Market Research Report
|Published by||Global Industry Analysts, Inc.||Product code||908937|
|Published||Content info||397 Pages
Delivery time: 1-2 business days
|Published: July 1, 2020||Content info: 397 Pages||
Global Screw Compressors Market to Reach US$13.6 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Screw Compressors estimated at US$9.4 Billion in the year 2020, is projected to reach a revised size of US$13.6 Billion by 2027, growing at a CAGR of 5.4% over the period 2020-2027.Oil-Injected, one of the segments analyzed in the report, is projected to grow at a 5% CAGR to reach US$7.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Oil-Free segment is readjusted to a revised 6% CAGR for the next 7-year period. This segment currently accounts for a 41% share of the global Screw Compressors market.
The U.S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 8.3% CAGR for the Period of 2020-2027
The Screw Compressors market in the U.S. is estimated at US$2.5 Billion in the year 2020. The country currently accounts for a 27.09% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.8 Billion in the year 2027 trailing a CAGR of 8.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 4.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR while Rest of European market (as defined in the study) will reach US$2.8 Billion by the year 2027.We bring years of research experience to this 8th edition of our report. The 397-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,