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Progressing Cavity Pump Market Size (2024 - 2029)

The progressing cavity pump market is experiencing growth driven by its increasing application in sectors such as oil and gas, water and wastewater management, chemicals, and petrochemicals. The expansion of smart cities is expected to further boost the market size, offering significant opportunities for companies specializing in smart water management solutions. Additionally, advancements in technology, including enhanced oil recovery and innovations in pump design, are contributing to market growth. However, challenges such as high development and maintenance costs, the presence of cheaper alternatives, and price competition may hinder expansion. The market also faced setbacks due to reduced demand from end-user industries during the COVID-19 pandemic, leading to decreased production and workforce reductions.

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Market Size of Progressing Cavity Pump Industry

Progressing Cavity Pump Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.80 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration High

Major Players

Progressing Cavity Pump Market Major Players

*Disclaimer: Major Players sorted in no particular order

Progressing Cavity Pump Market Analysis

Over the next few years, the market for progressing cavity pumps will register a CAGR of 5.8%. A progressive cavity pump, also known as an eccentric screw pump, a progressing cavity pump, or a cavity pump, is a type of positive displacement pump. It moves fluid by turning its rotor, which creates a series of small holes with clear shapes that move through the pump.

  • Progressive cavity pumps are being used more and more in oil and gas, water and wastewater management, chemicals, and petrochemicals, which is driving growth in the global cavity pump market.
  • Progressive cavity pumps are expected to be used more as the number of smart cities around the world grows. This will give companies that make smart water management solutions a lot of business opportunities.
  • Enhanced oil recovery, upstream operations, and technological breakthroughs like cutting-edge and 3D printing in pump design, repair, and replacement are also driving the market's growth.
  • But factors like high development and maintenance costs, the availability of less expensive alternatives, and price competition are probably going to limit the market's growth.
  • Due to the COVID-19 epidemic, there was less demand in the market from businesses in the end-user industries. Due to the tough times, these businesses saw a big drop in their income and earnings, which led to a big drop in staff and workers and a loss of industrial production activities overall.

Progressing Cavity Pump Industry Segmentation

Progressing cavity pumps primarily belong to the group of rotating positive displacement pumps. They are self-priming and valve-less. Owing to their high process liability and suction capacity, they are mostly used for continuous, gentle conveyance and precise dosing. These pumps are extremely versatile and can be used in multiple pumping applications. They also offer all the advantages of a positive displacement pump and are primarily designed for abrasion resistance in tough pumping applications.

The progressing cavity pump market is segmented by power rating (up to 50 HP, between 51 and 150 HP, and above 150 HP), end-user vertical (water and wastewater, oil and gas, chemicals and petrochemicals, food and beverage), and geography (North America, Asia-Pacific, Latin America, Europe, the Middle East, and Africa). The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

Power Rating
Up to 50 HP
Between 51 to 150 HP
Above 150 HP
End-User Vertical
Water and Wastewater
Oil and Gas
Chemicals and Petrochemicals
Food and Beverage
Other End-Users
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
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Progressing Cavity Pump Market Size Summary

The progressing cavity pump market is poised for significant growth, driven by its increasing application across various sectors such as oil and gas, water and wastewater management, chemicals, and petrochemicals. These pumps, known for their ability to handle thick and rough fluids, are becoming essential in managing wastewater and water treatment processes, particularly as global populations rise and water demand increases. The expansion of smart cities worldwide is also expected to create substantial opportunities for companies offering smart water management solutions. However, the market faces challenges, including high development and maintenance costs, the availability of cheaper alternatives, and price competition, which could potentially hinder its growth trajectory.

Regionally, Asia Pacific is anticipated to lead the market, fueled by industrialization, urbanization, and the need for clean, reusable water. The region's growth is further supported by increased investments in infrastructure for water and wastewater treatment, alongside rising demand for proper sanitation due to urbanization and improved living standards. The market is characterized by a consolidated landscape with key players such as National-Oilwell Varco Inc., Schlumberger Limited, and Xylem Inc., who are actively investing in innovation and expansion to enhance their market presence. Recent developments, such as the introduction of new technologies and strategic investments in venture capital funds, underscore the industry's commitment to advancing pump design and water technology solutions.

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Progressing Cavity Pump Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Intensity of Competitive Rivalry

      5. 1.3.5 Threat of Substitutes Products

    4. 1.4 Assessment of COVID-19 Impact on the Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Power Rating

      1. 2.1.1 Up to 50 HP

      2. 2.1.2 Between 51 to 150 HP

      3. 2.1.3 Above 150 HP

    2. 2.2 End-User Vertical

      1. 2.2.1 Water and Wastewater

      2. 2.2.2 Oil and Gas

      3. 2.2.3 Chemicals and Petrochemicals

      4. 2.2.4 Food and Beverage

      5. 2.2.5 Other End-Users

    3. 2.3 Geography

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia-Pacific

      4. 2.3.4 Latin America

      5. 2.3.5 Middle East and Africa

Progressing Cavity Pump Market Size FAQs

The Progressing Cavity Pump Market is projected to register a CAGR of 5.80% during the forecast period (2024-2029)

Schlumberger Limited. , National-Oilwell Varco, Inc. , Xylem Inc , PCM Group and NETZSCH Group are the major companies operating in the Progressing Cavity Pump Market.

Progressing Cavity Pump Report Snapshots

Progressing Cavity Pump Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)