Meticulous Research® Unveils Comprehensive Report Forecasting Archimedean Screw Pumps Market to Reach $274.2 Million by 2030

Meticulous Research®, a leading global market research company, has recently published a comprehensive research report titled, 'Archimedean Screw Pumps Market by Type (Enclosed Screw Pumps, Open Screw Pumps), Application (Sewage Treatment, Irrigation, Industrial Applications, Stormwater Management, Drainage, and Power Generation), and Geography - Global Forecast to 2030.'

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According to this latest publication, the Archimedean screw pumps market is poised to witness remarkable growth, projected to soar to $274.2 million by the year 2030, representing a robust CAGR of 2.7% during the forecast period spanning from 2023 to 2030.

The surge in the Archimedean screw pumps market is primarily propelled by the escalating adoption of these pumps in various industrial applications and their increasing utilization in sewage treatment facilities. However, challenges such as high installation, maintenance, and operating costs pose restraints to market expansion. Nonetheless, the burgeoning demand for Archimedean screw pumps in stormwater management and power generation sectors is anticipated to unlock lucrative opportunities for market players.

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The report segments the Archimedean screw pumps market by type into open screw pumps (including concrete troughs and steel trough liners) and enclosed screw pumps. In 2023, the open screw pumps segment is expected to dominate the market, owing to their superior pumping capacities, efficiency, and minimal maintenance requirements for moving parts. Furthermore, the open screw pumps segment is forecasted to exhibit a higher CAGR during the forecast period, attributed to benefits such as variable pumping capacity without the need for unique controls and non-clogging properties, thus fostering its growth trajectory.

Regarding applications, the market is segmented into sewage treatment, irrigation, industrial applications, power generation, stormwater management, drainage, and other applications. In 2023, the sewage treatment segment is anticipated to hold the largest market share due to the increasing demand for Archimedean screw pumps, driven by their simplicity in design, maintenance, and operation, along with the rising adoption for lifting large quantities of sewage. Moreover, this segment is projected to register a higher CAGR during the forecast period, underpinned by its capability to handle varying flow rates and liquids with high solid content efficiently.

For more insights and detailed findings, the full report can be accessed on the Meticulous Research® website. >> https://www.meticulousresearch.com/product/archimedean-screw-pumps-market-5610

Geographically, Asia-Pacific is poised to command the largest market share in 2023, attributed to stringent water and wastewater discharge regulations, escalating demand for sustainable water management practices, and surging installations of Archimedean screw pumps in countries like China, Japan, India, and South Korea. Furthermore, Asia-Pacific is forecasted to witness the highest CAGR during the forecast period, fueled by increasing installations in industrial wastewater treatment plants, agricultural irrigation systems, and governmental emphasis on sustainable water management practices.

Key players operating in the Archimedean screw pumps market include Spaans Babcock BV, WAMGROUP S.p.A., Jash Engineering Limited, Landustrie Sneek BV, KUHN GmbH Technische Anlagen, Lakeside Equipment Corporation, Adasfa Sdn. Bhd., Lektratek Water Technology, PRO-Equipment, Inc., and Parkson Corporation.

TOP 10 COMPANIES IN ARCHIMEDEAN SCREW PUMPS MARKET >> https://meticulousblog.org/top-10-companies-in-archimedean-screw-pumps-market/

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This release was published on openPR.