Screw Compressor Market Revenue Share Analysis, Region & Country Forecast, 2030
Screw Compressor Market Analysis Screw Compressor Market is projected to grow at a CAGR of 5.73% during the forecast period (2022 - 2030). Key Boosters and Main Challenges Screw compressors find extensive applications in the gas industry for flare elimination, vapor recovery and gas transfer. These compressors can withstand adverse weather conditions, have simple designs and are easy to maintain, their demand is expected to boom significantly in the gas industry, for gas gathering and transfer in remote locations. The mounting demand for energy efficient compressors and the emergence of key end-users such as F&B, textile and pharma, can also benefit the screw compressor market. The lower operation and maintenance costs are another plus point of screw compressors that boost its demand in the market. Frequent technological innovations as well as upgradations for increasing the efficiency of screw compressors also speed up the market momentum. The higher spending by ...