Progressive Cavity Pumps Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Progressive Cavity Pumps Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Progressive Cavity Pumps Market

The progressive cavity pumps market size was valued at USD 4.45 billion in 2020, and the market is now projected to grow from USD 4.77 billion in 2021 to USD 7.09 billion by 2028, exhibiting a CAGR of 5.8% during the forecast period of 2021-2028.

Pandemic has caused travel restrictions and business work suspensions, drastically impacting the global marketplace because of delays in operations and disruptions in the financial system, mainly inside the supply chain. Manufacturers have decreased body of workers potential due to journey restrictions and social distancing norms, ensuing in logistical delays and reduced order intake and income. However, producers have taken precautions to preserve operations drift, along with working more than one shifts and permitting faraway work. They have additionally maintained necessary measurements, protection protocols, and government pointers for essential strategies. The pandemic is anticipated to have an effect on oil and fuel need for due to lockdowns and tour regulations.

PCPs are widely used in industries like oil and gasoline for low net high quality suction heads (NPSH), that are critical for conveying liquids near vapor pressure. These pumps deal with low NPSH without extra construction or layout, making them appropriate for coping with material with stable contaminants and high viscosity. They also provide decrease loose inefficiency. Progressive hollow space pump technology is tolerant to cavitation, stopping pump failure in case of cavity prevalence and permitting the pump to start usually as soon as the fault is eliminated. This reputation of PCPs is anticipated to grow in end-users and act as a market dynamic.

Digitalization is revolutionizing merchandise, offerings, and strategies, creating opportunities for the worldwide market. It integrates with intelligent structures, enhancing productivity. Manufacturers like Seepex are enforcing virtual transformation in pump generation, offering modular solutions like community, control, and tracking to optimize procedures, increase availability, and reduce protection costs. They also offer connected services for pump technology, reading records to hit upon early damage, growing device availability and productiveness. This digital transformation is driving the global progressive cavity pumps market growth.

Comprehensive Analysis of Progressive Cavity Pumps Market

Progressive cavity pumps are a key component in various industries, including oil & gas, water & wastewater, food & beverages, chemicals & petrochemicals, and pulp & paper. The market is segmented into 0 to 500 GPM, 500 to 1000 GPM, and above 1000 GPM. The 0 to 500 GPM segment is expected to lead the market in 2020, with 500 GPM to 1000 GPM pumps being preferred for commercial or industrial sewage. Above 1000 GPM is another major pumping capacity, contributing around 26.1% of the market share. The market is further divided into up to 50 HP, 50 to 100 HP, and above 100 HP. In the oil & gas industry, pumps are used for oil and water separation and oil transfer, while in the chemicals and petrochemicals industry, they handle fluids with complex rheology. In the food processing & beverage industry, pumps are used for conveying production in food and beverages, requiring gentle handling and contamination avoidance.

The Asia Pacific region lead the progressive cavity pumps market share by benefitting a market size of USD 1.70 billion in 2020 due to rapid increase in industrialization, present day agriculture, and urbanization, escalating the demand for clean water. China, India, South Korea, Indonesia, and Taiwan additionally keep full-size stocks within the international chemical enterprise, with China being the largest contributor and expected to grow at 6.3% in the coming years, in line with a BASF record.

The international marketplace for pumps is fragmented with numerous key players. Allweiler, for instance, launched the following-generation AEB-DE progressive hollow space pump series in February 2020, supplying high viscosity and particulate-stuffed fluids accuracy in one compact and flexible collection. Other key organizations profiled consist of Seepex GmbH, Schlumberger, NOV, Xylem Inc., CIRCOR, Weatherford, Borets, Roto Pumps, Suzer, Champion X, and PCM Group.

In August 2020, PCM Group obtained Europump, a innovative cavity pump enterprise line from Halliburton Energy Services Inc., which provides PCP, floor equipment, and services to the oil and gasoline industry, which includes its equipment, inventory, technology, and majority of personnel.

Segmentation Table

ATTRIBUTE

DETAILS

Study Period

2017-2028

Base Year

2020

Estimated Year

2021

Forecast Period

2021-2028

Historical Period

2017-2019

Unit

Value (USD Billion)

Segmentation

By Pumping Capacity (GPM), By Power Rating (HP), By End-user, and By Region

Segmentation

By Pumping Capacity (GPM)
0 to 500
500 to 1000

Above 1000

By Power Rating (HP)

Up to 50

51 to 100

Above 100

By End-user

Oil & Gas

Water & Wastewater

Food & Beverages

Chemicals & Petrochemicals

Pulp & Paper

Others

By Region

North America (By Pumping Capacity (GPM), By Power Rating (HP), By End-user, and by Country)

• U.S. (End-user)
• Canada (By End-user)

Europe (By Pumping Capacity (GPM), By Power Rating (HP), By End-user, and by Country)

• Germany (End-user)
• U.K. (By End-user)
• France (By End-user)
• Italy (By End-user)
• Spain (By End-user)
• Russia (By End-user)
• Rest of Europe (By End-user)

Asia Pacific (By Pumping Capacity (GPM), By Power Rating (HP), By End-user, and by Country)

• China (By End-user)
• Japan (By End-user)
• India (By End-user)
• South Korea (By End-user)
• Southeast Asia (By End-user)
• Rest of Asia Pacific (By End-user)

Latin America (By Pumping Capacity (GPM), By Power Rating (HP), By End-user, and by Country)

• Brazil (By End-user)
• Mexico (By End-user)
• Rest of Latin America (By End-user)

Middle East & Africa (By Pumping Capacity (GPM), By Power Rating (HP), By End-user, and by Country)

• GCC (By End-user)
• South Africa (By End-user)
• Rest of Middle East & Africa (By End-user)

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