Global Screw Compressor Market to Reach $19.27 Billion by 2032, Fueled by Industrial Growth and Technology Advances
The global screw compressor market is steadily growing, propelled by rising industrialization, increasing demand for energy-efficient systems, and technological innovations in compressor design. Renowned for their reliability and efficiency, screw compressors are essential components across industries such as manufacturing, oil and gas, food and beverage, and pharmaceuticals.
According to recent research, the market was valued at USD 12.18 billion in 2024 and is forecast to grow to USD 19.27 billion by 2032. This represents a compound annual growth rate (CAGR) of 5.9% over the forecast period.
This expansion is primarily driven by industries seeking reliable and energy-saving compressed air solutions to improve operational efficiency and meet environmental standards. As technology advances, screw compressors are becoming more efficient, further boosting their adoption worldwide.
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