Screw compressor rental market valued at USD 6.18 billion per
New York, August 17, 2021 (GLOBE NEWSWIRE) – Screw Compressor Rental Market Overview: According to a comprehensive research report from Market Research Future (MRFR), “Screw compressor rental market by type, portability, stage, end user and region – Forecast to 2027 ” The market size is expected to reach $ 6.18 billion by 2027, registering a CAGR of 5.73% during the forecast period (2021 – 2027).
The effect of the COVID-19 outbreak has been very critical to most MSMEs in the assembly area due to the decrease in drills caused by the social separation measures and the lockdown and decreased interest in the neighborhood and around the world due to a monetary slowdown. The impact of the pandemic on the single-stage ventilator is reliable and there is a need to renew it once the mechanical exercises are at pre-COVID levels. This situation is invoked to appear near the furthest limit of the time period of the figure. He also suffered the brunt of the outbreak. Supply chain disruptions, economic situations, fluctuations in the share of demand, as well as the long-term and immediate effect of the COVID-19 pandemic have had a negative effect on the growth of this market. . But following the easing of lockdowns, the market should soon return to normal.
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Major industry players presented in the Global Screw Compressor Rental Industry Report include-
- CAPS Australia (Australia)
- Lewis System (United States)
- Metro Air Compressor (United States)
- United Rentals Inc. (United States)
- Stewart & Stevenson LLC (United States)
- Ingersoll-Rand plc (Ireland)
- Atlas Copco AB (Sweden)
- Aggreko plc (United Kingdom)
- Air Energy Group LLC (United States)
- BOGE COMPRESSORS Otto Boge GmbH & Co. KG (Germany)
- Caterpillar Inc. (United States)
- Kaeser Kompressoren SE (Germany).
The global rotary screw compressor rental market is fragmented and competitive owing to the presence of several key international and domestic players. These players have integrated innovative strategies to stay at the forefront and also meet growing customer demand, including contracts, collaborations, contracts, partnerships, joint ventures, geographic expansions and new product launches. , etc.
Browse the in-depth (115 pages) Screw Compressor Rental market research report
Unexpected power outages to drive market growth
Unexpected power outages coupled with delays in competing with the goals of various industries will drive the demand for pneumatic equipment such as screw compressors.
In addition, the focus on high productivity and process optimization to reduce operation and maintenance costs also add to the rental market share of screw compressors.
Unexpected emergencies to provide solid opportunities
Sudden equipment failure and unexpected emergencies will provide strong opportunities in the market during the forecast period.
High operational cost to act as a market constraint
The high operating cost may act as a market restraint during the forecast period.
High maintenance cost to act as a market challenge
The high maintenance price will be a challenge for the market during the forecast period.
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The global screw compressor market is segmented on the basis of end user, stages, types, and portability.
In terms of portability, the portable segment will dominate the market during the forecast period as a viable solution for both long and short term rental contracts.
By types, the oil injection compressor will dominate the market during the forecast period. These act as insulators to seal the interstices and maintain the temperature during the repetitive actions of industrial machines.
In stages, the multistage compressor will be the market spearhead during the forecast period for its portability and turbo pressure characteristics as well as variable speed drive giving them a suitable advantage.
By end-user, the construction segment will hold the lion’s share of the market during the forecast period for rapid urbanization and migration of people to cities. Air compressors are used in torque wrenches, nailers and screwdrivers. The increased use of compressors for civil engineering, demolition and road construction equipment and infrastructure development is driving the growth of the segment during the forecast period.
APAC to the screw compressor rental market
APAC region will lead this market during the forecast period. The presence of different developing economies such as China, Singapore, South Korea and India, the increase in foreign direct investment and the accelerated initiative, the growing need for services and products due to the increase Disposable income, the steady growth of the mining and chemical industries, and the growth of the construction and general manufacturing industries in China, add to the growth of the screw compressor rental market in the region.
North America to experience admirable growth in screw compressor rental market
North America will experience admirable growth during the forecast period. Resurgence of construction industry, renewal of mining licenses, increasing trend of international companies to invest in regional market are adding to the growth of global screw compressor rental market in region. The United States has the largest market share.
Market segmentation covered by research:
Screw Compressor Rental Market by Type (Oil Injected Screw Compressor, Oil Free Screw Compressor), Portability (Stationary, Portable), Stage (Single Stage, Multi Stage), End User and Region – Forecast until 2027
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