Screw Air End Market
The Screw Air End Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Screw Air End Global Market Report 2024, 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.
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.
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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
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 screw air end market report table of contents includes:
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. Global Screw Air End Market Size and Growth
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31. Global Screw Air End Market Competitive Benchmarking
32. Global Screw Air End Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Screw Air End Market
34. Screw Air End Market Future Outlook and Potential Analysis
35. Appendix
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