Technavio, a tech-focused market research firm, has published a new report on the global screw compressor market, which is expected to grow at a CAGR of close to 9% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global screw compressor market into the following key regions: the Americas, APAC, and EMEA.
|
GEOGRAPHICAL REGIONS |
MARKET SHARE 2016 (%) |
|
EMEA |
46.59% |
|
APAC |
34.16% |
|
Americas |
19.25% |
Source: Technavio
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Top three contributors for the global screw compressor market are elaborated below
Screw compressor market in EMEA: EMEA is anticipated to retain its position as the key revenue generating region of the global screw compressor market during the forecast period. The market’s growth in this region is fueled by its thriving automotive, petrochemical, and chemical industries.
According to Anju Ajaykumar, a lead analyst at Technavio, specializing in research on tools and components, “Despite the growth of other energy resources globally, fossil fuels is likely to remain the dominant component of the energy mix during the same period. Fossil fuels are expected to meet more than 80% of the total expected demand for electricity in 2035.”
Screw compressor market in APAC: The market for screw compressors in APAC in dominated by countries such as China, Japan, and India. The growing natural gas infrastructure in the region is likely to be the fundamental driving force behind the growth of the screw compressor market in APAC during the forecast period.
Screw compressor market in the Americas: End-user industry segments such as pharmaceutical, food and beverage, manufacturing, and metallurgy and mining industries drive the demand for screw compressors in the Americas. The growth of the food industry during the forecast period is expected to spur increased investments in the industry and subsequently propel the demand for screw compressors.
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The top leading vendors operating in the global screw compressor market are:
- Atlas Copco
- BOGE
- Howden
- Ingersoll-Rand
- KAESER Compressors
Other prominent vendors in the market include Hanbell, Kaishan Technologies, MAN Diesel & Turbo, Shanghai Screw Compressor, and Sullair.
A more detailed analysis is available in the Technavio report titled, ‘Global Screw Compressor Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Compressor Market 2016-2020
- Global Screw Conveyors Market 2016-2020
- Global HVAC Air Filter Market 2016-2020
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