Screw Compressor Market

Major strategies Adopted by Players in the Screw Compressor Market include New Product Developments, Contracts & Agreements, Mergers & Acquisitions, and Expansions

The global screw compressor market is projected to grow at a CAGR of 6.62% from 2016 to 2021. Asia-Pacific is estimated to be the largest market for screw compressors, followed by the Middle East & Africa and Europe. This trend is expected to continue till 2021. The growth of the screw compressor market is driven by increasing the demand for energy-efficient compressors and low maintenance and operation costs of screw compressors

The screw compressor market is dominated by a few global players. Key players operating in the market include Atlas Copco AB (Sweden), Ingersoll Rand PLC (Ireland), GE Oil & Gas (U.K.), Gardner Denver, Inc. (U.S.), and Siemens AG (Germany).

Major strategies adopted by players in the screw compressor market include new product developments, contracts & agreements, mergers & acquisitions, and expansions. New product developments was the most commonly adopted strategy from 2012 to 2016. Industry players also adopted contracts & agreements, which was the second most widely followed strategy from 2012 to 2016.

Atlas Copco AB offers innovative and sustainable productivity solutions for manufacturing, construction, mining, service, and process industries. It conducts its business through four segments, namely, compressor technique, industrial technique, mining and rock excavation technique, and construction technique. Rotary screw compressors is a part of compressor technique segment. Atlas Copco AB adopted mergers & acquisitions as its key growth strategy. In August 2016, Atlas Copco acquired Schneider Druckluft GmbH (Germany), a company involved in design and manufacturing of air compressors. Atlas Copco aims to strengthen its distribution network of compressors in Europe through this acquisition. In April 2016, Atlas Copco acquired Quincy Compressor LLC (U.S.). Quincy Compressor is engaged in compressor distribution, service, and renting. Atlas Copco aims to strengthen its service and distribution network in the U.S. through this acquisition.

Ingersoll Rand PLC is involved in the development, manufacturing, and trade of air and ventilation systems. The company operates its business through two segments, namely, climate and industrial. The industrial segment offers compressed air and gas systems, power tools, material handlings, and fluid management equipment. Ingersoll offers a wide range of rotary screw compressors in different pressure and flow rate ranges. The company adopted new product development as its key strategy in order to enhance its position in the screw compressor market. In May 2016, it introduced RS30 and RS37 screw compressor models. These models are next generation, oil-flooded rotary screw compressors, which offers 18% improvement in efficiency. Also in July 2015, Ingersoll Rand launched the new UP6S Series 15-30hp fixed speed rotary screw compressor. This product has progressive adaptive control (PAC) protection, O-ring face seals to reduce leak points, and a totally enclosed fan cooled (TEFC) motor.

Related Reports:

Screw Compressor Market by Type (Oil-free, Oil-Injected), Stage (Single, Multi), Technology (Stationary, Portable), End-User (Chemical & Petrochemicals, Food & Beverage, Mining & Metals, Oil & Gas, Automotive, Power), & by Region - Global Forecast to 2021

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Screw Compressor Market Size,  Share & Growth Report
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