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Progressive cavity pump Market
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Progressive cavity pump Market
A progressive cavity pump is a type of positive displacement pump and is also known as progg cavity pump, eccentric screw pump or cavity pump. Progressive cavity pump transfers fluid by means of the progress, through the pump of a sequence of small, fixed shape, discrete cavities, at its rotor is turned which leads to the volumetric flow rate being proportional to the pumped fluid. These pumps have application in fluid metering and pumping of vicious or shear sensitive materials. The cavities taper down towards their end and overlap. To get more news about Progressive cavity pump parts, you can visit brysonpump.com official website.
COVID-19 Impact analysisWith the outbreak of COVID-19, the market has witnessed a slump in demand from various enterprises operating in the end-user industries. Under such constrained circumstances, these enterprises have seen a vast decline in revenue and profits, leading to a significant cut down of employees and workers, resulting in an overall loss to industrial production activities. However, players, like Seepex Inc., have witnessed an increase in orders for spare parts. The company has also found alternative supply channels, components within their modular, and varied pump offerings. Governments of several countries across the globe have imposed stringent lockdowns to limit the spread of the coronavirus. Movement of individuals and economic activities, related to goods and services, have come to a halt because of lockdowns. Supply could not adjust to the decline in consumption. This resulted in considerable build-up of crude oil in storage. Therefore, midstream activities (consist of transport of crude oil to the refineries) were hampered. Progressing cavity pumps are extensively utilized in pumping stations, which are part of infrastructure of midstream activities. Thus, unprecedented decline in demand has created difficulties for the upstream sector in regions that have unfavorable production economies, which in turn has hampered the whole supply chain of the oil & gas industry.
Top Impacting Factors
The global progressive cavity pump market is growing at a fast pace owing to driving factors such as increasing demand from water and waste-water industry due to its characteristic of handling high viscosity fluid. Moreover, increasing use in power generation due to low cost is likely to drive the demand for progressive cavity pump in the near future. High to moderate maintenance cost is projected to restrain the growth of progressive cavity pump market