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Archimedean Screw Pumps Market to Be Worth $274.2 Million by 2030
Meticulous Research®—leading global market research company, published a research report titled, ‘Archimedean Screw Pumps Market by Type (Enclosed Screw Pumps, Open Screw Pumps), Application (Sewage Treatment, Irrigation, Industrial Applications, Stormwater Management, Drainage, and Power Generation), and Geography - Global Forecast to 2030.’Download Free Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5610?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=10-01-2024
According to this latest publication from Meticulous Research®, the archimedean screw pumps market is projected to reach $274.2 million by 2030, at a CAGR of 2.7% from 2023–2030. The growth of the Archimedean screw pumps market is driven by the growing adoption of Archimedean screw pumps in industrial applications and the increasing utilization of Archimedean screw pumps in sewage treatment. However, the high installation, maintenance, and operating costs restrain the growth of this market. Furthermore, the growing demand for Archimedean screw pumps in stormwater management and power generation is expected to generate growth opportunities for the players in this market. However, the high-cost burden of Archimedean screw pumps for small-scale businesses is a major challenge for market growth. Growing demand for renewable energy and technological advancements in Archimedean screw pumps are the latest trends in the Archimedean screw pumps market.
The Archimedean screw pumps market is segmented by type (open screw pumps [concrete troughs and steel trough liners] and enclosed screw pumps), application (sewage treatment, irrigation, power generation, stormwater management, drainage, industrial applications, and other applications). The study also evaluates industry competitors and analyzes the market at the regional and country levels.
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Based on type, the global Archimedean screw pumps market is segmented into enclosed screw pumps and open screw pumps. In 2023, the open screw pumps segment is expected to account for the larger share of the global Archimedean screw pumps market. The large market share of this segment is attributed to the increasing adoption of open screw pumps for their higher pumping capacities, high efficiency, and minimal maintenance for the moving parts.
Also, the open screw pumps segment is projected to register a higher CAGR during the forecast period due to the benefits offered by this segment, such as variable pumping capacity without the need for unique controls and non-clogging and requiring no pre-screening are expected to support the growth of this segment.
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Based on application, the global Archimedean screw pumps market is segmented into sewage treatment, irrigation, industrial applications, power generation, stormwater management, drainage, and other applications. In 2023, the sewage treatment segment is expected to account for the largest share of the global Archimedean screw pumps market. The large market share of this segment is attributed to the increasing demand for Archimedean screw pumps due to their simple design, maintenance, and operation and the rising adoption of pumps to lift large quantities of sewage.
Also, the sewage treatment segment is projected to register a higher CAGR during the forecast period. The benefits offered by the sewage treatment segment are handling a wide range of flow rates and making them suitable for transporting varying volumes of wastewater, handling liquids with high solid content, such as raw sewage, without clogging easily, and consuming a relatively low amount of energy compared to other types of pumps are expected to support the growth of this segment.
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Based on geography, the Archimedean screw pumps market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global Archimedean screw pumps market. Asia-Pacific’s significant market share is attributed to the increasing water and wastewater discharge regulations, growing demand for sustainable water management practices, increasing need for pumping solutions for hydropower generation, and increasing installations of Archimedean screw pumps in China, Japan, India, and South Korea.
Also, this region is projected to register the highest CAGR during the forecast period. The growth of this market is driven by the need for Archimedean screw pumps in industrial wastewater treatment plants, increasing installations of Archimedean screw pumps for agricultural irrigation, rising emphasis by governments in the region on the development of custom Archimedean screw pumps and sustainable water management practices, and growing industrialization across the region.
Key Players
The key players operating in the Archimedean screw pumps market are Spaans Babcock BV (Netherlands), WAMGROUP S.p.A. (Italy), Jash Engineering Limited (India), Landustrie Sneek BV (Netherlands), KUHN GmbH Technische Anlagen (Germany), Lakeside Equipment Corporation (U.S.), Adasfa Sdn. Bhd. (Malaysia), Lektratek Water Technology (South Africa), PRO-Equipment, Inc. (U.S.), and Parkson Corporation (U.S.).
TOP 10 COMPANIES IN ARCHIMEDEAN SCREW PUMPS MARKET >> https://meticulousblog.org/top-10-companies-in-archimedean-screw-pumps-market/?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=10-01-2024
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