PUBLISHER: Meticulous Research | PRODUCT CODE: 1334022
PUBLISHER: Meticulous Research | PRODUCT CODE: 1334022
The 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', provides an in-depth analysis of Archimedean screw pumps market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2030.
The global Archimedean screw pumps market is projected to reach $274.2 million by 2030, at a CAGR of 2.7% during the forecast period of 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 of Archimedean screw pumps 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 operating in this market. However, the high-cost burden of Archimedean screw pumps for small-scale businesses is a major challenge for market growth.
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.
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 segment's large share is attributed to minimal maintenance for the moving parts, non-clogging and requiring no pre-screening, and the increasing adoption of open screw pumps for their higher pumping capacities and high efficiency. Also, this segment is projected to register a higher CAGR during the forecast period. The benefits offered by this segment, such as variable pumping capacity without the need for unique controls, are expected to support the growth of this segment.
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 segment's large share is attributed to operation and the rising adoption of pumps to lift large quantities of sewage, consume a relatively low amount of energy compared to other types of pumps, and the increasing demand for Archimedean screw pumps due to their simple design and maintenance. Also, this segment is projected to register a higher CAGR during the forecast period. The benefits offered by this 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, are expected to support the growth of this segment.
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 rising emphasis by governments in the region on the development of custom Archimedean screw pumps, the growing need for Archimedean screw pumps in industrial wastewater treatment plants, and increasing water & wastewater discharge regulations.
Also, this region is projected to register the highest CAGR during the forecast period. The growth of this market is driven by growing demand for sustainable water management practices, increasing need for pumping solutions for hydropower generation, increasing installations of Archimedean screw pumps for agricultural irrigation, sustainable water management practices, and growing industrialization across the region.
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.).
Archimedean Screw Pumps Market Assessment-By Type
Archimedean Screw Pumps Market Assessment-By Application
Archimedean Screw Pumps Market, by Geography
(Note: SWOT Analysis of the Top 5 Companies Will Be Provided)