Screw Conveyors Market: 3.46% CAGR to 2020 Driven by APAC and Biomass Production

25 Mar, 2016, 03:30 ET from RnR Market Research

PUNE, India, March 25, 2016 /PRNewswire/ --

According to the screw conveyors market report, screw conveyors are used in biomass production, since they can convey and store various materials such as ground meal, wet cake, and distiller's dried grains with soluble such as distiller's dried grains with soluble (DDGS). Screw conveyors are robust and simple to operate; can be maintained easily; are low-cost; and offer a versatile conveying capability while handling bulk solids. These features make the screw conveyors best suited for biomass production applications. Due to these properties, it is widely used in biomass production.

Complete report on screw conveyors market spread across 65 pages, analyzing 5 major companies and providing 34 data exhibits is now available at http://www.rnrmarketresearch.com/global-screw-conveyors-market-2016-2020-market-report.html.

The analysts forecast global screw conveyors market to grow at a CAGR of 3.46% during the period 2016-2020. Screw conveyors have extensive applications in the brewing industry for hops and grain storage and for conveying these materials. Many countries in APAC including India and China are undergoing rapid economic development which has resulted in higher disposable income of the people, resulting in the tremendous growth of the beer market in the region. With the beer market in APAC experiencing high growth, there will be an augmented demand for screw conveyors over the forecast period.

In this market research report, the analyst has estimated that the presence of eminent factors like the increasing demand for precision farming to bolster the growth prospects of screw conveyors market until the end of the forecast period. 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 rail car or dump truck systems, 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 removal of mechanical moisture. Therefore, the growth in precision agriculture sector is expected to drive the demand for screw conveyors until the end of 2020. Order a copy of Global Screw Conveyors Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=514402.

Segmentation by End-User and Analysis of the Screw Conveyors Market - Mining and cement industry, Agriculture industry, Food and beverage industry and Solid waste management industry

In this market study, the analysts have estimated the mining and cement industry segment to be the largest market for screw conveyors and is expected to account for more than 28% of the market share by the end of 2020. In the mining industry, screw conveyors are used for many purposes including conveying, blending, and mixing salt, coal, lime, and other materials. Most applications of screw conveyors in this industry require stainless steel conveyors to withstand the corrosive effect of certain salts and wet coal.

During 2015, APAC dominated the screw conveyors market and accounted for more than 40% of the market share. Significant economic development in most APAC countries has led to a demand form for screw conveyors in the mining industry. Furthermore, the rise in the number of food and beverage industry and a boom in the agriculture industry in the region is expected to have a positive impact on the demand for screw conveyors over the forecast period.

Key players in the global screw conveyors market: Continental Screw Conveyor, Conveyor Engineering and Manufacturing, FMC Technologies, KWS Manufacturing, and WAMGROUP. Other prominent vendors in the market are: VAC-U-MAX, Flexicon Corporation, Thomas & Muller Systems, Astro Engineering & Manufacturing, Cyclonaire, and Industrial Screw Conveyor.

Further, the screw conveyors market report states that one of the major challenges faced in the global screw conveyors market is frequent fluctuations in raw material prices.

Another related report is Global Screw Pumps: Market Analysis 2015-2019: the global screw pumps market is projected to grow significantly, posting a CAGR of over 7%, which is triggered by rapid urbanization and industrialization. Browse complete report @ http://www.rnrmarketresearch.com/global-screw-pumps-market-analysis-2015-2019-market-report.html.

Key players in the global screw pumps market: Colfax, ITT Bornemanne, LeistritzPumpen, NETZSCH and PSG. Other prominent vendors in the market are: Alfa Laval, Flowserve, Gardner Denver, IWAKI CO, KRAL, MPD, Pfeiffer Vacuum, Roto Pumps, SEEPEX, SEIM, Settima, and SPX.

Explore other new reports on Machines & Equipment Market @ http://www.rnrmarketresearch.com/reports/manufacturing-construction/machines-equipment.

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