Global Screw Compressor Market is expected to rise at a significant CAGR during the forecast period. Growing demand for energy-efficient compressors and an increase in energy usage are key factors in the growth of the market for screw compressors. According to IBEF, electricity consumption in India is expected to cross 15,300 TWh by 2040 from 4897 TWh in 2016. In addition, continuous government investment in power grid infrastructure to increase the reliability of power infrastructure is likely to drive the demand for screw compressors.
A full report of Screw Compressor Market available at: https://www.orionmarketreports.com/scroll-absorption-chillers-market/30829/
Atlas Copco AB (Sweden), Ingersoll Rand PLC (Ireland), GE Oil & Gas (U.K.), Gardner Denver, Inc. (U.S.), and Siemens AG (Germany) are the leading players in the screw compressor market. New product creation was the approach most widely implemented by the top market players between 2019 and 2020. Contracts & agreements, mergers & acquisitions, and expansions followed. India has emerged as one of the most desirable investment destinations in the world as a result of government initiatives such as ‘Make in India’ to fuel the country’s manufacturing activities.
Global Screw Compressor Market – Segmentation
By Type
• Oil-injected
• Oil-Free
By Stage
• Single-Stage
• Multi-Stage
By Technology
• Stationary
• Portable
By End-User
• Oil & Gas
• Chemicals & Petrochemicals
• Food & Beverage
• Power Plants
• Others
Segment by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
