US progressing cavity pumps market is expected to witness a significant growth with the CAGR of 5.1% 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.
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.
US 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.
Some of the major players operating in the US progressing cavity pumps market includes National Oilwell Varco, Halliburton, Baker Hughes, (A GE Company), and others. These players adopt various organic and inorganic growth strategies such as merger and acquisition and product launch to strengthen their presence in European market.
Research Methodology
The market study of the US progressing cavity pumps market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report is intended for existing companies and new entrants into the market, potential investors and venture capitalists, government organizations, and various end-user industries for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the company and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
Market Segmentation:
1. US Progressing Cavity Pumps Market Research and Analysis by Stage Type
2. US Progressing Cavity Pumps Market Research and Analysis by Application
The Report Covers:
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight& Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. US Progressing Cavity Pumps Market by Stage Type
5.1.1. Single Stage (90-psi)
5.1.2. Double Stage (180-psi)
5.1.3. Four Stage (360-psi)
5.1.4. Eight Stage (720-psi rated)
5.2. US Progressing Cavity Pumps Market by Application
5.2.1. Oil & Gas
5.2.2. Chemical
5.2.3. Food & Beverage
5.2.4. Water & Wastewater
5.2.5. Other
6. Company Profiles
6.1. Apergy Corp.
6.2. National Oilwell Varco
6.3. Schlumberger Ltd.
6.4. Halliburton
6.5. Baker Hughes, (A GE Company)
6.6. Borets International, Ltd.
6.7. CIRCOR International, Inc.
6.8. Halliburton Energy Services, Inc.
6.9. ITT Bornemann GmbH
6.10. Liberty Process Equipment, Inc.
6.11. Moyno, Inc.
1. US PROGRESSING CAVITY PUMPS MARKET RESEARCH AND ANALYSIS BY STAGE TYPE, 2018-2025 ($ MILLION)
2. US PROGRESSING CAVITY PUMPS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
1. US PROGRESSING CAVITY PUMPS MARKET SHARE BY STAGE TYPE, 2018 VS 2025 (%)
2. US PROGRESSING CAVITY PUMPS MARKET SHARE BY APPLICATION, 2018 VS 2025 (%)