Progressing Cavity Pump Market Share 2022 Top Companies Overview, Size, Growth, Report Analysis and Forecast till 2027
According to the latest report by IMARC Group, titled " Global Progressing Cavity Pump Market Share, Size, Industry Trends, Growth, Opportunity and Forecast 2022-2027 ", the global progressing cavity pump market reached a value of US$ 4.82 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 6.46 Billion by 2027 exhibiting a CAGR of 4.60% during 2022-2027. Progressing cavity pumps, or PCPs, are positive displacement pumps designed to handle tough pumping applications. They are self-priming, valveless, and single lobe pumps widely used for accurate liquid metering and pumping high viscous fluids and shear-sensitive materials without any damage. They offer low flow pulsation, excellent abrasion resistance, easy installation, better operating efficiency, and reduced costs by minimizing energy requirements. As a result, PCPs find extensive applications across various industries, including water and wastewater, petrochemical, oil and gas, che...