Progressive Cavity Pump Market Revenue, Growth Factors, Trends, Key Companies, Forecast To 2030
Progressive Cavity Pump Market Overview: Progressive Cavity Pump Market size is projected to grow at 4.96% CAGR during the forecast period 2022-2030 due to increase in demand from water & wastewater management. The increase in net worth of the progressive cavity pumps global market across the analysis period can be attributed to the implementation of rural water infrastructure development projects. The decline in the quality of drinking water required immediate solutions. Governments are funding projects concerning improvement of the quality of drinking water. This is expected to benefit the market. The utility served by progressive cavity pump is unparalleled. Hence, despite their complex design, hey are gaining high popularity. The rise in the number of progressive cavity pumps is another chief factor that can support the expansion of the global market. The increased production of 50 HP progressive cavity pump due to their high sales can add momentum to th...