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

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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.

Now, the progressive cavity pump is a real workhorse across many industries, helping them get more out of their processes. But here's the thingthese pumps are sensitive. Changes in ideal or actual operating conditions, like messing with the motor speed, can really throw them for a loop, messing up the consistent performance we need. Plus, if the pump speed isn't just right, you're not getting the most out of your process. For instance, crank up that motor too much and the pump might suck the well dry, leading to pump failure! Ouch! On the flip side, slow it down too much and you're not pumping as much as you could be, which can hold back the Progressing Cavity Pump Market's potential growth. Luckily, the folks making these pumps are always improving them with the latest tech to handle these sorts of problems.

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

When we look at where Progressing Cavity Pumps (PCPs) are used around the world, we can divide it up by regionNorth America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. It's expected that Asia Pacific will be the biggest market for PCPs in the future. Why? Well, this area is booming! Things like industrialization, modern agriculture, and urbanization are all taking off, and that means a greater need for clean and reusable water. Plus, countries like China, India, South Korea, Indonesia, and Taiwan have huge chemical industries. In fact, a report by BASF says that China is the largest player in the chemical market, and it's only going to get bigger.

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 ATTRIBUTESDETAILS
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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