Global Screw Compressor Market Size Likely to Surpass at a CAGR of 5.7% By 2033

Global Screw Compressor Market size was valued at USD 12.95 Billion in 2024 and is expected to reach USD 21.34 Billion by 2033, at a CAGR of 5.7% during the forecast period 2024 – 2033.

The screw compressors are valued for their efficiency and reliability. Screw compressors are mainly used in various industrial applications across sectors such as manufacturing, automotive, food and beverage processing, pharmaceuticals, and oil and gas.

Various factors such as growing demand for screw compressors in the various end-use applications, increasing adaption of energy-efficient products and alternatives in the various manufacturing sectors, and advancement in technology and government initiatives to promote energy-efficient products are expected to drive the demand for screw compressors during the forecast period.

However, factors such as fluctuations in raw material prices, less adaption in many underdeveloped countries, availability of substitute products, and lack of universal directives about the usage of screw compressors are mainly restraining the market growth.

Supportive regulatory frameworks and the growing integration of advanced technologies such as AI, smart technologies, and analytics in screw compressors are expected to create lucrative opportunities for market growth during the forecast period. For instance, a supportive regulatory framework in European Union is further propelling this shift, with manufacturers increasingly adopting screw compressors to optimize energy consumption.

A notable trend is the growing demand for oil-free compressors in industries requiring contaminant-free air, such as pharmaceuticals and food processing. These oil-free models comply with stringent safety standards and enhance product safety while aligning with sustainability goals.

The global screw compressor market is segmented by stage, by technology, by end user and by region. By Stage, the single-stage screw compressors segment dominated the global screw compressors market and is expected to keep its dominance during the forecast period. Single-stage air compressors use the force of a piston and pressure-sensitive valve.

By end-use industries, the manufacturing segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period. The rapidly expanding manufacturing sector worldwide, coupled with supportive government policies, is expected to propel the market growth of this segment during the forecast period.

The manufacturing segment holds a significant share due to the widespread use of screw compressors in various sub-sectors like steel, chemicals, and other manufacturing industries. The oil & gas segment is a major consumer, utilizing screw compressors for applications such as gas transfer, vapor recovery, and flare gas management.

The Screw Compressor system market is segmented across Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The Asia-Pacific region holds the largest share of the global screw compressor market, primarily due to rapid industrialization and significant growth in key sectors such as manufacturing, oil and gas, and automotive.

Countries like China and India are driving this demand with their expanding industrial bases and increasing energy consumption. Numerous manufacturing facilities and oil exploration activities further contribute to the region’s dominance. Additionally, the growing emphasis on energy efficiency and advanced technologies, such as IoT integration in compressors, enhances operational performance, making Asia-Pacific a pivotal market for screw compressors.

Report Scope

CMI has comprehensively analyzed the Global Screw Compressor market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict the in-depth scenario of the market. Segment-wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Screw Compressor industry.

The competitive landscape includes key innovators, after-market service providers, market giants, and niche players, who are studied and analyzed extensively for their strengths, weaknesses, and value-addition prospects. In addition, this report covers key players’ profiles, market shares, mergers and acquisitions, consequent market fragmentation, new trends, and dynamics in partnerships.

List of the prominent players in the Screw Compressor Market:

• Atlas Copco AB
• Ingersoll Rand Inc.
• Gardner Denver Holdings Inc.
• Siemens AG
• Kobe Steel Ltd.
• GEA Group AG
• Kaeser Kompressoren SE
• BOGE Compressors
• Hitachi Ltd.
• Howden Group Ltd.
• MAN SE
• ELGi Equipments Limited
• Quincy Compressor
• Sullair LLC
• Bauer Compressors
• Aerzen USA Corporation
• FS-Curtis
• VMAC Global Technology Inc.
• Fusheng Co. Ltd.
• Shanghai Screw Compressor Co. Ltd.
• Others

The Screw Compressor Market is segmented as follows:

By Stage

• Single-Stage
• Multi-Stage

By End User

• Manufacturing
• Oil and Gas
• Mining
• Construction

By Technology

• Oil-injected
• Oil-free

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America