The Global Screw Pumps Market is projected to attain a CAGR of 7.1 % during the forecast period from 2021- 2030.
Screw pump is referred as a type of positive displacement pump which uses two or more screws that intermesh (counter-rotating towards each other) to pressurize the fluids and move them along the axis in a system. Screw pumps are majorly used for pumping corrosive liquids such as acids owing to complete elimination of any leakage because of their compact construction.
The rising demand for screw pumps can be attributed to the growing demand from numerous end-user industry verticals such as food & beverages, water & wastewater, oil & gas, and pharmaceuticals in the upcoming years. Screw pumps are available in several types and sizes owing to their numerous advantages such as maximum flow speed, hard & thick liquid, gases, oil can be easily moved among others. Further, the rising daily volume of natural gas & crude oil and demand for high pumping capacity equipment in numerous verticals is projected to deliver a positive impact to augment the global screw pumps market during the forecast period.
In the oil & gas industries, it can provide a continuous fluids flow for enhanced production and can be the best replacement for vertical turbine pumps owing to its high-pressure capability, precise suction capabilities, low power consumption among others. Further, in the F&B industry, screw pumps help to transfer the powders, granules, or liquids from one tank/vessel to another without any wastage and don’t wear or damage even in the production process. In addition, in the transportation sector, the use of two screw pumps in transportation & storage is to transfer liquids or for wastewater treatments.
The Global Screw Pumps Market is segmented by type, application, and region. Based on type, it is categorized into single-suction screw pump, double-suction screw pump, and other screw pumps. By application, it bifurcates into chemicals, oil & gas, power, food & beverages, storage & transportation, and others. Based on regional insights, the global screw pumps market is categorized into North America (US, Canada, Mexico, Rest of America), Asia Pacific (India, China, Rest of Asia Pacific), Europe (UK, Germany, Russia, Rest of Europe) and Rest of the world (Latin America and Middle East & Africa).
Asia Pacific region is the dominant market for the screw pumps owing to rapid industrialization and urbanization in the developing parts of the region, increase in deep seawater exploration activities, demand for water & wastewater treatment, chemical & power industry along with F&B industry vertical. In addition, better sanitation, food delivery system, and infrastructure in the developing economies are also augmenting the global screw pumps market during the forecast period.
Across the Europe and Middle East & Africa region, with the discovery of shale gas, rapid investment for power generation using alternative energy sources and water & wastewater industries is boosting the market growth in the region.
Prominent players inducing the Global Screw Pumps Market are Alfa Laval Corporate AB, Flowserve Corporation, Hydro Prokav Pumps India Pvt. Ltd., Iwaki Co. Ltd., Leistritz Pumpen GmbH, National Oilwell Varco Inc., Pumpenfabrik Wangen GmbH, Roto Pumps Limited, SPX Corporation, Settima Meccanica S.r.l, Albany Engineering Company Ltd., Colfax Corporation, Gardner Denver Inc., ITT Corporation, KRAL AG, NETZSCH Pumps & Systems, PSG Dover, Roper Pump Company, SEIM S.R.L., and Seepex GmbH among others.
Segmentation and Scope of the Global Screw Pumps Market
Global Screw Pumps Market is segmented by type, application, and region.
Rest of World
Middle East & Africa
Prominent players in the Global Screw Pumps Market among other includes