Progressing Cavity Pump - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Progressing Cavity Pump Market is accounted for $3.30 billion in 2019 and is expected to reach $6.21 billion by 2027 growing at a CAGR of 8.2% during the forecast period. While the factors like increasing demand from water & wastewater management and infrastructure industry in Asia Pacific and suitability for handling high-viscosity fluids are propelling the market growth. However, moderate to high maintenance cost and stagnancy in the oil & gas industry are hampering the growth of the market.
A progressing cavity pump is a type of optimistic displacement pump that is also referred to as the progressing cavity pump. Furthermore, it transfers liquids via a pump through tiny and fixed-shape discrete cavities. These products are employing in fluid meters as well as pumping of viscous & shear sensitive objects.
Based on the end user, the water & wastewater management segment is estimated to have a lucrative growth due to the rising need to reduce life cycle costs and develop operating margins.
By geography, North America is going to have a lucrative growth during the forecast period due to the massive demand for the product across wastewater treatment, oil & gas, and chemical sectors in the countries like the U.S. Apart from this, need for upgrading water infrastructure facility & reshoring of production activities in the developed countries like the U.S. will embellish the regional market trends.
Some of the key players profiled in the Progressing Cavity Pump Market include Pk Borets Ooo, Weatherford International Plc., Xylem Inc.,Apergy Corp., Circor Inc., Dover Corporation, Baker Hughes Company, J J Tech, National Oilwell Varco, Pcm Inc., Roto Pumps, Schlumberger Limited, Erich Netzsch Gmbh & Co. Holding Kg, Varisco, and Halliburton Company.
Power Rating’s Covered:
• Up to 50 HP
• 51–150 HP
• Above 150 HP
• Dosing Pump
• Flanged Pump
• Food Grade
• Sanitary Progressive Cavity Pump
• Hopper Pump
• Immersion Pump
Stator Profile Types Covered:
• Long Geometry
Stage Types Covered:
• Single Stage (90-Psi)
• Double Stage (180-Psi)
• Four Stage (360-Psi)
• Eight Stage (820-Psi Rated)
End Users Covered:
• Chemical & Petrochemical
• Food & Beverage
• Water & Waste Management
• Oil & Gas
• Metering Technology
• Geothermal Power
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
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o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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