Progressing Cavity Pumps Market to Reach Value of US$ 5.7 Bn by 2031, TMR Study

News provided by

Oct 19, 2022, 08:30 ET

The global progressing cavity pumps market is projected to expand at a CAGR of 7% during 2021-2031
Rising use of coal water slurry instead of conventional fossil fuels is expected to help in expansion of the progressing cavity pumps market size
Increasing industrialization across emerging economies of Asia Pacific drives the market expansion

WILMINGTON, Del., Oct. 19, 2022 /PRNewswire/ -- The global progressing cavity pumps market is prognosticated to reach a value of US$ 5.7 Bn by the end of 2031, according to a research report by Transparency Market Research (TMR). In addition, the progressing cavity pumps market growth forecast by TMR finds that the market is expected to grow at a CAGR of 7% during the forecast period, from 2021 to 2031.

A rise in industrialization across many developing nations globally is projected to help in the market expansion in the near future, states TMR analysis that covers in-depth study of the progressing cavity pumps market shares. This aside, the rapid expansion of varied end-use industries including power, oil & gas, and chemicals is driving the sales of progressing cavity pumps. In addition, rising investments in water & wastewater treatment infrastructures are expected to fuel the growth prospects in the market, note analysts of a TMR report that sheds light on the progressing cavity pumps market trends.

Request a Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=51096

A surge in the infrastructural development activities and rise in urbanization globally are prognosticated to help in the expansion of the global progressing cavity pumps market during the forecast period. Companies operating in the global progressing cavity pumps market are focusing on the use of varied strategies such as new product launches and regional expansions in order to stay ahead of the competition. Thus, such initiatives are fueling overall market expansion, note analysts of a TMR study.

Progressing Cavity Pumps Market: Key Findings

The need for uninterrupted power supply is being rising across several emerging economies including India and China, states a TMR study on the progressing cavity pumps market. Moreover, rising incidences of power cuts, load shedding, and blackouts have resulted into increase in the adoption of steam turbines in order to generate power, where coal water slurry is used as a substitute fuel for operating/driving steam turbines. Hence, a surge in the use of coal water slurry for electricity generation as well as application of progressing cavity pumps in pumping of the coal water slurry are driving the growth prospects in the market, notes a TMR analysis.
Progressing cavity pumps are being increasingly utilized in the oil & gas industry for artificial lifting as they can sustain wellbore solids and maintain consistent fluid discharge, notes a TMR investigation. The design of these pumps are developed in a way such that, at the pump inlet, the progressing cavity pump system can restrict the solid impurity intake, which can decrease the intake blockages risk and consequently help in advancing the fluid inflow. Owing to this factor, the demand for progressing cavity pumps is being rising among companies from varied end-use industries, states a TMR assessment.

Make an Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=51096

Progressing Cavity Pumps Market: Growth Boosters

Surge in the adoption of coal water slurry as an alternative to traditional fossil fuels is leading to notable business prospects in progressing cavity pumps market
Technological developments in equipment in order to advance the efficiency of progressing cavity pumps is driving the market growth

Progressing Cavity Pumps Market: Key Players

Some of the key players profiled in the report are:

Mono Pumps
National Oilwell Varco
Netzsch pumps
SEEPEX GmbH
Wangen Germany
Circor International
Nova Rotors Srl
Vogelsang USA
Borger GmbH
SEKO S.p.A
Liberty Process Equipment
Artemis PC Pumps Systems Ltd
Continental Ultra Pumps

Ask References: https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=51096

Progressing Cavity Pumps Market Segmentation

Installation

New Installation
Aftermarket

Spares
Services
Refurbishment

Pumping Capacity

Up to 100 GPM
100 – 250 GPM
250 – 500 GPM
501 – 1000 GPM
Above 1000 GPM

Pressure Rating

Up to 6 bar
6 – 12 bar
Above 12 bar

Application

High Liquid Viscosity
Varied Flow
Liquid Containing Abrasive Solids
Sheer Sensitive Liquid
Others (including Suction Conditions)

End User

Oil & Gas
Water & Wastewater Management
Food & Beverages
Chemical & Petrochemical
Pulp & Paper
Sugar
Paints & Coatings
Ceramics
Biogas
Mining & Explosive
Marine
Others (including Power Plant and Pharmaceutical)

Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Browse More Energy & Natural Resources Market Reports by TMR:

Power Plant Maintenance Market - Power Plant Maintenance Market is Estimated to Progress at a CAGR of 7.2% during the Forecast Period 2022-2031

Power Purchase Agreement Market - Power Purchase Agreement Market is Estimated to Progress at a CAGR of 39.3% during the Forecast Period 2022-2031

Liquefied Petroleum Gas Market - Liquefied Petroleum Gas Market is Estimated to Progress at a CAGR of 4.73% during the Forecast Period 2022-2031

Hazardous Waste Management Market - Hazardous Waste Management Market is Estimated to Progress at a CAGR of 5.31% during the Forecast Period 2022-2031

Sulfur Market for Mining Application - Sulfur Market for Mining Application is Estimated to Progress at a CAGR of 6.6% during the Forecast Period 2022-2031

Power Management Services Market - Power Management Services Market is Estimated to Progress at a CAGR of 6.9% during the Forecast Period 2022-2031

Silicon Transformer Oil Market - Silicon Transformer Oil Market is Estimated to Progress at a CAGR of 4.2% during the Forecast Period 2022-2031

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

For More Research Insights on Leading Industries, Visit our YouTube channel - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact Us:
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: [email protected]