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India Screw Compressors Market Outlook, 2017

India Screw Compressors Market Outlook

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
  • Global and India Brief
    • 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%
  • Market Outlook: India
    • 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
    • Atlas Copco, Ingersoll Rand, ELGI and Kaeser constitute over 80% of the overall market opportunity
    • Of the top 4, Kaeser is 100% import dependent
    • Compressor manufacturers with facilities in India dominate public sector projects
    • Price difference between imported vs. domestic reduces* as power rating specifications increase
  • The Industry going Forward
    • 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
  • Moving on
    • Oil flooded compressors will contribute immensely to growth opportunity from services
    • Total Cost of Ownership the Key to Selling
  • Annexure: Our Services
    • Maximize opportunities from existing products and markets; systematically explore new products, markets, including inorganic Opportunities
    • Our Growth Consulting Canvas

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