September 08, 2022 08:30 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES
Wilmington, Delaware, United States, Sept. 08, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - In 2021, the global screw pumps market clocked value of US$ 2.47 Bn. The market is anticipated to rise at a CAGR of 6.1% during the forecast period, from 2022 to 2031. The global screw pumps market is estimated to attain valuation of US$ 4.43 Bn by 2031. Screw pumps provide a number of key advantages, including the capacity to operate in a variety of pressures and flows, high-speed capabilities, self-priming with strong suction attributes, high pumping speeds, low internal velocities, and strong tolerance for water vapor and dust particles. Businesses should expand their sophisticated technology R&D. In order to diversify their sources of income, leading players in the screw pumps market are expected to seize other chances.
The increasing need for handling fluids and slurries is expected to drive the global market for screw pumps. The increasing industrialization and escalating costs of wastewater and water treatment throughout the world are likely to contribute toward expansion of the global screw pump market. The screw pump is in greater demand in the oil and gas sector due to its versatility in handling downstream, midstream, and upstream operations.
The food and beverage business depends heavily on screw pumps. Screw pumps are an essential part of several industries due to cutting-edge technologies and a large variety of available choices, which is expected to fuel future market demand for screw pumps. Screw pumps are in high demand due to the global expansion of these industries.
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Key Findings of Market Report
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Global Screw Pumps Market: Growth Drivers
Global Screw Pumps Market: Key Players
Some of the key market players are
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Global Screw Pumps Market: Segmentation
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