Global Progressing Cavity Pump Market Size study & Forecast, by Power Capacity (Up to 500 GPM, 501 GPM - 1000 GPM, Above 1000 GPM) by Application (Oil & Gas, Water & Wastewater Management, Food & Beverages, Chemicals & Petrochemicals, Others), by Power ra

Global Progressing Cavity Pump Market Size study & Forecast, by Power Capacity (Up to 500 GPM, 501 GPM - 1000 GPM, Above 1000 GPM) by Application (Oil & Gas, Water & Wastewater Management, Food & Beverages, Chemicals & Petrochemicals, Others), by Power rating (Below 50 HP, 51 HP - 150 HP, above 150 HP) and Regional Analysis, 2023-2030

Global Progressing Cavity Pump Market is valued approximately at USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. A Progressing Cavity Pump is a type of positive displacement pump that moves fluid through a sequence of small, fixed-shape cavities as a helical rotor turns inside a stator. This design results in a smooth and pulsation-free flow, making PCPs suitable for various applications such as water & wastewater management, oil & gas, and more. The key factors driving the market growth are growing need for water & wastewater treatment, rising demand to enhance operational process, growing oil and gas industry, and expansion of mining industry which is anticipated to support the market growth during projected period.

Additionally, the growing oil and gas industry can have a significant impact on the Progressing Cavity Pump (PCP) market. PCPs are commonly used in the extraction and production of oil and gas. They are effective in handling viscous fluids, making them suitable for extracting heavy crude oil from reservoirs. As the oil and gas industry expands and explores new reserves, the demand for PCPs increases. According to the International Energy Agency, total oil demand across the globe was 91 million barrels per day in 2020, climbed to 99.4 million barrels per day in 2022, and is expected to reach 104.1 million barrels per day by 2026. Such an increase in oil and gas production and consumption is driving the oil and gas industry growth which is anticipated to support the market growth during the forecast period. Moreover, the growing investments in food & beverage industry is anticipated to create the lucrative opportunity for the market growth during the forecast years. However, the maintenance costs associated with progressing cavity pumps stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Progressing Cavity Pump Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the surge in the demand for oil & gas and food & beverage, rising focus on oil & gas and water treatment plants, and growing investments in oil, gas and water & wastewater treatment industry. Whereas, the Asia Pacific region is expected to grow with the highest CAGR during the forecast period, owing to factors such as the supportive initiative to increase investments in manufacturing sector, rising demand for LNG, increasing investment in food & beverage sector and rising investments in oil & gas and water & wastewater treatment industry.

Major market player included in this report are:
NOV Inc.
NETZSCH-Grinding & Dispersing Machinery GmbH
SEEPEX GmbH
PCM Group
CIRCOR International, Inc.
Schlumberger Limited
ChampionX Corporation
Xylem Inc.
Sulzer AG
Borets International LLC

Recent Developments in the Market:
 n April 2022, NOV is expanding the availability of its Low Flow Metering Range Pump. The pumps are required for either intermittent or continuous dosing and have a high tolerance to aggressive chemicals. The pump can be used for a wide range of applications and products, including acids and alkalis, wastewater chemical injection, chemical processing for various industries, and the pharmaceutical industry.

Global Progressing Cavity Pump Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered – Power Capacity, Application, Power rating, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Power Capacity:
Up to 500 GPM
501 GPM - 1000 GPM
Above 1000 GPM
By Application:
Oil & Gas
Water & Wastewater Management
Food & Beverages
Chemicals & Petrochemicals
Others
By Power rating:
Below 50 HP
51 HP - 150 HP
Above 150 HP
By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
NOV Inc.
NETZSCH-Grinding & Dispersing Machinery GmbH
SEEPEX GmbH
PCM Group
CIRCOR International, Inc.
Schlumberger Limited
ChampionX Corporation
Xylem Inc.
Sulzer AG
Borets International LLC

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