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Screw Pumps Market - Drivers and Forecasts by Technavio
[October 04, 2017]

Screw Pumps Market - Drivers and Forecasts by Technavio


Technavio analysts forecast the global screw pumps market to grow at a CAGR of almost 8% during the forecast period, according to their latest report.

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Technavio has published a new report on the global screw pumps market from 2017-2021. (Graphic: Busi ...

Technavio has published a new report on the global screw pumps market from 2017-2021. (Graphic: Business Wire)

The research study covers the present scenario and growth prospects of the global screw pumps market for 2017-2021. Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The Americas is driven by technology and is focusing on becoming an energy independent region. Subsequently, a lot of development projects are coming up in the region, which has increased the demand for screw pumps. In EMEA, there are a lot of oil and gas industries, however, due to the age-old infrastructure, end-users are not willing to make modifications/changes in the equipment that are being used currently.

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Technavio analysts highlight the following three factors that are contributing to the growth of the global screw pumps market:

  • Rise in manufacturing activities and growing demand for alternative energy
  • Screw pumps can run efficiently even without water
  • Rising demand for heavy-duty equipment

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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.


Sushmit Chakraborty, a lead automation research analyst at Technavio, says, "Exploration activities have increased around the world to meet the needs of people, but at the same time, the need for such equipment that can be useful for working under harsh conditions has also surfaced. Screw pumps are in demand from the various end-user industries because of the consistency and longer service life of these pumps displayed in the harshest conditions of the industries."

Screw pumps can run efficiently even without water

Generally, all types of pumps need water in their inlets to work properly, but screw pumps can operate even when there is no water in the inlet. This provides an advantage to screw pumps as the need to install expensive measures like level controls are not required. This particular characteristic provides screw pumps with an advantage of dry running without its parts getting damaged, unlike other pumps. The high-quality of bearings used in screw pumps do not require cooling and do not get damaged at the time of dry running of the pump.

"The maintenance cost of end-users decreases a lot as the chances of the parts of screw pumps getting damaged are quite less. Contrary to screw pumps, other pumps available in the market cannot run in dry conditions, and their bearings get damaged very easily. This reduces maintenance periods of other pumps and also requires a lot of attention of end-users while working," adds Sushmit.

Rising demand for heavy-duty equipment

With depleting natural resources, end-users need to excavate the earth even deeper in order to get the desired raw materials. In order to carry out such activities, equipment required should be powerful and long-lasting in order to excavate deep into the earth. For example, with the increasing demand for oil and gas, the oil extraction is becoming expensive due to high-end technology equipment needed to extract oil and gas that is mixed with many impurities.

These pumps can be used for the harshest industrial operations without the end-users worrying for the continuous monitoring of these pumps. This also provides screw pumps with a longer service life of less than or equal to 20-40 years. This feature of screw pumps helps in long term savings for end-user industries, which can be utilized for the betterment of other industrial aspects.

Top vendors:

  • Colfax Fluid Handling
  • ITT (News - Alert) Bornemann
  • Flowserve
  • PSG (Part of Dover)
  • NETZSCH

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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