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Service Revenues will be Key to Growth
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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)
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