Research and Markets (http://www.researchandmarkets.com/research/c8xtvv/global_screw)
has announced the addition of the "Global
Screw Pumps: Market Analysis 2015-2019" report to their
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
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.
Asia contributes the majority share to the market revenue and also
registers the highest growth rate of more than 8% by 2019. The 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.
For more information visit http://www.researchandmarkets.com/research/c8xtvv/global_screw
View source version on businesswire.com: http://www.businesswire.com/news/home/20151123006085/en/
Copyright Business Wire 2015
Source: Business Wire
(November 23, 2015 - 1:07 PM EST)
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