Market Overview
The screw Compressor Market is expected to grow with a CAGR of 4.2% during the forecast period 2024-2031.
The global screw compressor market is anticipated to experience a shift in demand driven by current trends. Specifically, the exploration of new offshore oil fields in South America and Africa is expected to boost demand from these regions in the short to medium term.
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Market Growth Trends
Rapid Increase in Demand for Rare Earth Elements
Modern technologies, including consumer electronics, home appliances, and computers, rely heavily on rare earth elements. As technological advancements continue, the demand for these minerals has surged in recent years. However, with demand growing much faster than supply, rare earth mining activities have ramped up to meet the need.
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Market is segmented
Screw Compressor Market is segmented
By Type: Oil-Free, Oil-Injected
By Stage: Single Stage, Multi-Stage
By Operation: Stationary, Portable
By End-User: Chemical & Petrochemical, Food & Beverages, Mining & Metal, Oil & Gas, Automotive, Power, Others
By Region: North America, Europe, South America, Asia Pacific, Middle East, and Africa
Market Key Players
· Atlas Copco AB
· Ingersoll Rand
· MAN Energy Solution SE
· Gardner Denver
· Kaeser Kompressoren
· Boge Kompressoren
· BAUER COMP Holding GmbH
· Howden Group
· Kobe Steel Ltd.
· Hitachi Compressor (Suzhou) Co., Ltd.
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