Screw Compressor Market Share, Size 2021 Global Market Business Growth, Demand and Applications Research Report Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Screw Compressor Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Screw Compressor Market products.

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Growing need for automation of industries, backed by the increasing trends of industrial internet of things (IIoT) and Industry 4.0, coupled with the need for minimum human contact of processes owing to the recent global pandemic, COVID-19, are some of the factors raising the need for the increasing deployment of automated robots, that help to increase efficiency in work processes.

Global Screw Compressor Market was valued at USD 8.5 Billion in the year 2017. Global Screw Compressor Market is further estimated to grow at a CAGR of 6.17% from 2019 to reach USD 13.85 Billion by the year 2025. Asia-Pacific region holds the highest Market share in 2017 and is also considered as the fastest growing Market in the forecasted period. At a country level, developed Markets like China with highest population base holds the notable Market share in 2017 and it is projected to grow at a gradual rate in the coming years.

Major market players in Screw Compressor Market are GE Oil & Gas, Siemens AG, Atlas Copco AB, Howden Group Ltd, Ingersoll-Rand PLC, Hitachi Ltd., Kobe Steel Ltd., Man SE, Gardner, Denver Inc., Sullair LLC, and other brief information of 10 more companies will be provided in the report. Product up-gradation to cater changing demand of end users. Similarly, growth strategies such as acquisition & merger were few techniques adopted by most of the top players in last 5 years.

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SWOT Analysis of Screw Compressor Market:
Strength:
Increasing energy consumption due to infrastructure developments
Weakness:
User resistance to adapt to updated technology
Opportunities:
Increasing industrialization in developing countries
Threats:
Maintaining stringent Market standards

Segmentation done on the basis of Market include Automotive, Oil & Gas, Power Plants, Chemicals & Petrochemicals, Food & Beverage, Mining & Metals; of which the Oil & Gas segment is expected to hold the highest Market share during the forecast period.

Screw Compressor Market Segmentation:
By Market Sector
*Automotive
*Oil & Gas
*Power Plants
*Chemicals & Petrochemicals
*Food & Beverage
*Mining & Metals

By Technology
*Portable Screw Compressors
*Stationary Screw Compressors

By Type
*Oil-Free Screw Compressors
*Multi-Stage Screw Compressors

By Region
*North America
o USA
o Canada
*Europe
o Germany
o U.K.
o France
o Italy
o Rest of Europe
*APAC
o China
o India
o Japan
o Rest of Asia-Pacific
*RoW
o Latin America
o Middle East & Africa

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About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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