Screw Elevator Market Emerging Segments and Regional Markets
A screw elevator is ideally suited to elevate a wide range of bulk materials in various applications such as the food processing industry, agriculture industry, mining and cement industry, and others. Screw elevators are primarily employed for handling various materials that have relatively good flowability. Design simplicity, easy construction, and low maintenance are increasing the preference of end-users for screw elevators. Many countries are focusing on novel ways of increasing agricultural productivity. Therefore, methods such as precision farming help increase the yield from limited areas. Screw conveyors have many applications in precision farming, including in dump truck systems or rail cars and for elevating materials to the top of storage bins. In the agricultural industry, paddle screws are used for mixing product streams, while press screws are used for the removal of mechanical moisture. A screw elevator consists of various components, which include elevator casting, inlet & outlet, drive unit, hanging bearing, and screw blade. Advancements in ongoing research & development activities to develop innovative, effective, and cheaper screw elevators are anticipated to propel the market. Screw elevators are utilized in various application such as cereal processing plants, feed mills, chemical plants, grain storage plants, and foundry shops for mixing machines. Various types of screw elevators are available in the market for end-use industries. They include inclined screw elevators, vertical screw elevators, horizontal screw elevators, and shaftless screw elevators.
The screw elevator market is anticipated to expand at a significant growth rate in the coming years. There has been an increase in the usage of screw elevators in various industries such as food processing, cement, agriculture, coal, slag grinding, chemical plants, and desulfurization industry due to rapid industrialization and technological advancements in manufacturing technologies and processing equipment. These are key factors driving the growth of the market. Additionally, an increase in the consumption of the agricultural products such as cereals and grains worldwide supported by an increase in population is fueling demand for screw elevators. Asia Pacific, spearheaded by India, Japan, and China, is anticipated to account for a significant share of the market. Moreover, screw elevators have various exceptional characteristics such as energy efficiency, better flexibility, and easy handling. Therefore, manufacturers are utilizing the product for growing, harvesting, and processing of agricultural products such as wheat, rice, corn. Furthermore, in the mining industry, screw elevators are used for many purposes including blending, conveying, and mixing lime, coal, salt, and other materials. Most applications of screw elevators in this industry require stainless steel conveyors to withstand the corrosive effect of wet coal and certain salts. Also, hollow and jacketed screws are commonly used to cool fly ash after burning coal. Rapid development and urbanization are anticipated to lead to an increase in demand for mined products, driving demand for screw elevator over the forecast period. However, fluctuations in prices of raw materials is a factor that is expected to limit the expansion of the market. Asia Pacific is anticipated to be a prominent region of the screw elevator market, due to a rise in the income of people living in urban areas, rapid urbanization, and significant rise in industrial applications of screw elevators in the last few years.
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The screw elevator market can be segmented based on type, application, capacity of rotation, and region. Based on type, the screw elevator market can be classified into horizontal screw elevators, shaftless screw elevators, inclined screw elevators, and vertical screw elevators. In terms of application, the screw elevator market can be categorized into agriculture industry, mining & cement industry, food & beverage industry, solid waste management industry, chemical industry, and others. Based on capacity of rotation, the screw elevator market can be divided into 30-45 RPM, 45-60 RPM, 60-95 RPM, 95- 120 RPM, 120-165 RPM, and above 165 RPM. In terms of region, the screw elevator market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Key players operating in the screw elevator market are SPIRAC Engineering AB, Enoitalia Srl, Spirotech-SRD, Industrial Screw Conveyor, Bigtem Makine A.S., KWS Manufacturing, Guttridge Limited, EVOTECH, FMC Technologies, WAMGROUP, FLEXICON Corporation, and Shanghai Zenith Company. Players in the market focus on acquisitions & mergers and business alliances. Active players in the market also focus on innovative technology.
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