DUBLIN — The global screw pumps market is projected to reach $6.98 billion by 2026, according to a new report by Research and Markets. “Global Screw Pumps Market By Type (Progressive Cavity Pumps, Twin Screw Pumps and Triple Screw Pumps), By End Use Sector (Oil and Gas, Water Treatment, Power, Chemicals, Food and Beverages, and Others), Competition Forecast and Opportunities, 2012-2026” reveals a growing demand from various end-use industries, such as oil and gas, food and beverages, pharmaceutical, and water and wastewater treatment, is projected to drive the global market for screw pumps in the coming years. Major developing countries in Asia-Pacific, such as China, India, and Singapore, are registering huge demand for screw pumps.

Moreover, upsurge in infrastructural development projects across process industries, improving the standard of living, and rapid industrialization in the Asia-Pacific region are accelerating the need for better sanitation, infrastructure, and food delivery systems in developing economies, consequently aiding the global screw pumps market.