Global Screw Air End market analysis 2024, Forecast To 2033
4 Mar, 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.
Global Screw Air End Market Key Driver
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. The screw air end market is forecasted to reach $X billion by 2023 and is projected to grow to $Y billion by 2028.
Get A Free Sample Of The Global Screw Air End Market ReportGlobal Screw Air End Market Segments
The global 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
By Geography: The regions covered in the screw air end market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
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.
Major Screw Air End Industry Players
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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Screw Air End Market Overview
A screw air end is the crucial element of any screw-type compressor that is used in all rotary screw air compressor systems, including rotary vane, lobe, and scroll. It provides steady and continuous airflow, which is required in various industrial operations, and offers various advantages such as low operation costs, less maintenance, and energy efficiency that often lead to high durability and reliability even in adverse conditions.
Screw Air End Global Market Report 2023 provides data on the global screw air end market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The screw air end market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.