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Service Revenues will be Key to Growth
15-Jun-2017
Global
Market Research
9AAC-00-3D-00-00
IA01399-GL-MR_20273
While Make-in-India, National Manufacturing Policy (NMP), and Goods & Services Tax (GST) implementation are expected to aid the growth of core sectors thus contributing to new demand for screw compressors, initiatives pertinent to energy efficiency will drive the services market. Renewed supplier/third party focus on augmenting services infrastructure coupled with changing end-user approach to equipment purchase are expected to propel the opportunity landscape for service providers!
This Industry docket evaluates macroeconomic and socio-political developments and analyzes existing and upcoming government policies and their impact on the sector's growth It undertakes an evaluation of key end-user industry drivers, business challenges and short-term investment outlook; also analyzes current market size and competitive scenario for screw compressors. End users considered in this docket are: Oil and Gas (O&G), Petrochemicals, Chemicals and Fertilizers (PCF), Power Generation (PG), Food and Beverages (F&B), Pharmaceuticals (Pharma), Metals and Mining (M&M), General Industrial Manufacturing (GIM - includes electronics, general machinery, fabrication among others), Heating, Ventilation, and Air Conditioning (HVAC), Others (Automotive, Textiles, Water and Waste Water, Plastics, Pulp and Paper, Sugar, among others)
Scope & Limitations
In 2015, global market for screw compressors was $3.0+ B; CAGR expected until 2020 is <4.0%
In 2015, the Indian market for screw compressors was $220.0 M; CAGR expected until 2020 is >6.0%
Oil flooded compressors constitute more than 70% of the overall market opportunity for rotary screw compressors
New product sales constitute more than 70% of the revenues
Oil flooded compressors expected to dominate product and service opportunities
F&B and Pharma feature among the fastest growing sectors
22-145kW ranges offer maximum opportunities for screw compressors
Direct to end-user sales are dominant for compressors
F&B, Pharma and GIM to continue as strongholds for screw compressors; O&G is steady; textiles are upcoming
Up to 145 kW installations dominate the market for screw compressors
The top 4 players constitute over 80% of the overall market opportunity…
… Of these, one is totally import dependent…
Compressor manufacturers with facilities in India dominate public sector projects
Price difference between imported vs. domestic reduces* as power rating specifications increase
Smart technology envisioned to be the future of manufacturing
Brand and price will continue to witness reverse correlation
Energy-efficiency Initiatives and policies will translate to compressor replacement/retrofit opportunities
Spares and service will constitute 25%+ of the overall revenue opportunity, growing year-on-year
Higher operating efficiency, relatively low cost and easy maintenance will translate to greater incidence of screw compressor installations
Oil flooded compressors will contribute immensely to growth opportunity from services
Total Cost of Ownership the Key to Selling
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| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Lightbox Content | Investment Opportunities in India|More growth opportunities|https://store.frost.com/investment-opportunities-in-india.html |
| Author | Virein Kumar Yadlapalli |
| Industries | Industrial Automation |
| WIP Number | 9AAC-00-3D-00-00 |
| Is Prebook | No |
India Screw Compressors Market Outlook, 2017
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