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Global Progressive Cavity Pump Market to reach USD 6.2 billion by 2027.

Global Progressive Cavity Pump Market Size study by Pumping Capacity (Up to 500 GPM , 501-1,000 GPM, Above 1,000 GPM) by End use (Oil & Gas, Water & Wastewater Management, Food & Beverages, Chemical & Petrochemical, Others) and Regional Forecasts 2021-2027

Product Code: OIRIME-53587377
Publish Date: 17-07-2021
Page: 200

Global Progressive Cavity Pump Market is valued at approximately USD 4.2 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.0% over the forecast period 2021-2027. Progressing cavity pumps are used for artificial lifting (the method by which higher production rate from the well is aimed to attained by reducing the producing bottom-hole pressure). In this artificial lifting method, the density of fluid entering the tubing is lowered, and expanding gas (created as an outer source of high pressure gas) in tubing enables uplifting the fluid. More than 2 million oil wells are functional worldwide; in these, around 1 million wells use the artificial lifting method for uplifting the fluid and to attain higher rate of discharge. Use of PCPs in enhanced oil recovery and other upstream processes is expected to fuel the Progressive Cavity Pump Market. Heavy crude oil and refining capacity expansions and investments are anticipated to increase in the long term caused by the increase in the production of synthetic crudes in countries including Canada, Brazil, Colombia, and Mexico. Moreover, several key players are taking strategic initiatives to expand their presence in the market for instance,
• In January 2021, Sulzer acquired Nordic Water, aiming to reinforced Sulzer’s wastewater treatment business by developing its portfolio of pumps, grinders, mixers, compressors, and other products. This transaction enabled the company business in the municipal and industrial wastewater treatment domain.
• In July 2020, Weatherford and an independent oil field operator in Argentina partnered for surface pumping. The contract enabled Weatherford to deliver 146 surface pumping units deployed in critical and challenging mature fields in Golfo San Jorge Basin to improve the operator’s production efficiency and performance.
However, shift towards renewable energy sources and consequent decline in demand for PCPs from O&G industry may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global Progressive Cavity Pump Market Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World (ROW). Asia Pacific is predicted to account for the maximum market share of 35.7% in the Progressive Cavity Pump Market. The region has many global economies such as China, India and Japan and is expected to grow at 5.6% till 2022. The major users of progressing cavity pump in the region include water & wastewater treatment, oil & gas and food and beverage industries.
Major market player included in this report are:
Roto Pumps
EBARA Corporation
ITT Corporation
CIRCOR International
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Pumping capacity :
Up to 500 GPM
501-1,000 GPM
Above 1,000 GPM

By End Use:
Oil & Gas
Water & Wastewater Management
Food & Beverages
Chemical & Petrochemical
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Progressive Cavity Pump Market Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Progressive Cavity Pump Market, by Region, 2019-2027 (USD Billion)
1.2.2. Progressive Cavity Pump Market, by Pumping Capacity, 2019-2027 (USD Billion)
1.2.3. Progressive Cavity Pump Market, by End use, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Progressive Cavity Pump Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Progressive Cavity Pump Market Dynamics
3.1. Progressive Cavity Pump Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Use of PCPs in enhanced oil recovery and other upstream processes
3.1.2. Market Restraint Shift towards renewable energy sources and consequent decline in demand for PCPs from O&G industry
3.1.3. Market Opportunities Increasing investment in water & wastewater treatment plants in developing countries in developing countries
Chapter 4. Global Progressive Cavity Pump Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Progressive Cavity Pump Market, by Pumping Capacity
5.1. Market Snapshot
5.2. Global Progressive Cavity Pump Market by Pumping Capacity , Performance – Potential Analysis
5.3. Global Progressive Cavity Pump Market Estimates & Forecasts by Pumping Capacity 2018-2027 (USD Billion)
5.4. Progressive Cavity Pump Market, Sub Segment Analysis
5.4.1. Up to 500 GPM
5.4.2. 501-1,000 GPM
5.4.3. Above 1,000 GPM

Chapter 6. Global Progressive Cavity Pump Market by End Use

6.1. Market Snapshot

6.2. Global Progressive Cavity Pump Market by End use, Performance – Potential Analysis

6.3. Global Progressive Cavity Pump Market Estimates & Forecasts by End use 2018-2027 (USD Billion)

6.4. Progressive Cavity Pump Market, Sub Segment Analysis

6.4.1. Oil & Gas
6.4.2. Water & Wastewater Management
6.4.3. Food & Beverages
6.4.4. Chemical & Petrochemical
6.4.5. Others

Chapter 7. Global Progressive Cavity Pump Market, Regional Analysis
7.1. Progressive Cavity Pump Market , Regional Market Snapshot
7.2. North America Progressive Cavity Pump Market
7.2.1. U.S. Progressive Cavity Pump Market Type breakdown estimates & forecasts, 2018-2027 Application breakdown estimates & forecasts, 2018-2027 End use breakdown estimates & forecasts, 2018-2027
7.2.2. Canada Progressive Cavity Pump Market
7.3. Europe Progressive Cavity Pump Market Snapshot
7.3.1. U.K. Progressive Cavity Pump Market
7.3.2. Germany Progressive Cavity Pump Market
7.3.3. France Progressive Cavity Pump Market
7.3.4. Spain Progressive Cavity Pump Market
7.3.5. Italy Progressive Cavity Pump Market
7.3.6. Rest of Europe Progressive Cavity Pump Market
7.4. Asia-Pacific Progressive Cavity Pump Market Snapshot
7.4.1. China Progressive Cavity Pump Market
7.4.2. India Progressive Cavity Pump Market
7.4.3. Japan Progressive Cavity Pump Market
7.4.4. Australia Progressive Cavity Pump Market
7.4.5. South Korea Progressive Cavity Pump Market
7.4.6. Rest of Asia Pacific Progressive Cavity Pump Market
7.5. Latin America Progressive Cavity Pump Market Snapshot
7.5.1. Brazil Progressive Cavity Pump Market
7.5.2. Mexico Progressive Cavity Pump Market
7.6. Rest of The World Progressive Cavity Pump Market
Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. SEEPEX Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. Xylem
8.2.3. Weir
8.2.4. Sulzer
8.2.5. Roto Pumps
8.2.6. EBARA Corporation
8.2.7. Wilo
8.2.8. ITT Corporation
8.2.9. NETZSCH
8.2.10. CIRCOR International
Chapter 9. Research Application
9.1. Research Application
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

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Data Collection:
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Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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