Global Single Screw Compressor Market Size By Type (Stationary, Portable), By Application (Chemical & Petrochemicals, Food & Beverage), By Region, And Segment Forecasts, 2023 to 2032

The Global Single Screw Compressor Market was valued at USD 3.1 billion in 2023 and is projected to reach USD 5.2 billion by 2031, growing at a CAGR of 6.1% during the forecast period from 2023 to 2031. The market is driven by the increasing demand for energy-efficient compressors in various industries, including manufacturing, oil and gas, and power generation. Single screw compressors are known for their reliability, low maintenance, and ability to operate at varying capacities, making them ideal for applications where energy efficiency and durability are critical.

Drivers:

Energy Efficiency Demands: Increasing regulations and industry focus on reducing energy consumption are driving the demand for energy-efficient single screw compressors. These compressors offer reduced energy costs and lower environmental impacts compared to traditional models.

Industrial Expansion: The expansion of industries such as oil and gas, chemical, and food processing, especially in emerging markets, is leading to higher demand for reliable and efficient compressor systems.

Technological Advancements: Innovations in compressor design, such as variable speed drives and improved rotor profiles, are enhancing the performance and efficiency of single screw compressors.

Restraints:

High Initial Costs: The upfront investment required for installing single screw compressors is higher than traditional compressors, which can be a barrier for small and medium-sized enterprises (SMEs).

Availability of Alternatives: Alternative technologies such as double screw compressors and centrifugal compressors pose a challenge to the single screw compressor market, as they offer comparable efficiency in certain applications.

Opportunities:

Growing Demand in Emerging Markets: Rapid industrialization in regions like Asia-Pacific and Latin America presents substantial growth opportunities for single screw compressors, driven by investments in infrastructure and manufacturing.

Adoption of Automation: The integration of automation and smart technologies in compressor systems provides opportunities to improve operational efficiency, reducing downtime and optimizing energy usage.

Market by System Type Insights:

Oil-Injected Screw Compressors: In 2023, the oil-injected single screw compressor segment held the largest market share due to its widespread use in heavy-duty industrial applications.

Oil-Free Screw Compressors: This segment is expected to grow at a significant rate during the forecast period, driven by increasing demand from industries that require contamination-free air, such as pharmaceuticals and food processing.

Market by End-Use Insights:

Manufacturing: The manufacturing sector accounted for the largest revenue share in 2023, driven by the need for continuous operation and energy-efficient solutions.

Oil & Gas: This segment is expected to grow rapidly as the oil and gas industry increasingly adopts single screw compressors for their ability to handle large volumes of gas with minimal downtime.

Market by Regional Insights:

Asia-Pacific: Dominated the market in 2023 due to rapid industrialization and increasing investments in energy-efficient technologies in countries such as China and India.

North America: Expected to see significant growth, driven by advancements in compressor technologies and stringent energy efficiency regulations.

Competitive Scenario:

Key players in the Global Single Screw Compressor Market include Atlas Copco AB, Ingersoll Rand Inc., Gardner Denver Holdings Inc., Hitachi Ltd., and Kaeser Compressors Inc. Companies are focusing on technological innovations, strategic partnerships, and expanding their global footprint to strengthen their market position.

Scope of Work – Global Single Screw Compressor Market

Key Market Developments:

Atlas Copco AB launched an innovative range of oil-free single screw compressors in 2023, designed to enhance efficiency and reduce energy costs in critical industrial applications.

Ingersoll Rand Inc. announced its acquisition of a major compressor technology company in 2024 to expand its product portfolio and strengthen its position in the energy-efficient compressor market.

Gardner Denver Holdings Inc. introduced a new variable speed drive technology for single screw compressors, offering up to 20% energy savings.

FAQs:

What is the current market size of the Global Single Screw Compressor Market?

The market size of the Global Single Screw Compressor Market is valued at USD 3.1 billion in 2023.

What is the major growth driver of the Global Single Screw Compressor Market?

The major growth driver is the increasing demand for energy-efficient compressors in various industries.

Which is the largest region during the forecast period in the Global Single Screw Compressor Market?

Asia-Pacific is expected to be the largest region during the forecast period.

Which segment accounted for the largest market share in the Global Single Screw Compressor Market?

The oil-injected single screw compressor segment accounted for the largest market share in 2023.

Who are the key market players in the Global Single Screw Compressor Market?

Key market players include Atlas Copco AB, Ingersoll Rand Inc., Gardner Denver Holdings Inc., Hitachi Ltd., and Kaeser Compressors Inc.