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About 10.1% Of The Global Air Compressor Market Is Made Up Of The Screw Air End Market

09-23-2022 07:31 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

About 10.1% Of The Global Air Compressor Market Is Made Up Of

The screw air end market is projected to grow year-on-year in 3.4% in 2022, reaching a valuation of about US$ 4 Bn. With automation trends gaining traction, increasing adoption of oil-free screw air compressors is one of the key trends which is expected to drive sales in the market. Between 2022 and 2032, demand is expected to increase at a 4.5% CAGR.

Competitive Landscape

Increased acquisition and expansion operations have been observed in recent years to boost the screw air end supply chain. Screw air end manufacturers are also researching and creating new technologies, such as boosting the propensity to resist oil blockage in oil-lubricated compressors and converting them to electric compressors for environmental safety.

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For instance:

• Atlas Copco agreed to buy Geveke B.V. and its subsidiaries, as well as LEWA GmbH and its subsidiaries. LEWA is a prominent diaphragm metering pump, process pump, and complete metering system manufacturer. Geveke sells compressors and designs and installs modern and complex process pump systems.

• GE and IHI signed an MoU to collaborate on developing an Ammonia Gas Turbine Business Roadmap (Ammonia Roadmap) to lower carbon emissions from gas turbine power plants. The focus of joint research and feasibility studies will be on novel techniques to use carbon-free ammonia as a viable power production fuel.

• At the Pintura Industrial Reus S.A. (PIRSA) facility in Calls, Spain, ELGi Compressors Europe, a subsidiary of ELGi Equipments Limited conducted a compressed air system overhaul. PIRSA, a Spanish manufacturer of paints, pavements, coatings, and waterproofing for the food and pharmaceutical industries, enhanced the site's productivity and energy efficiency, saving almost 1,500 EUR per month as a result of the update.

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
o Oil Lubricated
o Oil-Free
• Portable
o Oil Lubricated
o 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

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.

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