The Global Screw Compressor Market is segmented on the basis of type, stage, technology, end user, and region. On the basis of type, the global market is classified into oil-injected, and oil-free. The oil-injected compressors segment accounts for the largest market size of the global market, and will remain dominant over the forecast period from 2014 to 2025. This is due to its developing applications across various industries, where the need for compressed air is high.
A screw compressor is a type of rotary compressor which compresses air due to screw compresses air due to screw action. The main advantage of using this compressor is that it can supply compresses air continuously with minimum fluctuation in delivery pressure. It is usually applied for low pressure applications.
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Oil-injected screw compressors range used in industries such as road side construction, mining & processing plants, and automobiles to decrease cost downtime and production delays. Oil-free screw compressors are expected to grow at the fastest rate during the forecast period, due to requirement of clean and oil-free air by food & beverage, electronics, textile, and pharmaceutical industries. This segment is estimated to make new income pockets for the screw compressor market size during the forecast period.
On the basis of stage, the global market size is classified into single-stage, and multi-stage. The single stage segment dominated the screw compressor market size and expected to grow at the fastest pace during the forecast period. This is due to the increasing demand for screw compressors in industries where process needs continuous high air quality in a shorter downtime. These compressors are more appropriate for industries such as petrochemicals, mining and oil & gas as they help in maintaining continuous and incessant operations.
On the basis of technology, the global market size is classified into stationary and portable. On the basis of end user, the global market size is classified into Oil & Gas, Chemicals & Petrochemicals, Food & Beverage, Automotive, Power Plants, Mining & Metals, Others. Others include pharmaceuticals, construction, textile, and electronics. The oil & gas segment accounted for the largest market share of screw compressor market. Screw compressor are used for onshore and offshore applications, oscillating from vapor recovery and gas handling to flash gas processing and fuel gas boosting.
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The food & beverage segment is expected to grow at the highest CAGR over the forecast period. Due to increasing use of compressed air in food processing, cooling, and packaging applications. The food and beverage end-users needs 100 percent pure oil-free air for processing food. Therefore, oil-free screw compressors are used in this industry in order to maintain air quality standards. Geographically, the global market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Asia Pacific region accounts the largest market share of screw compressor market and is expected to remain dominant over the forecast period. This is due to increasing industrialization and manufacturing facilities in the region. China is expected to lead the screw compressors market in the Asia Pacific region. Also, the countries such as China and Japan have implemented energy efficiency standards, thereby boosting the demand for screw compressors in Asia Pacific.
Middle East & Africa region is expected to grow at fastest pace in the forecast period. This is due to increasing demand for screw compressor in the metal & mining and chemicals & petrochemical would drive the screw compressor market in this region. The key players are Atlas Copco, Ingersoll Rand PLC, Boge Kompressoren, Gardner Denver Inc., Howden Group Ltd., GE Oil & Gas, Kobe Steel Ltd., MAN Diesel & Turbo, Sullair LLC, Siemens AG, and Hitachi Ltd.
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