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European Progressing Cavity Pumps Market Overview by Recent Opportunities, Growth Size, Regional Analysis and Forecasts to 2025

02-02-2022 10:07 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

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.

European progressing cavity pumps market is segmented on the basis of stage type and application. Based on the stage type, the market is segmented into single stage (90-psi), double stage (180-psi), four stages (360-psi), and eight stage (720-psi rated). Based on the application, the market is segmented into oil & gas, chemical, food & beverage, water & wastewater, and others.

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European Progressing Cavity Pumps Market Segmentation

By Stage Type

· Single Stage (90-psi)

· Double Stage (180-psi)

· Four Stage (360-psi)

· Eight Stage (720-psi rated)

By Application

· Oil & Gas

· Chemical

· Food & Beverage

· Water & Wastewater

· Other

Regional Analysis

Europe

· UK

· Germany

· Spain

· France

· Italy

· 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

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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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