Screw compressor Market Share

Global Screw Compressor Market Overview:

The Screw Compressor Market Size was valued at USD 11.5 Billion in 2023. The eight oss products market industry is projected to grow from USD 12.16 Billion in 2024 to USD 17.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.96% throughout the forecast period (2024 - 2032). Increased demand for energy-efficient compressors and increasing demands in various industries are the key market drivers enhancing the growth of market.

Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review

Screw Compressor Market Trends

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  Growing demand for energy-efficient compressors is driving the market growth

  
  

Market CAGR for the screw compressor market is boosted by the increasing demand for energy-efficient compressors. The screw compressor has an increased demand due to its energy-efficient compressors along with an increase in industries like pharmaceutical, F&B, and textile sectors. It has two helical rotors that are utilized in compressing outer air to a set pressure, clean, ensuring dry, and compressed air. 

It has increased demand in sectors like chemicals and petrochemicals processing, metals & mining, food & beverages, automotive, power plants, and oil & gas, where a large volume of high-pressure air is required, especially to function machine tools.

Screw compressors are twin-shaft lobe machines that depend on the principle of positive displacement with internal compression. Its energy-efficient compressors have low operation and maintenance costs. The screw compressors are mainly utilized for the production of compressed air with improved efficiency, popularly used for transferring gas, and flaring elimination, and developed to work under extreme weather conditions. 

It has large ability in terms of energy consumption and is designed to provide zero loss of capacity with time; with the rising natural gas demand because of the adoption of sustainable living, the market is growing. The government is taking the initiative by investing in research and development to develop energy-efficient methods for production. The screw compressors also have large applications, such as increasing product utilization by the food and beverage packaging sector with increasing research and development, hence increasing the market growth.

Passenger cars are one of the largest contributors to air pollution. Hence the automobile powered by air can be a viable alternative to a gasoline-powered vehicle which can compress the plentiful and free of pollutants air at minimal costs. CAVs are eco-friendly and give an effective means of producing and transferring electricity. The compressor does not stop completely while the reservoir pressure meets the necessary pressure, and automotive pressure is dropped out of the idling positions to install the load/unload systems in screw processors.

The increasing demand for better and improved industrial equipment is boosting product innovations in the screw compressor market. Industrialization has raised the sales of rotary and reciprocating air compressors in developing countries. The market players are launching advanced screw compressors in cities throughout Asia, Africa, and South America. China, India, and South Africa are recently among the most active screw compressor markets. Thus, driving the Screw Compressor market revenue.

Screw Compressor Market Segment Insights:

Screw Compressor Type Insights

The Screw Compressor market segmentation, based on type, includes Oil-Free and Oil-Injected. The oil-injected segment dominated the market, accounting for the largest market revenue. The multiple functions performed by oil, like cooling, lubrication, sealing, and noise dissipation, provide better performance faceted to oil-injected as compared to oil-free screw compressors. It will continue to hold a significant market during the forecast years. It has emerging applications across various industries where the necessity for compressed air is high.

Screw Compressor Number of Stage Insights

The Screw Compressor market segmentation, based on a number of stages, includes Single-Stage and Multi-Stage. The multi-stage segment is expected to hold the largest market share in the screw compressor market. These compressors include advanced technology such as variable speed drive and turbo pressure. 

The multi-stage compressors are designed in such a way that it elates on wheels and are extremely capable of being energy-efficient. These features can persuade the demand for multi-stage screw compressors in many industrial applications.

Figure 1: Screw Compressor Market, by Number of Stages, 2022 & 2032 (USD Billion)

Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review

Screw Compressor Regional Insights

By region, the study gives market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Screw Compressor market dominates this market, because of the hype in the demand from numerous end users in developing countries for screw compressors. 

The fast industrialization in emerging economies and the rising demand for efficient tools & machinery is anticipated to boost the market. The government is providing opportunities to invest in industrialization, increasing foreign direct investment, thus boosting the market. The US is the largest contributor to the screw compressor in the Asia Pacific region.

Further, the main countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, South Korea, Japan, India, Australia, and Brazil.

Figure 2: Screw Compressor Market Share By Region 2022 (USD Billion)

Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review

Europe's Screw Compressor market accounts for the second-largest market share because of the growing demand for energy-efficient compressors and rising district cooling in the region. Further, the German Screw Compressor market held the largest market share, and the UK Screw Compressor market was the rapid-growing market in the European region.

The Asia Pacific Screw Compressor Market is expected to grow at the rapid CAGR from 2023 to 2032. This is due to the growth in the number of industries and oil and gas exploration activities and growing economy. Moreover, China’a Screw Compressor market held the largest market share, and the Indian Screw Compressor market was the rapid-growing market in the Asia-Pacific region.

Screw Compressor Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to spread their product lines, which will help the Screw Compressor market grow even more. Market participants are also undertaking a various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Screw Compressor industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Screw Compressor industry to benefit clients and increase the market sector. In recent years, the Screw Compressor industry has offered some of the most significant advantages to various industries. 

Major players in the Screw Compressor market, including Atlas Copco, ELGI Equipment Limited, Kobe Steel Ltd., Hitachi, Kore Compressor, Lewis System, Caterpillar Inc., Michelin, GE Oil & Gas, Howden Group Ltd., Siemens AG, Garden Denver, Inc., Sullair LLC, Aggreko plc., and others, are trying to increase market demand by investing in research and development operations.

Atlas Copco, established in 1873, is headquartered in Stockholm, Sweden, having customers in more than 180 countries. In 2022, Atlas Copco made revenue of approx. BSEK141 (13 BEUR). In September 2019, a new XAS 950 air compressor was launched by Atlas Copco. It is a single-stage, oil-injected, rotary air compressor having the capability of adjusting pressure via cognitive electronics to meet the engine speed, power, and torque with air demand, resulting in fuel savings and better efficiency. 

In March, the company launched its GA 110-160 VSD oil-injected air compressor ranging in a smart air solution portfolio. This new launch has featured in the new format of art compression elements and provides triple benefits in terms of efficiency, service, energy encompassment, and uptime.

ELGI Equipment Limited is an air compressor manufacturer globally which emphasizes innovation and technologically best-compressed air systems. It has a long-term partnership with its stakeholders globally, guided by technology, reliability, capability, and values boosted by innovation. 

The ELGI is operating across 120 countries globally and has a product portfolio of over 400 products. ELGI provides a full range of compressed air solutions, oil-lubricated and oil-free rotary screw compressors oil-lubricated and oil-free reciprocating compressors, dryers and filters. In June 2019, ELGI Equipment launched an upgraded scale of encapsulated screw air compressors with various frequency drivers and heat recovery systems.

Key Companies in the Screw Compressor market include

• Atlas Copco


• ELGI Equipment Limited


• Kobe Steel Ltd.


• Hitachi


• Kore Compressor


• Lewis System


• Caterpillar Inc.


• Michelin


• GE Oil & Gas


• Howden Group Ltd.


• Siemens AG


• Garden Denver, Inc.


• Sullair LLC


• Aggreko plc.

Screw Compressor Industry Developments

March 2022:KaraMD announced Pure Health Apple Cider Vinegar Gummies, a vegan gummy aimed to aid ketosis, digestion regulation, weight management, and encourage greater levels of energy.

January 2022:Solace Nutrition, a US-based medical nutrition company, bought R-Kane Nutritionals' assets for an unknown sum. This asset acquisition enables Solace Nutrition to develop synergy between both brands, accelerate growth, and establish a position in an adjacent nutrition sector. R-Kane Nutritionals is a firm established in the United States that specializes in high-protein meal replacement products for weight loss.

February 2021:Hydroxycut's newest creation, CUT Energy, a delectable clean energy drink, was released. This powerful mix was carefully formulated for regular energy drink consumers, exercise enthusiasts, and dieters looking to lose weight.

April 2024

With the GA 11-30 FLX, Atlas Copco Compressors has unveiled the first dual-speed compressor in the world. Situated halfway between compressors with variable speed drives (VSD) and fixed-speed compressors, the GA FLX offers compressed air consumers a third choice. More than conventional fixed speed compressors, the start-up peak, unload power, and transient losses are much reduced by the dual-speed technology.  The GA FLX is therefore the most energy-efficient fixed-speed compressor in the lineup, using up to 20% less energy.

The GA 11-30 FLX was designed by Atlas Copco in response to the growing market need for more energy-efficient goods. The market is now more than ever aware of the financial advantages of a more sustainable product that may provide significant energy savings while minimizing environmental effect because of the energy crisis that occurred during the winter of 2022.

Compared to conventional fixed-speed compressors, its dual-speed drive train and motor result in much reduced start-up peak, unload power, and transient losses. This compressor lowers the environmental effect and global impact since it uses up to 20% less energy, and compressors utilize up to 5% of energy globally. Furthermore, the drive train set of the GA 11-30 may be positioned vertically, which reduces the compressor's footprint and maximises available space.

"At Atlas Copco Compressors, we are dedicated to shaping a more sustainable world through innovation," says Ben John, Business Line Manager, Industrial Air. Our dedication to satisfy client requests for more energy-efficient compressor solutions is shown by the GA 11-30 FLX.

The GA 11-30 FLX operates more sustainably by utilizing its power to its fullest potential to provide as much air as possible at all set pressures, therefore using energy more effectively. What distinguishes this compressor so much is its capacity to provide ideal flow at all pressures.

Screw Compressor Market Segmentation

Screw Compressor Type Outlook

• Oil-Free


• Oil-Injected

Screw Compressor Number of Stages Outlook

• Single-stage


• Multi-Stage

Screw Compressor Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America