Market Research Report
Progressing Cavity Pumps: Market Shares, Strategies, and Forecasts, EMEA (Europe, Middle East and Africa), 2018 to 2024
|Published by||WinterGreen Research, Inc.||Product code||615647|
|Published||Content info||211 Pages
Delivery time: 1-2 business days
|Progressing Cavity Pumps: Market Shares, Strategies, and Forecasts, EMEA (Europe, Middle East and Africa), 2018 to 2024|
|Published: March 16, 2018||Content info: 211 Pages||
A $2.7 billion market for EMEA in 2017, the Progressing Cavity Pumps market has evolved steadily. It is expected to reach $5.97 billion by 2024, growing in the oil and gas segment to increase yields from existing wells and to develop new applications in other industries. With the world recognizing the continuing need to extract oil from ground from existing wells, the pumps are being put in place as demand technology.
Demand prospects remain positive. Emerging markets continue to play a role. Renewal of auctions is reactivating mature markets. Southern Europe is reactivating mature markets with auctions. Activating new markets in Argentina and Russia is being achieved. Excluding China, the global market demand for installations is expected to increase by 8% from 36 GW in 2017 to 45 GW in 2020.