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.
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.
To Get More Business Strategies For Request Sample Report: https://www.reportocean.us/sample-request/report_id/ARS234
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.
To Get More Business Strategies For Request Sample Report: https://www.reportocean.us/sample-request/report_id/ARS234
By Stage,
? Multi-Stage
? Single-Stage
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.
To Get More Business Strategies For Request Sample Report: https://www.reportocean.us/sample-request/report_id/ARS234
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
The Japan Screw Compressor market report answers questions such as:
? What is the market size and forecast of the Japan Screw Compressor Market?
? What are the inhibiting factors and impact of COVID-19 on the Japan Screw Compressor Market during the assessment period?
? Which are the products/segments/applications/areas to invest in over the assessment period in the Japan Screw Compressor Market?
? What is the competitive strategic window for opportunities in the Japan Screw Compressor Market?
? What are the technology trends and regulatory frameworks in the Japan Screw Compressor Market?
? What is the market share of the leading players in the Japan Screw Compressor Market?
? What modes and strategic moves are considered favorable for entering the Japan Screw Compressor Market?
Request full Report :- https://www.reportocean.us/sample-request/report_id/ARS234
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.
Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel:+1 888 212 3539 (US – TOLL FREE)
Website: https://reportocean.us