The industry report segments the global screw pumps market by end-user (oil and gas, water and wastewater treatment, chemical, and power, and others) and by geography (Asia, the Americas, EMEA, and ROW). It also presents the vendor landscape and a corresponding detailed analysis of the major vendors in the market, including Colfax, ITT Bornemanne, LeistritzPumpen, NETZSCH, and PSG.
Technavio has released its new market research report, global screw pumps market, which is expected to grow at a CAGR of around 7% between 2015 and 2019. Screw pumps play an essential role in a wide range of applications such as the sewage, water and wastewater treatment, food and beverage, oil extraction, hydraulic fracturing, and chemical industries. With increased industrialization process, the demand for screw pumps will also increase. Asia is the largest revenue contruibutor of this market, and is expected to grow at a CAGR of 8% by 2019. Technavio’s market research analysts have established that the current pace of infrastructure development in process industries, rising standards of living, and rapid industrial development are factors enhancing the scope for sanitation infrastructure and food delivery systems in the region, thus fueling the screw pumps market.
“Of late, the manufacturers have launched several new screw pumps that function on efficient, time-saving technologies and have noise-cancellation abilities. These advancements have enhanced the fuel efficiency and productivity of the modern pumping systems. Some of these latest product advancements include the Blackmer S series screw pumps, NETZSCH NOTOS multi screw pumps, Maag S series screw pumps and Triple screw pumps,” says Navin Rajendra, Lead Analyst, Heavy Industry, Technavio Research.
The oil and gas industry contributes the largest market share with more than 25% share, as this industry deploys screw pumps for spanning oil exploration, drilling, pumping oil to surface, wellbore recovery, and processing application in oil refineries and petrochemical plants. Thus, increasing oil production play an important role in boosting the market growth during the forecast period.
The leading vendors in the global screw pumps market are Colfax, ITT Bornemann, Leistritz, Pumpen, NETZSCH and PSG Dover. The existence of local as well as international players increases the competitiveness of the global screw pumps market. However, the well-established players in the market are expanding their footprint in the market by enhancing the product portfolio.
A more detailed analysis is available in the Technavio report, Global Screw Pumps: Market Analysis 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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