Global Screw Compressor Market Assessment, By Type [Oil-injected, Oil-Free], By Stage [Single-stage, Multi-stage], By Technology [Stationary, Portable], By End-user Industry [Oil and Gas, Chemicals and Petrochemicals, Food and Beverage, Automotive, Others], By Region, Opportunities and Forecast, 2017-2031F

Global screw compressor market is projected to witness a CAGR of 5.51% during the forecast period 2024-2031, growing from USD 13.51 billion in 2023 to USD 20.75 billion in 2031. There's a growing focus on developing energy-efficient screw compressors that minimize power consumption, often featuring variable speed drives (VSD) to adjust motor speed based on demand. Companies are increasingly adopting compressors that support sustainability goals, including reduced carbon emissions and lower operational costs. The integration of the Internet of Things (IoT) allows real-time monitoring of compressor performance, predictive maintenance, and data analytics to optimize operations. Furthermore, advanced control systems enhance automation, enabling users to manage multiple compressors more efficiently and respond to varying demands dynamically.

Manufacturers are designing more compact screw compressors that require less floor space, appealing to industries with limited installation areas. Modular designs allow for easy scalability and customization, enabling users to adapt their systems based on specific operational needs. There is a push for quieter screw compressors, especially in industries where noise reduction is crucial. Innovations in sound insulation and design modifications are being implemented to minimize operational noise. As the product develops and is adopted at a higher rate, companies tend to offer compressors that cater to a wide range of end-users, attracting a large consumer base.

For instance, in June 2022, Otto Boge GmbH & Co. KG launched a new screw compressor with 90kW output and direct drive. The set of properties comprised by new compressors in S 91-4 and S-4 series have a wide range of industries, including food and beverages, textile, automotive, and other large manufacturing industries.

Industrial Growth and Energy Efficiency to Fuel Market Growth

Increased focus on manufacturing across various geographies in developing countries boosts demand for reliable and efficient compressed air systems. For industries such as automotive, electronics, and food and beverages that use compressed air as a utility in several processes, this trend is anticipated to fuel the market growth. In the oil and gas industry, screw compressors are widely applied to large-scale recovery and boosting applications. As further exploration and production continue, the demand for more efficient compression solutions will increase exponentially.

Screw compressors are more energy-efficient than traditional reciprocating compressors. In an environment where companies are under immense pressure to reduce their energy expenses and optimize profitability, energy-efficient technologies assume a top priority. Businesses are looking to invest in screw compressors as they have lower operating costs and longer service life, which offers a better ROI with time. Companies are introducing compressors with higher fuel efficiency to benefit end-users.

For instance, in February 2024, Elgi Equipments Limited launched ELGi PG550-215, a trolly-mounted portable screw air compressor, at the 12^th edition of India Stonemart 2024. The company claimed the compressor is precisely engineered to enhance performance, decrease drilling costs, and improve fuel efficiency in the construction and mining sectors.

Automation, Technology, and Infrastructure Development to Shape the Market Dynamics

The monitoring and optimization of the actual performance of screw compressors become possible through the inclusion of IoT and advanced control systems. This has indeed resulted in reduced downtime and operation efficiency. Through advanced technology, predictive maintenance can be achieved in companies, escaping costly breakdowns and fueling market growth.

The demand in developing countries is rapidly growing due to urbanization and the development of infrastructure in transportation, utilities, and construction. Renewable energy projects in the form of wind and solar are emerging, which is yet another factor that boosts the growth of the screw compressor market. In a bid to reduce carbon footprint, screw compressors, designed with energy efficiency and environmental compliance, are gradually becoming indispensable for industries. The policy framework comprises a large number of policies from governments in adopting energy-efficient technologies that encourage the adoption of energy-efficient technologies by providing incentives to businesses to upgrade their systems.

For instance, in December 2023, Atlas Copco AB launched a new battery-driven portable screw compressor, B-Air.  The B-Air 185-12 has a 55-kWh battery storage capacity, a steady flow rate of 5.4-3.7 m3/min, and a pressure range of 5-12 bar. When completely charged, a fully functional device may operate for up to an entire standard work shift without the need for gasoline or an external power source to be plugged in. This is made possible by the onboard battery pack.

Higher Demand for Efficiency and Durability to Fuel Oil-injected Screw Segment

Oil-injected screw compressor segment holds the major share of the market. Oil-injected compressors offer higher efficiency and performance due to reduced friction, better thermal management, and prevention of overheating. They require regular oil changes and maintenance, but their efficiency and durability result in lower operational costs.

Oil's lubricating properties reduce internal component wear and tear, extending its lifespan and reducing the frequency of replacements. These compressors are a popular option in industries such as manufacturing and oil and gas due to their reputation for dependability in tough industrial applications. Applications for oil-injected compressors include material handling, pneumatic equipment, and general manufacturing procedures, which do not require completely oil-free air. They are appropriate for heavy-duty applications as they function effectively under pressure.

For instance, in January 2022, Atlas Copco AB launched the GL160-250 low-pressure oil-injected screw compressor. GL series low-pressure oil-injected screw compressor is a product customized by Atlas Copco for customers in textile, glass, and other industries. The textile and glass industries usually use an air pressure of 3.5-5.5 bar.

North America Dominates the Screw Compressor Market Share

The United States and Canada lead the way in North America as the region dominates the share of the global  screw compressor market. The manufacturing, automotive, aerospace, food and beverage, and electronics industries are expanding in the region. This market uses heavily compressed air systems for assembling, packaging, and material handling processes. The growth of industries such as oil and gas with their usage in operations, such as drilling, production, and gas transport, amplifies the market demand.

Companies in North America are at the forefront in terms of technological innovation, owing to better understanding of efficient screw compressors with smart features, energy efficiency, and IoT capabilities. As such, strong investments in R&D promote continuous improvement of compressor performance, efficiency, and reliability, hence, increasing adoption of screw compressors across the industries. Another growth factor includes stringent energy consumption and emission regulations that require industries to increase the energy efficiency of their technologies. Screw compressors are usually opted due to higher energy efficiency compared with the traditional ones. Companies based in North America are expanding their product range with multi-functional screw compressors.

For instance, in April 2023, Kaishan Compressor USA introduced a new series of industrial, low-pressure rotary screw air compressors, KRSL. The compressor comes completely assembled and prepared for independent operation or system plugging. The compressor caters to various applications with different demands and requirements for flexibility since they are outfitted with Kaishan's SKYv airend.

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Future Market Scenario (2024 – 2031F)

• Enhanced energy efficiency with variable speed drives (VSD) and integrated systems are expected to transform the market growth.
• Smart technology and IoT integration are anticipated to enable real-time monitoring and data analysis for end-users.
• Sustainability initiatives, along with noise reduction technologies, are expected to cater to eco-friendly refrigerants and advanced resource management.

Report Scope

“Screw Compressor Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of global screw compressor market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.

Report Attribute	Details
Base Year of the Analysis	2023
Historical Period	2017-2022
Forecast Period	2024-2031
Projected Growth Rate	CAGR of 5.51% between 2024 and 2031
Revenue Forecast in 2031	USD 20.75 billion
Segments Covered	Type, Stage, Technology, End-user Industry
Regions Covered	North America, Europe, South America, Asia-Pacific, Middle East and Africa
Key Companies Profile	Otto Boge GmbH & Co. KG, Brehob Corporation, Atlas Copco AB, ALUP-Kompressoren GmbH, Howden Group, Elgi Equipments Limited, Ingersoll Rand, Inc., Kaeser Kompressoren SE, Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A, Sullair LLC
Customization Scope	15% free report customization with purchase
Pricing and Purchase Options	Avail the customized purchase options to fulfill your precise research needs
Delivery Format	PDF and Excel through email (subject to the license purchased)

In the report, global screw compressor market has been segmented into the following categories: 

• By Type
  • Oil-injected
  • Oil-Free
• By Stage
  • Single-stage
  • Multi-stage
• By Technology
  • Stationary
  • Portable
• By End-user Industry
  • Oil and Gas
  • Chemicals and Petrochemicals
  • Food and Beverage
  • Automotive
  • Others
• By Region
  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

Key Players Landscape and Outlook

The screw compressor market is characterized by several key players who employ various strategies to maintain their competitive edge. Continuous investment in R&D to develop more efficient, reliable, and technologically advanced screw compressors. Integration of smart technologies, such as IoT and data analytics, to enhance performance monitoring and maintenance. Emphasis on developing eco-friendly and energy-efficient products is expected to meet increasing regulatory requirements and customer demand for sustainable solutions. Competitors are targeting emerging markets, especially in Asia-Pacific and Africa, to capitalize on industrial growth and increasing demand for compressed air solutions. Companies extend their product range while continuing of previous product lines and series.

For instance, in April 2024, Elgi Equipments Limited launched EG SP (Super Premium), upgrading the EG Series portfolio of oil-lubricated screw air compressors. With low life cycle costs in the 90-110kW compressor range, the machine represents a noteworthy innovation in compressed air technology and offers customers significant energy efficiency improvements of up to 15%.

Key Players Operating in Global Screw Compressor Market are:

• Otto Boge GmbH & Co. KG
• Brehob Corporation
• Atlas Copco AB
• ALUP-Kompressoren GmbH
• Howden Group
• Elgi Equipments Limited
• Ingersoll Rand, Inc.
• Kaeser Kompressoren SE
• Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A
• Sullair LLC

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• What is the current and future market size of the product/service in question globally or specific to different countries?
• How are the markets divided into different product/service segments and the market size and growth of each segment?
• What is the market potential of different product segments and their investment case?
• How are the markets predicted to develop in the future and what factors will drive or inhibit growth?
• What is the business environment and regulatory landscape specific to the product/service?

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