Growing Automobile Industry to Aid Growth of Global Screw Pumps Market
Increasing FDI investments in water treatment coupled with growing oil & gas exploration activities to drive global screw pumps market through 2023 According to TechSci Research report, “ Global Screw Pumps Market By Type, By End Use, By Region, Competition, Forecast & Opportunities, 2013-202 3 ’’ , the global screw pumps market is forecast to reach $ 4.6 billion by 2023, predominantly owing to rising concerns regarding hazardous effects of wastewater. Rising water pollution has resulted in stringent regulations for wastewater and effluent discharge, which has further resulted in increasing number of sewage and wastewater treatment facilities across the globe, especially in developing economies such as India, Brazil, Malaysia, etc. Thus, expanding water treatment facilities is pushing demand for screw pumps, globally. Moreover, risk of water scarcity is growing at an alarming rate across the globe and it is estimate...