The global screw air end market is set to reach a valuation of US$ 4 Bn in 2022. Expanding at a 4.5% CAGR, the market valuation is set to reach US$ 6.2 Bn by 2032.
Sales of screw air end in the U.S. market are slated to increase at a 3.3% CAGR over the assessment period. Thanks to the development of new and innovative products in the country, the demand for screw air end compressors is expected to increase. According to the study, total sales in the U.S. market will reach US$ 646.4 Mn by the end of 2032.
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.
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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.
“Rising adoption of oil-free compressors, along with growing impact of insutrial automation across emerging economies will augment the growth in the market over the forecast period,” says an FMI analyst.
- 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.
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According to Future Market Insights, growing usage of screw air compressor will significantly augment sales in the oil and gas, energy and transmission, and automotive and aerospace will augment the growth in the market over the forecast period. As the screw air end is a key unit in a rotary screw air compressor, it is responsible for the compression process of the air after the suction.
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.