Press Release

Screw Pumps Market to Cross $6.9 Billion by 2026

Increasing oil & gas exploration activities and growing infrastructure developments to drive global screw pumps market through 2026

According to TechSci Research report, Global Screw Pumps Market By Type, By End Use Sector, Competition Forecast & Opportunities, 2012 – 2026, the global screw pumps market is projected to reach $6.98 billion by 2026. Growing demand from end use industries such as oil & gas, water treatment, food & beverage, chemicals, power, etc. coupled with increasing commercialization is expected to steer demand for screw pumps across the globe during 2017 – 2026.

Browse 9 market data Tables and 83 Figures spread through 140 Pages and an in-depth TOC on  "Global Screw Pumps Market"

https://www.techsciresearch.com/report/global-screw-pumps-market-by-type-progressive-cavity-pumps-twin-screw-pumps-triple-screw-pumps-by-end-use-sector-oil-gas-water-treatment-power-chemicals-food-beverages-others-competition-forecast-opportunities/1007.html

Despite of slowdown in oil exploration activities since 2014, oil & gas sector remains the largest end use sector for screw pumps, globally. Power and water treatment industries are expected to emerge as the fastest growing end use sectors for screw pumps across the globe during forecast period on account of increasing investments from public as well as private entities. In the United States, the utility capital expenditure on wastewater treatment plants is projected to increase from USD7,562 million in 2014 to USD8,657 million by 2018. While, in China, industrial water treatment market surpassed USD6.1 billion in 2015, and is projected to continue showcasing robust growth in coming years as well. Expanding water treatment industry is anticipated to necessitate the requirement for screw pumps during forecast period.

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“Progressive Cavity Pumps (PCP) accounted for the largest share in global screw pumps market in 2016. During the forecast period, PCP would continue to remain the largest segment in global screw pumps market, however the fastest growth is anticipated to be registered by twin screw pumps segment. Asia-Pacific was the largest demand generating region for screw pumps across the world in 2016 owing to growing industrialization in China and India.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Screw Pumps Market By Type, By End Use Sector, Competition Forecast & Opportunities, 2012 – 2026 has evaluated the future growth potential of global screw pumps market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities in global screw pumps market.

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Increasing oil & gas exploration activities and growing infrastructure developments to drive global screw pumps market through 2026

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