Progressing Cavity Pump Market Size Report, Industry Share, Analysis, Growth, 2032

Global Progressing Cavity Pump Market Insights

According to a report from Zion Market Research, the global Progressing Cavity Pump Market was valued at USD 2253.66 Million in 2023 and is projected to hit USD 3556.56 Million by 2032, with a compound annual growth rate (CAGR) of 5.2% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Progressing Cavity Pump industry over the next decade.

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Introduction

A progressing cavity pump is a kind of positive displacement pump that is also referred to as progressing cavity pump. Moreover, it transfers liquids via pump by means of tiny and fixed-shape discrete cavities. These products are utilized in fluid meters as well as pumping of viscous & shear sensitive objects. Furthermore, progressing cavity pumps are deployed for effectively handling viscous liquids at high rate of flows and in applications involving huge pressure of discharge requiring smooth amount of flow. These products are set up where there is a high pressure release requirement.

Market Growth Dynamics

Beneficial features including abrasion resistance, low proportion of surface noise, and low maintenance requirement will steer the growth of progressing cavity pump industry over the forecast timeline. Apart from this, the product finds extensive usage in liquid possessing high thickness & viscosity as compared to water in order to enhance its volumetric & mechanical proficiency along with raising its viscosity.

Furthermore, a surge in infrastructural funding activities for improving wastewater infrastructure and infrastructural growth will embellish the market growth over the years to come. The product is also used for discharging mashes, dough, slurry, and pulp from paper recycling units. It also find lucrative application in wastewater treatment units and anaerobic digestion facilities. Large-scale utilization of the product in oil & gas, chemical, food & beverages, and petrochemical sectors will boost the market trends.

Global Progressing Cavity Pump Market: Segmentation

The study provides a decisive view of the progressing cavity pump market by segmenting the market based on by power rating, by end-user and by region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By power rating segment analysis includes up to 50 hp, 51–150 hp, above 150 hp.

By end-user segment analysis includes oil & gas, by application (onshore and offshore), by well type (horizontal/directional and vertical well), water & waste management, food & beverage, chemical & petrochemical, others.

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Progressing Cavity Pump Market: Report Scope

North America To Lead Overall Market Expansion Over 2024-2032

The regional market growth over the forecast period is credited to massive demand for the product across wastewater treatment, oil & gas, and chemical sectors in the countries like the U.S. Apart from this, need for upgrading water infrastructure facility & reshoring of production activities in the developed countries like the U.S. will embellish the regional market trends.

Global Progressing Cavity Pump Market: Competitive Players

Key participants influencing the market growth include are-

• Borets
• National Oilwell
• Weatherford
• PCM
• Schlumberger
• Halliburton
• Xylem
• CIRCOR
• National Oil Well
• PCM
• NETZSCH
• Dover
• Seepex

The global progressing cavity pump market is segmented as follows:

By Power Rating

• Up To 50 hp
• 51–150 hp
• Above 150 hp

By End-User

• Oil & Gas
• By Application (Onshore and Offshore)
• By Well Type (Horizontal/Directional and Vertical Well)
• Water & Waste Management
• Food & Beverage
• Chemical & Petrochemical
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa