Progressing Cavity Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Progressing Cavity Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A5192
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Market Overview:

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 growth rate (CAGR) of 4.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

A progressing cavity pump (PCP) is a surface-driven and single lobe pump that can handle heavy oil, free gas, sand and scale and transfer shear-sensitive materials without damage. It is efficient, versatile, easy to install and offers low flow pulsation, accurate metering of viscous liquids and resistance against wear from abrasive fluids. Besides this, as it assists in reducing the overall operating costs by minimizing the energy requirements, PCP finds extensive applications in the food and beverage (F&B), paper and pulp, chemical, petrochemical, marine, and mining industries across the globe.

 

 
 

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Progressing Cavity Pump Market Trends:

There is a rise in the use of PCPs in sewage treatment plants for pumping slurries and sludges. Besides this, they can also pump coal water slurry (CWS), which is utilized as an alternative source of fuel in steam turbines for power generation. This, in confluence with the increasing demand for uninterrupted power supply on account of frequent blackouts, power cuts, and load shedding worldwide, represents one of the key factors propelling the market growth. Moreover, PCPs are employed in the oil and gas industry for artificial lifting due to their ability to maintain a constant discharge of fluids. Apart from this, governing authorities of numerous countries are focusing on better management of wastewater to regulate emissions and pollutants. This, along with the rising environmental awareness and rapid expansion in the number of wastewater treatment plants around the world, is positively influencing the market. Other factors fueling the growth of the market are enhanced oil recovery and upstream processes and technological advancements, such as cutting-edge and 3D printing, in pump design, repair and replacement.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global progressing cavity pump market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on 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:

 

 
 

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  • 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:

 

 
 

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  • 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
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Pumping Capacity, Power Rating, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Progressing Cavity Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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