What is Global Double Volutes Twin Screw Pump Market?
The Global Double Volutes Twin Screw Pump Market is a specialized sector that focuses on the production and distribution of double volutes twin screw pumps. These pumps are designed with two volutes, or spiral-like structures, that aid in the pumping process. The global market for these pumps was valued at a significant US$ 334.9 million in 2023. The market is expected to grow and reach an estimated value of US$ 410.6 million by 2030. This growth is projected to occur at a steady Compound Annual Growth Rate (CAGR) of 3.0% during the forecast period of 2024 to 2030. The market's growth is driven by various factors, including the increasing demand for efficient pumping solutions in various industries and the technological advancements in pump design and function.
Sealed Twin-Screw Pumps, Non-sealed Twin-Screw Pumps in the Global Double Volutes Twin Screw Pump Market:
The Global Double Volutes Twin Screw Pump Market is divided into two main segments based on the type of pump: Sealed Twin-Screw Pumps and Non-sealed Twin-Screw Pumps. Sealed Twin-Screw Pumps are designed with a sealing mechanism that prevents leakage and ensures efficient pumping. On the other hand, Non-sealed Twin-Screw Pumps do not have this sealing mechanism and are typically used in applications where leakage is not a major concern. Both types of pumps have their unique advantages and are used in various industries based on their specific requirements.
Oil and Gas Industry, Chemical Industry, Shipbuilding Industry, Power Industry, Others in the Global Double Volutes Twin Screw Pump Market:
The Global Double Volutes Twin Screw Pump Market finds its applications in various industries including the Oil and Gas Industry, Chemical Industry, Shipbuilding Industry, Power Industry, and others. In the Oil and Gas Industry, these pumps are used for the efficient transportation of crude oil and natural gas. In the Chemical Industry, they are used for the pumping of various chemicals and solutions. The Shipbuilding Industry uses these pumps for various applications including fuel transfer and bilge pumping. In the Power Industry, these pumps are used for cooling systems and boiler feed applications.
Global Double Volutes Twin Screw Pump Market Outlook:
The future outlook for the Global Double Volutes Twin Screw Pump Market is promising. The market, which was valued at US$ 334.9 million in 2023, is expected to grow at a steady CAGR of 3.0% from 2024 to 2030, reaching an estimated value of US$ 410.6 million. This growth is driven by the increasing demand for these pumps in various industries and the continuous advancements in pump technology. The market's growth potential is further enhanced by the increasing global focus on energy efficiency and the growing need for effective pumping solutions.
| Report Metric | Details |
| Report Name | Double Volutes Twin Screw Pump Market |
| Accounted market size in 2023 | US$ 334.9 million |
| Forecasted market size in 2030 | US$ 410.6 million |
| CAGR | 3.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Colfax, ITT Bornemann, Flowserve, SPX FLOW, Leistritz, HMS Livgidromash, Klaus Union, Netzsch, Wangen Pumps, PSG, Seim S.r.l., Fristam, Kosaka Laboratory, SOMA Pumps, CTP, Huangshan RSP |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
