The development prospect of the screw

Update:09-03-2019
Summary:

Global screw pumps market stood at $ 3 billion in 2017 […]

Global screw pumps market stood at $ 3 billion in 2017 and is projected to reach $ 4.6 billion by 2023 Anticipated increase in screw pump sales can be attributed to robust growth in water treatment industry and rising oil & gas exploration activities.

Water pollution is increasing at an alarming rate globally, and consequently the need for pure & clean water is also increasing, which in turn is fuelling demand for screw pumps for faster and better treatment of water. 

Moreover, with growing automobile industry across the globe, demand for screw pumps is further expected to increase for oil extraction, refining, manufacturing & transport processes. Additionally, expanding food & beverages industry is anticipated to fuel growth in global screw pumps market during forecast period.

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