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The screw compressors are the devices that work on a positive displacement mechanism with internal compression. The screw compressors have twin-shaft rotating lobe machines that are used in compressing external air to ensure dry, clean, and compressed air set at a particular pressure. The screw compressors are mainly used for low pressure, high volume applications. These compressors are capable of delivering constant air over a while and therefore can satisfy the continuous air demand.
The other advantage of screw compressors is the minimum fluctuations observed in delivery pressure. The screw compressors are used in various fields such as chemicals and petrochemicals, food & beverages, mining & metals, oil & gas, automotive, and power. The growth in these fields and deployment of screw compressors owing to operational advantages over other available counterparts will see global screw compressor market grow during the given forecast period.
Key Market Driver -
Key Market Driver – Increased performance and low maintenance cost
Key Market Restraint -
Key Market Restraint – High installaition cost and new technology
Based on its types, the global screw compressor market can be segmented into oil-free and oil-injected. The various functions performed by oil, such as cooling, lubrication, sealing and noise dissipation give better performance attributes to oil-injected as compared to oil-free screw compressors. This will see oil-injected segment hold a significant market during the given forecast period.
Based on number of stages present in the compressor the global screw compressor market can be segmented into single-stage and multi-stage compressor. The high pressure obtained in multi-stage compressor makes it more preferable for high-pressure applications. This has seen more deployment of multi-stage compressors as compared to single-stage compressors used for compression.
Based on its technology, the global screw compressor market is segmented into stationary and portable. The high-pressure applications require stationary compressors, and they also provide higher storage of compressed air, which will see stationary segment hold a more significant market share than portable screw compressors.
Based on its applications the global screw compressor market can be segmented into chemicals and petrochemicals, food and beverages, mining and metals, oil and gas, automotive, and power. The growing automotive sector will see automotive hold a higher market share in the market during the given forecast period.
The major market driver for the global screw compressor market is the better performance attributes of the screw compressors as compared to other available counterparts. Also, the low maintenance, requirement of less space, low wear and tear, and less moving parts are the other factors that will drive the growth of the global screw compressor market.
The key market restraint for the global screw compressor market is the reluctance shown by people for the adoption of new technology. Other factors that can hamper the growth are the high initial cost, the requirement of skilled labor and the requirement of maintaining quality measures.
Some of the major companies that are present in the global screw compressor market are Sulzer, Ingersoll Rand, Bauer Compressors Inc., Senco Brands, Inc, Dewalt, Atlas Copco, Siemens, General Electric Manufacturing Company, Quincy Compressor, Aerotecnica, S.A. Grupo Hastinik, MAN Diesel & Turbo, Kaishan Group, Jereh Group, Kerui Group US LLC, and BOGE Compressors.
The global screw compressor market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America region has dominated the global screw compressor market owing to the rise in the number of industries and the number of oil and gas exploration activities taking place in the region.
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Asia Pacific region holds the maximum opportunities for the growth of the global screw compressor market owing to the presence of enormous chemical industry market, increasing exploration activities for oil and gas, rise in the number of industries and automotive sector rising at a rapid pace. Europe region also holds a significant share in the global screw compressor market owing to increasing district cooling in the region. The Middle East region and Latin America region will also grow in the given forecast period owing to the growing oil and gas industry in Middle East and increasing food and beverage industry in Latin America.
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