Progressing Cavity Pump Market - by End User (Water & Wastewater, Oil & Gas (Application, Well Type), Chemical & Petrochemical, Food & Beverage, and Others), by Power Rating (Up To 50 hp, 51-150 hp, and Above 150 hp), and by Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Global Progressing Cavity Pump market garnered earnings worth approximately 4 (USD Billion) in 2019 and is set to record a CAGR of more than 7% over the period from 2020 to 2026.

29-Jun-2020 | Number of pages: 110 | Report Code: ZMR-3236 | Report Format : | Status : Published

Abstract

The global Progressing Cavity Pump market garnered earnings worth approximately 4 (USD Billion) in 2019 and is set to record a CAGR of more than 7% over the period from 2020 to 2026. The report offers assessment and analysis of the Progressing Cavity Pump market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Details of the Report:

Report Metric

Details

Base Year

2019

Historical Data

2017 and 2018

Forecast period

2020-2026

Market Representation

Earnings provided in terms of USD Billion and CAGR estimated from 2020 to 2026

Segments Analyzed

By Power Rating, By End User, and By Region

Regions Analyzed

North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa

Introduction

A progressing cavity pump is a kind of positive displacement pump that is also referred to as progressing cavity pump. Moreover, it transfers liquids via pump by means of tiny and fixed-shape discrete cavities. These products are utilized in fluid meters as well as pumping of viscous & shear sensitive objects. Furthermore, progressing cavity pumps are deployed for effectively handling viscous liquids at high rate of flows and in applications involving huge pressure of discharge requiring smooth amount of flow. These products are set up where there is a high pressure release requirement.

Market Growth Dynamics

Beneficial features including abrasion resistance, low proportion of surface noise, and low maintenance requirement will steer the growth of progressing cavity pump industry over the forecast timeline. Apart from this, the product finds extensive usage in liquid possessing high thickness & viscosity as compared to water in order to enhance its volumetric & mechanical proficiency along with raising its viscosity.

Furthermore, a surge in infrastructural funding activities for improving wastewater infrastructure and infrastructural growth will embellish the market growth over the years to come. The product is also used for discharging mashes, dough, slurry, and pulp from paper recycling units. It also find lucrative application in wastewater treatment units and anaerobic digestion facilities. Large-scale utilization of the product in oil & gas, chemical, food & beverages, and petrochemical sectors will boost the market trends.

North America To Lead Overall Market Expansion Over 2020-2026

The regional market growth over the forecast period is credited to massive demand for the product across wastewater treatment, oil & gas, and chemical sectors in the countries like the U.S. Apart from this, need for upgrading water infrastructure facility & reshoring of production activities in the developed countries like the U.S. will embellish the regional market trends.

Key participants influencing the market growth include are Borets, National Oilwell, Weatherford, PCM, Schlumberger, Halliburton, Xylem, CIRCOR, National Oil Well, PCM, NETZSCH, Dover, and Seepex.

The global progressing cavity pump market is segmented as follows:

By Power Rating

  • Up To 50 hp
  • 51–150 hp
  • Above 150 hp

By End-User

  • Oil & Gas
  • By Application (Onshore and Offshore)
  • By Well Type (Horizontal/Directional and Vertical Well)
  • Water & Waste Management
  • Food & Beverage
  • Chemical & Petrochemical
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

The key growth drivers that will impact the market growth include beneficial product properties such as abrasion resistance, low proportion of surface noise, and low maintenance requirement will boost the market trends.

The CAGR of the industry is expected to be over 7% during the forecast timespan.

North American region will contribute remarkably towards the global market revenue over the estimated timeline.

The key players include PCM, Schlumberger, Xylem, National Oil Well, PCM, NETZSCH, Halliburton, Weatherford, Dover, Borets, CIRCOR, National Oilwell, and Seepex.

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