Technavio Announces the Publication of its Research Report – Global Screw Pumps Market 2017-2021

Technavio recognizes the following companies as the key players in the global screw pumps market: olfax Fluid Handling, ITT Bornemann, Flowserve, PSG (Part of Dover), and NETZSCH

Other Prominent Vendors in the market are: Alfa Laval, Albany Pumps, DESMI, SERECO, Verder, Brinkmann Pumps, KNOLL Maschinenbau, FLSmidth, EagleBurgmann, and IWAKI.

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Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Emphasis on energy saving. The end-users are striving to lower down the amount of energy that they are utilizing for the purpose of manufacturing several products. The end-users are majorly trying to decrease the environmental emissions for which equipment that consume less energy and also emits less carbon to the atmosphere are required. Presently, screw pumps are made keeping in consideration the least amount of energy that they can utilize for accomplishing different operations in the end-user industries.”

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According to the report, one of the major drivers for this market is Rise in manufacturing activities and growing demand for alternative energy. The energy demand across the world has grown and will continue to grow during the forecast period as well due to factors such as rapid growth in the manufacturing sector, the rise in population, industrial growth, and urbanization. All these factors imply an increase in the energy consumption and growth in the energy demand. The population shift from rural to urban areas is one of the major drivers of excessive energy demand throughout the world. It is expected that by 2040, the global urban population will be almost double the rural population. Although technical advances are appearing to find out ways with which energy optimization can be done, meeting the needs of such a huge population growth is appearing to be a major challenge across the globe.

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Further, the report states that one of the major factors hindering the growth of this market is Highly fragmented nature of the market. In the global screw pumps market, there are a lot of global and regional vendors active in every region. Vendors are striving to bring innovation in screw pumps and also trying to expand in different regional markets in order to get a broader reach in each region. In order to enhance technical innovations in screw pumps, many competitors have emerged in the market, which has made it very difficult for the end-users to choose the best screw pumps in accordance to their needs.

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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.