According to the latest report by IMARC Group, titled “Global Progressing Cavity Pump Market Share, Size, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global progressing cavity pump market reached a value of US$ 4.82 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 6.46 Billion by 2027 exhibiting a CAGR of 4.60% during 2022-2027.
Progressing cavity pumps, or PCPs, are positive displacement pumps designed to handle tough pumping applications. They are self-priming, valveless, and single lobe pumps widely used for accurate liquid metering and pumping high viscous fluids and shear-sensitive materials without any damage. They offer low flow pulsation, excellent abrasion resistance, easy installation, better operating efficiency, and reduced costs by minimizing energy requirements. As a result, PCPs find extensive applications across various industries, including water and wastewater, petrochemical, oil and gas, chemical, and food and beverage (F&B).
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Progressing Cavity Pump Market Trends and Drivers:
The global progressing cavity pump market is primarily driven by its increasing applications in sewage treatment plants for pumping excessive sludge, slurries, and untreated sewage. In addition, governments of various countries are taking favorable initiatives for efficient wastewater management to reduce pollutants and emissions.
Along with this, the growing usage of PCPs in the oil and gas sector for artificial lifting due to their ability to handle wellbore solids and maintain a continuous discharge of fluids has augmented the product demand. Furthermore, recent technological advancements, such as cutting-edge and 3D printing in pump design, repair, and replacement, have accelerated product adoption rates.
Other factors, including the rising establishment of wastewater treatment plants, widespread product adoption for pumping coal water slurry (CWS), increasing environmental consciousness, and enhanced oil recovery and upstream processes, are also anticipated to catalyze the market growth.
Global Progressing Cavity Pump Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
ChampionX, Circor International Inc., Continental Pump Company Inc., Erich NETZSCH GmbH & Co. Holding KG, Liberty Process Equipment Inc., Nov Inc., Nova Rotors Srl, PCM Inc. (Insight Enterprises Inc.), Pumpenfabrik Wangen GmbH, Schlumberger Limited, Vogelsang GmbH & Co. KG, Weatherford International LLC and Xylem Inc.
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The report has segmented the market on the basis of region, pumping capacity, power rating and end user.
Breakup by Pumping Capacity:
• Up to 500 GPM
• 501–1,000 GPM
• Above 1,000 GPM
Breakup by Power Rating:
• Up to 50 HP
• 51–150 HP
• Above 1,50 HP
Breakup by End User:
• Water and Wastewater Management
• Oil and Gas
• Food and Beverages
• Chemicals and Petrochemicals
• Others
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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