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.’
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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=29-03-2024
