Progressing Cavity Pump Market predicted to grow $2.8 billion in 2027

According to the new market research report "Progressing Cavity Pump Market by Pumping Capacity (Upto 500 GPM, 501–1000 GPM, Above 1000 GPM), Power Rating (Upto 50 hp, 51–150 hp, Above 150 hp), End User (Oil & Gas, Water & Wastewater, Others), Product Type, Stage Type and Region - Forecast to 2027" The progressing cavity pump market is expected to grow at a CAGR of 5.3% during the forecast period, from an estimated USD 2.2 billion in 2022 to USD 2.8 billion in 2027. Growing developments in investments in water & wastewater treatment, oil & gas, chemicals & petrochemicals, mining is fueling the growth for progressing cavity pumps. The new technology trends in conveying high viscosity fluids and semi-solids is creating numerous opportunities for progressing cavity pump manufacturers.

Browse 136 market data Tables and 52 Figures spread through 228 Pages and in-depth TOC on "Progressing Cavity Pump Market  - Forecast to 2027"
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The water & wastewater treatment segment, by end-user industry, is expected to be the largest progressing cavity pump market during the forecast period

The water & wastewater segment has the largest share of the global progressing cavity pump market owing to rise in the demand in developing countries with increase in the sanitation services for achieving sustainability development goals. As these pumps work efficiently when comes to highly viscous fluids and semi-solids which is fueling the growth for progressive cavity pumps. Moreover factors such as population growth, industrial development are increasing the demand for usage of progressive cavity pumps in wastewater treatment.

51–150 hp segment is expected to be the second largest market, by power rating, during the forecast period

51–150 hp progressing cavity pumps offer various advantages such as less floor space and high performance allow them to be utilized in large number of end-user industries. Also recent developments in the design of 51–150 hp progressing cavity pumps is increasing their demand. These are more suitable in water & wastewater treatment, food & beverages, oil & gas industries.

Asia Pacific is expected to dominate the global progressing cavity pump market during the forecast period

In this report, the progressing cavity pump market has been analyzed for 5 regions, namely Asia Pacific, North America, Europe, Middle East & Africa, South America. Asia Pacific is expected to lead the market during the forecast period.

Asia Pacific region has undergone rapid developments and growth from the major economies such as China, India, Malaysia, Thailand, Vietnam, South Korea, and Japan.  The region has witnessed developments in various sectors such as oil & gas, food & beverages, mining, chemical & petrochemicals in the recent years. For instance in china, there are natural gas explorations and import activities. China new mining policies involving foreign investments in the mining industry has supported to raise the demand for progressing cavity pumps this trend has been observed in different across countries in the region which fueled the growth for progressing cavity pump market.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the progressing cavity pump market. These include including NOV (US), NETZSCH (Germany), Seepex (Germany), PCM (France), CIRCOR International (US), and Schlumberger (US). The leading players are trying to establish themselves in the markets of developed countries and are adopting various strategies such as investments, expansions, product launches, sales contracts, agreements, mergers, acquisitions, collaborations, partnerships, and joint ventures to increase their respective market shares.

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Solid Oxide Fuel Cell Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

New Revenue Pockets:

The solid oxide fuel cell market size will grow to USD 6.5 billion by 2027 from USD 1.5 billion in 2022, at a CAGR of 33.9 % during the forecast period. The global solid oxide fuel cell market is driven by the Government subsidies and increased R&D on fuel cell programs; fuel flexibility and increasing demand for energy-efficient power generation and stringent emission norms. The solid oxide fuel cell market has promising growth potential due to the rising distributed power generation applications across regions and increasing adaptivity by data centers and military sectors.

Asia Pacific accounted for a 45.5% share of the solid oxide fuel cell market in 2021 and is expected to growth with a CAGR of 37.1% in the forecast period. The region has been segmented, by country, into Japan, China, South Korea and rest of Asia Pacific. The Rest of Asia Pacific includes Australia, and India. The region faces a tough challenge to reduce its carbon footprint from various fossil-fuel-powered operations, including power generation. Asia Pacific is one of the leading markets that has adopted green technologies to meet the targets set by the governments for reducing GHG emissions. Furthermore, countries such as Japan and South Korea are increasing their investments to adopt SOFC technology.

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The market is segmented, by type, into planar, and tubular. The planar segment held the largest solid oxide fuel cell market share in 2021. The market for planar segment is driven by the simple geometry and relatively easier construction process. Planar type of solid oxide fuel cells is typically designed in such a way that the ceramic fuel cell modules are arranged one above the other in a sandwich-type design with the electrolyte inserted between the electrodes. As its construction is relatively simple, it is the most commonly used solid oxide fuel cell type.

The market is segmented, by application, into portable, stationary and transport. In terms of value, the stationary held the largest share in 2021 as it is driven by the increasing focus on hydrogen-powered fuel cells for back-up power.

The solid oxide fuel cell market is segmented, by end user, into commercial & industrial, data centers, Military & defense, and residentials. The commercial & industrial segment is expected to be the largest market during the forecast period. Increased demand for clean energy generation is expected to drive the market.

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The major players in the solid oxide fuel cell market are Bloom Energy(US), Mitsubishi Power(Japan), Aisin Seiki(Japan), Hitachi Zosen Corporation(Japan), and Ceres Power(UK), Adelan (UK), Adaptive Energy (US), Solid Power (Italy), Watt fuel cell corporation (US), Upstart power (US), AVL (Austria), Convion ltd. (Finland), Kyocera Corporation (Japan), Special Power Source (US), ZTEK Corporation (US), h2e Power (India), Elcogen AS (Estonia), Miura (Japan),  and others.

Diaphragm Pumps Market Size, Share, Trends and Future Growth Predictions till 2027

According to MarketsandMarkets™ recent research report, the Diaphragm Pumps Market will grow at a CAGR of 4.5% between 2022 and 2027 to reach a market size of USD 7.6 billion by 2027 from USD 6.1 billion in 2022. The global spurt in oil & gas activities is driving the demand for diaphragm pumps. Moreover, growth of the water and wastewater treatment industry, led by stringent regulations, is further fueling the growth of the Diaphragm Pumps Market. The pharmaceutical industry is also expected to swell giving rise to opportunities for the growth of the Diaphragm Pumps Market.

The Diaphragm Pumps Market includes prominent Tier I and Tier II manufacturers like Flowserve, IDEX Corporation, PSG, Xylem, Inc., and Ingersoll Rand Inc. These companies have their manufacturing facilities spread across North America, Europe, Asia Pacific and the other regions. Many diaphragm pump manufacturers have also developed smart pumps incorporating AI and IoT technologies that provide real-time monitoring, remote operation capability, failure diagnosis and troubleshooting and a host of other features. The chemicals, water & wastewater, oil & gas, food & beverage, and pharmaceuticals industries are the amongst the largest consumers of diaphragm pumps. The growth of these industries is expected to also lead to the growth of the Diaphragm Pumps Market.

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The air operated segment is expected to dominate the Diaphragm Pumps Market, by mechanism, during the forecast period.

An air compressor is utilized to drive the diaphragm in air-operated diaphragm pumps. Reciprocating elastomeric diaphragms and check valves are utilized in these pumps to pump fluid. A wide variety of materials are used to make these flexible diaphragms. Electricity is not required for operation making these pumps ideal for environments with fire hazards or where power supply is not available. Based on chemical compatibility and the type of fluid that will be handled, a wide range of materials can be selected for the diaphragms of the pump. Air operated double diaphragm pumps (AODD) are specifically preferred in applications that require handling highly viscous liquids with a relatively high amount of solid content. The growth of this segment can be attributed to the growth of the food & beverage, pharmaceuticals, and chemicals industries which commonly employ air operated diaphragm pumps for fluid transfer purposes.

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220 – Pages

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The water & wastewater segment is expected to be the dominant market, by end user, during the forecast period.

The water & wastewater segment held the largest market share of the Diaphragm Pumps Market in 2021. Diaphragm pumps find a variety of applications in the water & wastewater treatment industry and are used in feeding filter presses, digestion tanks & thickeners, and pumping stations. These pumps also find applications in wastewater treatment processes like dewatering through filtration (filter press), chemical dosing to neutralize pH levels and treat sludge, wastewater sump transfer and sample, and municipal water treatment. A wide range of solid debris like stones, sticks, sand, mud, or trash, are easily handled by such pumps making them an ideal choice for water treatment applications. The wastewater from domestic and industrial sources contains harmful bacteria, viruses, nitrogen, phosphorous, and other pollutants that are harmful to the environment and human health, prompting governments to introduce stringent laws on urban and industrial wastewater treatment in Europe, North America, and the emerging economies of Asia Pacific, Middle East & Africa, and South America. This may lead to a further increase in the number of wastewater treatment plants globally driving the demand for diaphragm pumps.

Asia Pacific likely to emerge as the fastest growing Diaphragm Pumps Market globally

The Asia Pacific region is projected to grow at the highest CAGR during the forecast period in the Diaphragm Pumps Market. Industries are the major end users for diaphragm pumps in the Asia Pacific region. The growth of the market in Asia Pacific, hence, can be attributed to the increasing industrialization fueled by the rapid economic growth. Moreover, the burgeoning population of Asia Pacific puts an extreme burden on the water resources of the countries in this region. The water and wastewater treatment sector, as a result, also has a huge growth potential in the region, driving the demand for diaphragm pumps.

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The Diaphragm Pumps Market is dominated by major players that have a wide regional presence. Some of the key players in the Diaphragm Pumps Market are PSG (US), Ingersoll Rand, Inc. (US), Grundfos Holding A/S (Denmark), LEWA GmbH (Germany), IDEX Corporation (US), Xylem, Inc. (US), Flowserve Corporation (US), SPX FLOW (US), and Yamada Corporation (Japan).

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https://www.marketsandmarkets.com/Market-Reports/cryogenic-pump-market-53446001.html

Centrifugal Pump Market by Type (Overhung Impeller, Vertically Suspended, Between Bearing), Operation Type (Electric, Hydraulic, Air Driven), Stage (Single Stage, Multistage), End-User (Industrial, Commercial, Residential), Region- Global Forecast to 2026
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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com