Global Screw Compressor Market 2017-2021
About Screw Compressors
A compressor is a mechanical device that increases the pressure of gas by reducing its volume. It can be further classified into two types — positive displacement compressor and dynamic compressor. The positive displacement type can be further classified into rotary and reciprocating compressors.
Technavio’s analysts forecast the global screw compressor market to grow at a CAGR of 8.52% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global screw compressor market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of screw compressors.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Screw Compressor Market 2017-2021
Technavio recognizes the following companies as the key players in the global screw compressor market: Atlas Copco, BOGE, Howden, Ingersoll-Rand, and KAESER Compressors
Other Prominent Vendors in the market are: Hanbell, Kaishan Technologies, MAN Diesel & Turbo, Shanghai Screw Compressor, and Sullair
Commenting on the report, an analyst from Technavio’s team said: “The energy mix refers to the final energy consumption breakdown in each geographical region by the primary energy sources, which include fossil fuels like oil, natural gas and coal, nuclear power, and renewable sources. The composition of energy mix varies from region to region based on the availability of these resources. For example, in EMEA, nuclear power accounts for nearly 45% of the energy mix, whereas in APAC and the Americas the energy mix is heavily coal-based. Also, it should be noted that the energy mix figures do not match the final energy consumption figures.”
According to the report, the pharmaceutical industry is a major end-user of clean, compressed air. The industry requires clean compressed air for various applications in their processes. During the production of pharmaceutical products, contamination from compressed air is absolutely prohibited. This gives rise to the need for compressor technology that provides clean air as per the industry's stringent requirements.
Further, the report states that several advanced technologies, such as variable frequency drive (VFD) and gear drive screw compressors are available in the market, which aid in the efficient operation of screw compressors and reduce the total electricity consumption, thereby reducing the overall cost significantly. However, these technologies are priced at a premium, which discourages end-users such as the oil and gas industry from adopting screw compressors incorporated with these technologies. With the fluctuations in oil and gas prices, the industry is facing a challenging time to increase its overall revenue margin. Hence, it is seeking cost-effective options for every equipment that it uses.
Atlas Copco, BOGE, Howden, Ingersoll-Rand, KAESER Compressors, Hanbell, Kaishan Technologies, MAN Diesel & Turbo, Shanghai Screw Compressor, Sullair.