14 December 2018
– The Global Progressing
Cavity Pumps Market is expected to display higher growth rate
over the next seven years. The market is subject to witness a substantial
growth due to the increasing requirement of high-end systems to handle high
viscosity fluids, rise in funding by regional governments in infrastructure
development activities, and rising adoption of wastewater treatment plants for
uninterrupted and quality water supply.
Growth in spending by government authorities to modernize
water & wastewater infrastructure, increasing infrastructure development
activities, and increasing demand for advanced systems to manage high viscosity
fluids are expected to drive the growth of the market over the forecast period.
Globally, the market is predicted to generate massive revenue over next seven
years, providing numerous opportunities for market players to invest for
research and development in the progressing cavity pump market.
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Progressing Cavity Pump (PCP) systems are majorly derived to
handle heavy and viscous crudes displaying a wide capacity and higher flow
rate. Progressing cavity pumps are increasingly used in low-production and
deviated wells, which are having lower inflow, high GOR at the pump intake,
scales and solids, thus offering the long term and reliable operation. The
progressing cavity pumps offer higher performance, minimum maintenance and
reliable operation in comparison with its counterparts such as ESP or other
Artificial Lift Systems.
The market is broadly categorized into five major segments
based on the application type such as water & wastewater sector, oil &
gas industry, process industries, chemicals industry, and mining sector. The
water & wastewater sector is considered as one of the fastest growing
segment in the progressing cavity pumps market with substantial revenue
generation in the last few years. Growing popularity of progressing cavity
pumps in the water & wastewater segment is attributed to the robust growth
in industrialization and urbanization across the globe. The oil & gas segment
has also witnessed substantial growth owing to the higher efficiency, wide
capacity range, higher flow rate, ease of operation, and minimum maintenance.
The market is divided by region as North America, Europe,
Asia-Pacific, Latin America and Africa. North America has shown major growth in
recent years owing to the rise in the implementation of latest technologies in
water management sector, increase in the number of infrastructural activities
in the region, favorable government initiatives, and existence of
well-established industrial infrastructure.
The key players in the progressing cavity pumps market are
Schlumberger, Inc., National Oil Well Co., Xylem, Inc., NETZSCH S.A., PCM Co.,
Weatherford, Inc., Halliburton Co., Borets Ltd., Dover Co., National Oilwell
Varco Co., CIRCOR International, Inc., PCM, Inc., and Seepex Inc.
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Market Segment:
Market Leaders
• Schlumberger Limited
• Weatherford International plc
• The Verder Group
• GE Baker Hughes Incorporated
• Halliburton Company
Key Topics
• Progressing Cavity Pumps
• Progressing Cavity Pump Types
• Dosing Pump
• Flanged Pump
• Hopper Pump
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