Global Progressing Cavity Pumps Market Growth 2023-2029

Global Progressing Cavity Pumps Market Growth 2023-2029

Progressing Cavity Pump (PCP) systems are designed to produce heavy and viscous crudes up to 1,000cSt in low-production and deviated wells with low inflow, high GOR at the pump intake, scales and solids, providing the long term and reliable operation, impossible to achieve by ESP or other Artificial Lift Systems.

LPI (LP Information)' newest research report, the “Progressing Cavity Pumps Industry Forecast” looks at past sales and reviews total world Progressing Cavity Pumps sales in 2022, providing a comprehensive analysis by region and market sector of projected Progressing Cavity Pumps sales for 2023 through 2029. With Progressing Cavity Pumps sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Progressing Cavity Pumps industry.

This Insight Report provides a comprehensive analysis of the global Progressing Cavity Pumps landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Progressing Cavity Pumps portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Progressing Cavity Pumps market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Progressing Cavity Pumps and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Progressing Cavity Pumps.

The global Progressing Cavity Pumps market size is projected to grow from US$ 1028.5 million in 2022 to US$ 1396 million in 2029; it is expected to grow at a CAGR of 1396 from 2023 to 2029.

North America is the largest producer of Progressing Cavity Pumps, with a market share about 35%. It was followed by Europe with 30%. Halliburton, Schlumberger, Sulzer, Seepex and General Electric (Baker Hughes) are the top 5 manufacturers of industry, and they had about 35% combined market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Progressing Cavity Pumps market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Dosing Pump

Flanged Pump

Hopper Pump

Food Grade

Others

Segmentation by application

Oil & Gas

Food & Beverage

Water & Wastewater Management

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Halliburton

Schlumberger

Sulzer

Seepex

General Electric (Baker Hughes)

Netzsch

Weatherford

Borets

PCM

CIRCOR (Colfax Fluid Handling)

ITT Bornemann

THE VERDER

Csf

JOHSTADT

Pumpenfabrik Wangen

Nova rotors

VARISCO

BELLIN

Sydex

Key Questions Addressed in this Report

What is the 10-year outlook for the global Progressing Cavity Pumps market?

What factors are driving Progressing Cavity Pumps market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Progressing Cavity Pumps market opportunities vary by end market size?

How does Progressing Cavity Pumps break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.