29-Jun-2020 | Zion Market Research
As per Zion Market Research, the progressing cavity pump market is predicted to develop from an expected USD 4 billion in 2019 with a CAGR of over 7% during 2020-2026. Increasing industrial requirement paired by elevating spending in wastewater treatment centers in emerging nations majorly in the Middle East and Asia Pacific are the major factors powering the global market in the years to come.
Some of the major companies active in the progressing cavity pump market are PCM, Schlumberger, Xylem, National Oil Well, PCM, NETZSCH, Halliburton, Weatherford, Dover, Borets, CIRCOR, National Oilwell, and Seepex. These players have accepted development plans such as contracts & agreements, new product launches, expansions, and mergers & acquisitions to capture a bigger share of the global market.
The Water & Wastewater Management Category Dominated The Global Market In 2019
Zion Market Research divides the global progressing cavity pump market based on end-user into water & wastewater management, oil & gas, chemical & petrochemical, and food & beverage. The water & wastewater management category dominated the global market in 2019. Overhung impeller pumps are broadly employed in different applications, compromising commercial buildings, residential, and industrial settings for different applications. They are also employed in the power creation industry by different end-users due to their lower prices in comparison to between-bearing pumps.
North America Predicted To Rule The Global Market In The Coming Period
The global market has been studied with respect to main regions such as Africa, Asia Pacific, North America, Europe, Middle East, and South America. North America is predicted to rule the global market in the coming period due to elated spending in oil & gas sector and water & wastewater infrastructure along with increasing industrialization in Canada and the US area.
Stagnant Development In The Oil & Gas Sector Is The Major Factor Hampering The Development Of The Global Progressing Cavity Pump Market
The major factor hampering the development of the global progressing cavity pump market is stagnant development in the oil & gas sector as these pumps are used for daily processes in the oil & gas sector. Lowered spending in new projects along with the cancellation of current projects has also impacted the requirement in the oil & gas sector for progressing cavity pump.
Browse the full “Progressing Cavity Pump Market - by End User (Water & Wastewater, Oil & Gas (Application, Well Type), Chemical & Petrochemical, Food & Beverage, and Others), by Power Rating (Up To 50 hp, 51-150 hp, and Above 150 hp), and by Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/progressing-cavity-pump-market
The global progressing cavity pump market is segmented as follows:
By Power Rating
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651