The global screw air end market size is projected to reach USD 4,339.6 million in 2024. The market is expected to surge at a CAGR of 4.5% during the forecast period. It is anticipated to attain a value of USD 6,828.7 million by 2034.
Stationary air compressors are a great option for homes or professional shops that don't require the unit to move. Electric stationary pump variants are especially popular as these require less maintenance. These are also suitable for indoor usage and are prominently characterized to be quieter than gasoline-powered models.
| Attributes | Description |
|---|---|
| Estimated Global Screw Air End Market Size (2024E) | USD 4,339.6 million |
| Projected Global Screw Air End Market Value (2034F) | USD 6,828.7 million |
| Value-based CAGR (2024 to 2034) | 4.5% |
Oil-lubricated stationary pumps are extensively used in several industries worldwide. These are expected to generate a revenue of around USD 5,805.8 million by 2034. Stationary pumps strive for a good balance between consistent air compression and reducing energy consumption.
They provide a quiet work environment owing to their minimum vibrations and noise. These pumps are known for highly durable construction that enhances reliability, leading to longer equipment lifespan and decreased maintenance requirements.
The oil and gas industry is a significant consumer of screw air ends, capturing around 28% of the value share in 2024. It is set to expand by 1.4 times the current value in 2034.
Novel air ends are mainly favored for their high efficiency and durability as well as low maintenance requirements. The continuous operations of oil and gas industries require robust equipment and instruments that can withstand the rough environments and extreme conditions present during oil extraction.
The screws are known for their ability to operate efficiently at high pressure. The prominent reason behind the growth of the industry is the rapidly expanding field of compressors. New and enhanced technology provides better performance, simplicity of use, and overall cost reductions.
The rising emphasis on energy efficiency and sustainability has encouraged end-use industries to upgrade to advanced screw air end compressors that offer low energy consumption and reduced environmental impact. The rise of automation and smart manufacturing technologies is projected to augment the adoption of screw air ends equipped with the Internet of Things (IoT) and Artificial Intelligence (AI) capabilities. These smart compressors enable predictive maintenance and remote diagnostic features, which are anticipated to propel demand.
The table below exhibits a comparative assessment of the variations in the projected CAGRs for the screw air end market over the semi-annual periods spanning from the base year (2023) to the current year (2024). The analysis of the compound annual growth rate shows the shifts in the overall performance of the industry and reveals revenue realization patterns.
The examination assists organizations in gaining a better understanding of the industry and its growth trajectory over the years. The first half of the year, or H1, spans from January to June. The second half, H2, includes the months from July to December.
Numbers showcased in the table below suggest the anticipated CAGR for the screw air end market over the semi-annual period starting from 2024 to 2034. In the first half (H1) of 2023 to 2033, growth is predicted to remain moderate at a CAGR of 3.9% followed by a surge in the second half (H2) where the CAGR is expected to be 5.2%.
| Particular | Value CAGR |
|---|---|
| H1 | 3.9% (2023 to 2033) |
| H2 | 5.2% (2023 to 2033) |
| H1 | 4.2% (2024 to 2034) |
| H2 | 4.9% (2024 to 2034) |
Progressing to the ensuing period, from H1 2024 to H2 2034, the CAGR is projected to decrease slightly to 4.2% in the first half (H1) and further increase steadily to 4.9% in the second half. In the first half (H1) the industry witnessed a surge of 30 BPS while in the second half (H2), it showcased a decrease of 30 BPS.
Surging Manufacturing of Tier-4 Engines to Improve Fuel Economy Boosts Growth
Tier-4 engines comply with stringent emission regulations and are hence becoming essential in various industrial applications to reduce environmental impact and increase efficiency. These advanced engines demand reliable and high-performance compressed air systems, thereby prompting the installation of screw air ends.
The air ends are known for their cost-effectiveness and high working efficiency. The collation between Tier-4 engines and screw air end ensures optimized performance. They also assist in achieving fuel economy. This combination is beneficial in several fields, such as construction, mining, and agriculture where instruments, equipment reliability, and functioning are important.
The push toward a Tier-4 engine signifies a focus on adopting advanced technologies and eco-friendly solutions in industrial machinery. As companies work toward meeting regulatory standards and improving their environmental goals, the demand for screw air ends along with Tier-4 engines is set to rise.
Rising Demand for Oil-free Systems in End-use Industries Drives Sales
The rising demand for oil-free systems that deliver improved precision, efficiency, and capacity is driving the need for screw air end compressors. These systems are essential owing to their ability to enhance performance while limiting the risk of oil consumption. These are ideal for industries where air purity is important, such as pharmaceuticals, food and beverages, and electronics.
The potential cost saving from eliminating auxiliary equipment like oil filters and separators also contribute to the growth of oil-free screw air ends. This reduction in extra components lowers the total maintenance cost. The eco-friendly capabilities of next-generation air end combined with their ease of installation boost sales.
Demand to Surge across ASEAN Amid High Need for Smooth Automation
Rapid industrialization in emerging countries has increased sales of rotary and reciprocating air compressors. Screw air end compressors are being deployed in cities across Asia Pacific, Africa, and South America by several manufacturers.
China, India, and a few other countries from ASEAN are considered key manufacturing hubs for screw air end compressors. Industry analysts project a surge in their adoption in the coming years.
It is highly attributed to the fast-paced industrialization in these areas, which has led to an increasing demand for efficient air compression solutions. Screw air end compressors are known for high performance and are well suited to meet the requirements of increasing industrial operations.
The compressors further facilitate smooth automation, thereby contributing to improved process control, reduced manual intervention, and enhanced efficiency. This technological shift supports economic growth and aligns with global trends towards smart manufacturing.
Shift of Small-scale Firms toward Affordable Substitutes Can be a Hindrance
The higher capital cost of screw air end compressors compared to conventional compressors is a prominent restraint for their adoption, especially across small and medium-sized companies with limited capital. The advanced components used in screw air end compressors contribute to the high price.
Features such as oil-free designs, integrated control systems, and enhanced energy efficiency require sophisticated engineering and materials that drive up the total cost. For several businesses, the initial investment in these compressors can be a financial burden, making it difficult to invest despite long-term savings in operational and maintenance costs.
The global screw air end market size was USD 3,832.6 million in 2023. The industry recorded a CAGR of 2.2% during the historical period between 2019 and 2023. The growth of the industry was positive as it reached a value of USD 4,180.1 million in 2023.
The industry faced a slowdown in 2020 owing to the COVID-19 pandemic. Not only did the pandemic induce shutdowns across several end-use industries but it also disrupted international trade and the flow of goods that further affected the industry. In the post-pandemic era, cost-effectiveness became a priority for several businesses, which further drove demand for relatively low-cost screw air ends.
The positive growth in the industry was prominently attributed to technological advancements and strategic investments. Leading companies were actively engaging in mergers and acquisitions.
Partnerships with local and regional players were another key factor augmenting growth. This approach enhanced the presence of these companies and allowed them to leverage their expertise. It also helped them with smooth market penetration and expansion.
The screw air end market forecast anticipates the value to reach around USD 4,339.6 million in 2024. It is expected to surge at a CAGR of 4.5% throughout the forecast period to reach a size of USD 6,828.7 million by 2034.
Few trading barriers are anticipated to facilitate interconnection between emerging economies, thereby boosting cross-border trade between countries. This is projected to spur the demand for screw air end compressors. The high energy efficiency of screw air ends aligns with the growing demand for efficient solutions.
Tier 1 companies prominently comprise leaders with a revenue of above USD 450 million. They capture a significant share of 40% to 45% globally. These leaders are characterized by their high production capacity and extensive product portfolio. Organizations in Tier 1 are distinguished by their expertise in manufacturing and a broad geographical reach that is underpinned by a robust consumer base.
They provide a wide range of offerings, including air compressors, vacuum solutions, industrial solutions, and assembly solutions. They have access to the latest technologies and strive to meet regulatory standards, providing superior quality products. Prominent companies within Tier 1 include Atlas Copco, Ingersoll Rand, KOBELCO, and Hitachi.
Tier 2 companies include mid-sized players with revenue ranging between USD 100 to 450 million. They have a presence in specific regions and highly influence local sales. Companies in Tier 2 are characterized by a strong presence overseas and a strong knowledge of the industry.
The organizations may not have access to advanced technology. However, they ensure regulatory compliance of the particular segments and countries. Prominent companies in Tier 2 include IHI Rotating Machinery, Rotorcomp Verdichter GmbH, Sullair, Anest IWATA, and Fusheng.
Tier 3 primarily consists of small-scale companies operating at the local level and serving niche markets. They have a revenue below USD 100 million. These companies are oriented towards fulfilling local demands and are consequently classified within the Tier 3 segment.
They are small-scale players and have limited geographical reach. Tier 3, within this context, is recognized as an unorganized segment, which is characterized by a lack of extensive structure and formalization compared to organized competitors.
The section below offers businesses with an overview of the industry on a country-by-country basis. It contains a detailed examination of the emerging trends and opportunities. This country-specific examination of the dynamics of the industry is likely to assist organizations in understanding the complex nature of the business.
The examination contains key factors, potential challenges, and forecasts impacting the demand, production, and consumption within each country. This section aims to assist companies make informed decisions and develop effective strategies customized to individual countries.
Japan is estimated to emerge as a dominating country in the industry during the forecast period with an estimated CAGR of 6.1%. Italy, Spain, and Brazil are projected to follow behind Japan to become the significant countries worldwide with projected CAGRs of 5.8%, 5.6%, and 5.3%, respectively.
| Countries | CAGR 2024 to 2034 |
|---|---|
| Japan | 6.1% |
| Italy | 5.8% |
| Spain | 5.6% |
| Brazil | 5.3% |
| India | 5.1% |
Japan is predicted to be a leading country in the East Asia screw air end market during the forecast period. The presence of the world's most prominent manufacturers will likely assist the country's progress.
The country’s robust manufacturing industry, combined with its reputation for innovations, strict quality checks, and precision engineering positions it as a key player in the global screw air end compressor market. This is because these air-end compressors offer superior performance, reliability, and energy efficiency.
Japan signifies a growing demand for efficient air compression solutions across various industries such as automotive, electronics, and general manufacturing. The country’s position in the field of screw air ends demonstrates its leadership in driving innovation and efficiency in air compression technology.
The United States is expected to showcase steady growth over the forecast period. This is owing to the development of new and innovative products that involve the participation of the country's leading companies.
The growth of the industry in the United States is primarily attributed to the rising demand for efficient air compression solutions across fields like manufacturing, automotive, and aerospace. Advancements in technology, such as oil-free designs and integrated control systems are increasing sales in the country as companies are offering improved performance and effective solutions. The positive outlook for the United States reflects its resilience and adaptability to evolving industry trends and technological evolutions.
Rapid adoption of automation in India is driving demand across various end-use industries in the country. Automation heavily depends on pneumatic systems that require compressed air for their operations. As industries automate, they are expected to have an ever-rising requirement for screw air end compressors.
The country is anticipated to witness a surging demand for stationary air compressors. This rise in demand is attributed to their higher capacity and larger power sources compared to portable products.
The section below provides companies with insightful data and analysis of the two leading segments of the target industry. Segmentation of these categories assists organizations in understanding the dynamics of the market and investing in the beneficial zones.
Examination of the growth of the segments allows companies to gain an understanding of the trends, opportunities, and challenges present in the market. This data is likely to help them navigate the complex business environment and make informed decisions.
In terms of capacity, the 300 HP to 500 HP segment is projected to dominate with a value share of 40.3% in 2024. The multi-stage segment is anticipated to emerge as the leading stage type with a value share of 48.4% in the same year.
| Segment | 300 HP to 500 HP (Capacity) |
|---|---|
| Value Share (2024) | 40.3% |
The 300 HP to 500 HP segment dominates in terms of value, accounting for 40.3% of the share in 2024. The significantly higher prices of 300 HP to 500 HP products over other capacities can however hamper demand to a certain extent. According to estimates, screw air ends with a capacity of 300 HP to 500 HP can cost up to 6 times more than other capacities.
The segment, however, is projected to witness a value CAGR of 5.4% during the forecast period backed by the increasing demand from various industries. Ongoing integration of features, such as remote monitoring, predictive maintenance, and self-diagnostics is anticipated to bolster demand.
| Segment | Multi-stage (Stage Type) |
|---|---|
| Value Share (2024) | 48.4% |
The multi-stage segment is anticipated to rise at a CAGR of 4.9% during the forecast period from 2024 to 2034. These compressors work by compressing air in multiple stages. Each stage brings the air to a higher pressure. This process enhances the efficiency and performance of the compressor.
One of the key benefits of multi-stage compressors is their ability to deliver high-pressure outputs while maintaining low temperatures. By dividing the compression process into stages, these compressors reduce the risk of overheating and improve overall performance. This quality is particularly useful in industries that have high chances of inflammability.
The dominance of multi-stage compressors in the market is also attributed to their high adaptability and versatility. These can be customized to meet specific industry requirements, providing tailored solutions for various applications. The superior performance, energy efficiency, and adaptability of multi-stage compressors solidify their leading position across the globe.
Key players operating in the screw air end industry, including Atlas Copco, Ingersoll Rand, Hitachi Ltd., KOBELCO (KOBE Steel), and KAESER are investing in technological advancements to make energy-efficient compressors. These players are entering into partnerships and collaborations to expand their market reach. Key screw air end providers have been acquiring small-scale players to penetrate across multiple regions.
Manufacturers are actively engaging in developing new technologies to enhance the functioning of oil-lubricated compressors. They are trying to expand electric compressors amid the rising trend toward environmental safety.
Increasing investments in industrial automation are expected to further propel sales of screw air ends. It is estimated that the adoption of low-code technologies is likely to be accelerated by a rise in enterprise-wide hyper-automation and composable business initiatives.
Businesses are looking to expand their reach into new markets. They are pinpointing regions that are estimated to have high growth rates in the industry. Asia Pacific is expected to dominate during the forecast period. This is owing to the presence of prominent manufacturers in the region.
North America is also anticipated to create new opportunities for key companies owing to increasing manufacturing activities in the region. The well-developed oil and gas industry in the Middle East is also set to witness a high demand for these air-end compressors.
Industry Updates
Based on capacity, the industry is divided into up to 5 HP, 5 HP to 25 HP, 25 HP to 50 HP, 50 HP to 150 HP, 150 HP to 300 HP, and 300 HP to 500 HP.
By technology, the industry is divided into stationary technology and portable technology. Both segments are further segregated into oil-lubricated and oil-free.
Based on stage, the industry is classified into single-stage, two-stage, and multi-stage.
By driver type, the industry is divided into liquid-driven, gas-driven, and electric-driven.
Based on type, the industry is segmented into belt drive and gear drive.
The industry is spread across North America, Latin America, Europe, South Asia, East Asia, the Middle East and Africa, and Oceania.
The industry is anticipated to reach USD 4,339.6 million in 2024.
The industry is estimated to reach USD 6,828.7 million by 2034.
Atlas Copco, Ingersoll Rand, and KAESER are the leading players.
Japan is expected to lead with a CAGR of 6.1% through 2034.
The industry is projected to grow at a CAGR of 4.5%.
These are designed to produce a consistent flow rate ideal for various industrial applications.
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Screw Air End Market
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