Archimedean Screw Pumps Market to Be Worth $274.2 Million by 2030—Exclusive Report by Meticulous Research®
Archimedean Screw Pumps Market to Be Worth $274.2 Million by 2030—Exclusive Report by Meticulous Research® Yahoo Finance
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Archimedean Screw Pumps Market by Type (Enclosed Screw Pumps, Open Screw Pumps), Application (Sewage Treatment, Irrigation, Industrial Applications, Stormwater Management, Drainage, and Power Generation), and Geography – Global Forecast to 2030
Meticulous Market Research Pvt. Ltd.
Redding, California, Aug. 31, 2023 (GLOBE NEWSWIRE) — According to a new market research report titled, ‘Archimedean Screw Pumps Market by Type (Enclosed Screw Pumps, Open Screw Pumps), Application (Sewage Treatment, Irrigation, Industrial Applications, Stormwater Management, Drainage, and Power Generation), and Geography—Global Forecast to 2030.’ The Archimedean screw pumps market is projected to reach $274.2 million by 2030, at a CAGR of 2.7% from 2023–2030.
Archimedean screw pumps are a special type of volumetric pump used particularly in wastewater treatment plants for pumping industrial or municipal wastewater. It is also used for drainage purposes in combination with windmills, steam engines, or diesel engines. In addition, it offers various benefits such as the capacity to pump raw water with heavy solids and floating debris, pumping activated sludge, resistance to pollution, and extremely reliable and simple.
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The growth of the Archimedean screw pumps market is driven by the growing adoption of Archimedean screw pumps in industrial applications and the increasing utilization of Archimedean screw pumps in sewage treatment. However, the high installation, maintenance, and operating costs of Archimedean screw pumps restrain the growth of this market. The growing demand for Archimedean screw pumps in stormwater management and power generation is expected to generate growth opportunities for the players operating in this market. However, the high-cost burden of Archimedean screw pumps for small-scale businesses is a major challenge for market growth. Growing demand for renewable energy and technological advancements in Archimedean screw pumps are the latest trends in the Archimedean screw pumps market.
The Archimedean screw pumps market is segmented by type (open screw pumps [concrete troughs and steel trough liners] and enclosed screw pumps), application (sewage treatment, irrigation, power generation, stormwater management, drainage, industrial applications, and other applications). The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on type:
- In 2023, the open screw pumps segment is expected to account for the larger share of the global Archimedean screw pumps market. The large market share of this segment is attributed to the minimal maintenance for the moving parts, variable pumping capacity without the need for unique controls, and increasing adoption of open screw pumps for their higher pumping capacities and high efficiency. Also, this segment is projected to register a higher CAGR during the forecast period.
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Based on application:
- In 2023, the sewage treatment segment is expected to account for the largest share of the global Archimedean screw pumps market. The large market share of this segment is attributed to the rising adoption of pumps to lift large quantities of sewage, increasing demand for Archimedean screw pumps due to their simple design, maintenance, and wide range of flow rates and making them suitable for transporting varying volumes of wastewater. Also, this segment is projected to register a higher CAGR during the forecast period.
SDGs, Targets, and Indicators Analysis
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 6: Clean Water and Sanitation
- SDG 7: Affordable and Clean Energy
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 11: Sustainable Cities and Communities
- SDG 12: Responsible Consumption and Production
- SDG 13: Climate Action
The article discusses the Archimedean screw pumps market, which is primarily used in sewage treatment, industrial applications, stormwater management, drainage, and power generation. These issues are directly connected to the SDGs mentioned above.
2. What specific targets under those SDGs can be identified based on the article’s content?
- SDG 6.3: By 2030, improve water quality by reducing pollution, eliminating dumping and minimizing release of hazardous chemicals and materials.
- SDG 7.2: By 2030, increase substantially the share of renewable energy in the global energy mix.
- SDG 9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes.
- SDG 11.6: By 2030, reduce the adverse per capita environmental impact of cities, including by paying special attention to air quality and municipal and other waste management.
- SDG 12.4: By 2020, achieve the environmentally sound management of chemicals and all wastes throughout their life cycle, in accordance with agreed international frameworks, and significantly reduce their release to air, water, and soil to minimize their adverse impacts on human health and the environment.
- SDG 13.2: Integrate climate change measures into national policies, strategies, and planning.
These targets are relevant to the issues discussed in the article and can be used to measure progress towards achieving the desired outcomes.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
Yes, the article mentions several indicators that can be used to measure progress towards the identified targets:
- Market size and growth rate of the Archimedean screw pumps market
- Adoption rate of Archimedean screw pumps in industrial applications
- Utilization rate of Archimedean screw pumps in sewage treatment
- Installation, maintenance, and operating costs of Archimedean screw pumps
- Demand for Archimedean screw pumps in stormwater management and power generation
- Demand for renewable energy
- Technological advancements in Archimedean screw pumps
These indicators can be used to assess progress towards achieving the targets mentioned above.
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 6: Clean Water and Sanitation | 6.3: By 2030, improve water quality by reducing pollution, eliminating dumping and minimizing release of hazardous chemicals and materials. | Market size and growth rate of the Archimedean screw pumps market |
| SDG 7: Affordable and Clean Energy | 7.2: By 2030, increase substantially the share of renewable energy in the global energy mix. | Adoption rate of Archimedean screw pumps in industrial applications |
| SDG 9: Industry, Innovation, and Infrastructure | 9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes. | Utilization rate of Archimedean screw pumps in sewage treatment |
| SDG 11: Sustainable Cities and Communities | 11.6: By 2030, reduce the adverse per capita environmental impact of cities, including by paying special attention to air quality and municipal and other waste management. | Installation, maintenance, and operating costs of Archimedean screw pumps |
| SDG 12: Responsible Consumption and Production | 12.4: By 2020, achieve the environmentally sound management of chemicals and all wastes throughout their life cycle, in accordance with agreed international frameworks, and significantly reduce their release to air, water, and soil to minimize their adverse impacts on human health and the environment. | Demand for Archimedean screw pumps in stormwater management and power generation |
| SDG 13: Climate Action | 13.2: Integrate climate change measures into national policies, strategies, and planning. | Demand for renewable energy and technological advancements in Archimedean screw pumps |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: finance.yahoo.com
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