Progressing Cavity Pump Market Research Report: By Application (Oil and Gas, Chemical Processing, Water and Wastewater Treatment, Food and Beverage, Pharmaceutical), By Stage Configuration (Single-stage, Multi-Stage), By Flow Rate (Low Flow Rate (10 m3/h), Medium Flow Rate (10-100 m3/h), High Flow Rate (>100 m3/h)), By Discharge Pressure (Low Pressure (10 bar), Medium Pressure (10-100 bar), High Pressure (>100 bar)) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032

Global Progressing Cavity Pump Market Overview

As per MRFR analysis, the Progressing Cavity Pump Market Size was estimated at 1.75 (USD Billion) in 2022.The Progressing Cavity Pump Market Industry is expected to grow from 1.84(USD Billion) in 2023 to 2.86 (USD Billion) by 2032. The Progressing Cavity Pump Market CAGR (growth rate) is expected to be around 5.04% during the forecast period (2024 - 2032).

Key Progressing Cavity Pump Market Trends Highlighted

It is expected that in the next years the Progressing Cavity Pump Market will experience noteworthy expansion because of a growing demand for effective and dependable solutions for the movement of fluids in several industries. Each of these drivers causes an increase in the middle and lower classes of any urbanized population, industrial development and the efficient use of water resources for agriculture and industry. The increasing deployment of progressive cavity pump technology for waste management, petroleum, and food & beverage industries has been propelling the further altitude of market growth.

Over the past few years, there has been a wide scope of growth patterns in the progressive cavity pump market in terms of improvement of aesthetics and materials that include the use of very high-quality alloys and elastomers which improve the functioning of the machine. More so, the use of Industry 4.0 technologies, such as the integration of sensors and remote maintenance, has helped in the monitoring of machines in real-time and in carrying out maintenance activities, which improves performance and lessen breakdowns. The market for progressive cavity pumps for energy efficiency, as well as green pumping solutions, has risen in the recent past as there is pressure to save costs without further harming Mother Nature.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Progressing Cavity Pump Market Drivers

Increasing Demand for Energy-Efficient Solutions

The increasing focus on energy saving in the industries drives the Progressing Cavity Pump Market Industry. The benefits of progressing cavity pumps are high operational efficiency, low power usage and capability to pump thick liquids. With industries working towards reducing their carbon footprint and costs of operation, the uptake of progressing cavity pumps is likely to grow tremendously. The utilization of these pumps in the oil and gas industry, as well as in the wastewater treatment and food processing industries, is expected to propel the growth of the market in the following years.

Rising Adoption in Oil and Gas Applications

The oil and gas industry contributes significantly to the growth of the Progressing Cavity Pump Market Industry. The artificial lift applications of the progressing cavity pumps have the largest market for extracting oil and gas from oil and gas wells. There has been a growing trend in energy consumption along with the decline of conventional reserves of oil and gas. This has increased the exploitation of non-conventional resources such as heavy oil and shale gas. These pumps are accustomed to such highly viscous and abrasive liquids and that is the reason they are used by oil and gas producers.

Growing Infrastructure Development

The expanding infrastructure development across the globe is another factor driving the Progressing Cavity Pump Market Industry. Progressing cavity pumps are used in various infrastructure projects, such as water and wastewater treatment, construction, and mining. The increasing urbanization and industrialization in emerging economies are expected to boost the demand for these pumps for infrastructure development projects.

Progressing Cavity Pump Market Segment Insights:

Progressing Cavity Pump Market Application Insights

The Progressing Cavity Pump Market is segmented by application into oil and gas, chemical processing, water and wastewater treatment, food and beverage, and pharmaceutical. The oil and gas segment is expected to hold the largest share of the market in 2024 due to the increasing demand for oil and gas and the need for efficient and reliable pumping solutions. The chemical processing segment is also expected to witness significant growth, driven by the growing demand for chemicals and the need for efficient and safe pumping solutions. The water and wastewater treatment segment is expected to see steady growth due to the increasing demand for clean water and the need for efficient and reliable pumping solutions.The food and beverage segment is also expected to witness growth, driven by the increasing demand for food and beverages and the need for efficient and hygienic pumping solutions. The pharmaceutical segment is also expected to see growth, driven by the increasing demand for pharmaceuticals and the need for efficient and reliable pumping solutions.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Progressing Cavity Pump Market Stage Configuration Insights

Stage Configuration Segment Insight and Overview The Progressing Cavity Pump Market is segmented by stage configuration into single-stage and multi-stage. The single-stage segment is expected to account for a larger market share in 2023 due to its lower cost and simpler design. However, the multi-stage segment is expected to grow at a faster rate during the forecast period due to its higher efficiency and ability to handle higher pressures. In 2023, the single-stage segment is expected to account for approximately 60% of the Progressing Cavity Pump Market revenue.The multi-stage segment is expected to account for the remaining 40%. By 2032, the multi-stage segment is expected to account for approximately 50% of the market revenue, while the single-stage segment is expected to account for the remaining 50%. The growth of the multi-stage segment is being driven by the increasing demand for progressing cavity pumps in high-pressure applications, such as oil and gas production and water injection. Multi-stage pumps are also more efficient than single-stage pumps, which can lead to significant energy savings over time.Overall, the stage configuration segment is expected to continue to grow in the coming years, driven by the increasing demand for progressing cavity pumps in a variety of applications.

Progressing Cavity Pump Market Flow Rate Insights

The Progressing Cavity Pump Market segmentation by Flow Rate comprises Low Flow Rate (10 m3/h), Medium Flow Rate (10-100 m3/h), and High Flow Rate (>100 m3/h). In 2023, the Medium Flow Rate segment held the largest market share of 42.5%, owing to its extensive applications in various industries such as oil gas, water wastewater, and food beverage. The increasing demand for efficient and reliable pumping solutions in oil gas, water wastewater, and other industrial sectors drives the market growth.

Progressing Cavity Pump Market Discharge Pressure Insights

The Progressing Cavity Pump Market is segmented by Discharge Pressure into Low Pressure (10 bar), Medium Pressure (10-100 bar), and High Pressure (>100 bar). Among these segments, the Medium Pressure segment is expected to hold the largest market share in 2023, owing to its wide application in various industries such as oil and gas, chemical processing, and wastewater treatment. The Low-Pressure segment is projected to witness the highest growth rate during the forecast period due to the increasing demand for low-pressure pumps in water treatment and agricultural applications.The High-Pressure segment is expected to account for a significant share of the market, driven by its use in high-pressure applications such as oil and gas production and mining.

Progressing Cavity Pump Market Regional Insights

The regional segmentation of the Progressing Cavity Pump Market offers valuable insights into the market's geographical distribution and growth patterns. North America is projected to dominate the market in 2024, with a revenue share of around 35%. The region's well-established oil and gas industry, coupled with increasing investments in infrastructure development, is driving market growth. Europe follows closely behind, accounting for nearly 30% of the global market share. The region's stringent environmental regulations and growing focus on energy efficiency are contributing to the demand for progressing cavity pumps.APAC is expected to witness significant growth over the forecast period, with a CAGR of over 6%. The region's rapidly expanding industrial sector and increasing urbanization are fueling market expansion. South America and MEA represent emerging markets with growing potential. The increasing adoption of progressing cavity pumps in various industries, such as oil and gas, mining, and wastewater treatment, is driving market growth in these regions.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Progressing Cavity Pump Market Key Players And Competitive Insights:

Major players in the Progressing Cavity Pump Market industry are focusing on expanding their global presence through strategic partnerships, joint ventures, and acquisitions. One of the leading Progressing Cavity Pump Market players, Verder International, is implementing strategies to strengthen its position in various regions around the world. The company's recent acquisition of the Lutz Pumpen brand has allowed it to expand its product portfolio and enhance its presence in the global market. Verder International is known for its expertise in fluid handling solutions and aims to leverage its resources to drive the Progressing Cavity Pump Market growth and expansion.Leading Progressing Cavity Pump Market players are investing in research and development activities to introduce innovative products and technologies. For instance, NOV, a leading supplier of equipment and services to oil and gas companies, is committed to developing advanced Progressing Cavity Pump solutions. The company's recent introduction of the PCP-R2000 series highlights its emphasis on innovation and its aim to meet evolving customer demands. NOV's focus on RD has enabled it to maintain a strong position in the global market and cater to the specific needs of customers in various industries.Competitor companies in the Progressing Cavity Pump Market are also emphasizing customer service and support as key strategies to gain a competitive edge. Netzsch, a well-known manufacturer of pumps and systems, is prioritizing customer satisfaction through its comprehensive service offerings. The company provides tailored maintenance programs, technical support, and training to help customers optimize the performance of their Progressing Cavity Pumps. Netzsch's dedication to customer support has played a significant role in its growth and customer loyalty.

Key Companies in the Progressing Cavity Pump Market Include:

• Aker BP ASA


• Schlumberger


• TechnipFMC


• NOV


• Halliburton Energy Services


• Tenaris


• Weatherford International


• Seepex


• Flowserve Corporation


• GE Energy


• Also Energy


• Baker Hughes


• FMC Technologies


• Petrofac


• Saipem

Progressing Cavity Pump Market Industry Developments

The Progressing Cavity Pump Market is anticipated to exhibit steady growth in the coming years, owing to increasing demand from various end-use sectors, such as oil and gas, mining, and water treatment. The market is expected to be driven by the rising need for efficient and reliable pumping solutions for handling viscous and abrasive fluids. Technological advancements, such as the development of pumps with improved materials and designs, are also anticipated to contribute to market expansion.Recent market developments include the launch of new products by key players. For instance, in 2023, PCM, a leading manufacturer of progressing cavity pumps, introduced the Moineau™ MVA pump, which is designed for high-pressure and high-flow applications in the oil and gas industry. Partnerships and acquisitions are also shaping the market landscape. In 2022, IDEX Corporation acquired Seametrics, a provider of progressing cavity pumps for the marine industry, expanding its product portfolio in this segment.

Progressing Cavity Pump Market Segmentation Insights

• Progressing Cavity Pump Market Application Outlook
  
  
  
  • Oil and Gas
  
  
  • Chemical Processing
  
  
  • Water and Wastewater Treatment
  
  
  • Food and Beverage
  
  
  • Pharmaceutical
  
  
  
  

• Progressing Cavity Pump Market Stage Configuration Outlook
  
  
  
  • Single-stage
  
  
  • Multi-stage
  
  
  
  

• Progressing Cavity Pump Market Flow Rate Outlook
  
  
  
  • Low Flow Rate (10 m3/h)
  
  
  • Medium Flow Rate (10-100 m3/h)
  
  
  • High Flow Rate (>100 m3/h)
  
  
  
  

• Progressing Cavity Pump Market Discharge Pressure Outlook
  
  
  
  • Low Pressure (10 bar)
  
  
  • Medium Pressure (10-100 bar)
  
  
  • High Pressure (>100 bar)
  
  
  
  

• Progressing Cavity Pump Market Regional Outlook
  
  
  
  • North America
  
  
  • Europe
  
  
  • South America
  
  
  • Asia Pacific
  
  
  • Middle East and Africa