Global Progressing Cavity Pump Market To Grow At Rate Of Over 5.2% During 2024- 2032

As per Zion Market Research, the progressing cavity pump market is predicted to develop from an expected USD 2253.66 Million in 2023 and is projected to hit USD 3556.56 Million by 2032, with a compound annual growth rate (CAGR) of 5.2% during the forecast period 2024-2032. Increasing industrial requirement paired by elevating spending in wastewater treatment centers in emerging nations majorly in the Middle East and Asia Pacific are the major factors powering the global market in the years to come.

The Water & Wastewater Management Category Dominated The Global Market In 2032

Zion Market Research divides the global progressing cavity pump market based on end-user into water & wastewater management, oil & gas, chemical & petrochemical, and food & beverage. The water & wastewater management category dominated the global market in 2032. Overhung impeller pumps are broadly employed in different applications, compromising commercial buildings, residential, and industrial settings for different applications. They are also employed in the power creation industry by different end-users due to their lower prices in comparison to between-bearing pumps.

North America Predicted To Rule The Global Market In The Coming Period

The global market has been studied with respect to main regions such as Africa, Asia Pacific, North America, Europe, Middle East, and South America. North America is predicted to rule the global market in the coming period due to elated spending in oil & gas sector and water & wastewater infrastructure along with increasing industrialization in Canada and the US area.

Stagnant Development In The Oil & Gas Sector Is The Major Factor Hampering The Development Of The Global Progressing Cavity Pump Market

The major factor hampering the development of the global progressing cavity pump market is stagnant development in the oil & gas sector as these pumps are used for daily processes in the oil & gas sector. Lowered spending in new projects along with the cancellation of current projects has also impacted the requirement in the oil & gas sector for progressing cavity pump.

Browse the full “Progressing Cavity Pump Market - by End User (Water & Wastewater, Oil & Gas (Application, Well Type), Chemical & Petrochemical, Food & Beverage, and Others), by Power Rating (Up To 50 hp, 51-150 hp, and Above 150 hp), and by Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/progressing-cavity-pump-market

Global Progressing Cavity Pump Market: Competitive Players

Key participants influencing the market growth include are-

• Borets
• National Oilwell
• Weatherford
• PCM
• Schlumberger
• Halliburton
• Xylem
• CIRCOR
• National Oil Well
• PCM
• NETZSCH
• Dover
• Seepex

The global progressing cavity pump market is segmented as follows:

By Power Rating

• Up to 50 hp
• 51–150 hp
• Above 150 hp

By End-User

• Oil & Gas
• By Application (Onshore and Offshore)
• By Well Type (Horizontal/Directional and Vertical Well)
• Water & Waste Management
• Food & Beverage
• Chemical & Petrochemical
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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