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Progressing Cavity Pump Market by Power, Region - Global Trends and Forecast to 2023

Progressing Cavity Pump Market: Forecast until 2023

  • May 2018
  • 127 pages
  • ID: 5391644
In this report:
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The water & wastewater management segment is expected to be the fastest-growing segment of the PCP market, with an estimated market size of USD ##,##.## million in 2018, which is projected to reach USD ##,##.## million by 2023, at a CAGR of ##.##% during the forecast period.

Summary

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The progressing cavity pump market is estimated to rise at a compound annual growth rate of ~6.2 percent, from 2018 to 2023.

The progressing cavity pump market is forecasted to grow from an estimated ~$3.0B in 2018 to ~$4.1B by 2023, at a compound annual growth rate (CAGR) of ~6.2 percent, from 2018 to 2023. Growing investments in modernizing water & wastewater infrastructure, infrastructure development, and suitability for handling high viscosity fluids is driving the industry for progressing cavity pumps across the globe.

The water & wastewater management segment is expected grow at the quickest rate of the progressing cavity pump market, by end-user, during the outlook period.

The water & wastewater management segment of the overall progressing cavity pump market is anticipated to grow at a quick pace during the estimate period.This can be connected to quick increase in industrialization and urbanization across the globe.

Rising use of progressing cavity pumps in industries including water & wastewater, oil & gas, process markets, chemicals, and mining due to their high efficiency, wide capacity range, flow rate, and ease of operation and maintenance would drive the sector to grow at quickest rate during the outlook period.

North America (NA): The largest industry for progressing cavity pump

North America continent is the biggest market for progressing cavity pumps, succeeded by Asia Pacific (APAC) and Europe (EU).The progressing cavity pump market would be primarily driven by the industrial demand from the US market, particularly from the water & wastewater, chemical, and oil & gas markets.

Aging power & water infrastructure and the reshoring of manufacturing in the USA, increasing chemicals and food & beverage market in Canada (CA) are likely to positively impact the progressing cavity pump market. Furthermore, focus on developing new water & wastewater infrastructure, especially in the US would aid in growing the industry demand for progressing cavity pump in this area.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject-matter experts, C-suite executives of key industry players, and industry consultants, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects. The classification of primaries interviews is like:

• By Company category: Tier 1 - 60.0 percent, Tier 2 - 30.0 percent, and Tier 3 - 10.0 percent

• By Description: C-suite - 60.0 percent, D-Level - 30.0 percent, Others - 10.0 percent

By area: North america (NA) - 35.0 percent, Europe - 20.0 percent, Asia Pacific - 20.0 percent, South & Central America - 15.0 percent, Middle East & Africa - 10.0 percent

Note: The 1/3 of the companies, the tiers of the corporations has been defined on the basis of their final revenue; as of 2016: Tier 1 = >USD 5 billion, Tier 2 = $1.0B to $5.0B, and Tier 3 =

The key players in the progressing cavity pump market are Schlumberger, National Oil Well, Xylem, NETZSCH, PCM, Weatherford, Halliburton, Borets, Dover, National Oilwell, CIRCOR, PCM, and Seepex.

Segment Research

The study offers a picture of the progressing cavity pump market across the pump sector and territories.It aims at evaluating the market value and future increase potential of the market across distinct segments including power rating, end-user, and area.

Moreover, the analysis includes a detailed competitive analysis of the top players in the industry together with their company descriptions, latest developments, and key industries strategies.

For the purpose of this report, the market has been split on the basis of power rating, end-user, and area, with a focus on industry study, market ranking study of the top actors, supply chain research, and company descriptions, which together comprise and evaluate the basic overviews on the competitive landscape, coming out and high-growth segments of the progressing cavity pump market, high-growth areas, and sector drivers, industry restraints, and alternatives.

This study furnishes highlights on the following points:

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the progressing cavity pump market

• Market Development: Highlighted information about profitable emerging sectors; the industry report examines the industries for progressing cavity pumps across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall progressing cavity pump market

Why acquire this industry report?

1. The study determines and addresses main markets for the deployment of progressing cavity pumps in different industries, which would help manufacturers review the rise in demand.

2. The analysis benefits solutions providers distinguish the pulse of the sector and offer business insights into drivers, market restraints, and opportunities.

3. The market research will facilitate top players comprehend the strategies of their competitors better and will facilitate in making tactical conclusions.

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