Press release
Screw Air End Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region| Atlas Copco Group, Ingersoll Rand Inc., Hitachi Ltd., Kaeser Compressors Inc., Elgi Equipments Ltd., Howden UK Limited
Screw Air End Market Characteristics
The Business Research Company offers in-depth market insights through Screw Air End Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The screw air end market size has grown strongly in recent years. It will grow from $3.99 billion in 2023 to $4.19 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to industrial growth, energy efficiency needs, reliability and durability, end-user industries, replacement market..
The screw air end market size is expected to see strong growth in the next few years. It will grow to $5.16 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to industry 4.0 integration, sustainability focus, digitalization and iot, rising energy costs, aftermarket services, market expansion.. Major trends in the forecast period include collaborations and partnerships, emission regulations, compact and portable designs, sustainability drive.
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Market Segmentation:
The screw air end market covered in this report is segmented -
1) By Type: Belt Drive, Gear Drive
2) By Stage: Single Stage, Two-Stage, Multi-Stage
3) By Technology: Stationary, Portable
4) By Capacity: Up to 5 HP, 5-50HP, 50-250HP, Above 250HP
5) By End-Use: Oil and Gas Industry, Chemical Industry, Energy and Transmission, Automotive and Aerospace, Mining and Minerals, Other Manufacturing Industries
Major Driver - Soaring Demand For Air Compressors Ignites Screw Air End Market Growth
The increasing demand for air compressors is expected to propel the growth of the screw air end market forward. An air compressor is a mechanical device that transforms electricity into potential energy stored in compressed air. The screw air end is used to produce continuous, steady airflow in an air compressor; as a result, increasing demand for air compressors increases the demand for the screw air end market. For instance, according to the US Bureau of Labor Statistics, the producer price index of air and gas compressors in the United States increased from 247.3 in 2020 to 313.3 in 2022. Therefore, the increasing demand for air compressors is driving the growth of the screw air end market.
Competitive Landscape:
Major companies operating in the screw air end market report are Atlas Copco Group, Ingersoll Rand Inc., Hitachi Ltd., Kaeser Compressors Inc., Elgi Equipments Ltd., Howden UK Limited, Kobelco Construction Machinery America LLC, IHI Rotating Machinery Engineering Co. Ltd., Anest Iwata Corporation, Fu Sheng Industrial Co. Ltd., Eaton Compressor & Fabrication Inc., Rotorcomp Verdichter GmbH, MAN Energy Solutions SE, Bauer Kompressoren GmbH, Boge Kompressoren Otto Boge GmbH & Co. KG, Baker Hughes a GE company, Siemens AG, KAESER Kompressoren SE, Aerzener Maschinenfabrik GmbH, Sullivan-Palatek Inc., VMAC Global Technology Inc., Rogers Machinery Company Inc., Gardner Denver Holdings Inc., Quincy Compressor LLC, Sullair LLC, Mattei Compressors Inc., Mitsui Seiki (U.S.A.) Inc., Hanbell Precise Machinery Co. Ltd., GHH RAND GmbH, Ceccato Aria Compressa S.r.l., Mark Compressors S.p.A., Hertz Kompressoren GmbH, Airpol Inc., ABAC S.p.A., Worthington Creyssensac S.A., Alup Kompressoren GmbH, Bolaite (Beijing) Compressor Co. Ltd., Fuda Air Compressor Co. Ltd., Kaishan Compressor Co. Ltd., Denair Compressor Co. Ltd.
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Top Trend - Elgi's Breakthrough Innovations Set New Standards In Screw Air End Market
Product innovations are a key trend gaining popularity in the screw air end market. Major companies operating in the market are focused on innovating new products to strengthen their market position. For instance, in November 2021, ELGi, an India-based air compressor manufacturer, introduced its innovative range of air compressors, the ELGi AB 11-22 kW, with additional features to the series of oil-free screw air compressors. This AB series provides energy savings, effective moisture separation, a smart cooling system, and optimal capacity control, resulting in immediate power consumption savings. The product is designed to provide various air compression solutions that are used in various industrial sectors, such as manufacturing, food and beverage, pharmaceuticals, and dairy.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Screw Air End Market Characteristics
3. Screw Air End Market Trends And Strategies
4. Screw Air End Market - Macro Economic Scenario
5. Screw Air End Market Size And Growth
…..
27. Screw Air End Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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