Progressing Cavity Pump Market:
Progressive cavity pump is the kind of an effective dislocation pump made for exceptionally problematic pumping applications and treatment of vastly viscous liquids. These pumps are unique for pumping liquids that have vast viscosities. The pump is made to move almost every kind of liquid with no parting disturbance at an equal discharge flow. Systematic cavity pumps are usually fit for treating viscous fluids at huge flow rates or in which a high discharge pressure is needed with a smooth flow. It is a multipurpose pump that can be used in a variety of end-use applications. Furthermore, they are possible in treating hard pumping applications, and hence, there is a rise in need from several end-use industries.
Market Statistics:
The global progressing cavity pump market is expected to be valued at US$ 1,399.3 Mn by the end of 2022.
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Drivers:
Rise in use of continuing cavity pumps over several end-use industries, like oil and gas, water and wastewater, chemicals and petrochemicals, F&B, and other end-user verticals, is anticipated to fuel the growth of the global progressing cavity pump market during the predicted duration. For example, In September 2020, PCM Group introduced a new digital application, called Hello PCM, available through a QRcode stuck on the pumps, enabling access to several technical data and fitting and regulating PCM devices. The new web application is accessible for all pumps in the industrial and food markets.
Opportunities:
Rising need from water and wastewater management substructure industry globally is anticipated to provide notable opportunities for companies in the global progressing cavity pump market. Systemic cavity pumps are made to deliver abrasive and severely viscous fluids in wastewater streams, and these pumps are one of the routine choices for the wastewater treatment organizations. In March 2022, EEPEX signed an agreement to deliver CarboNet, with pumps for its water treatment solution, NanoNet Fe. It is a method for onsite, industrial-generated water treatment that decreases the amount of chemicals and time needed to cure water safely.
Restraints:
High disposition and preservation cost and accessibility of substitute goods are few main factors anticipated to impede growth of the global progressing cavity pump market. For example, progressive cavity pumps have less operating and capital investment, which makes them effective and more budget-friendly, however the price of disposition and maintenance is huge, which further is anticipated to hamper growth of the market. Furthermore, by design, progressive cavity pumps have always been significantly a high wearing product with high maintenance price in comparison to most other pump projects, hindering the market growth.
Impact of Coronavirus
The COVID-19 outbreak has had a serious impact on the growth of the progressing cavity pump market as the need for progressing cavity pumps was decreased notably. Through the pandemic, the market has observed a slump in need from several enterprises involved in the end-user industries, like chemicals & petrochemicals, water & wastewater, oil & gas, F&B, and other end-user verticals. Furthermore, the pandemic caused enhanced procurement price of raw materials due to the lack of supplies, which eventually led to interruptions in order closures, hindering the market growth.
Key Takeaways:
The global progressing cavity pump market was estimated at US$ 1,360.7 Mn in 2021 and is predicted to reach a cost of US$ 1,695.7 Mn by 2028 at a CAGR of 3.3% amongst 2022 and 2028.
Among power rating, More than 150 HP segment held dominant position in the global progressing cavity pump market in 2022, responsible for 42.1% share in terms of value, rising approval and product launches is anticipated to fuel growth of the segment over the predicted duration.
Market Trends:
The constant necessity to renovate several industrial procedure is playing a crucial role in propelling progressing cavity pumps market trends in the future. Resulting, the need or the usage of progressing cavity pumps in several end-use industries globally is also rising, and the trend is anticipated to continue through the predicted duration. Moreover, reasons such as stringent government schemes to regulate emissions and increasing environmental pollution are also anticipated to drive growth of the market.
Competitive Landscape:
Key players involved in the global progressing cavity pump market are Weatherford International PLC, ChampionX, NETZSCH Group, Halliburton Company, PCM Group, Seepex Inc., Xylem Inc., Schlumberger Ltd., and National-Oilwell Varco Inc., among others.
Recent Developments:
In February 2017, TAPFLO declared the introduction of the complete range of progressive cavity pumps in South Africa. The pumps can be used in various sectors, from waste water treatment plants in civil and industrial, to oenological and the food segment. They satiate the most different needs and application requirements.
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✅️ It attempts an analysis of the competing scenario.
✅️ The current and exceptional product revenue market.
✅️ An in-depth data on the regional investigation and competitive landscape structure.
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✅️ Progressing Cavity Pump market size estimation and recent advancements in the industry are explained.
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
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