Global Screw Pumps Market is projected to reach USD 4.6 billion by 2023 | Techsci Research
Global screw pumps market stood at $ 3 billion in 2017 and is projected to reach $ 4.6 billion by 2023. Anticipated increase in screw pump sales can be attributed to robust growth in water treatment industry and rising oil & gas exploration activities.
Global screw pumps market stood at $ 3 billion in 2017 and is projected to reach $ 4.6 billion by 2023. Anticipated increase in screw pump sales can be attributed to robust growth in water treatment industry and rising oil & gas exploration activities.
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R e s e a r c h M e t h o d o l o g y<br />
Respondents were asked about the current and future market growth rates, market shares <strong>by</strong> pump type, <strong>by</strong> end-use and <strong>by</strong><br />
region. Removing the outlier responses, the geometric mean of growth estimates and product w<strong>is</strong>e revenue shares generated<br />
across various segments were considered, <strong>to</strong> arrive at the final revenue shares. Revenue shares generated across various<br />
segments were further triangulated from other stakeholders depending upon the type of screw pumps.<br />
Methodology Followed for Calculation of <strong>Market</strong> Shares:<br />
<strong>Market</strong> shares <strong>by</strong> screw pump type, <strong>by</strong> application, <strong>by</strong> region, and <strong>by</strong> company were calculated based on the responses<br />
received through primary surveys with industry experts, in which the respondents were asked about the market shares or<br />
revenue generated from various types of screw pumps. The final shares were calculated <strong>by</strong> taking the geometric mean of the<br />
responses gathered from key opinion leaders after eliminating the outliers. For market shares <strong>by</strong> different market segments<br />
across countries in the world, respondents provided the rankings and ratings for the use of screw pumps in end-use industries<br />
of different countries, on the bas<strong>is</strong> of the industry concentration in each country. Further, the market shares were estimated<br />
for the h<strong>is</strong><strong>to</strong>ric period with the help of industry output for all the end user industries in a particular country.<br />
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