Screw Air End Global Market 2023 : By Key Players, Drivers, Trends And Forecast 2032 | Atlas Copco, Ingersoll Rand, Hitachi Ltd., Kaeser Compressors, Elgi Equipments

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Screw Air End Global Market Report 2023 identifies increasing demand for air compressors as the major driver for the Screw Air End market's growth in the forecast period. 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 Observatory of Economic Complexity, an online platform focused on economic activities Globally, air or gas compressors were the world's 132nd most traded product with a trade value of $19.2 billion in 2020.

The global screw air end market size is expected to grow from $3.78 billion in 2022 to $3.99 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The screw air end market is expected to grow to $4.80 billion in 2027 at a CAGR of 4.7%.

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Major competitors in the Screw Air End market are Atlas Copco, Ingersoll Rand, Hitachi Ltd., Kaeser Compressors, Elgi Equipments, Howden UK Limited, Kobelco Construction Machinery America, IHI Rotating Machinery Engineering Co., Ltd., Anest Iwata, Fu Sheng Industrial Co., Ltd., Eaton Compressor & Fabrication Inc., Rotorcomp Verdichter GmbH, MAN Energy Solutions SE, Bauer Kompressoren, Boge Kompressoren, GE Oil & Gas, and Siemens AG.

A key trend in the Screw Air End market includes product innovations. 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.

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The Screw Air End market is segmented -
By Type: Belt Drive, Gear Drive

By Stage: Single Stage, Two-Stage, Multi-Stage

By Technology: Stationary, Portable

By Capacity: Up to 5 HP; 5-50 HP; 50-250 HP; Above 250 HP

By End-Use: Oil and Gas Industry, Chemical Industry, Energy and Transmission, Automotive and Aerospace, Mining and Minerals, Other Manufacturing Industries

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Screw Air End market.

The Business Research Company's "Global Screw Air End Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Screw Air End Market 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
……
26. Africa Screw Air End Market
27. Screw Air End Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Screw Air End Market
29. Screw Air End Market Future Outlook and Potential Analysis
30. Appendix

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