Lucintel Forecasts the Global Progressing Cavity Pump Market to Reach$3.4 billion by 2030
Lucintel Forecasts the Global Progressing Cavity Pump Market to Reach$3.4 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global progressing cavity pump market looks promising with opportunities in the oil & gas, water & wastewater treatment, food & beverage, and chemicals & petrochemical markets. The global progressing cavity pump market is expected to reach an estimated $3.4 billion by 2030 from $2.5 billion in 2024,at a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are progressing cavity pumps are in demand for use in oil recovery and other upstream processes, water and wastewater treatment are becoming, increasingly important in developed nations, and increase in investments in food & beverage industry.
A more than 150-page report to understand trends, opportunity and forecast in progressing cavity pump market to 2030 by product type (dosing pump, flanged pump, hopper pump,food grade (non-certified), food grade (3A certified), vertical pump, and downhole pump), pumping capacity (up to 500 gpm, 501–1,000 gpm, and above 1,000 gpm), end use (oil & gas, water & wastewater treatment, food & beverage, chemicals & petrochemical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the pumping capacity category, up to 500 gpm is expected to witness the highest growth over the forecast period because of their versatility in operations, mainly in food & beverages.
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In terms of region, APAC is expected to witness the highest growth over the forecast period due to the rapid growth and consistent rise in economic activities such as industrialization, modern agriculture, and urbanization, which exacerbated the demand for clean and reusable water.
Seepex, Schlumberger, NOV, Xylem, CIRCOR, Weatherford, Borets, Roto Pumps, Sulzer, Champion X are the major suppliers in the progressing cavity pump market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.comTo get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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