Oil-Free Screw Compressors Market
Growth Factors of Oil-Free Screw Compressor Market
The oil-free screw compressor market size was valued at USD 2.43 billion in 2022, and the market is now projected to grow from USD 2.54 billion in 2023 to USD 3.57 billion by 2030, exhibiting a CAGR of 5.0% during the forecast period of 2023-2030.
The global market experienced a minor drop during the pandemic. These compressors are some of the significant components of heavy assembly lines in many industrial verticals. Industrial oil-free screw compressors are used in the petrochemical as well as oil & gas segments. However, the market eventually restored after the pandemic due to the growing mandate for contamination-free air for acute atmospheres and to diminish the total cost of ownership.
In the rising compressor industry, it is vital to cope the airflow during the industry. Many performers in the segment provide solutions to the end users to solve complex industrial problems and augment their operations. Furthermore, the energy-efficient oil-free screw compressors are planned with progressive technologies that diminish energy consumption and decrease operative charges. Performers are developing and providing centrally located system solutions that can easily control the complete airflow and monitor almost every piece or point in the compressor systems, which is additionally contributing toward the oil-free screw compressor market growth.
The automobile industry has observed key progresses due to the upsurge in fuel technology that has aided in the development of modern infrastructure for hybrid fuels such as hydrogen. Furthermore, the hydrogen market is progressing very rapidly, and launching a governing framework is now a significance. Moreover, supportive government policies to improve the situation of hydrogen infrastructure are a supporter for embracing compressors in the market.
Comprehensive Analysis of Oil-Free Screw Compressor Market
The market can be segmented in various ways, depending on the focus of analysis such as by type, by industry. Based on type, the market is classified into single stage and multi stage. Based on industry, the market is classified into food & beverage, automotive, semiconductor, pharmaceutical & chemical, metal & mining, oil & gas, and others (agriculture).
Asia Pacific region is dominating the oil-free screw compressor market share due to strong industrial base of the semiconductor industry. Moreover, growing implementation of atomization and automation in manufacturing, semiconductors & electronics, food & drinks, healthcare, applications, energy, oil & gas industries are other substantial factors motivating the development of the regional market.
The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Elgi Equipments Limited (India), Atlas Copco AB (Sweden), Sullair, LLC (Hitachi, Ltd.) (Japan), Ingersoll Rand (U.S.), Kobe Steel Ltd (Japan), Howden Group (Chart Industries) (U.K.), Aerzen (Germany), Kaeser Kompressoren SE (Germany), FS-Curtis (U.S.), Airpack (Netherlands) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In April 2023, Aerzen showed its double-stage screw compressors 2C series at the HANOVER FAIR 2023. The compressors are accessible in air-cooled and water-cooled series and are expressly made for volume flows ranging from 166 m³/h to 9,300 m3/h.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 5.0% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Stage Type
Single Stage
Multi Stage
By Industry
Food & Beverage
Automotive
Semiconductor
Pharmaceutical & Chemical
Metal & Mining
Oil & Gas
Others (Agriculture))
By Region
North America (By Stage Type, By Industry, and By Country)
Europe (By Stage Type, By Industry, and By Country)
- U.K.
- Germany
- France
- Italy
- Spain
- Rest of Europe
Asia Pacific (By Stage Type, By Industry, and By Country)
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
Middle East & Africa (By Stage Type, By Industry, and By Country)
- GCC
- South Africa
- Rest of Middle East & Africa
South America (By Stage Type, By Industry, and By Country)
- Brazil
- Argentina
- Rest of South America
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