Progressive Cavity Pump Market Size was valued at USD 3.3 Billion in 2023. The Progressive Cavity Pump market industry is projected to grow from USD 3.46 Billion in 2024 to USD 4.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.43% during the forecast period (2024 - 2032).
Increasing demand in various industries, energy efficiency and cost savings, technological advancements, growing focus on environmental sustainability, expanding oil and gas industry, growing industrialization in emerging economies, expansion of water and wastewater treatment facilities, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The market for progressive cavity pumps is expanding mostly due to cost reductions and energy efficiency. These pumps provide a number of benefits that make them a desirable option for businesses looking to streamline operations and cut costs.
The great efficiency with which progressive cavity pumps transform electrical energy into fluid flow makes them well known. They are made to deliver a steady flow rate while minimizing pulsations and variations. This feature not only guarantees the pump's dependable performance but also lowers energy usage. Progressive cavity pumps have a higher overall efficiency compared to other pump types, such centrifugal pumps, which results in cheaper energy costs for end users.
When dealing with sediments, abrasive materials, and viscous fluids, progressive cavity pumps are incredibly effective. Their special construction, which incorporates a helical rotor inside of a stator, enables them to efficiently transfer such difficult fluids.
Progressive cavity pumps effectively handle these materials, minimizing energy losses from shear and agitation, leading to additional energy savings. The energy efficiency of progressive cavity pumps is advantageous to sectors dealing with viscous or abrasive materials, such as the food and beverage, chemical processing, and mining sectors.
Progressive cavity pumps' ability to save energy enables businesses to cut costs. Reducing power consumption is a top concern for businesses as energy costs continue to climb. Progressive cavity pumps that are energy-efficient can help businesses drastically reduce their operating costs. Reduced energy usage results in long-term cost reductions that can significantly affect the profitability and competitiveness of industrial processes.
The capacity of progressive cavity pumps to maintain a consistent flow rate despite pressure variations is another factor driving the market's expansion. This feature does away with the requirement for extra hardware, like flow control valves, to control the flow. Progressive cavity pumps lower capital and maintenance expenses by streamlining the system and lowering the number of parts. Industries can save money by investing in less equipment and requiring less maintenance, which increases the market appeal of progressive cavity pumps overall.
Progressive cavity pumps' longevity and dependability result in cost savings for end customers. These pumps can survive difficult operating circumstances, such as high temperatures and corrosive environments, as they are made to handle demanding applications.
Because of their durable design and little internal wear, they have a long service life and require fewer repairs or replacements overall. Progressive cavity pumps' longer lifespan translates into less downtime, cheaper maintenance costs, and more production for industries, thus boosting their capacity for cost-saving. Thus, driving the Progressive Cavity Pump market revenue.
The Progressive Cavity Pump market segmentation, based on Power Rating, includes Up to 50 HP, 51 HP–150 HP, and Above 150 HP. The up to 50 HP segment dominated the market in 2022. Progressive cavity pumps of up to 50 HP are versatile in that they can handle a range of materials and fluids.
They are capable of handling difficult applications, accommodating solids and abrasive materials, and effectively handling viscous fluids of various viscosities. Because of its adaptability, pumps are utilized in many different industries, which contributes to their market domination.
Figure 1: Progressive Cavity Pump Market, by Power Rating, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Progressive Cavity Pump market segmentation, based on End-User, includes Oil & Gas, Water & Wastewater Management, Food & Beverage, Chemical & Petrochemical, and Others. The water & wastewater management category generated the most income in 2022.
In order to safeguard the environment and the general public's health, governments and regulatory agencies around the world are enforcing stronger limits on wastewater disposal. Industries must adopt efficient wastewater treatment procedures and adhere to strict criteria for effluent quality in order to comply with these requirements.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific Progressive Cavity Pump Market dominated this market in 2022 (45.80%). because of economic activity like industrialization, modern agriculture, and urbanization that increased with the economy's rapid rise and intensified the need for clean, reusable water. Moreover, China’s Progressive Cavity Pump market held the largest market share, and the Indian Progressive Cavity Pump market was the fastest growing market in the Asia-Pacific region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Progressive Cavity Pump Market Share By Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The North America Progressive Cavity Pump Market accounts for the second-largest market share. The industrial sector in North America is well-established and includes a variety of sectors, including mining, chemicals, food and beverage production, wastewater treatment, oil and gas, and wastewater treatment.
Progressive cavity pumps are frequently utilized in these applications because these industries require efficient and dependable pumping solutions. The market share of North America is driven by demand from these sectors. Further, the U.S. Progressive Cavity Pump market held the largest market share, and the Canada Progressive Cavity Pump market was the fastest growing market in the North America region.
Europe Progressive Cavity Pump market is expected to grow at the fastest CAGR from 2023 to 2032. Progressive cavity pumps are extensively employed in a variety of renewable energy industries, including solar energy, biomass energy, and biogas generation.
The need for progressive cavity pumps in these industries is anticipated to soar as Europe continues to invest in renewable energy projects and makes the switch to cleaner energy sources, fueling market growth. Further, the German Progressive Cavity Pump market held the largest market share, and the UK Progressive Cavity Pump market was the fastest growing market in the European region
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Progressive Cavity Pump market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Progressive Cavity Pump industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Progressive Cavity Pump industry to benefit clients and increase the market sector. In recent years, the Progressive Cavity Pump industry has offered some of the most significant advantages to medicine.
Major players in the Progressive Cavity Pump market, including Halliburton (US), National Oilwell Varco (US), Schlumberger (US), Dover (US), Weatherford (US), Xylem (US), Circor International Inc. (US), Netzsch (Germany), PCM (US), Seepex (US), Synopumps (India), Moyno (US), Sydex (Italy), ITT (US) and others, are attempting to increase market demand by investing in research and development operations.
Halliburton Co., a provider of oilfield services, is referred to as Halliburton. From hydrocarbon discovery to geological data management, drilling, formation evaluation, well development and completion, and production optimization, the company aids the upstream oil and gas sector throughout the reservoir's lifetime. Halliburton offers cementing, stimulation, intervention, artificial lift, well-bore placement solutions, and completion services to the upstream oil and gas industry.
The company has production facilities in the US, the UK, Singapore, and Malaysia. Globally, the company has operations in North America, Europe, Africa, Latin America, Asia, and the Middle East. The company's headquarters are in Houston, Texas, in the United States.
Dover Corp. (Dover) provides industrial goods. The company manufactures hardware, spare parts, consumables, specialty equipment, computer software, and support services. The company's product line includes freezer doors, commercial glass refrigerators, pumps, soldering and dispensing equipment, fluid handling systems, pumps, precision marking and coding, and digital textile printing.
In the retail fueling, consumer goods, oil and gas, biopharma, commercial refrigeration, food equipment, chemical, sanitary, and industrial end markets, Dover serves clients in North America, Europe, Asia Pacific, and other regions. All across the world, it has facilities for manufacturing, warehousing, sales, and services. Dover's home office is located in Downers Grove, Illinois, in the US.
April 2022:The Low Flow Metering Range Pump from NOV is now more widely available. The pumps have a high resistance to abrasive substances and are necessary for intermittent or continuous dosing. Acids and alkalis, wastewater chemical injection, chemical processing for various sectors, and the pharmaceutical industry are just a few of the items and applications the pump can be utilized for.
January 2022:The new manufacturing in Brazil has been under construction by NETZSCH. The new facility will be situated in Santa Catarina's Ribeiro Souto neighborhood close to the existing ones in Pomerode's downtown. The whole production of multi-screw pumps will be transferred to the new facility in South America. Additionally, the expansion of the company's production of the other product lines will be made possible by the plant's functioning.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 3.3 Billion |
| Market Size 2024 | USD 3.46 Billion |
| Market Size 2032 | USD 4.9 Billion |
| Compound Annual Growth Rate (CAGR) | 4.43% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Power Rating, End-User, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Halliburton (US), National Oilwell Varco (US), Schlumberger (US), Dover (US), Weatherford (US), Xylem (US), Circor International Inc. (US), Netzsch (Germany), PCM (US), Seepex (US), Synopumps (India), Moyno (US), Sydex (Italy), ITT (US) |
| Key Market Opportunities | Increasing investment in the wastewater industry in developing countries. |
| Key Market Dynamics | Increase in demand from water & wastewater management. |
Progressive Cavity Pump Market Highlights:
Frequently Asked Questions (FAQ) :
The Progressive Cavity Pump market size was valued at USD 3.3 Billion in 2023.
The market is projected to grow at a CAGR of 4.43% during the forecast period, 2024-2032.
Asia-Pacific had the largest share in the market
The key players in the market are Halliburton (US), National Oilwell Varco (US), Schlumberger (US), Dover (US), Weatherford (US), Xylem (US), Circor International Inc. (US), Netzsch (Germany), PCM (US), Seepex (US), Synopumps (India), Moyno (US), Sydex (Italy), ITT (US).
The Up to 50 HP category dominated the market in 2022.
The Water & Wastewater Management had the largest share in the market.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
