Market Research Report
Global Progressing Cavity Pumps Market Research and Forecast, 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||839584|
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|Global Progressing Cavity Pumps Market Research and Forecast, 2019-2025|
|Published: May 1, 2019||Content info:||
Progressing Cavity Pumps Market Size, Share & Trends Analysis Report, By Stage Type (Single, Double, Four, and Eight Stage), By Application (Oil & Gas, Chemical, Food & Beverage, Water & Waste Water, and Others), and Forecast, 2019-2025.
The progressing cavity (PC) pumps are considered as emerging artificial lift method over the decades. The applications of PC pumps cover solids handling, very low downhole pressure wells and viscous oils. PCP companies have encouraged the whole system reliability, such as better gas optimization and separation, elastomers development and optimization with the use of a surface controller. Due to the operational flexibility, PC pumps are a highly appropriate solution for the development of heavy oil fields. The major factors encouraging the growth of the market include rising demand for artificial lift systems and growing investment in wastewater infrastructure. For instance, according to American Society of Civil Engineers (ASCE) Infrastructure Report Card, over the past five years, by the Clean Water State Revolving Fund (CWSRF) programs, the federal government has offered an average $1.4 billion every year to the District of Columbia and 50 states. In 2015, the annual assistance agreement for the CWSRF was $5.6 billion. In 2016, the number increased by $2 billion and reached $7.6 billion. Moreover, EPA (Environmental Protection Agency) estimates $271 billion is required for wastewater infrastructure over the next 25 years. PC pumps represent a suitable investment for heavy-duty treatment pumping applications, such as effluent flow control, sewage removal and industrial wastewater pumping in the wastewater process. It holds the ability to handle waste effluent and biosolids with high solids content. Increasing demand for positive displacement pumps in wastewater is further anticipated to fuel the demand for PC pumps in the wastewater treatment process.
The global progressing cavity market is segmented on the basis of the stage type and application. Based on stage type, the market is further classified into a single stage, double stage, four stages and eight stages. Based on application, the market is further classified into oil & gas, chemical, food & beverage, water & wastewater, and others. Furthermore, on the basis of geography, the market is classified into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America progressing cavity pumps market has been primarily driven by growing investment in the wastewater treatment infrastructure. Additionally, Asia-Pacific progressing cavity pumps market is anticipated to witness optimistic growth due to growing production of chemicals and trend towards oil & gas production in the region.
Some crucial players in the market that are focusing on product launches, joint venture, partnership and collaboration, and merger and acquisition to gain significant share in the market include National Oilwell Varco (NOV), Schlumberger Ltd., PCM Technologies SAS, Halliburton, Pumpenfabric Wangen GmbH, and General Electric Co. For instance, On January 2019, Pumpenfabrik Wangen GmbH declared that it will acquire whole hygienic progressing cavity pumps (MX range) division of KNOLL Maschinenbau GmbH on 1st April 2019. MX PC pumps are suitable for use in the hygienic field as well as paper, paint, lacquer and chemical industries. This acquisition would enable the company to further expand its hygienic pump operations.
The market study of the global progressing cavity pumps market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.