The total value of the global progressing cavity pump market was USD 2,244 million in 2022, and it will rise at a growth rate of above 5.2% shortly, reaching USD 3,366 million by 2030, according to P&S Intelligence.
This growth can be credited to the increasing demand for such pumps in the utilization of improved oil recovery and other upriver processes, the rising concentration and steps for advancing water and wastewater supervision practices, and the growing applications in energy generation because of their cost-efficiency.
The demand for power throughout the globe is rising significantly, which, ultimately, is accountable for the growth in the requirement for fossil fuels for power production. As per the newest edition of the IEA’s semi-annual Electricity Market Report, the power requirement, which had tumbled to 1% in 2020 because of the influences of the pandemic, had grown near to 5% in 2021, and this is projected to remain growing in the future, which has been boosted by the worldwide economic recovery. Most of the demand for electricity generation mostly comes from the APAC region, largely China and India.
Wastewater recycling is very vital for dealing with water shortage and its problems. Governments in several regions are concentrating on refining wastewater supervision to deal with water shortage. Nations are accepting numerous methods of wastewater management, ecosystem-based management, and connecting industries and are receiving instant benefits from improved wastewater management.
As per the World Bank, 36% of the globe’s total populace is living in water-scarce areas. Correspondingly, quick urbanization has amplified water-associated difficulties, like degraded water excellence and insufficient supply of water.
In the coming few years, the up to 50 hp category, is expected to experience the highest CAGR, of 6.1%, in the progressing cavity pump market. This is mainly because 50 hp pumps are utilized in efficiently maintaining pumping applications and the rapidity of pumps for sticky fluids hinges on the power rating.
Also, such pumps are progressively been accepted by different industries like wastewater treatment, chemicals & petrochemicals, oil & gas, and food & beverages, as they include applications like management of food waste and chemicals comprising viscous materials and others.
The increasing demand for technological improvements in solutions for the managing of different manufacturing plants in China and India brands the APAC region an industry leader, with a market share of 38% in 2022. Furthermore, this is also boosted by advancing the economic circumstances of nations and growing industrialization in the region.
COVID-19 Impact Analysis on Progressing Cavity Pumps Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
The report encompasses data regarding market share and recent developments by key players.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the progressing cavity pumps market include National Oilwell Varco, SEEPEX GmbH, Circor International, Vogelsang USA, Borger GmbH, SEKO S.p.A, Artemis PC Pumps Systems Ltd, Mono Pumps, Netzsch pumps, Wangen Germany,Nova Rotors Srl, Liberty Process Equipment, and Continental Ultra Pumps.This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Progressing Cavity Pumps Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/progressing-cavity-pumps-market/download-sampleMarket DynamicsThe growing utilization of PCPs in improved oil recovery and several other upstream processes is the major factor driving the Progressing cavity pumps market.
The progressive cavity pumps are mostly used for continuous, gentle conveyance and precise dosing owing to their high process liability, high suction capacity, and versatility leads to high market demand in various pumping applications.
Moreover, the increasing investments in water & wastewater treatment plants in developing nations are likely to create lucrative growth opportunities for key players of the Progressing cavity pumps market in the coming years.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
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Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.
The statistics are represented in graphical format for a clear understanding on facts and figures.
The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
By Application, the market can be split into Oil & GasFoodIndustry The following manufacturers are covered in this report: Schlumberger LimitedWeatherford International plcBaker Hughes IncorporatedGeneral Electric CompanyHalliburton CompanyBoretsBELLIN S.p.aTHE VERDER GROUPNova rotorsJOHSTADTSeepexCsfSydexBeinlichVARISCO S.p.A.Colfax Fluid HandlingITT BornemannSulzerPumpenfabrik Wangen GmbHNetzschPCM The Report covers in-depth analysis as follows: 1 Industry Overview of Progressing Cavity Pumps2 Manufacturing Cost Structure Analysis of Progressing Cavity Pumps3 Technical Data and Manufacturing Plants Analysis of Progressing Cavity Pumps4 Global Progressing Cavity Pumps Overall Market Overview5 Progressing Cavity Pumps Regional Market Analysis6 Global 2013-2018E Progressing Cavity Pumps Segment Market Analysis (by Type)7 Global 2013-2018E Progressing Cavity Pumps Segment Market Analysis (by Application)8 Major Manufacturers Analysis of Progressing Cavity Pumps9 Development Trend of Analysis of Progressing Cavity Pumps Market10 Progressing Cavity Pumps Marketing Type Analysis11 Consumers Analysis of Progressing Cavity Pumps12 Conclusion of the Global Progressing Cavity Pumps Market Professional Survey Report 2017 Buy this report : https://www.upmarketresearch.com/buy/progressing-cavity-pumps-market “Global Progressing Cavity Pumps Market Industry Analysis and Forecast 2018-2023” report helps the clients to take business decisions and to understand strategies of major players in the industry.
