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Written by sujeet rai » Updated on: October 23rd, 2024
IMARC Group's report titled "Screw Pumps Market by Screw Configuration (Single Screw/Eccentric Screw/Progressive Cavity Pumps, Twin Screw Pumps, Three Screw Pumps, Multiple Screw Pumps), Max. Pressure (Up To 16 Bar, 17-35 Bar, 36-50 Bar, 50-80 Bar, Above 80 Bar), Distribution Channel (Direct, Indirect), End Use (Oil and Gas, Power, Water Treatment, Chemicals, Food and Beverages, and Others), and Region 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the global screw pumps market report. The global market size reached US$ 2.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.63% during 2024-2032.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/screw-pumps-market/requestsample
Factors Affecting the Growth of the Screw Pumps Industry:
Technological Advancements:
Innovations in screw pumps benefit in enhancing their operational efficiency, durability, and application versatility, which is impelling the market growth. Advancements in materials engineering are leading to the development of more wear-resistant components, extending the lifespan of screw pumps under abrasive conditions. Design enhancements aimed at reducing maintenance requirements and operational costs are making screw pumps more attractive to industries seeking reliable and low-downtime solutions. Furthermore, the integration of smart technologies for predictive maintenance and performance monitoring allows for real-time adjustments while minimizing the risk of unscheduled shutdowns.
Environmental and Energy Efficiency Concerns:
The rising adoption of more eco-friendly and energy-efficient technologies due to environmental and energy efficiency concerns is supporting the growth of the market. Screw pumps reduce energy consumption, aligning with global initiatives to lower carbon footprints. They also offer superior sealing capabilities, minimizing leaks and spills, which is crucial for industries dealing with hazardous or sensitive fluids. In addition, stringent environmental regulations make screw pumps a popular choice among sectors looking to enhance their sustainability practices without compromising on efficiency.
Thriving Oil and Gas Sector:
The escalating demand for screw pumps in the oil and gas industry on account of their ability to handle a wide range of fluid viscosities and compositions, including crude oil, multiphase mixtures, and gas-liquid combinations, is bolstering the growth of the market. Their design allows for the smooth, continuous, and pulsation-free transfer of fluids, making them ideal for applications, such as crude oil transportation, offshore drilling operations, and upstream and downstream processing. The reliability and efficiency of screw pumps in handling abrasive and viscous fluids with minimal wear and tear make them valuable in ensuring operational continuity and efficiency for the extraction, processing, and distribution of oil and gas.
Leading Companies Operating in the Global Screw Pumps Industry:
Screw Pumps Market Report Segmentation:
By Screw Configuration:
Single screw/eccentric screw/progressive cavity pumps represent the largest segment, which can be accredited to the rising focus on handling challenging fluids without compromising their integrity.
By Max. Pressure:
Above 80 bar holds the biggest market share as it has high-pressure handling capabilities.
By Distribution Channel:
Indirect accounts for the largest market share due to the increasing need to ensure smooth operations and productivity.
By End Use:
Oil and gas exhibit a clear dominance in the market on account of the rising focus on transferring various fluids, including crude oil, refined products, and drilling mud.
Regional Insights:
Asia Pacific enjoys a leading position in the screw pumps market, which can be attributed to the increasing industrial automation.
Global Screw Pumps Market Trends:
The rising adoption of screw pumps in the wastewater treatment sector, as they can transport sludge and other viscous fluids containing solids and debris efficiently, is impelling the market growth. Their design minimizes the risk of clogging and ensures a consistent flow, which is essential for the various stages of wastewater treatment processes, including sludge thickening, dewatering, and the handling of treated effluent. Screw pumps offer enhanced operational reliability and have low maintenance requirements, making them an ideal choice for wastewater treatment facilities.
Besides this, the growing demand for screw pumps in the chemical industry, as they precisely transfer sensitive chemical compounds, is offering a positive market outlook.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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