Progressing Cavity Pump Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

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Progressing Cavity Pump Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Status : May, 2020 | Energy & Mining | PPT format

Report Digest


Global Progressing Cavity Pump Market: Overview

The global market for progressive cavity pumps has been witnessing an ascending graph of demand due to the rising need for pumping shear-sensitive or viscous materials.The mechanism of a progressive cavity pump is extremely complex but the utility served by these pumps is unparalleled. Once the rotor of the progressive cavity pump is turned on, it progressively transfers the fluid though discrete cavities. The pump is configured to function in such a way that volumetric flow rate of the fluid is proportionate to the bidirectional rotation rate of the rotor. The total displacement of cavities remains the same because when one cavity diminishes the other one makes up for the variation. The uniqueness of operation of these pumps is expected to be the prime reason behind the trust of the consumers within the market. It is anticipated that multiple industries that involve the pumping of viscous fluids in some capacity would contribute to the growth of the global market for progressing cavity pumps.

The global market for progressing cavity pumps can be segmented based on the following parameters: end-user, power rating, and region. The multiplicity of demand for these pumps makes it necessary to analyse each of the abovementioned segments.

The report is an elaborate explanation of the elements that contribute to the growth of the global market for progressing cavity pumps. The report discretely expounds the reasons behind the escalating demand within the global market, thus, giving a succinct purview to the readers. Moreover, the strategies adopted by the market vendors to establish their strongholds in the market have also been identified in the report. The report has maintained relevance of context to give a crystal clear view of the market to the readers.

Global Progressing Cavity Pump Market: Key Trends and Opportunities

The demand within the global market for progressing cavity pumps has taken a greater leap in recent times. This is majorly due to the utility served by these pumps towards handling fluid with high viscosity. Furthermore, several industries have been making huge-scale investments to improve their infrastructural setup, which has also been a plus point for the global market. Due to the scantiness of fresh water sources, wastewater treatment plants have been installed across various regional pockets. Since progressing cavity pumps are an inherent part of these wastewater treatment units, the demand within the market has witnessed an upsurge in recent times. Oil pumping has been an immensely vital area of operation, and the deployment of progressing cavity pumps for oil pumping has also generated demand within the global market. Other areas of fluid pumping span across sewages and sludge, coal slurry, chemicals, and down-hole mud.

Global Progressing Cavity Pump Market: Regional Analysis

The robust growth of the market for progressing cavity pump across the Middle East and Africa owes to the expansive oil industry in the region. Furthermore, Asia Pacific has also been an immensely lucrative region for the progressing cavity pump market due to a wide industrial base across the region.

Global Progressing Cavity Pump Market: Competitive Landscape

The global market for progressing cavity pump has the following key players: Borets, Halliburton, CIRCOR, Xylem, NETZSCH, Schlumberger, PCM, National Oilwell, National Oil Well,  Weatherford, Seepex, and Dover. These market players are expected to concentrate on improving the quality of their products in order to assert their supremacy in the market.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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