Twin-Screw Pumps are double-ended, self-priming positive displacement pumps with external bearings and timing gears. They can work with almost any non-homogeneous fluid, irrespective of viscosity, lubricity, or abrasiveness, such as saltwater, bitumen, molasses, lime, acid, caustic solution, or hydrocarbon. Moreover, these pumps come in two types- multiphase and non-multiphase
Market Drivers and Demand
According to OMR Research, the global twin screw pumps market is projected to grow at a CAGR of 4.3% during the forecast period (2023–2029). The factors that are driving the market are the pumps’ applications and features. For instance, twin screw pumps are useful in waste removal, mixing and blending, fluid transfer, vapor recovery, pipeline transport, crude oil gathering, and others.
These applications are primarily done in industries, including oil and gas, refineries, food and beverage, storage and transportation, the chemical industry, the power industry, the shipbuilding industry, personal care, pharmaceuticals, sewage and wastewater treatment, and others. Twin screw pumps are a popular choice for sanitary processors in the food, beverage, personal care, and other high purity sectors due to their precise tolerances and ability to pump a broad variety of viscosities and temperatures, as well as their exceptionally economical cost of ownership.
The growth of the above end-user industries will assist in the market’s growth. For instance, according to the US Energy Information Administration, global liquid fuel output will grow by an average of 1.1 million b/d in 2023 and 1.5 million b/d in 2024, from around 100.0 million b/d in 2022. With this, it can be depicted that the use of twin screw pumps will increase as well.
Another reason for the market’s growth is the increasing demand for power or electricity, which increases offshore production and exploration activities. According to the International Energy Agency (IEA), worldwide energy consumption will rise by 5,900 terawatt-hours (TWh) under the Stated Policies Scenario (STEPS) and by more than 7,000 TWh under the Announced Pledges Scenario (APS) by 2030.
Recent Developments
• The key companies in the twin screw pumps market include NETZSCH, Flowserve, Colfax (Warren), Almatec Maschinenbau GmbH, Ampco Pumps, Maag, SPX FLOW, Holland Legacy Pump Group, Axiflow/Jung, Leistritz, RedScrew, Houttuin, Honghai Pump, ITT Bornemann, Wangen Pumpen, Tianjin Pump Industry Machinery Group, and others. These market players adopt various strategies such as product launches, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market and help meet market demand. Some of the recent developments in the market include-
• In January 2023, CIRCOR International, Inc. announced a new product in its Houttuin 200 series, the 249.TT. This new twin-screw pump complies with API 676, was created to work with current shaft-sealing solutions, and was enhanced for contemporary production techniques. It is suitable for oil and gas applications as well as any process and transportation activities in the chemical, non-hygienic food and beverage, maritime, and other sectors.
• In June 2022, NETZSCH Pumps North America, LLC, introduced the NOTOS® Sanitary 2NSH Twin Screw Pump, which is excellent for the food, beverage, chemical, pharmaceutical, and cosmetic sectors. The pump ensures product integrity and natural qualities while operating at low and high working pressures. The FDA-compliant pump complies with 3-A Sanitary Standards and can be simply removed for convenient maintenance.
• In June 2021, the Verder Group, a Dutch family-owned company that manufactures and distributes pumps and laboratory equipment, announced the acquisition of Xylem's Jabsco rotary lobe pump product line. The acquisition expands the Verder Group's services in the food and beverage and pharmaceutical industries.