Screw Air End Global Market Report 2024

Screw Air End Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on screw air end market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for screw air end? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The screw air end market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 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
• Companies Mentioned: Atlas Copco Group; Ingersoll Rand Inc.; Hitachi Ltd.; Kaeser Compressors Inc.; Elgi Equipments Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

A screw air end is a vital component found in screw-type compressors, encompassing rotary screw air compressor systems like rotary vane, lobe, and scroll compressors. It serves the critical function of delivering consistent and uninterrupted airflow essential for various industrial operations. These air ends offer several advantages, including low operational costs, reduced maintenance requirements, and energy efficiency, contributing to their durability and reliability even under challenging conditions.

The primary types of screw air ends include belt drives and gear drives. Belt-drive screw air ends are a type of screw-type compressor utilized in rotary screw air compressor systems, driven by a belt mechanism. They are available in different stages such as single-stage, two-stage, and multi-stage, each employing distinct technologies like stationary and portable variants. These air ends come in various capacities ranging from up to 5 hp, 5-50 hp, 50-250 hp, and above 250 hp, catering to diverse end-user industries such as oil and gas, chemical industries, energy and transmission, automotive and aerospace, mining and minerals, among others.

The screw air end market research report is one of a series of new reports from The Business Research Company that provides screw air end market statistics, including screw air end industry global market size, regional shares, competitors with a screw air end market share, detailed screw air end market segments, market trends and opportunities, and any further data you may need to thrive in the screw air end industry. This screw air end market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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%. During the historic period, the growth observed in screw air ends can be attributed to several key factors. These include industrial growth, the increasing demand for energy-efficient solutions within industrial operations, the emphasis on reliability and durability of equipment, the diverse needs of various end-user industries, and the expansion of the replacement market for these components. These elements collectively contributed to the growth and adoption of screw air ends in the historical period.

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%. Anticipated growth in the forecast period within the screw air end industry is expected to result from various factors. These include the integration of Industry 4.0 principles into manufacturing processes, an increased focus on sustainability initiatives within the industry, the adoption of digitalization and Internet of Things (IoT) technologies for enhanced operational efficiency, the impact of rising energy costs driving the need for more efficient equipment, the growing demand for aftermarket services, and the expansion of markets for these components. Key trends projected for the forecast period encompass collaborations and partnerships between industry stakeholders to drive innovation, compliance with stricter emission regulations shaping product development, a trend toward compact and portable designs catering to diverse operational needs, and a heightened focus on sustainability initiatives driving eco-friendly solutions within the industry.

The surge in demand for air compressors is anticipated to drive the growth of the screw air end market. An air compressor, a mechanical device converting electricity into compressed air's potential energy, relies on the screw air end to generate a continuous and steady airflow. The escalating demand for air compressors, as evidenced by the US Bureau of Labor Statistics reporting an increase in the producer price index of air and gas compressors from 247.3 in 2020 to 313.3 in 2022, is a significant factor propelling the screw air end market's expansion.

The expansion of the screw-air end market is poised to receive a boost from increasing investments in industrial automation. Industrial automation involves deploying autonomous systems like robotics and computer software to enhance accuracy and flexibility in controlling machinery and processes across various industries. Developing nations such as China, India, and South Africa, undergoing rapid industrialization and urbanization, are pivotal to supporting the evolving industrial infrastructure. Notably, Gartner, Inc. predicts a 19.6% growth in the global low-code development technologies market, reaching $26.9 billion in 2023, attributing this surge to heightened adoption fueled by increased business technologists, enterprise-wide hyper-automation, and a rise in composable business initiatives.

A prominent trend shaping the screw air end market is the emphasis on product innovations by major industry players. Leading companies are strategically focusing on introducing new products to enhance their market positioning. Case in point, in November 2021, ELGi, an India-based air compressor manufacturer, unveiled its innovative range of air compressors, the ELGi AB 11-22 kW. This addition to the series of oil-free screw air compressors boasts features such as energy savings, effective moisture separation, a smart cooling system, and optimal capacity control, resulting in immediate power consumption savings. Tailored to provide air compression solutions for diverse industrial sectors like manufacturing, food and beverage, pharmaceuticals, and dairy, this product exemplifies the ongoing trend of product innovation in the screw air end market.

Key players in the screw air end market are strategically investing in cutting-edge technologies, exemplified by the development of industrial rotary screw air compressors, to fortify their market positions. The industrial rotary screw compressor, characterized by the utilization of two rotating screws or rotors to generate compressed air, stands out as a notable technological solution. In October 2023, Kaishan USA, a prominent US-based manufacturer of centrifugal and industrial air compressors, introduced the KROF, a novel line of oil-free industrial rotary screw air compressors, showcasing it at the Compressed Air Best Practices (CABP) Expo 2023 and Process Expo 2023. The KROF system, meeting ISO 8573-1 Class 0 specifications, ensures high-quality, oil-free compressed air suitable for delicate applications. Employing two sequential compression stages-intercooling and aftercooling-this innovation enhances purity, meeting the stringent requirements of specific applications.

Atlas Copco, a leading provider of sustainable productivity solutions based in India, made a significant move in August 2022 by completing the acquisition of LEWA GmbH and Geveke B.V. along with their respective subsidiaries. The deal, valued at $668 million (MEUR 670), is aimed at expanding Atlas Copco's presence in the compressor sector. LEWA, a Germany-based company specializing in diaphragm metering pumps, process pumps, and complete metering systems, enhances Atlas Copco's product portfolio. Meanwhile, Geveke, headquartered in the Netherlands, operates within the screw air end market, contributing to Atlas Copco's strategic growth in this segment.

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.

Asia-Pacific was the largest region in the screw air end market in 2023. The regions covered in the screw air end market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the screw air end market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The screw air end market consists of sales of oil-injected screw air ends and oil-free screw air ends. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.