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Progressing Cavity Pump Market CAGR of 3.3% To Reach US$ 1,695.7 Mn By PRODUCT, APPLICATION, TECHNOLOGY with Professional Outlook Till 2028 | ChampionX, Seepex Inc., PCM Group, Xylem Inc.

November 23rd, 2022 Coherent Market Insights Releases

Progressing Cavity Pump Market

The market for progressive cavity pumps was valued at US$ 1,360.7 million in 2021 and is anticipated to grow at a CAGR of 3.3% from 2022 to 2028 to reach US$ 1,695.7 million. Due to the rise in demand for progressing cavity pumps from different end-use sectors, the progressing cavity pump market is expanding rapidly on a global scale. Additionally, the market is anticipated to increase because to its appropriateness for handling high-viscosity fluids and the rising number of smart cities throughout the world. The market for progressive cavity pumps is predicted to develop, but issues like high deployment and maintenance costs, the availability of replacements, or the availability of low-quality and affordable goods, are expected to restrain it.

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Regional Insights

The market for advancing cavity pumps is divided into five regions based on geography: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.

Due to the rising usage of advancing cavity pumps in oil recovery and other upstream processes in the area, North America is anticipated to earn the largest market share over the projection period. For instance, the progressive cavity pump is a technology used in oil wells to increase output by reducing bottom-hole pressure. Approximately 11.8 million barrels per day (b/d) of oil were produced in North America in 2022, and 12.6 million b/d were produced in 2023, according to the U.S. Energy Information Administration (EIA). In 2020, the average daily output of crude oil was 11.3 million barrels (b/d).

Due to the growing usage of progressing cavity pumps and the increasing number of smart cities in the area, Asia Pacific is also anticipated to have strong development in the worldwide progressing cavity pump market. For instance, India’s ambitious Smart Cities plan was introduced by Prime Minister Narendra Modi in 2015 with the goal of addressing significant difficulties brought on by India’s fast urbanisation. By 2022, India intends to develop at least 100 smart cities, and by 2050, around 70% of the population would reside in urban areas.

Market Drivers

During the projected period, a high acceptance rate of contemporary pumping technologies is anticipated to boost the expansion of the worldwide advancing cavity pump market. For instance, a progressive cavity pump is a type of positive displacement pump made to handle fluids with a high viscosity and particularly challenging pumping applications. AEB-DE progressive cavity pumps from German pump manufacturer Allweiler were introduced in February 2020. Pumps come in four sizes, have a single installation footprint, and support bi-directional flow.

Over the course of the projected period, rising progressive cavity pump utilisation in water and wastewater management around the globe is anticipated to fuel market expansion. Progressive cavity pumps are frequently used in the wastewater treatment sector. Under its Long-Term Operation and Maintenance Contracts programme, Saudi Arabia’s National Water Company (NWC) signed two contracts worth 1.59 billion Saudi riyals ($ 423 million) with private sector consortiums in September 2022 to renovate, run, and maintain six wastewater treatment facilities in Makkah and Jeddah.

Market Opportunities

The growing number of smart cities throughout the world is anticipated to provide companies in the developing cavity pump market with attractive growth prospects. For instance, the growth of smart cities throughout the globe is anticipated to open up sizable commercial prospects for suppliers of smart water management solutions, which is anticipated to lead to a rise in the usage of progressive cavity pumps. According to a survey from smartcitiesieeee.org, there are more than 250 smart city initiatives in 178 cities worldwide.

Players in the worldwide progressive cavity pump market could benefit from lucrative development prospects due to the suitability for handling high-viscosity fluids. For instance, a pump is made to handle fluids with high viscosities and particularly challenging pumping applications. The new ALLWEILER AEB-1F-ME mobile progressive cavity pump unit was introduced by CIRCOR International in September 2022. It is perfect for transfer & metering applications in the food & beverage business, including wine and wine mash, fruits, water, dips, sauce, juice, and oils.

Market Trends

The volume of wastewater generated and its overall pollutant load are rising globally at the same rapid rate as the demand for water. As a result, advancing cavity pumps are increasingly being used in the management of water and wastewater throughout the globe, and this trend is anticipated to persist over the projected period. Additionally, the expanding use of progressive cavity pumps in water and wastewater treatment facilities, particularly in developing nations, might be linked to the market expansion for them.

Additionally, the ongoing necessity to update various industrial processes is a major factor influencing the market trends for developing cavity pumps in the near future. As a result, demand for advancing cavity pumps is rising across a range of end-use sectors, and the trend is anticipated to persist throughout the course of the projected period.

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Market Restraints

The progression of the cavity pump market is anticipated to be hampered by the availability of alternatives or by the availability of low-quality and affordable goods. Progressive cavity pumps, for instance, must not be used dry to avoid damage. Additionally, they risk harm if they pump against a blocked discharge. Substitute usage is anticipated to rise as a result of this. Boyser peristaltic pumps, for instance, are a great substitute.

The global market for advancing cavity pumps is predicted to expand slowly due to high deployment and maintenance costs. Progressive cavity pumps have always been regarded as high wear items that require more maintenance than the majority of other pump types. These pumps are more cost-effective and efficient because of their reduced operating and capital expenses, but their high deployment and maintenance costs are predicted to impede the growth of the worldwide advancing cavity pump market.

Market Segmentation

The Power Rating, End-User Vertical, and Geography segments are included in the worldwide advancing cavity pump market study.

Market segments include Up to 50 HP, Between 51 and 150 HP, and Above 150 HP based on Power Rating. Due to the increased demand for progressing cavity pumps from different end-use industries, the Up to 50 HP Segment is anticipated to dominate the worldwide progressing cavity pump market during the forecast period. Progressing cavity pumps can handle demanding pumping applications with up to 50 horsepower, which has led to a growth in demand from a variety of end-use sectors.

Due to the rise in demand for advancing cavity pumps, the segment between 51 and 150 HP is also anticipated to have rapid expansion in the near future. Pumps with 51-150 HP provide a variety of benefits, including excellent performance and a small footprint, which makes them suitable for use in a wide range of end-user sectors. They work better in the water and wastewater treatment, food and beverage, and oil and gas sectors.

The market is divided into Water and Wastewater, Oil and Gas, Chemicals and Petrochemicals, Food and Beverage, and Other End-User Verticals based on end-user vertical. Out of which, the market is anticipated to be dominated by the water and wastewater segment over the coming years due to rising demand from the water and wastewater management industry. These pumps are made to move very viscous and abrasive fluids in wastewater streams.

The oil and gas industry’s increased usage of progressive cavity pumps for oil recovery and other upstream operations is projected to contribute to the segment’s rapid expansion in the near future. Progressing cavity pumps are made to handle exceptionally challenging pumping applications and highly viscous fluids. Heavy oil or extra-heavy oil often requires unique manufacturing procedures to overcome their high viscosity.

Key Developments

SCT AutoAdjust, a progressive cavity pump that can be totally automatically adjusted, will go on sale in September 2020, according to SEEPEX GMBH. With only one click from the control room or locally on-site using the SEEPEX Pump Monitor app, the pump is automatically adjusted to the best operating point.

Hello PCM, a new digital application accessible via a QRcode pasted on the pumps, was unveiled by PCM Group in September 2020. It will provide access to numerous technical details that will aid in the installation and maintenance of PCM equipment.

Key Companies Insights

The market for progressive cavity pumps is very cutthroat. This is explained by the increase in demand for progressive cavity pumps from different end-use sectors; as a consequence, market participants are concentrating on introducing new products.

National-Oilwell Varco Inc., ChampionX, NETZSCH Group, Seepex Inc., Weatherford International PLC, Halliburton Company, Schlumberger Limited, PCM Group, and Xylem Inc. are a few of the major companies in the world market for progressive cavity pumps.

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Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Progressing Cavity Pump Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Progressing Cavity Pump Industry Impact

Chapter 2 Global Progressing Cavity Pump Competition by Types, Applications, and Top Regions and Countries
2.1 Global Progressing Cavity Pump (Volume and Value) by Type
2.3 Global Progressing Cavity Pump (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Progressing Cavity Pump Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Progressing Cavity Pump Market Analysis
Chapter 6 East Asia Progressing Cavity Pump Market Analysis
Chapter 7 Europe Progressing Cavity Pump Market Analysis
Chapter 8 South Asia Progressing Cavity Pump Market Analysis
Chapter 9 Southeast Asia Progressing Cavity Pump Market Analysis
Chapter 10 Middle East Progressing Cavity Pump Market Analysis
Chapter 11 Africa Progressing Cavity Pump Market Analysis
Chapter 12 Oceania Progressing Cavity Pump Market Analysis
Chapter 13 South America Progressing Cavity Pump Market Analysis
Chapter 14 Company Profiles and Key Figures in Progressing Cavity Pump Business
Chapter 15 Global Progressing Cavity Pump Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology

About US

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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