Global Screw Compressor Industry was valued at USD 8.5 Billion in the year 2017. Global Screw Compressor Industry is further estimated to grow at a CAGR of 6.17% from 2019 to reach USD 13.85 Billion by the year 2025. Asia-Pacific region holds the highest Industry share in 2017 and is also considered as the fastest growing Industry in the forecasted period. At a country level, developed Industrys like China with highest population base holds the notable Industry share in 2017 and it is projected to grow at a gradual rate in the coming years.
Major market players in Screw Compressor Industry are GE Oil & Gas, Siemens AG, Atlas Copco AB, Howden Group Ltd, Ingersoll-Rand PLC, Hitachi Ltd., Kobe Steel Ltd., Man SE, Gardner, Denver Inc., Sullair LLC, and other brief information of 10 more companies will be provided in the report. Product up-gradation to cater changing demand of end users. Similarly, growth strategies such as acquisition & merger were few techniques adopted by most of the top players in last 5 years.
SWOT Analysis of Screw Compressor Industry:
Increasing energy consumption due to infrastructure developments
User resistance to adapt to updated technology
Increasing industrialization in developing countries
Maintaining stringent industry standards
Segmentation done on the basis of Industry include Automotive, Oil & Gas, Power Plants, Chemicals & Petrochemicals, Food & Beverage, Mining & Metals; of which the Oil & Gas segment is expected to hold the highest Industry share during the forecast period.
Screw Compressor Industry Segmentation:
By Industry Sector
• Oil & Gas
• Power Plants
• Chemicals & Petrochemicals
• Food & Beverage
• Mining & Metals
• Portable Screw Compressors
• Stationary Screw Compressors
• Oil-Free Screw Compressors
• Multi-Stage Screw Compressors
• North America
o Rest of Europe
o Rest of Asia-Pacific
o Latin America
o Middle East & Africa