Industry Updates:
Sep 2017 Elgi Equipment, which is in the business of manufacturing and supplying compressors to automotive OEMs and suppliers for their production facilities, have recently introduced ‘Air Alert’, which is an Industry 4.0 initiative. The Air Alert initiative is a SIM card- based communication system that can track multiple parameters within a compressor. The company has asserted that system will monitor the data and deliver insights to customers on service, occasions for energy efficiency, and air consumption good practices. Air Alert will be made available as a free-of-cost standard offering to all Elgi screw air compressor customers.
April 2017 Fujian Snowman which is a China based producer of commercial and industrial equipment and refrigeration systems, is planning to enter the North American market with a range of high-efficiency compressors intended for natural refrigerants. One major example was the SRS-1210S which is a semi-hermetic two-stage screw compressor. The compressor can be used in freeze-drying, quick-freezing, ship refrigeration and ultra-low-temperature cold storage. It includes a VI capacity control and variable-speed drive.
Market Highlights
Screw compressor has an increasing demand in industries like mining & metals, automotive, food & beverages, oil & gas, and chemical & petro chemical industries. As these markets is growing over time will boost up the market for screw compressor. Also Screw compressor can reduce the energy cost and raises the performance. These additional features pushes screw compressor over other compressors in the market. The Global Screw Compressor Market is expected to achieve a significant annual growth rate during the forecast period.
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Global Competitive Analysis
The segment’s considerable transformation due to the prompt growth pace has led to experimentation with many plus points. The competitors in the industry are trying to increase their market share to a considerable size by the effectual employment of their major resources to start growth transformations which can be long lasting. This outlook has permitted the viable implementation of trends which are linked to development and are visibly volume driven. This has led to a boost in diverse ranges and product forms. The industry’s long term growth can be utilized upon by continuous ongoing process improvements and sustaining financial fluidity to spend in the best strategies when they are available.
The significant players of screw compressor include Ingersoll Rand PLC, Atlas Copco, Boge Kompressoren, Howden Group Ltd., GE Oil & Gas, Gardner Denver Inc., Kobe Steel Ltd., MAN Diesel & Turbo and Sullair LLC to name a few.
Key Players
The key players of Global Screw compressor Market report include- Atlas Copco, Ingersoll Rand PLC, Boge Kompressoren, Gardner Denver Inc., Howden Group Ltd., GE Oil & Gas, Kobe Steel Ltd., MAN Diesel & Turbo, Sullair LLC, Siemens AG, and Hitachi Ltd.
Industry Segments
The division of the screw compressor market on an international level on the basis of stage, technology, type and end users. By stage the category is divided into single and multi. The technology category divides the market into portable and stationary. The type segment includes oil-free and oil-injected meanwhile the end-User category includes mining & metals, food & beverage, oil & gas, automotive, chemical & petrochemical and power plant. Increased demand levels experienced from end use industries have been crucial in the development of the market.
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Asia Pacific will be the fastest growing market
Rapid growth of industrialization in China, India, and Japan is expected to drive the market for screw compressor in the region. Screw compressor market will be dominated by the Asia Pacific region in 2014. Middle East & Africa will be expected as a fastest growing market in the forecast period. Demand for screw compressor in the metal & mining and chemicals & petrochemical would drive the screw compressor market in the region.
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