Progressing Cavity Pumps market is expected to reach $5.97 billion by 2024
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 rol...