Progressing Cavity Pumps Market Research, And Technology | Company Profiles | Forecast Report

The Progressing Cavity Pumps Market research report offers a complete breakdown of the industry scope, assumptions, segmentation, key strategies, revenue, shares, and size of top players. This syndicated research report also provides application, regional, product insights, and offers ready, data-driven answers to many industry-level questions.

Industry Overview:

The Global Progressing Cavity Pumps Market is expected to display higher growth rate over the next seven years. The market is subject to witness a substantial growth due to the increasing requirement of high-end systems to handle high viscosity fluids, rise in funding by regional governments in infrastructure development activities, and rising adoption of wastewater treatment plants for uninterrupted and quality water supply.

Market Leaders
• Schlumberger Limited
• Weatherford International plc
• The Verder Group
• GE Baker Hughes Incorporated
• Halliburton Company
• Johstadt

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Growth Drivers:

Growth in spending by government authorities to modernize water & wastewater infrastructure, increasing infrastructure development activities, and increasing demand for advanced systems to manage high viscosity fluids are expected to drive the growth of the market over the forecast period. Globally, the market is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the progressing cavity pump market.

Market Segment:

Key Regions:
• North America
• Europe
• Asia-Pacific
• Latin America and Africa

Regional Insights:

North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in water management sector, increase in the number of infrastructural activities in the region, favorable government initiatives, and existence of well-established industrial infrastructure.

Asia-Pacific region is predicted to hold major market share in the progressing cavity pumps market with massive growth in forecast period. Countries such as India, China and Japan are leading the Asia-Pacific market with rising government funding for infrastructural activities in the region, strong economic growth, improved living standards, and significant investment by leading industry players considering potential growth opportunities in the region.

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