Dublin, Jan. 26, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Screw Compressor Market by Type, Stage, Technology, End-User, & by Region - Global Forecast to 2021" report to their offering.
The screw compressor market is projected to reach USD 11.01 billion by 2021, growing at a CAGR of 6.62% from 2016 to 2021
Market Dynamics
Drivers
- Increasing Demand for Energy-Efficient Compressors
- Low Maintenance & Operation Costs
- Rise in Energy Consumption
Restraints
- Declining LNG Imports in Japan & South Korea
Opportunities
- Growing Demand for Environment-Friendly Screw Compressors
- Industrialization in Emerging Economies Would Increase the Demand for Screw Compressors
Challenges
- Adherence to Strict Quality Standards
Screw compressor systems are used to compress a multitude of gas ranging from air to light hydrocarbons, nitrogen, ammonia, and so on. Rise in energy consumption and increasing demand for energy-efficient compressors are expected to drive the screw compressor market. The declining LNG imports in Japan and South Korea is likely to hinder market growth of screw compressors.
Based on type of screw compressor, the oil-free segment is estimated to be the fastest growing market from 2016 to 2021. These oil-free screw compressors are used in a wide range of production and service facilities to meet precise needs of pure, clean, and oil-free air. The major end-user applications demanding pure and oil-free air include food & beverage processing, electronics, textiles, and pharmaceutical production. Oil-free screw compressors eliminate the risks of oil contamination, ensuring consistent 100% oil-free compressed air, lowering operating and maintenance costs.
Asia-Pacific is currently the largest market for screw compressors, followed by the Middle East & Africa and Europe. The Asia-Pacific market is driven by increasing industrialization and rising energy consumption in the region. The market in the Asia-Pacific region is projected to grow at the fastest rate, with China expected to dominate the market. Also, the countries such as China and Japan have implemented energy efficiency standards, thereby boosting the demand for screw compressors in Asia-Pacific.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Screw Compressor Market, By Type
7 Screw Compressor Market, By Technology
8 Screw Compressor Market, By Stage
9 Screw Compressor Market, By End-User
10 Screw Compressor Market, By Region
11 Competitive Landscape
12 Company Profiles
- Atlas Copco AB
- Bauer Kompressoren
- Boge Kompressoren
- GE Oil & Gas
- Gardner Denver, Inc.
- Hitachi Ltd.
- Howden Group Ltd.
- Ingersoll-Rand PLC
- Kaeser Kompressoren SE
- Kobe Steel Ltd.
- Man SE
- Siemens AG
- Sullair LLC
For more information about this report visit http://www.researchandmarkets.com/research/h6lc8g/screw_compressor