PUBLISHER: Orion Market Research | PRODUCT CODE: 1715273
PUBLISHER: Orion Market Research | PRODUCT CODE: 1715273
Screw Pump Market Size, Share & Trends Analysis Report by Type (Single Screw/Eccentric Screw/ Progressive Cavity Pumps, Twin Screw Pumps, Three Screw Pumps and Multiple Screw Pumps), Design Configuration (Vertical Screw Pumps and Horizontal Screw Pumps) and End-Use (Oil & Gas, Power, Water and Wastewater Treatment, Food & Beverage, Chemicals and Others) Forecast Period (2025-2035)
Industry Overview
The screw pump market was valued at $2,730 million in 2024 and is projected to reach $4,670 million in 2035, growing at a CAGR of 5.0% during the forecast period (2025-2035). The growing adoption of efficient fluid transfer solutions in a range of industries, including food processing, chemicals, water treatment, and oil and gas, has led to the development of high-performance screw pumps. Technological innovation and increased demand for reliable and persistent pumping systems have been key drivers for these developments. Energy efficiency and lower maintenance costs have grown into important market drivers as companies look to save operational expenses and streamline their operations.
Market Dynamics
Growing Adoption of Smart Monitoring Screw Pumps with IoT
Screw pumps with Internet of Things (IoT) capabilities are transforming the market's operational landscape. Advanced smart screw pumps monitor performances, flow rates, temperatures, and pressures in real-time. Predictive maintenance guarantees high end-user productivity and helps prevent sudden downtime. The various industries can use the same pumps to assess the availability and reliability through cloud-based platforms to avoid any unplanned downtime and ensure smooth operations. Industry 4.0 brings with it the penetration of IoT to its devices and equipment, including screw pumps, regarding automation and digital connectivity. The increasing trend for smart pump solutions to provide increased efficiencies and reliability in operation.
Increasing Demand for Energy-Efficient Screw Pumps
The screw pumps market is showing significant shifts towards more energy-efficient products owing to general global energy conservations. Industries sectors such as oil and gas, chemicals, and wastewater are increasingly adopting screw pumps having advanced designs and low energy-consuming performance. Additionally, with reduced operating costs and achievement of sustainability goals as well as keeping up with stringent regulations on environmental controls, the end-users prefer using these pumps in their systems. Manufacturers are innovating screw pump technologies with new variable frequency drives and optimized rotor designs. This allows for greater control over the flow and less energy waste. The need for green energy initiatives and a reduction in carbon footprint is adding to the industrial demand for efficient screw pumps.
Market Segmentation
Three Screw Pumps Segment to Lead the Market with the Largest Share
The market for three-screw pumps is expanding significantly as they are highly effective in pumping lubricating, non-abrasive, and chemically inert liquids. It is consequently ideal for various industrial applications including oil & gas, lubrication, power, and marine sectors. For instance, Alfa Laval provides 3S three-screw pumps that have a broad range and are low-maintenance in design. The 3S series comes in 29 different sizes, from 5 liters per minute up to 2,900 liters per minute at 1,450 rpm, thereby meeting many different operational needs. This means there is bound to be some level of flexibility and adaptability to suit virtually all industries.
Oil & Gas: A Key Segment in Market Growth
The screw pump market globally is currently experiencing growth mainly through increasing demand from the oil and gas sector. Screw pumps are commonly used in the industry for high-viscosity fluids, along with consistent flow rates, and operate well with changes in pressure. Increasing activity in the field of oil exploration coupled with advances in extraction technology have spurred demand for such pumps. Screw pumps have emerged as the standard solution for critical operations owing to the growing concern for efficient fluid-handling solutions. For instance, KRAL GmbH is offering KRAL Screw Pumps for Oil and Gas. KRAL GmbH offers positive displacement screw pumps that offer the best possible intake capabilities with the lowest pulsation transmission. The company provides pumps that comply with API designs, specifically designed for the oil and gas industry.
The global screw pump market is further divided by geography, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America)
Growing Demand for Screw Pumps in Asia-Pacific Key Industries
The screw pumps market in the Asia Pacific region is witnessing high growth rates owing to significant industrialization and an increase in key industries such as oil and gas, wastewater treatment, and chemicals. Growing infrastructure projects in nations such as China, India, Japan, and South Korea have given a boost to the demand for advanced pumping solutions. High industrial demand for cost-effectiveness and efficiency has further led to the adoption of screw pumps as they have a standing for reliability and withstand demanding application conditions.
Europe Region Dominates the Market with Major Share
Europe holds a significant share owing to higher demand from oil and gas, wastewater treatment, and chemicals, which require more energy as well as pump reliability. European countries' quick industrialization along with infrastructure further boosts the demand for advanced technologies in pumps. Stricter environmental regulations have been in direct encouragement of their adoption owing to the screw pump's capability for viscous as well as abrasive fluids without severe disruption to the environment. Additionally, improvements in pump technology have led to the development of a more powerful and efficient device in production. There has been growing interest in the cost-effective and low-energy industrial process with the reduction in operational cost, which is enhancing the demand in the market. The pharmaceutical and food processing industry is on the increase in Europe, and screw pumps are widely used.
The major companies operating in the global screw pump market include Alfa Laval AB, Dover Corp. (PSG Dover), EBARA Corp., ITT Inc., and Parker Hannifin Corp., among others. Market players are leveraging partnerships, collaborations, mergers and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Developments