PUBLISHER: Lucintel | PRODUCT CODE: 1386972
PUBLISHER: Lucintel | PRODUCT CODE: 1386972
Progressing Cavity Pump Trends and Forecast
The future of the global progressing cavity pump market looks promising with opportunities in the oil & gas, water & wastewater treatment, food & beverage, and chemicals & petrochemical markets. The global progressing cavity pump market is expected to reach an estimated $3.4 billion by 2030 with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are Progressing cavity pumps are in demand for use in oil recovery and other upstream processes, water and wastewater treatment are becoming increasingly important in developed nations, and increase in investments in food & beverage industry.
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Progressing Cavity Pump by Segment
The study includes a forecast for the global progressing cavity pump by product type, pumping capacity, end use, and region.
Progressing Cavity Pump Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
Progressing Cavity Pump Market by Pumping capacity [Shipment Analysis by Value from 2018 to 2030]:
Progressing Cavity Pump Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
Progressing Cavity Pump Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of Progressing Cavity Pump Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies progressing cavity pump companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the progressing cavity pump companies profiled in this report include-
Progressing Cavity Pump Market Insights
Lucintel forecasts that up to 500 gpm is expected to witness highest growth over the forecast period because of their versatility in operations, mainly in food & beverages.
APAC is expected to witness highest growth over the forecast period due to the rapid growth and consistent rise in economic activities such as industrialization, modern agriculture, and urbanization, which exacerbated the demand for clean and reusable water.
Features of the Global Progressing Cavity Pump Market
Market Size Estimates: Progressing cavity pump market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Progressing cavity pump market size by product type, pumping capacity, end use , and region in terms of value ($B).
Regional Analysis: Progressing cavity pump market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product type, pumping capacity, end use , and regions for the progressing cavity pump market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the progressing cavity pump market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q.1 What is the progressing cavity pump market size?
Answer: The global progressing cavity pump market is expected to reach an estimated $3.4 billion by 2030.
Q.2 What is the growth forecast for progressing cavity pump market?
Answer: The global progressing cavity pump market is expected to grow with a cagr of 5.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the progressing cavity pump market?
Answer: The major drivers for this market are Progressing cavity pumps are in demand for use in oil recovery and other upstream processes, water and wastewater treatment are becoming increasingly important in developed nations, and increase in investments in food & beverage industry.
Q4. What are the major segments for progressing cavity pump market?
Answer: The future of the global progressing cavity pump market looks promising with opportunities in the oil & gas, water & wastewater treatment, food & beverage, and chemicals & petrochemical markets.
Q5. Who are the key progressing cavity pump market companies?
Answer: Some of the key progressing cavity pump companies are as follows:
Q6. Which progressing cavity pump market segment will be the largest in future?
Answer: Lucintel forecasts that up to 500 gpm is expected to witness highest growth over the forecast period because of their versatility in operations, mainly in food & beverages.
Q7. In progressing cavity pump market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to the rapid growth and consistent rise in economic activities such as industrialization, modern agriculture, and urbanization, which exacerbated the demand for clean and reusable water.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.