Progressing Cavity Pump Market Size, Share and Industry Report, 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Progressing Cavity Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global progressing cavity pump market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the Progressing Cavity Pump  Market?

The global progressing cavity pump market size reached US$ 5.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.14% during 2023-2028.

What are Progressing Cavity Pump?

A progressing cavity pump (PCP) is efficient, versatile, easy to install, and offers low flow pulsation, accurate metering of viscous liquids, and resistance against wear from abrasive fluids. It is a self-driven, single-lobe, positive displacement pump that displaces fluid through a sequence of small, discrete cavities formed by turning a helical rotor within a stator. It is designed to handle various materials, including liquids with high solid content, abrasive fluids, and fluids with varying viscosities. It assists in reducing the overall operating costs by minimizing the energy requirements.

What are the growth prospects and trends in the progressing cavity pump industry?

The increasing use of PCPs in sewage treatment plants for pumping slurries and sludges represents one of the major factors strengthening the market growth around the world.

Moreover, the rising usage of PCPs for transferring raw materials with varying viscosity, abrasiveness, and materials with high solid content is favoring the growth of the market. In addition, the growing adoption of PCPs in the oil and gas industry for artificial lifting on account of their ability to maintain a constant discharge of fluids is influencing the market positively.

Apart from this, due to the rising environmental concerns, governing agencies of different countries are focusing on improving the management of wastewater to control emissions and pollutants.

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What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Pumping Capacity:

  • Up to 500 GPM
  • 501–1,000 GPM
  • Above 1,000 GPM

Breakup by Power Rating:

  • Up to 50 HP
  • 51–150 HP
  • Above 1,50 HP

Breakup by End User:

  • Water and Wastewater Management
  • Oil and Gas
  • Food and Beverages
  • Chemicals and Petrochemicals
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

ChampionX, Circor International Inc., Continental Pump Company Inc., Erich NETZSCH GmbH & Co. Holding KG, Liberty Process Equipment Inc., Nov Inc., Nova Rotors Srl, PCM Inc. (Insight Enterprises Inc.), Pumpenfabrik Wangen GmbH, Schlumberger Limited, Vogelsang GmbH & Co. KG, Weatherford International LLC and Xylem Inc.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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