Dec 21, 2022   SOURCE: BusinessWire

$2.8 Bn Progressing Cavity Pump Markets: Up to 500 GPM, 501-1000 GPM, Above 1000 GPM - Global Forecast to 2027 - ResearchAndMarkets.com

The "Global Progressing Cavity Pump Market by Pumping Capacity (Up to 500 GPM, 501-1000 GPM, Above 1000 GPM), Power Rating (Up to 50 HP, 51-150 HP, Above 150 HP), End-user (Oil & Gas, Water & Wastewater, Others), Product Type, Stage Type, and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global progressing cavity pump market is anticipated to grow from an estimated USD 2.2 billion in 2022 to USD 2.8 billion in 2027, at a CAGR of 5.3%

The market has a promising growth potential due to increased demand for progressive cavity pumps in water & wastewater treatment, chemicals, and infrastructure industries. The rising investments in wastewater treatment plants in developing countries in moving towards sustainability goals is creating new opportunities for the providers of progressing cavity pumps during the forecast period.

501-1,000 GPM: The second fastest-growing segment of the progressing cavity pump market, by pumping capacity

501-1,000 GPM pumps widely used in wastewater treatment plants which are able to convey low to high viscous fluids. The rise in the investments in the wastewater treatment plants in developing regions such as Asia pacific and South America which are increasing measures towards sustainability is fuelling the demand for progressive cavity pumps with pumping capacity between 501-1,000 GPM during the forecast period.

The Oil & gas segment is anticipated to be the second largest progressing cavity pump market by end-user industry, during the forecast period

The oil & gas segment is expected to have the second largest market share during the forecast period. Progressing cavity pumps in oil & gas explorations benefit a lot in the pumping the underneath fluids especially in the enhanced oil recovery process. The growing investments in the oil & gas explorations across countries is driving the demand for progressive cavity pumps in the Oil & gas segment.

North America is expected to account for the second-largest market size during the forecast period

North America is expected to be the second largest and fastest-growing market due to the growing investments in various end user industries such as oil & gas, water & wastewater treatment plants, food & beverages. New policies on treating wastewater and enhancing water infrastructure in US is propelling the demand for progressing cavity pumps in US.

Competitive landscape

The market is dominated by a few major players that have a wide regional presence. The leading players in the progressing cavity pump market are NOV (US), NETZSCH (Germany), SEEPEX (Germany), CIRCOR International (US), Schlumberger (US), PCM (France).

Premium Insights

  • Growing Investment in Oil & Gas Exploration and Increasing Demand for Water & Wastewater Treatment to Drive Market
  • Asia-Pacific to be Fastest-Growing Progressing Cavity Pump Market During Forecast Period
  • Water & Wastewater Treatment Industry and China Led Asia-Pacific Progressing Cavity Pump Market
  • Up to 50 HP Power Rating to Account for Maximum Share of Progressing Cavity Pump Market in 2027
  • Up to 500 GPM Pumping Capacity to Account for Largest Share of Market in 2027
  • Water & Wastewater Treatment Industry to Account for Largest Share in 2027

Market Dynamics

Drivers

  • Demand for Usage of Progressing Cavity Pumps in Oil Recovery and Other Upstream Processes
  • Increasing Need for Water & Wastewater Treatment in Developed Countries

Restraints

  • Maintenance Costs Associated with Conventional Progressing Cavity Pumps
  • Global Climate Change Actions to Affect Demand for Progressing Cavity Pumps in Oil & Gas Industry

Opportunities

  • Focus of Countries on Improving Water & Wastewater Management Practices Associated with Increased Investments for Developing Wastewater Treatment Plants
  • Rise in Investments in Food & Beverage Industry

Challenges

  • Availability of Low-Quality and Cost-Effective Products from Local Market Players
  • Availability of Substitutes for Progressing Cavity Pumps, Specifically for Use in Oil & Gas Industry

Value Chain Analysis

  • Raw Material Providers/Suppliers
  • Component Manufacturers
  • Assemblers/Manufacturers
  • Distributors (Buyers)/End-users

Trends/Disruptions Impact Customers Business

  • Revenue Shift and New Revenue Pockets for Progressing Cavity Pump Manufacturers
  • Revenue Shift for Progressing Cavity Pumps

Technological Analysis

  • Single Screw Pumps
  • Smart Conveying Technology Progressing Cavity Pump

Case Study Analysis

  • Nov Moyno Pumps Unscathed After Draining Untreated Wastewater in Hyperion Water Reclamation Plant in Los Angeles, 2021
  • ChampionX Helped an Operator in Colombia to Introduce New Technology for Enhanced Oil Recovery, 2019
  • Netzsch Provided Its Progressing Cavity Pumps to a German Energy Supplier in Gas Extraction, 2018

Company Profiles

Key Players

  • Netzsch
  • Seepex
  • PCM
  • NOV
  • Circor International
  • ChampionX
  • Xylem
  • Sulzer
  • Schlumberger
  • Borets International
  • Wilo
  • Verder Liquids
  • Varisco
  • Delta PD Pumps
  • Nova Rotors
  • Roto Pumps

Other Players

  • Inoxpa
  • Shanghai GL Environmental Technology
  • Zhejiang Yonjou Technology
  • Hangzhou Xinglong Pump Industry
  • Shanghai Pacific Pump Manufacture (Group)
  • PSP Pumps
  • Syno Pumps

For more information about this report visit https://www.researchandmarkets.com/r/b9mjgn