Oil Free Screw Blower Market Size, Development, And Forecasts 2021-2031

 

Oil Free Screw Blower Market Outlook 2031

  • The global oil free screw blower market was valued at US$ 590.5 Bn in 2020
  • It is estimated to expand at a CAGR of 5.4% from 2021 to 2031
  • The global oil free screw blower market is expected to cross the value of US$ 1 Bn by the end of 2031 

Increasing Application of Oil Free Screw Blowers in Various End-use industries

The global oil free screw blower market is driven by the increasing demand from various end-use industries such as food & beverages, chemicals & petrochemicals, pharmaceuticals, and sewage treatment industries. Oil free screw blowers are popularly used in various applications such as aeration, desulfurization, and combustion. Multi stage oil free screw blowers are cost-efficient as compared to single stage blowers, and widely preferred in wastewater treatment, food & beverage, chemicals & petrochemicals, pulp & paper, and other industries. In addition, wastewater treatment is a major application of oil free screw blower. There is an increasing demand for oil free screw blower from wastewater treatment plants, and is expected to expand at the fastest rate, as it offers the necessary aeration, keeps bacteria suspended, and allows solids to separate from liquids (flocculation). All these factors are necessary for successful wastewater treatment.

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Increasing Efforts of Companies to Gain Market Share

Manufacturers operating in the global oil free screw blower market are focusing on product innovation and development to improve their overall share in global and regional markets. Companies in the oil free screw blower market are focusing on strengthening their product portfolio to mark their presence in the competitive market. The emergence of new technologies and advancement in product development have led to potential revenue benefits for market players. Increasing awareness and implementation of advanced variable speed drive (VSD) and advanced coating technology is also driving the market. Companies are investing in R&D to launch the exclusive collection of oil free screw blowers. Moreover, the increasing popularity of oil free screw blowers in end-use industries is expected to boost the market during the forecast period.

Growing Awareness about Advantages of Oil Free Screw Blowers

Increasing applications of the multi stage oil free screw blower in various sectors is expected to accelerate the market growth during the forecast period. Market players are targeting the overall distribution of the products through various networks. The growing investment for the expansion of direct and indirect distribution networks through strategic partnerships and agreements is expected to fuel the overall growth of the oil free screw blower market during the forecast period.

The oil free screw blower has the ability to increase efficiency and minimize the energy usage across production processes, thus reducing electricity cost. In addition, oil free screw blowers are used to reduce the CO2 emission. All these factors are contributing to the demand for oil free screw blowers.

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Value-grab Opportunities for Oil Free Screw Blower Market Players in Asia Pacific

The Asia Pacific is expected to account for a major share of the global oil screw blower market. There is an increasing presence of key market players operating in India and China in the oil free screw blower market. Market players are focusing on rising opportunities due to increasing demand from various end-use industries. Asia Pacific is offering potential growth opportunities for manufacturers operating in the oil free screw blower market. In addition, rising demand for high-efficiency oil free screw blowers from wastewater treatment, penetration of several local players, and innovation in product development are some of the factors driving market growth. Increasing investments by governments of is also leading to the rapid expansion of the market. In Asia Pacific, companies are focusing on expanding their geographical reach to stay ahead in the market and fulfil the rising demand of customers.

Oil Free Screw Blower Market: Overview

  • According to Transparency Market Research’s latest research report on the global oil free screw blower market for the historical period 2017, 2018, and 2019, and the forecast period 2021–2031, increasing application of oil free screw blowers in a wide range of industries is expected to accelerate the oil free screw blower market across the globe
  • Oil free screw blowers are observing demand in food & beverages, chemicals & petrochemicals, pharmaceuticals, and sewage treatment industries due to their use in various applications such as aeration, desulfurization, and combustion. There are two types of oil free screw blowers: single stage and multi stage.
  • Oil free screw blowers are gaining popularity among industries due to rising energy and environmental issues. Thus, demand for oil free screw blowers is expected to increase across the world.

Oil Free Screw Blower Manufacturers Focusing on Product Innovation and Development to Improve Overall Share

  • Many companies are focusing on strengthening their product portfolio across segments through innovation and improved capital metrics. Manufacturers have started making oil free screw blowers with advanced variable speed drive (VSD) technology, and advanced coating technology. Moreover, investing in expansion of direct and indirect distribution networks through strategic partnerships and agreements is expected to drive the overall growth of the oil free screw blower market during the forecast period.
  • An oil free screw blower has numerous advantages, one of which is that it increases the efficiency and minimizes energy use across the production process, thus reducing electricity cost. Another advantage is that it helps in reducing CO2 emission. All these factors have resulted in an increase in demand for oil free screw blowers, and the market is expected to rise at a significant rate throughout the projected period.
  • However, massive slowing of the supply chain, falling business confidence, stock market volatility, and growing panic among the population & uncertainty about the future due to the COVID-19 pandemic is anticipated to act as a market restraint during the forecast period
  • Nevertheless, rapid economic growth and industrialization creates lucrative opportunities for manufacturers of oil free screw blowers

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