecasts up to 2033, by application
  • Market revenue estimates and forecasts up to 2033, by type
  • Market revenue estimates and forecasts up to 2033, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Atlas Copco AB
  • Ingersoll Rand Inc.
  • Gardner Denver Holdings Inc.
  • Siemens AG
  • Kobe Steel Ltd.
  • GEA Group AG
  • Kaeser Kompressoren SE
  • BOGE Compressors
  • Hitachi Ltd.
  • Howden Group Ltd.
  • MAN SE
  • ELGi Equipments Limited
  • Quincy Compressor
  • Sullair LLC
  • Bauer Compressors
  • Aerzen USA Corporation
  • FS-Curtis
  • VMAC Global Technology Inc.
  • Fusheng Co. Ltd.
  • Shanghai Screw Compressor Co. Ltd.
  • Others

FAQs

A major driver for the Global Screw Compressor Market is the increasing demand for energy-efficient compressors across various industries.

The “Single-Stage” category dominated the market in 2023.

The key players in the market are Atlas Copco AB, Ingersoll Rand Inc., Gardner Denver Holdings Inc., Siemens AG, Kobe Steel Ltd., GEA Group AG, Kaeser Kompressoren SE, BOGE Compressors, Hitachi Ltd., Howden Group Ltd., MAN SE, ELGi Equipments Limited, Quincy Compressor, Sullair LLC, Bauer Compressors, Aerzen USA Corporation, FS-Curtis, VMAC Global Technology Inc., Fusheng Co. Ltd., Shanghai Screw Compressor Co. Ltd., Others.

“Asia-Pacific” had the largest share in the Screw Compressor Market.

The global market is projected to grow at a CAGR of 5.7% during the forecast period, 2024-2033.

The Screw Compressor Market size was valued at USD 12.95 Billion in 2024.

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