Screw compressor Market Size

Screw compressor Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The screw-compressor market is growing steadily, with a current market size of $ 12.16 billion in 2024, expected to reach $ 17.9 billion by 2032. The compound annual growth rate (CAGR) is 4.96% over the forecast period. The main reason for the growth of the screw-compressor market is the increasing demand for energy-efficient and reliable air-compression solutions in various industries, such as the manufacturing industry, the automobile industry, the food and beverage industry, etc. In addition, the integration of the Internet of Things and smart monitoring systems has greatly improved the operational efficiency and performance of screw-compressors, driving market growth. The major screw-compressor manufacturers, such as Atlas Copco, Ingersoll-Rand and Kaeser, have all launched strategic initiatives to seize market opportunities. They are investing in R & D to develop more efficient screw-compressors, and they are forming strategic alliances to expand their market share. The pursuit of energy conservation and the reduction of carbon emissions have also led industries to adopt screw-compressors with low energy consumption and low emissions to meet the needs of the green economy.

Regional Market Size

Regional Deep Dive

Screw Compressor Market is experiencing significant growth across the globe, owing to the growing industrialization, increasing demand for energy-efficient solutions, and advancements in technology. In North America, the market is characterized by a strong presence of leading manufacturers and innovation, whereas Europe is characterized by regulations and the importance of sustainability. In Asia-Pacific, the growing industrialization is increasing the demand for screw compressors in manufacturing and HVAC applications. In the Middle East and Africa, the market is characterized by the growing investments in the energy and construction industry. Screw Compressor Market in Latin America is characterized by the gradual uptake of screw technology, as industries modernize.

North America

• Energy-saving regulations are a major factor in North America.
• In the meanwhile, Ingersoll-Rand and Atlas Copco are investing in R&D to develop advanced screw-compressor technology with lower energy consumption and lower emissions.
• A new trend is the development of the Internet of Things, which is integrating smart technology into screw machines and enabling the operation to be more efficient and the maintenance to be more accurate.

Europe

• European markets are shaped by strict regulations, such as the Ecodesign Directive, which sets energy-saving standards for industrial machinery, including screw compressors.
• Among the manufacturers that are leading in the development of new solutions to comply with regulations and the growing demand for sustainable technology are Kaeser and Boge.
• In Europe the emphasis on the use of renewable energy sources is increasing the demand for screw-compressors for applications such as biogas and wind energy, thus diversifying the market.

Asia-Pacific

• In countries such as China and India, the growing industrialization is creating a strong demand for screw air-compressors, especially in the manufacturing and construction industries.
• Among the government's newer schemes, 'Make in India', has been a great success, promoting the manufacture of industrial machinery and thus encouraging competition and innovation.
• A major increase in the construction of air-conditioning systems is expected in this region as well, with the growing urbanization and rising living standards. This is likely to lead to a greater demand for energy-efficient screw air-compressors.

MEA

• The Middle East and Africa region is experiencing an unprecedented surge in construction and industrial projects, particularly in the United Arab Emirates and Saudi Arabia.
• Government programs to diversify economies away from oil dependency have led to increased investment in industry and manufacturing, which in turn has benefited the screw-compressor market.
• Atlas Copco and CompAir are establishing themselves in the region, supplying solutions to the local industries.

Latin America

• Latin America is gradually modernizing, and industries in Brazil and Mexico are progressively adopting screw-compressors to improve the operating efficiency and reduce energy costs.
• The regulation of energy consumption in industry has led to the introduction of screw-pumps.
• Local manufacturers are beginning to partner with foreign manufacturers to expand their product offerings, which is expected to increase competition and innovation in the screw air-compressor market.

Did You Know?

“Screws save up to thirty per cent of the energy needed by reciprocating machines, and for this reason are the preferred choice of industries concerned with the conservation of energy.” — Compressed Air and Gas Institute (CAGI)

Segmental Market Size

The screw air-compressor market is currently growing steadily, mainly due to the increasing demand for energy-efficient and reliable air-compressors in various industries. The need for automation in the production process and the increasingly stringent energy-efficiency regulations have contributed to this growth. Furthermore, the rising focus on cost reduction and productivity in industries such as automobiles, food and beverage, and pharmaceuticals, further stimulates the market.

The screw-type air-compressors are now in the process of adoption, and in some regions such as Europe and North America, they are widely used. These screw-type air-compressors are widely used in industry, in the air-conditioning of offices and in the extraction of petroleum and natural gas, where they are valued for their elasticity and their convenience. They are also used in the exploitation of salt mines, in the dredging of the seas, in the manufacture of explosives, in the mining of coal and in the manufacture of chemicals. The development of the screw-type air-compressors is promoted by the development of the electric motor and the emergence of the electric drive and the development of the Internet of Things. These advances, which are not only improving the performance of the machines, but also promoting the reduction of the carbon footprint, are in harmony with the global trend towards the reduction of the carbon footprint.

Future Outlook

The Screw Compressor Market is expected to reach a value of $13.16 billion by 2032, at a CAGR of 4.96% from 2024 to 2032. The main growth drivers of this market are the increasing demand for screw pumps in the manufacturing, oil and gas, and HVAC industries where energy efficiency and reliability are important. The increasing emphasis on sustainable practices in industry is likely to increase the adoption of energy-efficient screw pumps, driving their penetration in developed and emerging markets.

The screw cylinders are a product of the evolution of screw presses, of which the sleeve is the latest development. Its design is based on the evolution of screw presses, but it uses a system of telemetry, with a real-time display of the operating state of the machine, enabling the operator to make an assessment of the condition of the machine, thus reducing downtime and the cost of maintenance. Moreover, the increasingly stringent regulations relating to the reduction of carbon emissions will stimulate the demand for advanced screw cylinders that meet these requirements. The trend towards hybrid and electric screw cylinders will also have a significant influence on the market, in response to the requirements of the end-users in terms of cost and sustainability.