Global Progressing Cavity Pump Market Size By Pumping Capacity (GPM) (0 To500, 500 To 1000), By Power Rating (HP) (Up to 50, 51 to 100), By End User (Oil & Gas, Water & Wastewater), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Progressing Cavity Pump Market Size By Pumping Capacity (GPM) (0 To500, 500 To 1000), By Power Rating (HP) (Up to 50, 51 to 100), By End User (Oil & Gas, Water & Wastewater), By Geographic Scope And Forecast
Progressing Cavity Pump Market Size And Forecast
Progressing Cavity Pump Market size was valued at USD 2.3 Billion in 2022 and is projected to reach USD 2.8 Billion By 2030, growing at a CAGR of 2.48% from 2024 to 2030.
Growing expenditures in water and wastewater treatment plants, rapid development in emerging economies, and recent advances in technology in the progressing cavity pump are projected to drive the Global Progressing Cavity Pump Market. The global market for progressing cavity pumps has grown significantly in recent years. The Global Progressing Cavity Pump Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Progressing Cavity Pump Market Definition
A progressive cavity pump is a positive displacement pump with a high Pumping Capacity (GPM) that is designed to handle extremely tough pumping Power Rating (HP)s and highly viscous fluids. While it is a versatile pump capable of a wide range of tasks, it is especially well-suited for metering chemicals and pumping viscous, abrasive, or shear-sensitive materials. Progressive cavity pumps are also known as progressing cavity pumps, PC pumps, cavity pumps, and prog cavity pumps.
Progressing Cavity pumps are used in all industries to convey almost all Pumping Capacity (GPM)s of media continuously and smoothly, with low pulsation and dosing corresponding to speed. They are used for dosing Power Rating (HP)s where accuracy is required (multi-stage pumps). Their range includes the smallest dosing pumps with flow rates of a few ml to high-performance pumps with pumping capacities of up to 1000 m3/h. One of the primary benefits of a progressive cavity pump is the ease with which product flow can be regulated simply by adjusting the pump’s speed.
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Global Progressing Cavity Pump Market Overview
A PCP is utilized for transferring raw materials with varying viscosity, abrasiveness, or even high solid content in a variety of industries. Progressive cavity pumps are implemented by various industrial operators to discharge highly viscous material at a constant flow rate in water and wastewater, oil and gas, and food and beverages. In addition, when compared to other methods, using the pump allows plant operators to save significant quantities of energy, lower maintenance costs, and reduce downtime. For example, in Western Germany, the Duisburg-Kasslerfeld sewage plant serves a large catchment area contaminated by wastewater from households and industrial operations.
Due to the pump solution enabling 24-hour per day operation, thereby decreasing costs, the plant operators have upgraded their system in recent years with progressive cavity pumps for discharging the dewatered sludge. In addition, Ruhrverband, a water management company, used four-stage solid-substance progressive cavity pumps from the AE-RG series as the residual sludge discharge pump, substantially reducing associated maintenance and operational costs as well as power consumption since operations began. As a result, the longest possible service life has been achieved, as long maintenance intervals, minimal downtime, and reliable, continuous operation.
The progressive cavity pump, on the other hand, is used in a variety of industries to improve the recovery of industrial processes. Changes in good conditions and operational conditions, such as motor speed, can wreak havoc on the pump and disrupt the system’s steady and reliable performance. Furthermore, variations in pump speed can reduce process optimization. For example, increasing the speed of the motor pump can cause it to outpace well inflow, resulting in pump-off and subsequent pump failure. On the other hand, a decrease in pump speed can result in a lower production rate that is far below the well’s potential, potentially impeding the growth of the Progressing Cavity Pump Market. However, various market players improve their PCP products with cutting-edge technology to address such issues.
Global Progressing Cavity Pump Market Segmentation Analysis
The Global Progressing Cavity Pump Market is Segmented on the basis of Pumping Capacity (GPM), Power Rating (HP), End User, And Geography.
Progressing Cavity Pump Market, By Pumping Capacity (GPM)
0 to 500
500 to 1000
Above 1000
Based on Pumping Capacity (GPM), the market is segmented into functional 0 to 500, 500 to 1000, and Above 1000. In 2022, the 0 to 500 GPM segment is expected to lead the market. Market players offer a diverse range of cavity pumps with pumping capacities ranging from 0 to 500 GPM.
Progressing Cavity Pump Market, By Power Rating (HP)
Up to 50
51 to 100
Above 100
Based on Power Rating (HP), the market is segmented into Up to 50, 51 to 100, and Above 100. In 2022, the Up to 50 HP segment is expected to lead the global market. With a rise in differential pressure, high abrasive and viscosity materials generally provide a lower discharge rate, leading to various operators using lower power ratings for their end-users.
Progressing Cavity Pump Market, By End User
Oil & Gas
Water & Wastewater
Food & Beverages
Chemicals & Petrochemicals
Pulp & Paper
Others
Based on End User, the market is segmented into Oil & Gas, Water & Wastewater, Food & Beverages, Chemicals & Petrochemicals, Pulp & Paper, and Others. The pump is commonly used in two major end-user applications in the oil and gas industryoil and water separation and oil transfer. Furthermore, when transferring heavy oil, extra-heavy oil, bitumen, multiphase transfer, and injection in remote areas with a very high viscosity, these pumps are a cost-effective alternative to conventional in-field pumping alternatives.
Progressing Cavity Pump Market, By Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
On the basis of Geography, the Global Progressing Cavity Pump Market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period, the Asia Pacific region is expected to have the largest market share in the PCP market. The region’s market growth can be attributed to rapid growth and subsequent increase in economic activities such as industrialization, modern agriculture, and urbanization, which exacerbated the demand for clean and reusable water. Furthermore, China, India, South Korea, Indonesia, and Taiwan have a significant share of the global chemical industry, and according to the BASF report, China is the largest contributor to the chemical market and is expected to grow in the coming years.
Key Players
The “Global Progressing Cavity Pump Market” study report will provide valuable insight with an emphasis on the global market including some of the major players of the industry are Weatherford International Plc., Verder Liquids BV, PCM, Sulzer, NETZSCH, JOHSTADT, General Electric Company, NOV Process & Flow Technologies UK Limited, Liberty Process Equipment, Inc., Colfax Americas, ITT Bornemann among others.
Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2019-2030
BASE YEAR
2022
FORECAST PERIOD
2024-2030
HISTORICAL PERIOD
2019-2021
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Weatherford International Plc., Verder Liquids BV, PCM, Sulzer, NETZSCH, JOHSTADT, General Electric Company, NOV Process & Flow Technologies UK Limited, Liberty Process Equipment, Inc., Colfax Americas, ITT Bornemann.
SEGMENTS COVERED
By Pumping Capacity (GPM), By Power Rating (HP), By End User, By Geography.
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