LONDON, Nov. 12, 2015 /PRNewswire/ -- 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. The global screw pumps market is projected to grow significantly, posting a CAGR of over 7%, which is triggered by rapid urbanization and industrialization. Moreover, increase in urbanization has resulted in rising demand for improved infrastructure and water and wastewater treatment plants, thus expediting the demand for screw pumps.
Industrial growth in developing countries such as China and India are motivating global players to establish their manufacturing facilities in these countries, hence fueling the demand for screw pumps. Additionally, some enterprises are leveraging from the benefits of rotary positive displacement screw pumps for transporting crude oil. One primary reason behind the rising popularity of screw pumps is that they incur low maintenance.
Segmentation of the global screw pumps market by end-user
Oil and gas
Water and wastewater treatment
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.
Geographical segmentation of the global screw pumps market
Asia contributes the majority share to the market revenue and also registers the highest growth rate of more than 8% by 2019. Technavio's market research analysts has 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.
Competitive landscape and key vendors
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.
The key vendors in this market are –
Other prominent vendors included in this report are Alfa Laval, Flowserve, Gardner Denver, IWAKI CO, KRAL, MPD, Pfeiffer Vacuum, Roto Pumps, SEEPEX, SEIM, Settima, and SPX.
Key questions answered in the report include
What will the market size and the growth rate be in 2019?
What are the key factors driving the global screw pumps market?
What are the key market trends impacting the growth of the global screw pumps market?
What are the challenges to market growth?
Who are the key vendors in the global screw pumps market?
What are the market opportunities and threats faced by the vendors in the global screw pumps market?
Trending factors influencing the market shares of the Asia, the Americas, EMEA, and ROW.
What are the key outcomes of the five forces analysis of the global screw pumps market?
Technavio also offers customization on reports based on specific client requirement.
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