The Progressive Cavity Pump (PCP) Market is estimated to grow from USD 3.10 Billion in 2021 to USD 4.36 Billion by 2028 at a CAGR of 5% during the forecast period 2022- 2028.
A market overview, as well as the most recent industry dynamics, trends, and developments, are included in the Progressive Cavity Pump (PCP) market research report. The market CAGR, revenue value, volume, and forecast are also provided. In addition, the research study segments the market according to volume, revenue, and price history in order to predict its future size and analyse its current trends. A regional analysis of the research is also provided, encompassing important areas like North America, South America, Asia Pacific, the Middle East, and Africa.
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Progressing cavity pumping is a cost-effective form of artificial lift that simplifies production and withstands erosive attack. Progressing cavity pumps (PCPs) displace fluid by transferring it through a sequence of small, discrete cavities formed from the turning of a helical rotor within a stator.
Key Players for the Progressive Cavity Pump (PCP) Market:
- BORETS (UAE)
- SEEPEX GMBH (GERMANY)
- SCHLUMBERGER (U.S.)
- NOV (U.S.)
- XYLEM INC. (U.S.)
- CIRCOR (U.S.)
- WEATHERFORD (U.S.)
- PUMPENFABRIC WANGEN (GERMANY)
- ROTO PUMPS (INDIA)
- NORDSON (U.S.)
- SULZER (SWITZERLAND)
- CHAMPION X (U.S.)
- PCM GROUP (PARIS)
- NETZSCH TECHNOLOGIES (GERMANY)
- VERDER LIQUID (NETHERLANDS)
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Segmentation Analysis of the Progressive Cavity Pump (PCP) Market
By Pumping Capacity (GPM)
- 0 To 500
- 500 To 1000
- Above 1000
By End Users
- Oil Gas
- Water Wastewater
- Food Beverages
- Chemicals Petrochemicals
- Pulp Paper
- And Others
By Region
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
COVID-19 Impact on the Progressive Cavity Pump (PCP) Market
Globally, the COVID-19 epidemic has impacted negatively several industry sectors. Various public health recommendations were put into place in various nations throughout the world to reduce the number of infections and decrease the coronavirus spread. Under COVID-19 protocols, a state may declare a national emergency, impose stay-at-home orders, close non-essential businesses and schools, forbid public gatherings, impose curfews, issue digital passes, and permit police to restrict citizen movement both domestically and internationally. Governments are tightening regulations in response to the rising vaccination rate to revive the struggling economy. Similar to other sectors, the Progressive Cavity Pump (PCP) Industry has seen growth slow down; however, as global government restrictions are being eased, the market is anticipated to rebound.
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Reasons to Purchase Global Progressive Cavity Pump (PCP) Market Report:
- Important changes in Progressive Cavity Pump (PCP) market dynamics
- What is the current Progressive Cavity Pump (PCP) market scenario across various countries?
- Current and future of Global Progressive Cavity Pump (PCP) market outlook in the developed and emerging markets.
- Analysis of various perspectives of the market with the help of Porter's five forces analysis.
- The segment that is expected to dominate the Global Progressive Cavity Pump (PCP) market.
- Regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, Global Progressive Cavity Pump (PCP) market shares, and strategies employed by the major market players.
- Former, on-going, and projected Progressive Cavity Pump (PCP) market analysis in terms of volume and value
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