PUBLISHER: IMARC | PRODUCT CODE: 1642516
PUBLISHER: IMARC | PRODUCT CODE: 1642516
The global screw pumps market size reached USD 3.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 4.4 Billion by 2033, exhibiting a growth rate (CAGR) of 4.5% during 2025-2033. The significant growth in the oil and gas industry, various product innovations, and extensive research and development (R&D) activities represent some of the key factors driving the market.
Screw pumps are positive displacement pumps that use rotating screws to move fluids. They consist of various components, such as a casing, screw, seal, motor adapter drive shaft, and bearings. They are manufactured using metal alloys, including cast iron, stainless steel, or bronze. Screw pumps are well-suited to pump high-pressure viscous fluids in offshore and marine installations. They are used in fuel injection, oil burners, and wastewater treatment plants. They are relatively easy to maintain and operate and exhibit versatility with different flow rates, pressures, liquid types and viscosities, and self-priming capabilities. As a result, screw pumps find extensive applications across the oil and gas, power, water treatment, chemicals, and food and beverage (F&B) industries.
The significant growth in the oil and gas industry across the globe is one of the key factors creating a positive outlook for the market. Screw pumps are widely used as they provide a continuous flow of fluids for enhanced production. In line with this, the widespread product adoption for applications such as crude oil transfer, pipeline boosting, and drilling mud transfer owing to increasing demand for oil and gas is favoring the market growth. Additionally, the extensive product adoption in refineries to transfer solids from one tank or vessel to another without changing any valves-related configurations is acting as another growth-inducing factor. Apart from this, the introduction of screw pumps manufactured using advanced materials that are more resistant to wear and corrosion, which help to improve the longevity and reliability of screw pumps, is providing an impetus to the market growth. Moreover, the increasing application of screw pumps in wastewater treatment applications to accurately dose chemicals into the wastewater stream and return activated sludge or storm water pumping, which in turn is propelling the market growth. Furthermore, the launch of eccentric screw pumps for shear-sensitive materials that are capable of handling a wide range of viscosities and can provide precise flow control is positively influencing the market growth. Other factors, including increasing demand for energy-efficient pumps, widespread product adoption in the F & B industry, the implementation of various government initiatives to reduce emissions and increase energy efficiency, extensive research and development (R&D) activities, and various product innovations are anticipated to drive the market growth.
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.