PUBLISHER: Value Market Research | PRODUCT CODE: 1542577
PUBLISHER: Value Market Research | PRODUCT CODE: 1542577
The global demand for Progressing Cavity Pumps Market is presumed to reach the market size of nearly USD 7.69 Billion by 2032 from USD 4.07 Billion in 2023 with a CAGR of 7.32% under the study period 2024-2032.
A progressive or progressing cavity pump is a positive displacement pump, and it is made to handle high viscous fluids and exceptionally tough pumping applications. Progressive cavity (PC) pumps are flow-creating devices that move fluid at a steady speed without considering the pressure on the inlet end. It is a highly versatile pump that can do a range of jobs. For example, it is entirely designed for metering chemicals and pumping abrasive, viscous, or shear-sensitive materials. The other important applications include metering and dosing, grout or cement pumping, and lubrication oil pumping. Due to its several application, it is majorly utilized in several sectors such as wastewater treatment plants, chemical manufacturing, oil pumping/petroleum production, food and beverage processing, and pulp and paper.
The 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. The expanding demand for PC pumps from new plant installations, unit expansions, and unit upgrades is positively impacting the Progressing cavity pumps market's growth. 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. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Progressing Cavity Pumps. The growth and trends of Progressing Cavity Pumps industry provide a holistic approach to this study.
This section of the Progressing Cavity Pumps market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Progressing Cavity Pumps market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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, NOV Inc., Weatherford International, ChampionX Corporation, Circor International Inc., Borets International Ltd., Roto Pumps Limited, Mono Pumps, Nova Rotors Srl, Liberty Process Equipment, SEKO, Continental Ultra Pumps, Artemis PC Pump Systems Ltd, Amperex Technology Limited, INOXPA Group, Syno Pumps, Moyno Inc. 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.
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