Screw Pumps Market Analysis APAC, Europe, North America, South America, Middle East and Africa - China, US, Russia, Japan, Canada, India, Germany, South Korea, UK, France - Size and Forecast 2024-2028

Screw Pumps Market Size 2024-2028

The screw pumps market size is forecast to increase by USD 922.7 million at a CAGR of 5.7% between 2023 and 2028.

• The market is experiencing significant growth due to the increasing demand for these pumps in various end-use applications, including pressure difference applications in power generation, terminals, pipelines, high-pressure fuel injection, fuel delivery, gear lubrication, and bearing lubrication. In the power generation sector, they are extensively used in hydroelectric facilities for high-speed operation. Additionally, the trend toward energy efficiency and cost savings is driving the adoption of multiple screw and progressive cavity pumps. The screw pump market is competitive, with several players offering various designs, such as eccentric screw pumps, to cater to diverse application requirements.
• The screw pump's casing, seal, motor adapter, drive shaft, bearings, and other components are typically made of metal alloys such as cast iron, stainless steel, and bronze. These materials provide durability and resistance to corrosion, ensuring the pump's longevity in harsh environments. Key industries, such as oil and gas, and manufacturing, are witnessing an increase in activities, further boosting the demand. To stay competitive, manufacturers are focusing on improving the efficiency and durability of their products.

What will be the Size of the Market During the Forecast Period?

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• Screw pumps, also known as positive displacement pumps, are a type of pump used to transfer fluids, including non-soluble chemicals, from one location to another. These pumps operate by using rotating screws to move fluids through the casing, which is divided into chambers. The intake valve on the suction side allows fluid to enter the chamber, while the outlet side releases the fluid under pressure. They are characterized by their self-priming ability, which eliminates the need for a separate priming system. They offer high pumping speeds, making them suitable for applications requiring fast fluid transfer.
• Additionally, they have low internal velocities, which minimize turbulence and help maintain fluid integrity. They can handle a wide range of fluids, including those with high viscosity and particles or dust. They are also tolerant to water vapor, making them suitable for applications in various industries. The pumps' design allows for high-speed capability and efficient fluid transfer, making them a popular choice for applications that require precise fluid control.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• End-user
  • Oil and gas industry
  • Water and wastewater industry
  • Chemical industry
  • Power industry
  • Food and beverages industry
• Type
  • Single screw pumps
  • Twin screw pumps
  • Three screw pumps
• Geography
  • APAC
    • China
    • Japan
  • Europe
  • North America
    • US
  • South America
  • Middle East and Africa

By End-user Insights

• The oil and gas industry segment is estimated to witness significant growth during the forecast period.

In the context of industrialization, screw pumps play a significant role in various industries, particularly in the oil and gas sector. These pumps are essential for moving fluids in applications such as drilling fluid circulation, hydraulic fracturing, deep-sea pumping, and cementing operations within the oil and gas industry. Furthermore, they find extensive use in downstream refineries. As the world's resources become increasingly depleted, the oil and gas industry must extract raw materials from deeper underground locations. Consequently, screw pumps are indispensable for transferring fluids safely and efficiently throughout the extensive supply chain. The design allows them to handle a wide range of liquids, including high-viscosity fluids like crude oil.

In addition, beyond the oil and gas industry, they are also widely used in other sectors such as marine, food and beverage, chemical processing, and infrastructure projects. For instance, multiple screw pumps and eccentric screw pumps are commonly used in marine applications for pumping seawater, sludge, and other liquids. In the food and beverage industry, screw pumps are employed for processing and transporting food products, while in the chemical processing sector, they are used for transferring corrosive and abrasive chemicals. Screw pumps come in various designs, including spindle screw pumps, single screw pumps, and progressive cavity pumps. Each design offers unique advantages, such as high efficiency, low maintenance, and superior handling of specific fluids.

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The oil and gas industry segment was valued at USD 885.60 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

• APAC is estimated to contribute 52% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The Asia Pacific (APAC) region is experiencing significant growth in the oil and gas industry, driven by increasing energy demands in countries like China and India. According to BP's Statistical Review of World Energy 2020, India's crude oil consumption grew by 3.1% in 2019, and China's consumption increased by 5.1% during the same period. This growing demand for crude oil will necessitate the expansion of pipeline networks and the installation of fluid handling systems to transport the oil and gas. They are essential components in various applications within the oil and gas industry, including pipeline boosting, drilling mud transfer, and refineries.

In addition, their wear resistance makes them suitable for handling harsh chemicals and abrasive materials, making them ideal for wastewater treatment applications, chemical dosing, and activated sludge processes. In addition, their precise flow control and energy efficiency make them an excellent choice for storm water pumping and handling shear-sensitive materials. Moreover, the oil and gas industry's focus on emissions reduction and energy efficiency has led to an increased demand for energy-efficient pumps. The screw configuration of these pumps offers several advantages, including high suction ability, self-priming capability, and the ability to handle solids. These features make them a popular choice for fluid transfer applications in the oil and gas industry.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of Screw Pumps Market ?

The rise in manufacturing activities and growing demand for alternative energy is the key driver of the market.

• The global energy demand is experiencing significant growth and is anticipated to continue expanding throughout the forecast period. This expansion can be attributed to several factors, including the increasing manufacturing sector, population growth, industrial development, and urbanization. The shift in population from rural to urban areas is a major contributor to the increase in energy demand worldwide. By 2040, it is projected that the global urban population will nearly double the rural population. In North America, the energy sector has seen positive growth in the past five years, particularly in the US and Canada, with oil and natural gas production showing notable increases.
• In addition, screw pumps, a type of positive displacement pump, are commonly used in various industries to move fluids from one location to another. These pumps operate by transferring fluid from the intake side to the outlet side through the axial movement of a screw or an eccentric screw. They are particularly effective in handling high viscosity fluids and are widely used in water treatment, chemicals, and food and beverages industries. The efficient turbulence elimination feature makes them an ideal choice for applications requiring precise fluid pressure control. In summary, the growing energy demand and the versatility make them an essential component in numerous industries.

What are the market trends shaping the Screw Pumps Market?

The growing focus on energy saving is the upcoming trend in the market.

• In various industries, such as oil and gas, petrochemical, and food and beverage, there is a growing emphasis on reducing energy consumption and minimizing carbon emissions. To address this need, screw pumps have gained popularity due to their energy efficiency in handling highly viscous fluids.
• Moreover, manufacturers are continually innovating to create customized screw pumps that cater to the unique requirements of end-users in these industries. By utilizing the least amount of energy for operations, screw pumps contribute significantly to the reduction of environmental impact. The future lies in their ability to provide optimal performance while maintaining a low carbon footprint.

What challenges does Screw Pumps Market face during the growth?

Stiff competition within screw pumps market is a key challenge affecting the market growth.

• The global market is characterized by a high level of competition due to numerous established players and various brands. Despite slight differences among the offerings, intense competition exists among manufacturers. This dynamic market environment prevents any single company from holding a dominant position. However, this competition can also result in unpredictable income or sales for companies. They are used in various end-use applications such as power generation, terminals, pipelines, high-pressure fuel injection, fuel delivery, gear lubrication, and bearing lubrication. In power generation, they are employed in hydroelectric facilities and high-speed engines. Multiple screw pumps and progressive cavity pumps are popular choices for high-viscosity applications.
• In addition, eccentric screw pumps are commonly used for handling corrosive and abrasive fluids. In the power generation sector, screw pumps are essential for transferring fluids in hydroelectric facilities and high-speed engines. They are also widely used in terminals and pipelines for fuel delivery, as well as in high-pressure fuel injection systems. In industrial applications, screw pumps are employed for gear and bearing lubrication. The versatility makes them indispensable in various industries. In summary, The market is highly competitive due to numerous companies, leading to intense competition among manufacturers. These pumps are used in various industries, including power generation, terminals, pipelines, and industrial applications, for diverse purposes such as fuel delivery, gear lubrication, and bearing lubrication. They come in various designs, including multiple screw pumps, progressive cavity pumps, and eccentric screw pumps, catering to different application requirements.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, market growth and forecasting, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast , partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• 3P Prinz Srl
• Albany Engineering Co. Ltd.
• Alfa Laval AB
• CIRCOR International
• Dover Corp.
• Erich NETZSCH BV and Co. Holding KG
• Flowserve Corp.
• Hydro Prokav Pumps India Pvt Ltd.
• Ingersoll Rand Inc.
• ITT Inc.
• Iwaki Co. Ltd.
• KRAL GmbH
• Leistritz AG
• Precision Engineering Co.
• Pumpenfabrik Wangen GmbH
• Roper Pump Co.
• Roto Pumps Ltd.
• SEIM Srl
• Settima Meccanica Srl
• SPX FLOW Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

Screw pumps are a type of positive-displacement (PD) pumps that utilize rotating screws to transfer fluids. These pumps are known for their ability to handle a wide range of fluids, including non-soluble chemicals, liquid-solid mixtures, and viscous fluids. They offer advantages such as self-priming capability, high pumping speed, and low internal velocities. Screw pumps come in various configurations, including single screw, twin screw, and multiple screw pumps. Eccentric screw pumps and spindle screw pumps are popular types. They are used in diverse industries such as oil and gas, marine, cement, food and beverage, and chemical processing.

In addition, they are suitable for handling fluids with particles and dust. They offer corrosion resistance and leakage emissions reduction. These pumps are used in high-pressure applications, such as crude oil transfer, pipeline boosting, and drilling mud transfer. They are also used in low-pressure applications, such as wastewater treatment and chemical dosing. They are energy-efficient and offer precise flow control. They are used in various end-use applications, including fuel injection, oil burners, hydraulic fracturing, and water treatment. They are made of metal alloys, including cast iron, stainless steel, and bronze, to ensure wear resistance and durability. They are used in various industries and applications, including power generation, terminals, pipelines, and refineries. They offer advantages such as high-speed capability, water vapor tolerance, and turbulence elimination. They are suitable for handling high-viscosity fluids and pressure difference. They are also used in applications that require precise flow control and energy efficiency.

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What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across APAC, Europe, North America, South America, and Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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