Lucintel's latest market report analyzed that screw compressor provides attractive opportunities in the chemical and petrochemical, food and beverage, mining and metal, oil and gas, automotive, and power plant end use industries. The screw compressor market is expected to reach $15.9 billion by 2028 with a CAGR of 4.6%. In this market, oil-injected is the largest segment by product type, whereas power plant is largest by end use industry.
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Based on product type, the screw compressor market is segmented into oil-free and oil-injected. The oil-injected segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the growing use of this compressor in end use industries, like mining and power plants, owing to its high reliability, low maintenance costs, and noiseless operations.
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The Screw Compressor Market is marked by the presence of several big and small players. Some of the prominent players offering screw compressor include Ingersoll Rand PLC, Atlas Copco AB, GE Oil & Gas, Siemens AG, and Gardner Denver.
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