Uploaded on Sep 15, 2020
Progressive Cavity Pump Market Size, Industry details
Global Progressive Cavity Pump Market Research Report Information
GLOBAL PROGRESSIVE CAVITY
PUMP MARKET RESEARCH Forecast till 2025
REPORT INFORMATION
INDUSTRY INSIGHT
The Global Progressive Cavity Pump Market size 2020 is expanding
ahead with a massive USD 4.29 Billion projects to score between
2019 and 2025. The net worth of the market is supposed to rise by
6.84% CAGR, claims Market Research Future, in its latest study.
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SEGMENTATION OF MARKET:
PROGRESSING CAVITY PUMPS
The global progressive cavity pump market is further segmented among
power ratings and end-user.
Depending on the power rating segment, the global market has included
up to 50 hp, 51-150 hp, and above 150 hp. Where up to 50 HP segment
might hold the largest share owing to a surge in infrastructure
development.
Depending on the end-user segment, the global market has included
water & wastewater, oil & gas, food & beverage, chemical &
petrochemical, and more. Out of which, the water & wastewater segment
is estimated to expand at the highest CAGR during the forecast period as
increasing demand for freshwater, rise in the use of progressive cavity
pumps in water treatment plants for polymers, sludge, and waste is
doubled.
REGION-WISE OUTLOOK
Regionally, the Global Progressive Cavity Pump Market is studied for the regions of
Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.
Among these, the market in North America leads in terms of market share due to
a surge in the funds for water & wastewater and oil & gas industry in the US &
Canada. In the case of point, in July 2019, Canada Infrastructure Bank (CIB)
published an expenditure of USD 20 million in the Mapleton’s water and
wastewater project. Also, in September 2019, the US Department of Agriculture
(USDA) announced investing USD 144 million to improve rural water infrastructure
in 25 states of the US. Such investments raised the demand for progressive cavity
pump market in North America.
Asia-Pacific region also leads the market growth across the globe in the year
2018, with most of the demand from China and India. This was owing to rising
economies and a growing population. The Asia Pacific is at present the fastest-
growing region, and this trend would be the same in the forecast period.
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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ump-market-8607
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