Progressing Cavity Pumps market size is estimated to be worth US$ 1051.4 million in 2022 and is forecast to a readjusted size of US$ 1416.7 million by 2029 with a CAGR of 4.3% - Valuates Reports

Due to the COVID-19 pandemic, the global Progressing Cavity Pumps market size is estimated to be worth US$ 1051.4 million in 2022 and is forecast to a readjusted size of US$ 1416.7 million by 2029 with a CAGR of 4.3% during the forecast period 2023-2029.

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Fully considering the economic change by this health crisis, Dosing Pump accounting for % of the Progressing Cavity Pumps global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029.

While Oil & Gas segment is altered to an % CAGR throughout this forecast period.

Progressing Cavity Pumps Market Insights
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.

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.

Progressing Cavity Pumps Market Scope and Market Size
The global Progressing Cavity Pumps market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Progressing Cavity Pumps market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.

By Company
-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

Segment by Type
-Dosing Pump
-Flanged Pump
-Hopper Pump
-Food Grade
-Others

Segment by Application
-Oil & Gas
-Food & Beverage
-Water & Wastewater Management
-Others

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