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[237 Pages Report] The global progressing cavity pump market size is projected to reach USD 5.9 billion by 2026, at a CAGR of 6.0%, from an estimated USD 4.4 billion in 2021. The key drivers for the progressing cavity pump market include use of PCPs in enhanced oil recovery and upstream processes and Intensifying need for water & wastewater management in developed nations.
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Progressing Cavity Pump Market by Pumping Capacity (Up to 500 GPM, 501–1,000 GPM, and more), Power Rating (Up to 50 HP, 51–150 HP, and more), End User (Oil & Gas, Food & Beverages, and more), and Region - Global Forecasts to 2026 www.MarketsandMarkets.com
The global progressing cavity pump market size is projected to reach USD 5.9 billion by 2026, at a CAGR of 6.0%, from an estimated USD 4.4 billion in 2021. The key drivers for the progressing cavity pump market include use of PCPs in enhanced oil recovery and upstream processes and Intensifying need for water & wastewater management in developed nations. View detailed Table of Content here -https://www.marketsandmarkets.com/Market-Reports/progressing-cavity-pump-market-142949269.html
The up to 500 GPM segment by pumping capacity, is the largest contributor in the progressing cavity pump during the forecast period. Progressing cavity pumps offering pumping capacity in the range of 0 to 500 GPM capture the largest share of the global PCP market. In 2020, the segment captured more than 65% of the total market owing to the versatility in operation offered by these pumps. In addition to compact size, these pumps require less power-consuming electric or hydraulic motors that are favored across the world for lower operational cost as well as high efficiency. Lower operational cost is also one of the prime factors due to which end-use industries prefer to use these motors over their more powerful counterparts. The food & beverages industry is among the top consumers of these pumps due to the relatively low requirement of flow rate for fluid processing. Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=142949269
Power rating, the up to 50 HP segment is expected to be the largest market for progressing cavity pump during the forecast period. PCPs rated up to 50 hp are predominantly used for abrasion resistance in tough pumping applications. PCPs become mechanical, and their volumetric efficiency rises when the viscosity of the liquid increases and PCPs require limited power supply and flow as compared to other pumps. PCPs rated up to 50 hp are used mainly in the wastewater treatment (for handling polymers, waste, sludge, and flocculants); chemicals (for handling detergents, varnish, paints, inks, and soaps); buildings (for handling cement and bentonite); agro and food (for handling creams, emulsions, wine, and olive oils); food & beverages (for handling dairy product, beverage, convenience food, fruits and vegetables, baked goods, sauce and starch, personal care, meat, fish, and animal food) industries. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=142949269
Browse >> 125 market data tables 55 figures 215 pagesand in-depth TOC on “Progressing Cavity Pump Market - Global Forecast to 2026” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $4950 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.
The water & wastewater management end user segment is expected to be the largest contributor during the forecast period. Water & wastewater is the largest end user of PCPs among all the industries. The need to reduce life cycle costs and improve operating margins is anticipated to boost the usage of PCP units in the water & wastewater industry for the processing of polymers, waste, sludge, and flocculants. Intensifying demand for freshwater, handling liquids with higher viscosities, and a clean environment would also propel the need for water and wastewater management in the future, thereby creating opportunities for the usage of PCPs. The demand for these pumps is likely to rise from new plant installations, unit expansions, and unit upgrades
Asia Pacific is expected to dominate the global Progressing Cavity Pump market The Asia Pacific region was the largest market for progressing cavity pumps in 2020 and accounted for a share of 35.7% of the global market. The PCP market in Asia Pacific has been studied for China, Australia, India, and Japan. The other Asian countries considered in the study are Thailand, Malaysia, the Philippines, Singapore, and South Korea. According to the IMF, the economic outlook for Asia Pacific remains strong, and the region continues to be the most dynamic in the global economy. The region has many top global economies, such as China, India, and Japan, and is expected to grow at 5.6% till 2022. The major end users of progressing cavity pumps in the region include water & wastewater treatment, oil & gas, and food & beverages industries. The market in this region will be largely driven by China and India—countries exhibiting fast-paced economic expansion and healthy industrial growth rates. Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=142949269
Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Progressing Cavity Pump Market. These include • Xylem (US), • Weir (UK), • Sulzer (Switzerland), • Roto Pumps (India), • EBARA Corporation (Japan), • Wilo (Germany), • ITT Corporation (US), • NETZSCH (Germany), • CIRCOR International (US), • SEEPEX (Germany). • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=142949269
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