Global Screw Pumps Market 2017-2021
About Screw Pumps
A screw pump is a type of positive displacement pump that utilizes two or more screws to facilitate the movement of containing fluid. Screw pumps utilize rotary motion to transfer fluid, slurries, or solid content along the access of the screw. Screw pumps are of different configurations that are readily available in the market. The difference in design of screw pumps is specific to use for different industrial applications. Although the applications of each design are different, all the versions of screw pumps work on the same principle.
Technavio’s analysts forecast the global screw pumps market to grow at a CAGR of 7.64% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global screw pumps market for 2017-2021. To calculate the market size, the report considers the sales, installations, and repair and replacement of screw pumps.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Screw Pumps Market 2017-2021
Technavio recognizes the following companies as the key players in the global screw pumps market: olfax Fluid Handling, ITT Bornemann, Flowserve, PSG (Part of Dover), and NETZSCH
Other Prominent Vendors in the market are: Alfa Laval, Albany Pumps, DESMI, SERECO, Verder, Brinkmann Pumps, KNOLL Maschinenbau, FLSmidth, EagleBurgmann, and IWAKI.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Emphasis on energy saving. The end-users are striving to lower down the amount of energy that they are utilizing for the purpose of manufacturing several products. The end-users are majorly trying to decrease the environmental emissions for which equipment that consume less energy and also emits less carbon to the atmosphere are required. Presently, screw pumps are made keeping in consideration the least amount of energy that they can utilize for accomplishing different operations in the end-user industries.”
According to the report, one of the major drivers for this market is Rise in manufacturing activities and growing demand for alternative energy. The energy demand across the world has grown and will continue to grow during the forecast period as well due to factors such as rapid growth in the manufacturing sector, the rise in population, industrial growth, and urbanization. All these factors imply an increase in the energy consumption and growth in the energy demand. The population shift from rural to urban areas is one of the major drivers of excessive energy demand throughout the world. It is expected that by 2040, the global urban population will be almost double the rural population. Although technical advances are appearing to find out ways with which energy optimization can be done, meeting the needs of such a huge population growth is appearing to be a major challenge across the globe.
Further, the report states that one of the major factors hindering the growth of this market is Highly fragmented nature of the market. In the global screw pumps market, there are a lot of global and regional vendors active in every region. Vendors are striving to bring innovation in screw pumps and also trying to expand in different regional markets in order to get a broader reach in each region. In order to enhance technical innovations in screw pumps, many competitors have emerged in the market, which has made it very difficult for the end-users to choose the best screw pumps in accordance to their needs.
olfax Fluid Handling, ITT Bornemann, Flowserve, PSG (Part of Dover), and NETZSCH, Alfa Laval, Albany Pumps, DESMI, SERECO, Verder, Brinkmann Pumps, KNOLL Maschinenbau, FLSmidth, EagleBurgmann, and IWAKI.
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