PROGRESSING CAVITY PUMP MARKET ANALYSIS

Progressing Cavity Pump Market, By Power Rating (Up to 50 HP, 51 to 150 HP, and Above 150 HP), By End-user Vertical (Oil & Gas, Water & Wastewater Treatment, Food & Beverage, Biogas, Battery Recycling, Chemicals & Petrochemicals, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : May 2024
Code : CMI5263
Pages :174
Formats :
Excel and PDF
Industry : Industrial Automation and Machinery

Market Challenges: Market Entry Barriers and Distribution Networks

One of the key challenges for the progressing cavity pump market is intense competition among established players. Major players have strong distribution networks and provide varied product portfolios to clients, making it difficult for new entrants to gain market share. Additionally, fluctuating raw material prices affect the production costs of progressing cavity pumps. Strict environment norms regarding emission levels of pumps also impact manufacturing.

Market Opportunity: Expansion of End-use Industries

The market sees growth opportunities due to expanding end-use industries. Rising need for pumping viscous and solids-laden fluids across chemical, mining, and food processing sectors fuels demand. Furthermore, advantages such as accurate dosage and minimal shear stress offered by progressing cavity pumps ensure their increased utilization. Product innovation toward superior design and energy efficiency further facilitates market growth over the coming years.