Worldwide Progressing Cavity Pumps Market are poised to achieve continuing growth as progressing cavity pumps types include dosing pumps, flanged pumps, hopper pumps, food grade pumps, and immersion Pumps. The ability to meet demands for energy production is a key benefit. Conventional methods of crude oil recovery have been modified using he pumps to optimize production from existing reserves. 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.
The offshore oil fields in northern Europe and the massive sand oilfields in the Middle East and nearby are primary application users of Progressing Cavity Pump (PCP) systems, supporting oil and gas pumping. Demand prospects remain positive. Emerging markets continue to play a role. Renewal of auctions is reactivating mature markets. Southern Europe is reactivating mature markets with auctions. Activating new markets in Argentina and Russia is being achieved. Excluding China, the global market demand for installations is expected to increase by 8% from 36 GW in 2017 to 45 GW in 2020.
Companies Profiled
A $2.7 billion market for EMEA in 2017, the Progressing Cavity Pumps market has evolved steadily. It is expected to reach $5.97 billion by 2024, growing in the oil and gas segment to increase yields from existing wells and to develop new applications in other industries. With the world recognizing the continuing need to extract oil from ground from existing wells, the pumps are being put in place as demand technology.
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Market Leaders
Schlumberger Limited
Weatherford International plc
The Verder Group
GE Baker Hughes Incorporated
Halliburton Company
Johstadt
Sulzer
Sydex
Borets
Bellin S.p.a
Nova rotors
Seepex
CSF
Varisco S.p.A.
Gevelot PCM
Colfax Fluid Handling
Pumpenfabrik Wangen GmbH
Netzsch
Beinlich
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Key Topics
Progressing Cavity Pumps
Progressing Cavity Pump Types
Dosing Pump
Flanged Pump
Hopper Pump
Food Grade
Immersion Pump
Progressing Cavity Pump Thermal Recovery
Electric Submersible Pump Systems
Fluid Handling Progressing Cavity Pumps
Oil & Gas
Chemicals & Paper
Metering Technology
Foods & Pharmaceuticals
Mining
Rig Count
Geothermal Power
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Large enterprises
SMEs
Government organizations