What is Global Single Volute Twin Screw Pump Market?
The Global Single Volute Twin Screw Pump Market is a specialized sector that focuses on the production and distribution of single volute twin screw pumps. These pumps are a type of positive displacement pump that use two meshing screws to move fluids or solids along the pump's axis. The market is global in nature, meaning it encompasses the production, distribution, and sale of these pumps across the world. The single volute design refers to the shape of the pump casing, which is designed to handle the high pressures often associated with these types of pumps. This market is crucial to a variety of industries, including oil and gas, shipbuilding, and power generation, due to the pump's ability to handle a wide range of viscosities and pressures.
Sealed Twin-Screw Pumps, Non-sealed Twin-Screw Pumps in the Global Single Volute Twin Screw Pump Market:
The Global Single Volute Twin Screw Pump Market is divided into two main segments: Sealed Twin-Screw Pumps and Non-sealed Twin-Screw Pumps. Sealed Twin-Screw Pumps are designed with a sealing system that prevents the fluid being pumped from leaking out of the pump casing. This makes them ideal for handling hazardous or corrosive fluids. On the other hand, Non-sealed Twin-Screw Pumps do not have a sealing system. These pumps are typically used for non-corrosive, non-hazardous fluids. Both types of pumps play a crucial role in various industries, and their demand is determined by the specific requirements of each industry.
Oil and Gas Industry, Chemical Industry, Shipbuilding Industry, Power Industry, Others in the Global Single Volute Twin Screw Pump Market:
The Global Single Volute Twin Screw Pump Market plays a significant role in various industries such as the Oil and Gas Industry, Chemical Industry, Shipbuilding Industry, Power Industry, among others. In the Oil and Gas Industry, these pumps are used for the transportation of crude oil and natural gas, as well as in refineries for the processing of these resources. In the Chemical Industry, they are used to pump various chemicals with different viscosities. The Shipbuilding Industry uses these pumps for the transfer of fuel and other fluids. In the Power Industry, these pumps are used in power plants for the circulation of coolant and other fluids.
Global Single Volute Twin Screw Pump Market Outlook:
Looking at the market outlook, in 2023, the Global Single Volute Twin Screw Pump Market was valued at US$ 150.4 million. It is projected to grow to US$ 184.5 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 3.0% during the forecast period from 2024 to 2030. This growth is driven by the increasing demand for these pumps in various industries, technological advancements in pump design, and the expansion of industries where these pumps are used.
| Report Metric | Details |
| Report Name | Single Volute Twin Screw Pump Market |
| Accounted market size in 2023 | US$ 150.4 million |
| Forecasted market size in 2030 | US$ 184.5 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 |
