The screw air end market is anticipated to grow annually by 3.4% in 2022 and be valued at roughly US$ 4 Billion. One of the key trends that is anticipated to drive market sales is the growing adoption of oil-free screw air compressors as automation trends gain traction.
Demand is anticipated to rise at a 4.5% CAGR from 2022 to 2032. According to FMI, the global screw air end market accounts for roughly 10.1% of the market for air compressors.
Growing demand for technologically advanced and improved compressors is expected to boost sales in the market. Users switch to newer equipment when the technology underpinning screw air end compressors progresses. New and enhanced technology provides better performance, simplicity of use, and total cost reduction. Screw air end compressor owners are required to repair their equipment regularly.
In emerging economies, industrialization has propelled sales of rotary and reciprocating air compressors. Screw air end compressors are being deployed in cities across Asia, Africa, and South America by an increasing number of manufacturers.
Request a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14784
China, India, and South Africa are some of the most lucrative markets for screw air end compressors on the back of rapid industrialization and urbanization. Screw air end compressors are emerging as ideal equipment for automated industrial processes.
Manufacturers are expanding their product lines with new screw air end compressors. These air compressors are designed to be extremely energy efficient; oil-injected screw air end compressors may cut energy usage by up to 50%.
This endeavour improves the compressor’s efficiency by 15%, and it’s meant to take up less space, generate less noise, and give 12 per cent more free air than prior models.
In the Global Screw Air End market categorized based on Technology, the “Stationary” have relative importance than others due to heavy usage in most applications. Stationary compressors are then divided into two segments oil-lubricated and oil-free.
Stationary air compressors are a great option for home or professional shops that don’t need the unit to move. Electric variants are especially popular since they require less maintenance, are suitable for indoor usage, and are quieter than gasoline-powered models.
Request a Complete TOC @ https://www.futuremarketinsights.com/toc/rep-gb-14784
“Rising adoption of oil-free compressors, along with the growing impact of industrial automation across emerging economies will augment the growth in the market over the forecast period,” says an FMI analyst.
Leading Companies Profiled in Screw Air End Market are
- Atlas Copco
- Ingersoll Rand
- Hitachi Ltd.
- KOBELCO (KOBE Steel)
- KAESER
- IHI Rotating Machhinery
- Anest IWATA
- Fusheng
- Eaton Compressor
- ELGi
- Howden
- Rotorcomp Verdichter GmbH
Request to ask an expert here @https://www.futuremarketinsights.com/ask-question/rep-gb-14784
Key Takeaways:
- Based on technology, the stationary compressors segment will create an absolute dollar opportunity of US$ 2 Bn over the forecast period.
- By end-use, the oil and gas sector will offer an absolute dollar opportunity of US$ 431.6 Mn over the assessment period.
- Sales in the U.S. screw air end market are forecast to grow at a 3.3% CAGR through 2032.
- India will emerge as a lucrative market, with total sales surpassing US$ 358.9 Mn by 2032.
Global Screw Air End Market by Category
By Capacity:
- Up to 5HP
- 5 to 25HP
- 25 to 50HP
- 50 to 150HP
- 150 to 300HP
- 300 to 500HP
By Technology:
- Stationary
- Oil Lubricated
- Oil-Free
- Portable
- Oil Lubricated
- Oil-Free
By Stage:
- Single Stage
- Two-Stage
- Multi-Stage
By Driver Type:
- Liquid Driven
- Gas Driven
- Electric
By Type:
- Belt Drive
- Gear Drive
By End-Use:
- Oil and Gas Industry
- Chemical Industry
- Energy and Transmission
- Automotive and Aerospace
- Mining and Minerals
- Other Manufacturing Industry
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- The Middle East and Africa
Competitive Landscape
The screw air end market is consolidated with leading players acquiring around 55% to 65% of the total market share. These players are likely to invest in new technology developments and expansion of their distribution networks to maintain their market presence.
Some of the key players in this industry include Atlas Copco, Ingersoll Rand, KOBELCO, Hitachi, KAESER, IHI Rotating Machinery, and others.
Request Discount @ https://www.futuremarketinsights.com/request-discount/rep-gb-14784
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com