The twin screw pumps market is a significant segment within the industrial pumping industry. These pumps are specifically designed to deliver efficient and reliable pumping solutions across various sectors. Twin screw pumps are characterized by their positive displacement mechanism, where two intermeshing screws or rotors rotate within a cylindrical cavity, allowing for smooth and consistent fluid transfer.
The market is segmented on the basis of types and applications. Based on type, it is sub segmented into sealed and non-sealed. Sealed screw pumps feature a sealed design that prevents leakage and contamination of the pumped fluid. Sealed twin-screw pumps are particularly valuable in applications that require a clean and uncontaminated environment. Industries such as pharmaceuticals and food processing rely on these pumps to maintain stringent quality standards.
On the other hand, the non-sealed twin-screw pump segment consists of pumps that do not possess a sealed design. These pumps are commonly used in applications where a controlled amount of leakage is acceptable or even necessary, such as in certain chemical processes. Non-sealed twin-screw pumps offer versatility and flexibility in handling a wide range of fluids and viscosities.
Based on applications, the market is segmented into industries such as oil and gas, shipbuilding, power, and chemical. In the oil and gas industry, these pumps are employed for pumping crude oil, refined petroleum products, lubricants, and various chemicals involved in oil and gas operations. Additionally, twin screw pumps play a crucial role in the chemical industry, facilitating the transfer of diverse chemical substances.
Key Drivers of the Twin Screw Pumps Market
Growing Industrial Sectors
Industries such as oil and gas, chemicals, shipbuilding, and power are expanding globally, driving the demand for twin screw pumps. These sectors rely on efficient pumping systems to handle fluids, transfer materials, and ensure smooth operations. According to the US Energy Information Administration, despite an extension of OPEC+ production restrictions, global liquid fuel output will increase by 1.5 million b/d in 2023 and 1.3 million b/d in 2024, owing mostly to non-OPEC growth. Non-OPEC growth leaders include the US, Norway, Canada, Brazil, and Guyana. Similarly, the chemical industry’s data also reflects a growth in the coming years. For instance, according to the European Chemical Industry Council, AISBL’s 2021 reports, the global sales of the chemical sector increased by 15.2% from €3,494 billion in 2020 to €4,026 billion in 2021. The EU27 chemical industry came in second in overall sales with 14.7%, followed by the US with 10.9%.
Increasing Emphasis on Energy Efficiency
Energy efficiency has become a critical factor in industrial processes to reduce operational costs and minimize environmental impact. Twin screw pumps offer high energy efficiency, leading to reduced power consumption and operating expenses, which makes them a preferred choice for industries striving for sustainability.
Expansions and Innovations by Major Market Players
The twin screw pumps market has significant contributors such as Leistritz, RedScrew, Houttuin, Honghai Pump, Tianjin Pump Industry Machinery Group, ITT Bornemann, Wangen Pumpen, and others. These players assist in the market’s growth with the launch of new products and through collaborations and investments. Some of the recent developments include-
• In January 2023, CIRCOR International, Inc. launched the Houttuin 249.TT twin-screw pump, aimed at improving speed and flexibility in fluid transfer and unloading applications. This new pump, compliant with API 676 standards, is optimized for modern production technologies and offers benefits for various industries including oil and gas, chemical, food and beverage, and marine sectors. With features like self-priming, dry run capability, and low NPSH requirements, the Houttuin 249.TT provides process flexibility and efficient operation. The upgraded design and innovative features of the pump cater to the evolving needs of end users, delivering reliable performance in changing process conditions.
• In June 2022, NETZSCH Pumps North America, LLC, unveiled the NOTOS® Sanitary 2NSH Twin Screw Pump, specifically designed to cater to the needs of the food, beverage, chemical, pharmaceutical, and cosmetic industries. This FDA-compliant pump, meeting 3-A Sanitary Standards, ensures product integrity and maintains natural properties without compromising quality. The pump's unique full service-in-place (FSIP®) design allows for easy and quick disassembly without disconnecting it from the piping. With its wide capacity and pressure range, the NOTOS 2NSH Twin Screw Pump is capable of handling various viscosities, including shear-sensitive and shear-stable products. Its compact design and multiple mounting options make it a versatile choice for different industry applications.