Global Screw Pumps: Market Analysis 2015-2019
Market outlook of the global screw pumps market
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 –
PSGOther 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.
Technavio Announces the Publication of its Research Report – Global Screw Pumps Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Screw Pumps Market: Colfax, ITT Bornemanne, LeistritzPumpen, NETZSCH and PSG
Other Prominent Vendors in the market are: Alfa Laval, Flowserve, Gardner Denver, IWAKI CO, KRAL, MPD, Pfeiffer Vacuum, Roto Pumps, SEEPEX, SEIM, Settima, and SPX.
Commenting on the report, an analyst from Technavio’s team said: “Faced with intense competition and a sluggish global economy, industry players are fast realizing that consolidation through M&A is a safe way of expanding their product portfolios and tapping into unexplored markets. M&A allow companies to reduce their R&D expenses through sharing of technology, and make space for innovation in a mature technology market.”
According to the report, as urbanization continues to make inroads, especially in developing economies, the demand for clean drinking water and sanitation has increased substantially. Pumps are widely used in water treatment processes, such as sewage water treatment and drinking water treatment, to purify water. Screw pumps, in particular, are used for water recycling, and also in the wastewater management process.
Further, the report states that the global screw pump market is intensely competitive with many vendors. In the price-sensitive emerging economies such as India and China, local vendors have a strong customer base and domestic manufacturing capabilities, which allow them to price their products lesser than global vendors.
Colfax, ITT Bornemanne, LeistritzPumpen, NETZSCH, PSG, Alfa Laval, Flowserve, Gardner Denver, IWAKI CO, KRAL, MPD, Pfeiffer Vacuum, Roto Pumps, SEEPEX, SEIM, Settima, SPX.