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Screw Compressor Market worth 11.5 Billion USD by 2020
The report “Screw Compressor Market by Type (Oil-Free, Oil-Injected), Stage (Single, Multi), Technology (Stationary, Portable), End-User (Chemical & Petrochemical, Food & Beverage, Mining & Metals, Oil & Gas, Automotive, Power Plant), & Region - Global Forecast to 2020” defines, segments, analyzes, and forecasts the global screw compressor market. It also identifies the driving and restraining factors of the screw compressor market, with an analysis of trends, opportunities, and competitive landscape.
Browse 69 market data Tables and 49 Figures spread through 224 Pages and in-depth TOC on "Screw Compressor Market by Type (Oil-Free, Oil-Injected), Stage (Single, Multi), Technology (Stationary, Portable), End-User (Chemical & Petrochemical, Food & Beverage, Mining & Metals, Oil & Gas, Automotive, Power Plant), & Region - Global Forecast to 2020"
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The market on the basis of region has been segmented into the North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The screw compressor market is projected to reach USD 11.5 billion by 2020, at a CAGR of 8.7% from 2015 to 2020.
The Asia-Pacific region is expected to dominate the screw compressor market during the next five years
Asia-Pacific is the largest screw compressor market. The region has accounted for around 35% of the total market share in 2014. Market growth has scaled up due to rise in industrial activities, standardizations on the usage of energy-efficient screw compressors, and advantages of screw compressors over others.
Oil-injected screw compressors – Major type for the screw compressor market
Screw compressors are used in diverse range of end-use industries such as chemicals & petrochemicals, oil & gas, mining & metals, power plants, automotive, and food & beverages among others. These industries use oil-free or oil-injected type of screw compressors for variety of applications. Oil-injected screw compressors capture the major market, and find applications in chemicals & petrochemicals production, mining & metals, oil & gas, and automotive. In addition, increase in industrial activities in countries such as China, India, Mexico, Saudi Arabia, and the U.S. acts as a major driver of the screw compressor market.
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