Progressing Cavity Pump Market Size, Share, Trends, Industry Assessment and Forecast to 2022-2027

The latest research study “Progressing Cavity Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global progressing cavity pump market size 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.

A progressing cavity pump (PCP) refers to a surface-driven, single-lobe pump that can safely scale and transport shear-sensitive materials and efficiently handle heavy oil, free gas, and sand. It provides low-flow pulsation, accurate metering of viscous liquids, easy installation, versatility, and efficiency. It also offers resistance against wear from abrasive fluids and helps to lower the overall operating costs by reducing energy requirements. As a result, PCP finds extensive applications in the chemical, petrochemical, paper and pulp, marine, food and beverage (F&B), and mining industries.

Progressing Cavity Pump Market Trends and Drivers:

The global progressing cavity pump market is primarily driven by a significant rise in product use for pumping slurries and sludges in sewage treatment plants. Moreover, the increasing applications of PCP for artificial lifting in the oil and gas industry due to its ability to discharge fluids constantly is positively influencing the market growth.

Additionally, there has been widespread product adoption to pump coal water slurry (CWS), a substitute fuel source used in steam turbines to produce electricity. In line with this, the escalating demand for an uninterrupted electricity supply owing to frequent blackouts, load shedding, and power cuts has catalyzed market growth. Besides this, several favorable initiatives have been taken by governments of numerous countries for better wastewater management to control pollutants and emissions.

Along with this, rapid expansion in the number of wastewater treatment plants and rising environmental awareness are other major growth-inducing factors. Other factors, including enhanced oil recovery and upstream processes, recent technological advancements, and product innovations, are also anticipated to drive the market further.

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Note: 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.

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.

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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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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