Press release
"Rising Up: The Archimedean Screw Pumps Market Set to Reach $274.2 Million by 2030"
"Rising Up: The Archimedean Screw Pumps Market Set to Reach $274.2 Million by 2030"A recent market 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" has projected significant growth in the Archimedean screw pumps market. The market is expected to reach a value of $274.2 million by 2030, growing at a CAGR of 2.7% from 2023 to 2030.
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Archimedean screw pumps are specialized volumetric pumps commonly used in various applications such as wastewater treatment plants, drainage systems, and power generation facilities. These pumps offer unique advantages including the ability to handle raw water with solids and debris, pump activated sludge, resist pollution, and provide reliable and simple operation.
The growth of the Archimedean screw pumps market is primarily driven by the increasing adoption of these pumps in industrial applications and their utilization in sewage treatment plants. However, challenges such as high installation, maintenance, and operating costs hinder market growth. Despite these challenges, the demand for Archimedean screw pumps in stormwater management and power generation is expected to create lucrative opportunities for market players.
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The market report segments the Archimedean screw pumps market based on type (open screw pumps and enclosed screw pumps), application (sewage treatment, irrigation, power generation, stormwater management, drainage, industrial applications, and others), and geography. In 2023, the open screw pumps segment is expected to dominate the market due to its minimal maintenance requirements, variable pumping capacity, and high efficiency.
Geographically, Asia-Pacific is projected to hold the largest share of the global Archimedean screw pumps market in 2023. This is attributed to government initiatives promoting sustainable water management practices and increasing industrialization in the region.
Browse in depth @ https://www.meticulousresearch.com/product/archimedean-screw-pumps-market-5610
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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