Sarasota, FL -- (SBWIRE) -- 07/18/2018 -- Global Progressing Cavity Pump Market: Overview

A progressive cavity pump alternatively known as progressing cavity pump is a sort of positive displacement pump that transfers the solution with the help of progress, via the pump, of a series of fixed, small shape discrete cavities. These pumps find applications in the pumping of the shear-sensitive or viscous materials and for fluid metering.

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Global Progressing Cavity Pump Market: Growth Factors

The increasing demand for the progressing cavity pump and the growing investments in the water and wastewater sectors are driving the growth of the progressing cavity pump market. It is anticipated that water and wastewater management sector is the major end-user industry for the market. In applications such as commercial, residential buildings, and industrial plants there is a wide utilization of the overhung impeller pumps. They are also used by other end-user industries such as power generation industry owing to its low cost. Based on the power rating, the segment that anticipates holding major share is up to 50 hp owing to its minimized flow and power, maximum volumetric and mechanical efficiency, and growing investments in the industrial segment.

Global Progressing Cavity Pump Market: Segmentation

The global progressing cavity pump market can be segmented into power rating, application, well type, and by end-user. On the basis of power rating, the market is divided into above 150 hp, 51–150 hp, and up to 50 hp. Based on the end-user, the progressing cavity pump market is categorized into oil & gas, water & waste management, chemical & petrochemical, food & beverage, and others. On the basis of application, the market is segregated into offshore and onshore. Based on the well type, the global market is fragmented into vertical and horizontal/directional.

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Global Progressing Cavity Pump Market: Regional Analysis

It is anticipated that North America will dominate the progressing cavity pump market and is also projected to retain its position in the coming years. The factors that contribute to the growth of the market are the rising industrialization and the growing investments in the oil and gas and water and wastewater infrastructures, especially in the U.S. and Canada. In North America, a major share is anticipated to be contributed by the U.S. In the U.S., reshoring of manufacturing and the aging infrastructure of water and power sectors are aspects fuelling the growth of the market. In Canada, the expanding chemical and food and beverage industries are increasing the demand for the progressing cavity pump.

North America is followed by Asia Pacific and Europe. It is anticipated that the market will grow at a good growth rate in the Asia Pacific.

Global Progressing Cavity Pump Market: Competitive Players

Some of the most important market players involved in the progressing cavity pump market includes Weatherford International Plc, General Electric Company, Borets, The Verder Group, JOHSTADT, Sydex, Varisco S.p.A., ITT Bornemann, Pumpenfabrik Wangen GmbH, PCM, Schlumberger Limited, Baker Hughes Incorporated, Halliburton Company, BELLIN S.p.a, Nova rotors, Seepex, Beinlich, Colfax Fluid Handling, Sulzer, and Netzsch, among others.

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Global Progressing Cavity Pump Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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