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Progressive Cavity Pumps Market Size Latest Estimate
Pune, Maharashtra, India, September 17 2020 (Wiredrelease) Absolute Reports Pvt. Ltd :Startling rise in municipal waste generation around the globe is likely to be the most visible factor driving the global progressive cavity pumps market size in the forecast period. Municipal waste refers to liquid and solid rejected items from households and commercial spaces in a municipal area such as a city or town. With rising world population and increasing commercial activities, municipal waste generation has reached an all-time high. According to the World Bank, presently, about 2.01 billion tons of municipal solid waste is being generated worldwide. It further states that by 2050, this number will rise to 3.40 billion tons. Daily per capita increase in this waste generation is anticipated to rise by 40% by 2050 in low and middle-income countries. This meteoric increase has compelled governments to invest in developing modern waste management techniques and it is in this regard that progressive cavity pumps are expected to play a pivotal role.To get more news about bryson pump, you can visit brysonpump.com official website.
Fortune Business Insights shares crucial market analysis in its report, titled Progressive Cavity Pumps Market Size, Share and Global Trend By Capacity (Low, Medium, High), By End-User (Oil Gas, Chemicals, Water and Wastewater, Food and beverage) and Geography Forecast till 2026. The report incorporates a comprehensive evaluation of the spectrum of factors and dynamics that are likely to shape the development path of the market during the forecast period. Additionally, it also contains an elaborative overview of the general industry outlook that businesses can use to design strategies and create products for the market.
Considered as a modern artificial lift method, a Progressive Cavity Pump (PCP) is essentially a positive displacement device that provides a force that powers fluids to flow through the pump. They are used extensively in a wide of variety of industries including chemicals, food and beverages, oil and gas, power and energy, among others.
Growing need to modernize industrial processes is anticipated to be a dominant factor driving the progressive cavity pumps (PCP) market trends in the coming decade. This modernization is being characterized by the steady progress of the fourth industrial revolution which is founded on the development of Internet of Things (IoT) technology. According to the World Economic Forum (WEF), IoT spending in the manufacturing sector has already touched USD 189 billion in 2018, with other industries also increasing their spending on this technology. In the next four years, the WEF predicts, this figure will reach USD 1.2 trillion. PCPs are touted to play a vital role in facilitating the goals of modernization with sustainable industrial development, thereby pushing up the demand for these devices.
North America and Europe are projected to lead the global progressive cavity pumps market share owing to high adoption rate of modern pumping technologies in resource extraction activities. Advancements in municipal waste treatment methods will also bode well for the market in these continents. In Asia-Pacific, a swiftly expanding manufacturing sector in India and China, coupled with increased petroleum refining activities, will fuel the market in the region. Moreover, growing preference for renewable energy sources in China, India, North America, and Europe will further enhance the potential of this market.
One of the most preferred strategies adopted by key players in the progressing cavity pumps market is acquisition of companies whose products and knowledge can elevate the production capacities of the acquiring company. Some other companies are entering into contractual agreements to diversify their product offerings.
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Developed to save energy during its use and significantly extend its service life, the HiCone pump features a conical form combined with an innovative setting not used before.To get more news about progressive cavity pump spare parts, you can visit brysonpump.com official website.
Vogelsang will be demonstrating a model of the new HiCone pump on stand D301 during the two-day exhibition. The team will be on-hand to answer any questions and explain its specific functions.“With the HiCone, we are once again setting standards for progressive cavity pumps. We have met the demands of our customers for reduced life-costs and longer service times with the further development of our technology. We are pleased to be launching it at this year’s World Biogas Expo and expect a lot of interest.”
Another advantage for users is that they can view the status of the pumping elements in a real-time display. Instead of being surprised by a sudden failure, they can receive continuous information and plan for parts in advance.
“Our customers need technology that is long-lasting and can be flexibly adapted to differing pumping tasks and operating parameters. The HiCone gives them a highly efficient pump, which can be individually adjusted and readjusted.”
The HiCone progressive cavity pump with its innovative adjustment system, which Vogelsang is launching on the market at World Biogas Expo, stands for reduced life cycle costs thanks to its long service life and lower energy requirements.
The clamping between the rotor and stator can be adjusted during the pump’s entire service life at the touch of a button or from the control room at the click of a mouse. It can be quickly and easily adapted to different pumping tasks and changing operating parameters such as pressure, viscosity or temperature, and can be reduced to the minimum required level.
This means a service life that is 2 to 3 times longer and maximum efficiency with minimum power consumption. Jonathan said: “We have developed a revolutionary, patent-pending adjustment system that was not previously available on the market in this form. This once again underscores our innovation leadership in pump technology.”
In addition, the very high power consumption that usually occurs with progressive cavity pumps when starting up the pump, is reduced to a minimum by an intelligent automatic start-up system. This increases energy efficiency, especially for short pumping cycles. At the same time, this also reduces the costs for the power electronics.
Vogelsang has developed this innovative adjustment concept for all four sizes of the HiCone series. This means that the system can be installed in progressive cavity pumps even with high flow rates of up to 290 cubic meters per hour. As a result, for the first time ever, it is possible to individually adjust and readjust the pump for many applications in the biogas sector.The QuickService concept makes it easy to change parts without dismantling the outlet or inlet pipeline. In addition, a display also provides information about the wear status at all times. In use, this means no unexpected breakdowns. Service and maintenance work can be carried out according to schedule.
The robust progressive cavity pumps of the HiCone series reliably convey highly viscous and abrasive media, as well as media heavily contaminated with debris. This makes them suitable for almost all applications in biogas plants.
Progressing cavity pump market
The global progressing cavity pump market is expected to reach US$5.7 billion by the end of 2031, according to a research report by Transparency Market Research (TMR). Moreover, the Progressing Cavity Pumps market growth forecast provided by TMR reveals that the market is anticipated to grow at a CAGR of 7% during the forecast period, 2021 to 2031.To get more news about bryson pump, you can visit brysonpump.com official website.
A rise in industrialization in many developing countries worldwide is expected to contribute to the market expansion in the near future, says a TMR analysis, which includes an in-depth study of Progressing Cavity Pumps market shares. Apart from that, the rapid expansion of various end-use industries including power, oil and gas, and chemicals are driving the sales of progressive cavity pumps. Additionally, rising investments in water and wastewater treatment infrastructure are likely to boost growth prospects in the market, note analysts of a TMR report that sheds light on progressing cavity pumps market trends.
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A rise in infrastructure development activities and a global increase in urbanization are forecast to contribute to the expansion of the global progressive cavity pump market over the forecast period. Companies operating in the global Progressing Cavity Pumps Market focus on employing various strategies such as new product launches and regional expansions in order to stay ahead of the competition. Therefore, such initiatives fuel overall market expansion, analysts of a TMR study note.
The need for uninterruptible power supply is increasing in several emerging countries, including India and China, according to a TMR study of the progressing cavity pump market. In addition, increasing instances of power outages, load dumps and power outages have led to increased adoption of steam turbines for power generation using coal water sludge as a substitute fuel to operate/drive steam turbines. Therefore, an increase in the use of coal-water mud for power generation, as well as the use of progressive cavity pumps in pumping the coal-water mud, is driving the growth prospects in the market, finds a TMR analysis.
Progressing cavity pumps are being increasingly used in the oil and gas industry for artificial lifting because of their ability to maintain downhole solids and maintain a steady fluid discharge, a TMR study finds. The design of these pumps is such that the progressive cavity pumping system at the pump inlet can limit the ingestion of solid impurities, which can reduce the risk of inlet clogging and consequently help to promote liquid inflow. Because of this factor, demand for progressing cavity pumps is increasing among companies across various end-use industries, according to a TMR assessment.