Global Screw Pumps Market Projected To Grow At A CAGR Of 7.2% Between 2016-2020

Date: 2016-11-10

Increasing demand for screw pumps in the industrial segment is the main driving factor to the growth for global screw pumps market. Oil & gas, water & wastewater, power, chemicals and food & beverage continue to be the major end users for screw pumps, globally. According to research, global Screw Pumps Market is projected to grow at a CAGR of 7.2% between 2016-2020.

Geographically, since Asian counties such as China is increasing urbanization and growing awareness regarding benefits of safe and clean water is increasing the need for safe and efficient water supply and water treatment, which is positively impacting the global screw pumps market.

In addition, developing countries in APAC also such as India is witnessing strong demand for screw pumps due to growing water & wastewater treatment, oil & gas, chemical and power sectors. 

Moreover, upsurge in infrastructural development projects across process industries, rising living standards and rapid industrialization in APAC are increasing the need for better sanitation, infrastructure and food delivery systems in developing economies, consequently, boosting the demand for screw pumps in the region.

The global top vendors in this market are Colfax, ITT Bornemanne, LeistritzPumpen, NETZSCH, PSG, Alfa Laval, Flowserve, Gardner Denver, IWAKI CO, KRAL, MPD, Pfeiffer Vacuum, Roto Pumps, SEEPEX, SEIM, Settima, and SPX among others.

Screw Pumps market share by region as following:

screw-pumps

Read Full Report: http://www.gosreports.com/global-screw-pumps-market-research-report-2016/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 510-400-8520
Web: www.gosreports.com
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