European progressing cavity pumps market is expected to witness a significant growth with the CAGR of 6% during the forecast period. Progressing cavity pumps are based on a positive displacement principle and are primarily designed for abrasion resistance in difficult pumping applications for a broad range of liquids and semi-solids such as crude oil, chemicals, slurry and so on. The major factors boosting the growth of the progressing cavity pumps market include inclination towards wastewater treatment process and rising demand for artificial lift systems.
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Another major factor for the growth of the market includes the rising production of petroleum products, globally, where progressing cavity pumps find the highest application. As per the US Energy Information Administration, petroleum products production in 2018 was 100 million oil barrels per day were as compared to 98.1 million oil barrel per day. A major restraint to the market includes availability of alternative to the progressing cavity pumps. At various applications, electrical submersible pumps, sucker rod pumps, and centrifugal pumps can be used as an alternative to the progressing cavity pumps.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
European Progressing Cavity Pumps Market by Stage Type
- Single Stage (90-psi)
- Double Stage (180-psi)
- Four Stage (360-psi)
- Eight Stage (720-psi rated)
European Progressing Cavity Pumps Market by Application
- Oil & Gas
- Chemical
- Food & Beverage
- Water & Wastewater
- Other
Regional Analysis
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Company Profiles
- National Oilwell Varco
- PCM Technologies SAS
- Halliburton
- Baker Hughes, (A GE Company)
- Beinlich Pumpen GmbH
- Bellin S.P.A.
- CIRCOR International, Inc.
- Flowrox Oy
- Halliburton Energy Services, Inc.
- ITT Bornemann GmbH
The Report Covers:
- Comprehensive research methodology of European progressing cavity pumps market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting European progressing cavity pumps market.
- Insights about market determinants which are stimulating European progressing cavity pumps market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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