Progressing Cavity Pump Market – Global Trends and Forecast to 2023 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Progressing
Cavity Pump Market by Power Rating (Up to 50 hp, 51-150 hp, Above 150
hp), End User (Oil & Gas (Application, Well Type), Water & Wastewater,
Food & Beverage, Chemical & Petrochemical), Region – Global Trends and
Forecast to 2023" report has been added to ResearchAndMarkets.com's
offering.

The progressing cavity pump market is projected to grow from an
estimated USD 3.02 billion in 2018 to USD 4.08 billion by 2023, at a
CAGR of 6.24%, from 2018 to 2023

Increasing investments in modernizing water & wastewater infrastructure,
infrastructure development, and suitability for handling high viscosity
fluids is driving the market for progressing cavity pumps across the
world.

The water & wastewater management segment of the global progressing
cavity pump market is expected to grow at a fast pace during the
forecast period. This can be attributed to rapid growth in
industrialization and urbanization across the world. Increasing use of
progressing cavity pumps in industries such as water & wastewater, oil &
gas, process industries, chemicals, and mining due to their high
efficiency, wide capacity range, flow rate, and ease of operation and
maintenance would drive the market to grow at fastest rate during the
forecast period.

North America is the largest market for progressing cavity pumps,
followed by Asia Pacific and Europe. The progressing cavity pump market
would be mainly driven by the industrial demand from the US market,
particularly from the water & wastewater, chemical, and oil & gas
sectors. Aging power & water infrastructure and the reshoring of
manufacturing in the US, growing chemicals and food & beverage sector in
Canada are likely to positively impact the progressing cavity pump
market. Moreover, focus on developing new water & wastewater
infrastructure, especially in the US would aid in increasing the demand
for progressing cavity pump in this region.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Progressing Cavity Pump Market, By Power Rating

7 Progressing Cavity Pump Market, By End-User

8 Progressing Cavity Pump Market, By Region

9 Competitive Landscape

10 Company Profiles

• Borets
• Schlumberger
• Dover
• Weatherford
• Halliburton
• National Oilwell Varco
• Circor
• Xylem
• Netzsch
• PCM
• Seepex
• ITT
• J J Tech
• Roto Pumps
• Nova Rotors
• Baker Hughes, A Ge Company
• Varisco

For more information about this report visit https://www.researchandmarkets.com/research/wrvggj/progressing?w=4

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Related
Topics: Pumps