The most recent study conducted by Report Ocean, titled “Global Japan Screw Compressor Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Japan Screw Compressor. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
The Japan Screw Compressor market held a market value of USD 423.09 Million in 2021 and is forecasted to reach USD 860.26 Million by the year 2030. The market is anticipated to witness a growth rate of 8.34% over the projected period. Approximately 205 thousand units of screw compressors were sold in Japan in 2021.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Screw Compressor are positive displacement compressors, which use two spiral screws for compressing the gas. The market is majorly driven by the increasing infrastructural investment in petrochemical & refinery sectors and growth of industries such as pharma, F&B, & textile sectors. However, decrease in demand of fossil fuels are expected to negatively impact the market growth.
Growth Influencers:
Growth of industries such as pharma, F&B, and textile sectors
The pharmaceutical, food & beverages, and textile industries are rapidly growing. Screw compressors find various applications in these industries. For instance, in the pharmaceutical industry they are used for bottling/canning/packaging, manufacturing of tablets & capsules, manufacturing of creams, ointments, gels & syrups, fermentation, instrumentation air, and wastewater treatment. In the F&B industry, they are used for packaging movement, food mixing, air filtration, and pumping fluids. In the textile industry, they are used for spinning & ginning mills, air-jet spinning & weaving, man-made fiber production-partially oriented yarn (POY) & fully oriented yard (FOY), texturing units & adding details to materials, winding & dying of non-woven materials, pneumatic transport of PET chips & powering cleaning tools, and wastewater treatment. Therefore, varied range of applications of screw compressors in the F&B, textile, and pharma industries along with the growth of these industries is anticipated to drive the market growth.
Segments Overview:
The Japan Screw Compressor market is segmented into type, stage, design, distribution channel, and end user
By Type,
? Oil-Injected Screw Compressors
? Oil-Free Screw Compressors
The oil-injected screw compressors segment accounted for 60% market share i.e. major share of the market in 2021. This is owing to their high usage in mining & processing plants, road side construction, and automobiles for reducing production delays as well as costly downtime. On the other hand, the oil-free screw compressors segment witness the fastest growth rate of around 8.75% over the forecast period owing to the requirement of oil-free and clean air in pharmaceutical, food & beverage, textile, and electronics industry, among others.
By Stage,
? Multi-Stage
? Single-Stage
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The single-stage segment accounted for the large market share of over 65% owing to their increasing demand in the manufacturing and oil & gas sectors. The multi-stage segment is also expected to witness significant growth.
By Design,
? Stationary
? Portable
The stationary segment holds an opportunity of USD 250.78 million during 2022 to 2030 owing to their increasing use in pharmaceutical industry. The portable segment is also likely to witness significant growth owing to various technological advancements.
By Distribution,
? OEMs
? Aftermarket
The OEMs segment is anticipated to witness the fastest growth rate of around 8.53% from 2022 to 2030, as the components are mostly assembled in the OEM, before the final product is made.
By End User,
? Oil & Gas
? Chemicals & Petrochemicals
? Food & Beverage
? Automotive
? Power Plants
? Mining & Metals
? Others
The oil & gas segment is estimated to hold the highest revenue share of around 35% in 2021 owing to the growing use of screw compressors in various applications of the oil & gas industry, such as vapor recovery, gas handling, fuel gas boosting, and flash gas processing, among others. The food & beverage segment is estimated to witness the fastest growth rate of about 9.26% over the forecast period owing to the increasing demand of screw compressors for food processing as well as packaging.
Competitive Landscape
Key players operating in the Japan Screw Compressor market include Hitachi Ltd., Siemens, GE Oil & Gas, Man Diesel & Turbo, Hokuetsu Industries, Sumitomo Heavy Industries, Toyota Industries Corp., and Other Prominent Players.
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These key players are involved in collaborations, new product launches, and mergers & acquisitions to strengthen their market presence. For instance, in April 2021, Hitachi acquired Kyoto Robotics, a start-up focused on developing intelligent robotic systems. This acquisition enabled Hitachi for providing speedy and one-stop robotic systems integration by using advanced and unique technology for a complete automated line in the factory automation and logistics sector.
The Japan Screw Compressor market report provides insights on the below pointers:
? Market Penetration: Provides comprehensive information on the market offered by the prominent players
? Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
? Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
? Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the Japan Screw Compressor market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
? Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
Key inquiries addressed in the report:
- Investigate the COVID 19 outbreak’s effects.
- Our researchers provide unique responses, pinpoint large possibilities and sparkling investments, and advise notable market approach avenues.
These responses will function a complete examination of the:
- The markets’ contemporary infrastructures
- Market possibilities and challenges
- Future manageable for boom in unique industries
- Major geographic and market segments to target, and end-user goal organizations and their workable operational volumes
- Representative and a cost chain possibility breakdown
- Market dimension and increase charge at some point of the expected time frame.
- The market’s predominant riding forces
- Key market tendencies are impeding market expansion.
- Obstacles to market expansion.
- Market’s pinnacle merchants.
- Thorough SWOT evaluation
- Threats and opportunities confronted with the aid of the modern-day carriers in the international market.
- Trending elements that have an effect on the markets in the more than a few regions.
- Initiatives with a strategic focal point on the pinnacle vendors.
- PEST learn about of the 5 principal market regions.
Here the file gives small print on import and export, production, earnings, and important gamers throughout all areas examined. It covers vital manufacturers, tremendous market segments, the vary of items on provide in the world market, years are taken into account, and lookup goals.
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