Northrook, IL -- (SBWIRE) -- 12/16/2019 -- The report, "Screw Compressor Market by Type (Oil-free, Oil-injected), Stage, Technology (Portable, Stationary), Industry Application (Manufacturing, Food and Beverage, Automobile, Metallurgy and Mining, Petrochemicals and Chemicals, Oil and Gas, Power Plants, Textile, Construction, Pharmaceutical) – Global Forecast to 2024" suggests, the global screw compressor market size is to expand at a 6.6% CAGR between 2016 to 2021 to reach a value of USD 11.0 billion USD by 2021. The equipment works on the mechanism of positive displacement in rotary types of compressors. The continuous supply of air with minimum fluctuations gives the rotary screw compressor an advantage over the other compressors in the market. Being a relatively new concept, the field has new and lucrative opportunities for manufacturers. These compressors fulfil the high demand for improvement in energy efficiency and lowered costs for such factor among consumers.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=122896617

Oil-free rotary screw compressors are becoming popular over oil-injected rotary screw compressors with a major advantage of the production of clean air or gas. Oil-injected compressors are used widely in heavy-duty industries. Compared to oil-free compressors, oil-injected compressors are heavier and more expensive. Oil-free screw compressors have the benefit of providing the least contaminated air. They are used in various industries, including food processing & packaging, medical & healthcare, pharmaceutical, textile, electrical assembling, and printing industry. The current screw compressor market, however, witnesses a high demand for Oil-injected screw compressors.

The demand for food products, especially processed food has made screw compressors have a promising endeavor in the industry. This popularity is a result of the rising population of the world. The food and beverage industry has shown signs of showing 100% progress in previous times. The use of oil-free screw compressors, which gives clean energy, helps in maintaining the hygienic conditions and retains the quality of the food and beverages that are manufactured.

The Asia-Pacific region is to dominate the global screw compressor market with the highest CAGR rate among the other nations in the forecast period. This growth will be attained by a rise in energy consumption, the presence of manufacturing industries in the region and the ever-increasing industrialization. The increase is driven primarily by China, India, and Southeast Asian countries. Europe and America will also show progress in the market during the forecast period.

Request Sample Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=122896617

The leading manufacturers in the rotary screw compressor market are Ingersoll Rand (Ireland), Atlas Copco (Sweden), Siemens (Germany), and Gardner Denver, Inc. (US). These players are looking at expanding their global foothold by tapping into opportunities in the developing economies.

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com