South America Screw Compressor Market Size (2024 - 2029)

South America Screw Compressor Market Analysis

The South America screw compressor market is expected to grow with a CAGR of around 2.5% during the forecast period. The COVID-19 pandemic affected the screw compressor market negatively, and the effect was ascribed to the slowdown in industrial activity in the countries like Brazil, Argentina, and Mexico.

• Over the short term, the South America screw compressor market is expected to have an augmented growth due to the growing natural gas demand in countries like Argentina and Brazil, which has led to the growth in natural gas production and the advantages associated with screw compressors like low maintenance costs, high compression ratio, etc.
• On the other hand, the aspects like oil contamination when screw compressors are applied in hot and sour applications are expected to impede the market in the near future.
• Nevertheless, the technological developments that cropped up in the screw compressor industry recently present a golden opportunity for the growth of the market. As an example, the modern screw compressors have a fully-enclosed design that makes them suitable for heat recovery. They can convert 100% of the drawn electrical energy into heat and up to 96% of this energy can be recovered.
• Brazil is expected to have a faster growth during the forecast period due to the growth in the oil and gas and manufacturing industries.

South America Screw Compressor Industry Segmentation

Screw compressors or rotary screw compressors are a type of air compressors that use rotary positive displacement mechanism. They are used in applications where large volumes of high pressure air is required. The South America screw compressor market is segmented by type, application, stage, end-user industry, and geography. By type, the market is segmented into oil-injected and oil-free compressors. By application, the market is segmented into Natural Gas Applications, Process Gas Applications, Process Refrigeration, Fuel Gas Compression, Solution Gas Applications, and Vapor Recovery Compression Systems. By stage, the market is segmented into Single-Stage, and Multi-Stage. By end-user industry, the market is segmented into Manufacturing (Steel, Chemical, Others), Oil and Gas Industry, Mining, Construction, and Others. The report also covers the market size and forecasts for the South America Screw Compressor market across major countries. For each segment, the market sizing and forecasts have been done based on revenue (in USD billion).