Progressive Cavity Pump Market Share

APAC Market Forecast

The progressive cavity pump market in Asia Pacific is projected to be the largest with a share of about 37% by the end of 2037. The growth of the market can be attributed majorly to the increasing salinity of groundwater in various countries of the Asia Pacific region. Previously, saltwater would seep 30-50 km inland. It is currently capable of reaching locations more than 100 km from the coast. The salinity in the affected areas has almost tripled since the 90s. Moreover, Asia is a land of agricultural activities, and the increasing salinity in water is also affecting the growth of the crops. The salinity has affected the 1.5% of the annual rice yield of Vietnam which is worth USD 455 million.

North American Market Statistics

The North America progressive cavity pump market is estimated to be the second largest, registering a share of about 26 % by the end of 2037. The growth of the market can be attributed majorly to the advancement in pump technology, such as the development of more durable and reliable materials, improved designs, and enhanced sealing mechanism. Besides this, the growing production of electricity and demand for fossil for producing more electricity is also expected to boost the growth of the market in the region.