Global Progressing Cavity Pump Market Insights Forecasts to 2033

• The Global Progressing Cavity Pump Market Size was Valued at USD 3.2 Billion in 2023
• The Market Size is Growing at a CAGR of 4.35% from 2023 to 2033
• The Worldwide Progressing Cavity Pump Market Size is Expected to Reach USD 4.9 Billion by 2033
• North America is Expected to Grow the fastest during the forecast period.

The Global Progressing Cavity Pump Market Size is Anticipated to Exceed USD 4.9 Billion by 2033, Growing at a CAGR of 4.35% from 2023 to 2033.

Market Overview                                                                                       

Progressing cavity pumps are a type of positive displacement pump that uses a helical rotor that turns erratically inside a double helical stator to progressively move the fluid or semi-solid material being pumped. These pumps are commonly used in industries such as oil & gas, food & beverage, mining, power generation, chemicals, and wastewater management. The manufacturing and sales of progressing cavity pumps comprise the progressing cavity pump market. While it is a versatile pump that might be used for a wide range of applications, its primary purpose is the metering of chemicals and the pumping of difficult, viscous, or shear-sensitive fluids. With all positive displacement pumps, progressive cavity (PC) pumps produce flow. As the progressing cavity pump has a set flow rate, it can move thick, lumpy, or very viscous fluids for an extended period with reliability. As progressing cavity pumps can readily handle thick, heavy, abrasive materials and shear-sensitive liquids, they are being used more and more for applications like viscous sludge, cleaning oil well boreholes, and mining slurries. In comparison to traditional pumps, these pumps require less maintenance and wear fewer parts, which increases demand for them around the world. Progressing cavity pumps can be used in a variety of industrial applications as they are corrosion-resistant and operate well while handling mixed phases, gases, and solids.

Report Coverage

This research report categorizes the market for the global progressing cavity pump market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global progressing cavity pump market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global progressing cavity pump market.

Driving Factors

In a variety of industries, progressive cavity pumps are utilized for the intermittent or continuous transfer of raw materials with different levels of viscosity, abrasiveness, or even high solid content. Progressive cavity pumps are used by many industrial operators in the food and beverage, oil and gas, and water and wastewater industries to discharge very viscous material at a steady flow rate. When compared to alternative approaches, the utilization of the pump also helps plant operators save a substantial amount of energy, save maintenance costs, and decrease downtime. To save costs, the plant operators improved their system to include a progressive cavity pump for discharging the dewatered sludge. This pump solution enables operation at all times. The longest possible service life, extended maintenance intervals, less downtime, and dependable, continuous operation are the results of this. These are positive displacement pumps that, independent of changes in pressure, might displace a certain amount of fluid with each revolution of the pump. This helps to optimize energy usage by maintaining a consistent flow rate. Their moderate turning speeds enable them to minimize shear pressures on the pumped fluid, so preserving its integrity and avoiding degradation.

Restraining Factors

Many businesses utilize the progressive cavity pump to improve industrial process recovery. The pump can suffer greatly from variations in well conditions and operational factors like motor speed, which can also impair the system's consistent and dependable performance. Furthermore, the process optimization could be lessened by variations in pump speed. For example, if the motor pump's speed increases and it exceeds the well's intake, the pump might turn off and eventually die. However, a drop in pump speed might lead the production rate to fall considerably short of the well's potential, which would probably impede the expansion of the progressive cavity pump industry. To address these problems, several significant market companies improve their progressing cavity pump products using cutting-edge technologies.

Market Segmentation

The global progressing cavity pump market share is classified into pumping capacity (GPM), power rating (HP), and end user.

• The 0 to 500 GPM segment is expected to hold the largest share of the global progressing cavity pump market during the forecast period.   

Based on the pumping capacity, the global progressing cavity pump market is divided into 0 to 500 GPM, 500 to 1000 GPM, and above 1000 GPM. Among these, the 0 to 500 GPM segment is expected to hold the largest share of the global progressing cavity pump market during the forecast period. These cavity pumps are widely available from market participants, with pumping capacity varying from 0 to 500 GPM. It works well in situations where efficient movement of huge quantities of fluid is required. It is renowned for its adaptability and capacity to work with a variety of fluids, such as abrasive, viscous, and shear-sensitive liquids. It is perfect for a variety of sectors, including food processing, chemical production, wastewater treatment, oil and gas, and food processing, since it can pump fluids with different viscosities with efficiency.

• The up to 50 HP segment is expected to hold the largest share of the global progressing cavity pump market during the forecast period.   

Based on the power rating, the global progressing cavity pump market is divided into up to 50 HP, 50 to 100 HP, and above 100 HP. Among these, the up to 50 HP segment is expected to hold the largest share of the global progressing cavity pump market during the forecast period. When differential pressure rises, materials with high abrasive and viscosity often offer a reduced discharge rate. As a result, different operators decide to use lower power ratings for their end customers. Pumps with greater power ratings are frequently needed in industries including oil and gas, food processing, mining, and wastewater treatment to properly satisfy their operating needs. Due to their power rating, progressing cavity pumps can effectively handle fluids with high viscosity, abrasive particles, or corrosive qualities, guaranteeing dependable and constant operation even in the most trying circumstances.

• The oil & gas segment is expected to hold the largest share of the global progressing cavity pump market during the forecast period.   

Based on the end user, the global progressing cavity pump market is divided into oil & gas, water & wastewater, food & beverages, chemicals & petrochemicals, pulp & paper, and others. Among these, the oil & gas segment is expected to hold the largest share of the global progressing cavity pump market during the forecast period. The two main end-users in the oil and gas sector for pumps are typically oil and water separation and oil transport. Furthermore, these pumps are more affordable than traditional in-field pumping options when it comes to transferring bitumen, heavy and extra-heavy oils, multiphase transfers, and injection in distant locations where a high viscosity necessitates a particular operating style.

Regional Segment Analysis of the Global Progressing Cavity Pump Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the global progressing cavity pump market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the global progressing cavity pump market over the predicted timeframe. The demand for progressing cavity pumps in the region is being driven by the region's expanding oil and gas reserves as well as the increased expenditure in their exploration and production operations. Progressing cavity pumps are used in the construction industry to pump viscous materials such as concrete and slurries. The region's focus on infrastructure development is another factor boosting the market's expansion. The region's market expansion might be attributed to the fast expansion and ensuing rise in economic activities including urbanization, industrialization, and modern agriculture, which increased the need for reusable and clean water. Infrastructure expenditures for water and wastewater treatment are being driven by the rising environmental concerns in Asia Pacific. Government programs encouraging access to clean water and sanitation, along with strict regulations, are driving up demand for progressive cavity pumps in these kinds of facilities. They are a valuable resource due to their capacity to effectively manage different kinds of sludge and wastewater.

North America is expected to grow at the fastest pace in the global progressing cavity pump market during the forecast period. Pump demand is predicted to increase steadily due to industries including water and wastewater. In contrast, municipal sewage systems in Canada service around 86% of the country's population. For the expanding worldwide progressive cavity pump market, North America holds the second-largest market share. North America's manufacturing industry is well-established and includes sectors including oil and gas processing, mining, pharmaceuticals, food and beverage production, and wastewater treatment. The market share of North America is derived from these regions' demand. Furthermore, the progressive cavity pump market in the United States has the most market share, while the progressive cavity pump market in Canada is expanding at the quickest rate on the North American continent.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global progressing cavity pump market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Alfa Laval AB
• Allweiler AG
• Blackmer Holding Company
• Wilden Pump & Specialty Products
• Xylem Inc.
• Yingde Xin'gan Machinery Manufacturing Co., Ltd.
• Flotronic Pumps
• GRUNDFOS Holding A/S
• Mono Pumps Limited
• NETZSCH Pumpen & Mühlenwerke GmbH
• Tsurumi Manufacturing Co., Ltd.
• Vaughan Company, Inc.
• Verder Liquids Handling Technologies
• Weir Group PLC
• PCM Technologies
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In June 2023, CIRCOR International, Inc. announced a revised definitive merger agreement for $56.00 per share in cash with affiliates of investment funds managed by KKR.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global progressing cavity pump market based on the below-mentioned segments: 

Global Progressing Cavity Pump Market, By Pumping Capacity

• 0 to 500 GPM
• 500 to 1000 GPM
• Above 1000 GPM

Global Progressing Cavity Pump Market, By Power Rating

• Up to 50 HP
• 51 to 100 HP
• Above 100 HP

Global Progressing Cavity Pump Market, By End User

• Oil & Gas
• Water & Wastewater
• Food & Beverages
• Chemicals & Petrochemicals
• Pulp & Paper
• Others

Global Progressing Cavity Pump Market, Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa