Progressive Cavity Pump Market Research Report - Global Forecast till 2030

Progressive Cavity Pump Market Information By Power Rating (Up to 50 HP, 51 HP–150 HP, and Above 150 HP), By End-User (Oil & Gas, Water & Wastewater Management, Food & Beverage, Chemical & Petrochemical, and Others) and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2030

ID: MRFR/E&P/7135-HCR | 111 Pages | Published By Anshula Mandaokar on March 2023         

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Progressive Cavity Pump Market

Progressive Cavity Pump Market share is projected to reach USD 4.37 Billion by 2025, with 4.96% CAGR during the forecast period.

By Power Rating Up to 50 HP 51 HP–150 HP Above 150 HP
By End-User Oil & Gas Water & Wastewater Management Food & Beverage Chemical & Petrochemical Others
Key Players
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)
Market Driving Forces   Increasing investment in the wastewater industry in developing countries    Increase in demand from water & wastewater management    Growing infrastructure industry in Asia-Pacific
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Global Progressive Cavity Pump Market Research (MRFR Insights)

The progressive cavity pump market size is projected to reach approximately USD 4.37 Billion by 2030, at a CAGR of 4.96% from 2022 to 2030.

The expansion of water and wastewater treatment facilities, particularly in emerging nations, might be linked to the progressive cavity pump market's expansion. Progressive cavity pumps are increasingly in demand, which is also being fueled by rising investments in oil and gas development. PCP, commonly referred to as an eccentric screw pump or a screw pump, is a rotating positive displacement pump. As the rotor rotates, the progressive cavity pumps fluid through a series of tiny, fixed-shaped, distinct holes, transferring liquids with progressively higher viscosities in incremental increments. As a result, the volumetric flow rate is proportionate to the rotation rate, and the pump is subjected to modest levels of shearing. Due to their set flow rate, PCPs can convey thick, lumpy, or viscous fluids for an extended period with consistency.

COVID-19 Impact Analysis

The COVID-19 pandemic has compelled many companies in the pharmacy automation sector. The COVID-19 pandemic negatively impacted the market's growth since there was a considerable decline in demand for these pumps. To stop the Coronavirus from spreading further, governments all around the world were forced to curtail corporate operations. As partial or complete lockdowns were implemented to limit the epidemic, businesses across many geographies were forced to shut down their production plants and services. The lack of supplies increased the cost of purchasing raw materials, which ultimately caused delays in order closures. Therefore, the pandemic has had a short-term detrimental influence on the market for advanced cavity pumps.

Progressive Cavity Pump Market Dynamics

Progressing cavity pumps improve overall system efficiency and hence have the capacity to create high sand concentration, which is projected to boost the worldwide progressing cavity pumps market throughout the forecast period. Furthermore, qualities such as low internal shear rates and the capacity to withstand large percentages of free gas are expected to drive future growth in the cavity pump industry. To compete with replacements and accelerate demand during the foreseeable term, progressing cavity pumps require minimum maintenance, create low surface noise levels, and have low profile surface equipment. Progressing cavity pumps are likely to drive the worldwide progressing cavity pumps market due to its ease of installation and operation, as well as their low power costs.

Market Drivers

  • The demand for using progressive cavity pumps in upstream operations

In a variety of industries, including water and wastewater treatment, food and beverage production, chemicals, and petrochemicals, progressive cavity pumps are better suited to pumping high-viscosity fluids. These industries handle abrasives, sludges, and other fluids with low to high viscosities. The oil and gas industry's demand for PCPs is increasing as a result of upstream processes' exploratory activities, which include handling very viscous fluids. Advanced cavity pumps are particularly suitable for managing and pumping fluids from below during the enhanced oil recovery process.

Market Restraints:

  • Maintaining operating parameter changes will stagnate market growth

To improve the recovery of industrial processes, the progressive cavity pump is employed in a variety of industries. Changes in operating circumstances, including operational factors like motor speed, can wreak havoc on the pump and impede the system's constant and dependable functioning. Additionally, changes in pump speed can hinder process optimization. For instance, the motor pump's increased speed may cause the well's inflow to exceed it, causing the pump to shut off and then fail. The market expansion is hampered by the possibility that a lower production rate at levels far below the well's potential will result from the reduction in pump speed. However, many leading manufacturers on the market update their PCP products with the latest technology to solve such challenges.

Market Opportunities:

  • Increasing investments in the construction of wastewater treatment facilities

One of the most effective ways to deal with water scarcity, the problems it causes, and rising water needs is to reuse wastewater. Utilizing spinning impellers to increase velocity and force fluids through an outlet valve, progressive cavity pumps are frequently employed in plants to process spent water for treatment. As a result, as there are more wastewater treatment facilities, there will be a more pressing need for progressive cavity pumps. Utilizing treated wastewater can help relieve strain on non-renewable water resources, especially in Middle Eastern countries where more than 70% of total water withdrawals come from fossil groundwater in non-renewable aquifers.

Progressive Cavity Pump Market Segmentation

Power Rating Insights

Based on design type, the progressive cavity pump market segmentation has been divided into up to 50 HP, 51 HP–150 HP, and above 150 HP. In 2021, the progressive cavity pump market growth is expected to be led by the category with up to 50 HP. Many operators employ lower power ratings for their end-users because the material with high abrasive and viscosity typically delivers a reduced discharge rate with a rise in differential pressure. Pumps with power capacities between 50 and 100 HP and greater than 100 HP are a dependable, affordable option for a variety of industrial applications, including the transfer of heavy to light oil, coalbed methane, and water sources.

End-User Insights

Based on End-User, the progressive cavity pump market segmentation is divided into oil & gas, water & wastewater management, food & beverage, chemical & petrochemical, and others. Throughout the forecast period, the water and wastewater segment are expected to dominate the market. This is explained by the rise in demand from the  infrastructure market for water and wastewater management. These pumps are made to handle viscous and abrasive fluids in wastewater streams. The oil and gas segment are also likely to show considerable growth in the near future. Essentially, this is because of the rising use of progressive cavity pumps in the oil and gas industry for oil recovery and other upstream operations. Progressing cavity pumps are made to handle exceptionally challenging pumping applications and highly viscous fluids. Heavy or extra-heavy oil often requires unique production procedures to overcome its high viscosity.

Global Progressive Cavity Pump Market Share, By Region, 2021 (%)
Progressive Cavity Pump Market Share, By Region, 2021
Progressive Cavity Pump Market Overview, by Region

By region, the progressive cavity pump market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America dominates the market with the largest revenue share in 2021. Asia-Pacific is to register a significant growth rate over the forecast period.

North America

North America is anticipated to gain the largest market share throughout the projected period due to the rising use of advanced cavity pumps in oil recovery and other upstream processes in the area. For instance, the progressive cavity pump is a technology used in oil wells to increase production by reducing bottom-hole pressure. Approximately 11.8 million barrels per day (b/d) of oil were produced in North America in 2022, and 12.6 million b/d were produced in 2023, according to the U.S. Energy Information Administration (EIA). In 2020, the average daily production of crude oil was 11.3 million barrels (b/d).

Asia Pacific

Asia-Pacific is also anticipated to have strong growth in the market due to the growing use of progressive cavity pumps and the increasing number of smart cities in the region. For instance, India's ambitious Smart Cities plan was introduced by Prime Minister Narendra Modi in 2015 to address significant difficulties brought on by India's fast urbanisation. By 2022, India intends to develop at least 100 smart cities, and by 2050, around 70% of the population will reside in urban areas.

Progressive Cavity Pump Market Competitive Landscape

The market includes tier-1, tier-2, and local players. The tier-1 and tier-2 players have  reach with diverse product portfolios. Companies such as Halliburton, Circor International Inc, and Xylem. dominate the market due to product differentiation, financial stability, strategic developments, and diversified regional presence. The players are concentrating on supporting research and development. Furthermore, they embrace strategic growth initiatives, such as development, product introduction, joint ventures, and partnerships, to strengthen their market position and capture an extensive customer base.

Prominent players in the progressive cavity pump market research include Halliburto, National Oilwell Varco, Schlumberger, Dover, Weatherford, Xylem, Circor International Inc., Netzsch, PCM, Seepex, Synopumps, Moyno, Sydex, and ITT.

Scope of the Progressive Cavity Pump Market Report

Power Rating Outlook

  • Up to 50 HP

  • 51 HP–150 HP

  • Above 150 HP

End-User Outlook

  • Oil & Gas

  • Water & Wastewater Management

  • Food & Beverage

  • Chemical & Petrochemical

  • Others

Region Outlook

  • North America

    • US

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia and New Zealand

    • Rest of Asia-Pacific

  • Rest of the World

    • South America

    • Middle East

    • Africa

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

Progressive Cavity Pump Market Forecast and Size:

To identify and estimate the market size for the progressive cavity pump market report segmented by power rating, by end-user, and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of progressive cavity pump market forecast between 2020 and 2030

Market Landscape and Trends:

To identify and infer the drivers, restraints, opportunities, and challenges for the  progressive cavity pump market growth

Market Influencing Factors:

To find out the factors which are affecting the progressive cavity pump market size among consumers

Impact of COVID-19:

To identify and understand the various factors involved in the market affected by the pandemic

Company Profiling:

To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Intended Audience

  • Pharmacy Automation Manufacturers

  • Raw Material Suppliers

  • Retailers, Wholesalers, and Distributors

  • Governments, Associations, and Industrial Bodies

  • Investors and Trade Experts

Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 4.37 Billion
  CAGR   4.96% CAGR (2021-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Power Rating, End-User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Halliburto, National Oilwell Varco, Schlumberger, Dover, Weatherford, Xylem, Circor International Inc., Netzsch, PCM, Seepex, Synopumps, Moyno, Sydex, and ITT
  Key Market Opportunities   Growing emerging markets
  Key Market Drivers   Increasing acceptance and popularity of pharmacy automation

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Frequently Asked Questions (FAQ) :

The progressive cavity pump market forecast period is 2020 - 2030

The market is expected to grow at a CAGR of ~8.6% over the next 10 years, according to the progressive cavity pump market research.

Europe is expected to register the highest CAGR during 2021 - 2030

The major companies operating in the market includes Halliburto, National Oilwell Varco, Schlumberger, Dover, Weatherford, Xylem, Circor International Inc., Netzsch, PCM, Seepex, Synopumps, Moyno, Sydex, and ITT.