South Korea Oil Lubricated Screw Compressor Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 0.7 Billion by 2030, growing at a CAGR of 4.3% from 2024 to 2030.
The South Korea oil lubricated screw compressor market has been growing steadily due to its increasing demand across multiple industrial sectors. These compressors, known for their reliability and efficiency, use oil as a lubricant to minimize friction, ensuring smooth operation under heavy-duty conditions. Their versatility in various applications such as automotive, manufacturing, and HVAC systems has made them a popular choice in the country’s industrial landscape.
One of the key factors contributing to the rising demand for oil lubricated screw compressors in South Korea is the country’s strong industrial base. Industries such as automotive, electronics, and construction require high-performing compressors to maintain operations. For instance, automotive plants rely heavily on compressed air systems for tools, equipment, and assembly lines. The oil lubricated screw compressor market is seen as a preferred solution due to its ability to deliver consistent, high-quality air under demanding conditions.
Another significant factor driving the market is the country’s focus on technological advancement. South Korean manufacturers are adopting more efficient and durable equipment to reduce operational costs and increase productivity. The oil lubricated screw compressor’s ability to operate continuously with minimal maintenance makes it an attractive investment for industries aiming to boost their operational efficiency.
The HVAC sector is also a major contributor to the demand for oil lubricated screw compressors. With the growing need for efficient cooling and air conditioning systems in both residential and commercial spaces, these compressors have become vital for maintaining optimal air quality and temperature control.
Moreover, the rise in industrial automation and the expansion of the infrastructure sector further enhance the requirement for oil lubricated screw compressors. The market is expected to see continued growth as more industries shift towards adopting advanced technologies that improve operational output and reduce energy consumption.
As the South Korean market continues to evolve, the oil lubricated screw compressor market stands out as a critical component in meeting the demands of an industrialized economy. Businesses across multiple sectors are increasingly recognizing the benefits of these compressors, from efficiency and cost savings to enhanced system performance, which is fueling the growth of the market.
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ELGi
Patton's
ANEST IWATA Corporation
BOGE AIR
ALUP Compressors
Cleveland Compressed Air Services
Beijing Beneair Technology
Air Equipment
Quincy Compressor
Compressed Gas Technologies
KAESER Kompressoren
EU COMP
Typhoon Compressor
Ingersoll Rand
Crownwell
CompAir
Team Air Power
Compressor Science
Aerzen
Shanghai United Compressor
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Oil Lubricated Screw Compressor Market
Industrial Manufacturing
Automotive
Mining and Construction
Oil and Gas
Power Generation
Single-Stage Compressors
Multi-Stage Compressors
Up to 1000 CFM
1000 to 5000 CFM
Above 5000 CFM
Oil and Gas Industry
Food and Beverage Industry
Pharmaceutical Industry
Textile Industry
Chemical Industry
Oil Flooded
Oil-Free
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Oil Lubricated Screw Compressor Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Oil Lubricated Screw Compressor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Oil Lubricated Screw Compressor Market, By Type
6. South Korea Oil Lubricated Screw Compressor Market, By Application
7. South Korea Oil Lubricated Screw Compressor Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Oil Lubricated Screw Compressor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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