Progressive Cavity Pump Market Revenue, Size, Competitors Strategy, Regional Analysis and Growth by Forecast to 2030
Research Reports
Mar 08, 2022
The Global Progressive Cavity Pump Market size 2022 is expanding ahead with a massive USD 4.29 Billion projects to score between 2022 and 2025. The net worth of the market is supposed to rise by 6.84% CAGR, claims Market Research Future, in its latest study.
Top Impacting Factors
The global Progressive Cavity Pump Market has been witnessing an ascending graph of demand owing to the soaring need for pumping shear-sensitive or viscous elements. The mechanism of a progressive cavity pump is enormously complex, but the utility served by these pumps is unparalleled. Uniqueness in operation of these pumps is expected to be the prime reason following trust of the consumers in the market. It is anticipated that multiple industries involve the pumping of viscous fluids in some capacity would contribute to the growth of the global market for progressing cavity pumps. These factors have been considered as prime ones to influence the market to expand in the future.
The demand within the market of progressing cavity pumps has taken a greater leap in recent times, as per the study. Such a progress is mainly due to the utility served by these pumps towards handling fluid with high viscosity. Also, several industries are actively making huge-scale investments to improve infrastructural setup, which has also been a plus point for the global market and its growth course.
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With this, due to the scantiness of fresh water sources, wastewater treatment plants have been installed across various regions. Since progressing cavity pumps are an intrinsic part of these wastewater treatment units, the demand within the market has witnessed an upsurge in recent times. Oil pumping has been an enormously vital area of operation, and the deployment of progressing cavity pumps for oil pumping has also generated demand within the global market. Furthermore, other areas of fluid pumping span across sewages and sludge, chemicals, coal slurry, and down-hole mud.
Some more factors such as excellent abrasion resistance, low surface noise levels and low profile surface equipment, as well as low maintenance are also estimated to expand the growth of the progressing cavity pumps market.
Top Market Players
The global progressive cavity pump manufacturers include National Oilwell Varco (US), Halliburton (US), Dover (US), Schlumberger (US), Xylem (US), Weatherford (US), Netzsch (Germany), Circor International, Inc. (US), Seepex (US), PCM (US), Moyno (US), Synopumps (India), ITT (US) and Sydex (Italy).
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Segmentation of Market: Progressing Cavity Pumps
The segment analysis of the progressive cavity pump global market is done by end-user and power ratings.
The power rating based segment of the progressive cavity pump global market are 51-150 hp, 50 hp, and above 150 hp. The 50 HP segment is likely to secure the highest share of the global market due to development of infrastructure.
The end-user based segment of the progressive cavity pump global market are oil & gas, water & wastewater, chemical & petrochemical, and food & beverage among more. The water & wastewater segment can thrive at the highest CAGR in the forecast period owing to rise in the demand for freshwater. In addition, increased application of progressive cavity pumps for sludge and waste treatment can also support the expansion of the market.
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Region-Wise Outlook
Trends of the Global Progressive Cavity Pump Market is studied across Asia Pacific, South America, Europe, North America, and the MEA. North America progressive cavity pump market is expected to rise at a considerable pace across the market research span. The escalation of funds for the execution of oil & gas and water & wastewater projects across different regions can support the regional market in the years to come. Governments in North America are invested in different water and wastewater projects that are expected to support the expansion of the progressive cavity pump market in the years ahead. Renowned regulatory organizations are funding projects by renowned companies for the improvement of rural water infrastructure. The growing demand for progressive cavity pump across different sectors can also support the expansion of the market in the region. In Asia Pacific, the rise in industrial application of progressive cavity pump, along with rapid increase in industries can support the regional market rise. In addition, the economic backbone of APAC is growing stronger, which, in turn can support the expansion of the progressive cavity pump market. The expansion of population base is boosting industrial dynamics that can contribute to the expansion of the regional market.
Contact Information:
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