With the emergence and long-term Impact of COVID-19, Global Screw Compressor Market to reach USD XX Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Screw Compressor Market is poised to raise up to USD XX Billion by 2030. Screw compressor is a type of positive displacement compressor that uses two intermeshing helical rotors, often referred to as screws, to compress air or gas. As the rotors rotate, they trap and compress the air or gas between them and reducing the volume and increasing the pressure. Screw compressors are widely used in various industrial applications due to their efficiency, reliability, and versatility.
The key factors driving the market growth are industrial automation and manufacturing growth, rise in energy consumption, and increasing demand for energy-efficient compressors that are anticipated to support the market growth. Moreover, increasing demand for the environment–friendly screw compressors, and industrialization in emerging economies increase demand for screw compressors which are anticipated to create lucrative opportunities for the market during the forecast period 2023-2030. However, the high installation cost and new technology stifle market growth throughout the forecast period of 2023-2030.
Geographically, the global Screw Compressor market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the growing emphasis on energy efficiency and sustainability, the rising oil and gas industry, and the growing focus on oil-free compressors. Whereas, the Asia Pacific is expected to grow with the highest CAGR over the forecast period, owing to factors such as the growing infrastructure development projects, expansion in oil and gas activities, and growth in chemical and petrochemical industries.
The global Screw Compressor market is highly competitive owing to the presence of several key market players such as Atlas Copco, Hitachi Ltd, Ingersoll Rand, Emerson Electric Co., Daikin Industries Ltd, Siemens, and others.
For further analysis on this or to request a sample copy of this report, please click the link mentioned below:
Key findings of the study suggest:
- Global Screw Compressor Market is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030.
- In the Type segment, Oil-injected emerged as the leading market segment in 2022.
- In the Stage segment, Multi-Stage emerged as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the growing emphasis on energy efficiency and sustainability, the rising oil and gas industry, and the growing focus on oil-free compressors.
- Asia-Pacific is expected to grow at higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
Type:
- Oil-injected
- Oil-Free
Stage:
- Single-Stage
- Multi-Stage
Technology:
- Stationary
- Portable
End-User:
- Oil & Gas
- Chemicals & Petrochemicals
- Food & Beverage
- Automotive
- Power Plants
- Mining & Metals
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
To get a sample of this report or to purchase a copy of the study, you can directly contact us at: sales@bizwitresearch.com
About Us
Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
Contact US
Global Business Development
Phone : +1 209 498-3066
Email: Sales@bizwitresearch.com
Website: www.bizwitresearch.com
