Screw Pumps Market Size, Growth And Forecast 2023-2028

The latest report by IMARC Group, titled "Screw Pumps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". The global screw pumps market size reached US$ 2.71 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.72 Billion by 2028, exhibiting a growth rate (CAGR) of 5.30% during 2023-2028.

Screw pumps are a type of positive displacement (PD) pump that utilizes rotating screws to transfer fluids. They are comprised of components such as a screw, seal, motor adapter drive shaft, casing, and bearings. They are typically constructed with metal alloys such as cast iron, stainless steel, or bronze and are suitable for pumping high-pressure viscous fluids in marine and offshore installations. They also find application in fuel injection, oil burners, and wastewater treatment plants.

Additionally, they are easy to operate and maintain and provide versatility in terms of flow rates, liquid types, pressures, viscosities, and self-priming capabilities. Moreover, they are reliable, efficient, robust, have a long lifetime, and are resistant to water vapor and dust particles. As a result, screw pumps are widely adopted in various industrial verticals such as power, water treatment, oil and gas, chemicals, and food and beverage (F&B) sectors across the globe.

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Screw Pumps Market Trends and Drivers:

The market is primarily driven by the expanding oil and gas sector and the escalating product utilization for numerous applications such as pipeline boosting, crude oil transfer, and drilling mud transfer. Screw pumps are extensively used in this industry to ensure a continuous flow of fluids, contributing to enhanced production. Moreover, the widespread adoption of screw pumps in water and wastewater treatment for precise chemical dosing and stormwater pumping and the introduction of advanced materials that enhance wear and corrosion resistance to improve the durability and reliability of screw pumps represents another major growth-inducing factor.

Besides this, the launch of eccentric screw pumps capable of handling shear-sensitive materials, providing precise flow control, and accommodating a wide range of viscosities is accelerating the product adoption rate. Additionally, the extensive product use in refineries for solids transfer without valve configuration changes is propelling the market growth. Along with this, the escalating demand for energy-efficient pumps and the widespread product adoption in the food and beverage (F&B) industry are providing a positive thrust to the market growth. Apart from this, the screw pump market is growing at different rates in numerous regions, with the Asia Pacific region being the largest screw pump market due to significant growth in the oil and gas industry, several product innovations, and extensive research and development (R&D) activities. Moreover, the industry is expected to face competition in the upcoming years as various key players are implementing competitive strategies to sustain their presence in the market.

For instance, in May 2021, CDI Energy Products introduced a new thermoplastic polymer composite material that they developed, launched, and specifically designed for use in centrifugal and positive displacement pumps. Furthermore, numerous government initiatives to reduce emissions and improve energy efficiency, ongoing research and development (R&D) activities, and mergers and acquisitions (M&A) among key market players are also creating a positive market outlook. For instance, in March 2022, Atlas Copco announced its agreement to acquire LEWA GmbH and its subsidiaries, and Geveke BV and its subsidiaries. LEWA is a prominent manufacturer known for its diaphragm metering, process, and positive displacement pumps.

Report Segmentation:

The report has segmented the market into the following categories:

Screw Configuration Insights:

Single Screw/Eccentric Screw/Progressive Cavity Pumps
Twin Screw Pumps
Three Screw Pumps
Multiple Screw Pumps

 Max. Pressure Insights:

Up To 16 Bar
17-35 Bar
36-50 Bar
50-80 Bar
Above 80 Bar

Distribution Channel Insights:

Direct
Indirect

End Use Insights:

Oil and Gas
Power
Water Treatment
Chemicals
Food and Beverages
Others

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

Alfa Laval AB
CIRCOR International Inc.
Desmi A/S
Dover Corporation
Erich Netzsch GmbH & Co. Holding KG
Flowserve Corporation
FLSmidth & Co. A/S
ITT Inc.
Iwaki Co. Ltd.
KRAL GmbH
Roto Pumps Limited
SPX Flow Inc.

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This release was published on openPR.