PROGRESSING CAVITY PUMP MARKET ANALYSIS

Progressing Cavity Pump Market Size and Trends

The Progressing Cavity Pump Market is estimated to be valued at US$ 3.72 billion in 2024 and is expected to reach US$ 5.31 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

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The global progressing cavity pump market growth is driven by the rising preference for progressing cavity pumps over traditional pumps across several industries such as oil & gas, food & beverage, and water & wastewater. Progressing cavity pumps are increasingly being used for mining slurries, oil well borehole cleaning, viscous sludge, and others owing to their ability to easily handle thick, heavy, abrasive materials, and shear-sensitive liquids. These pumps have low maintenance requirements and wear fewer parts compared to conventional pumps which further fuel their demand globally. Additionally, progressing cavity pumps are corrosion-resistant and can handle mixed phases, gases, and solids without any loss in performance, augmenting their deployment across multiple industrial applications.

Progressing Cavity Pumps in Oil & Gas Industry

The progressing cavity pump market is expected to see significant growth in demand from the oil & gas industry. With energy companies looking to ramp up production from mature oilfields and exploit unconventional reserves such as tight oil & gas, shale gas, and deepwater reserves, demand for robust and durable pumping solutions like progressing cavity pumps is increasing. Challenges associated with handling abrasive fluids and fluids containing a high amount of solids further boost the case for progressing cavity pumps over other pump types. As oil & gas companies globally invest heavily in enhancing oil recovery and boosting overall output, spending on downstream infrastructure like pumping systems is expected to rise significantly. This will accelerate the growth of the progressing cavity pump market that is closely tied to the expansionary plans of the oil & gas sector. For instance, in January 2022, NETZSCH initiated the construction of a new production facility in Brazil. Located in Santa Catarina's Ribeirão Souto, near the existing facilities in Pomerode, this new plant will assume full responsibility for the production of multi-screw pumps, thereby enabling the company to ramp up production across its product lines.

Market Concentration and Competitive Landscape

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The global progressing cavity pump market is witnessing steady gains driven by rising adoption in agricultural irrigation and fertilizer transfer applications. With worldwide focus growing on boosting agricultural productivity and crop yield through optimized irrigation practices, investments in advanced irrigation infrastructure are increasing. This bodes well for the adoption of progressive cavity pumps that help achieve substantial water and energy savings. Mounting pressures of efficient fertilizer and nutrient delivery along with growing acreage under center pivot and lateral move irrigation systems will continue augmenting demand for progressive cavity technology in the agriculture sector. Water scarcity also encourages the use of these high-efficiency pumps for irrigation applications involving re-use of treated wastewater.

For instance, in November 2022, Vogelsang GmbH & Co. KG introduced a novel progressive cavity pump tailored for application in biogas facilities. Featuring a conical shape and an inventive adjustment mechanism, the pump conserves energy while substantially prolonging its operational lifespan.

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One of the key challenges for the progressing cavity pump market is intense competition among established players. Major players have strong distribution networks and provide varied product portfolios to clients, making it difficult for new entrants to gain market share. Additionally, fluctuating raw material prices affect the production costs of progressing cavity pumps. Strict environment norms regarding emission levels of pumps also impact manufacturing.

Market Opportunity: Expansion of End-use Industries

The market sees growth opportunities due to expanding end-use industries. Rising need for pumping viscous and solids-laden fluids across chemical, mining, and food processing sectors fuels demand. Furthermore, advantages such as accurate dosage and minimal shear stress offered by progressing cavity pumps ensure their increased utilization. Product innovation toward superior design and energy efficiency further facilitates market growth over the coming years.

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In terms of By Power Rating, the Up to 50 HP segment is estimated to hold the highest share of 44.73% in 2024, owing to its versatility and suitability for a wide range of applications. Pumps in this lower horsepower range offer an optimal balance of functionality and affordability that appeals to many end users.

Applications include dosing, filling, emptying, and transferring materials like adhesives, paints, slurries, and food products. The pumps’ self-priming function also gives them drainage and dewatering utility.

Affordability is a key driver of demand within this segment. Up to 50 HP pumps offer a lower price point than their higher horsepower counterparts, improving access for cash-strapped end users or those with smaller scale operational needs. Their versatility will continue supporting strong demand within this leading market segment.

Insights, By End-user Vertical - Oil & Gas Infrastructure Fuels Segment Leadership

When considering market share by end-user vertical, the Oil & Gas segment is expected to hold the highest portion of 37.12% in 2024, due to its immense infrastructure scale and demanding operating conditions. Progressing cavity pumps are uniquely well-suited to the high-pressure, high-volume material transfer needs of the oil and natural gas industries.

Whether installed at offshore rigs, onshore wellheads, or along midstream pipelines, progressing cavity pumps play a critical role in reliably moving drilling fluids, fracturing fluids, produced water, hydrocarbon liquids and slurries. No other end-user vertical comes close to matching the scale or influence of oil and gas operations—cementing its leadership role within the progressing cavity pump market.

Regional Insights

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The Asia Pacific region is poised for dominance, not only holding the largest market share of 48.72% in 2024, but also boasting the highest projected Compound Annual Growth Rate (CAGR) of 7.72% for 2024. Several compelling factors are propelling Asia Pacific to the forefront of this market.

Firstly, rapid industrialization and urbanization across the region are creating a surge in demand for efficient fluid handling solutions. Industries like oil & gas, water & wastewater treatment, and food & beverage are experiencing significant growth, requiring reliable pumps to handle viscous, abrasive, or shear-sensitive fluids. Progressing cavity pumps, with their positive displacement design and gentle pumping action, are ideally suited for these applications.

Secondly, growing environmental concerns in Asia Pacific are driving investments in water & wastewater treatment infrastructure. Stringent regulations and government initiatives promoting clean water access and sanitation are creating a significant demand for progressing cavity pumps in these facilities. Their ability to handle various types of sludge and wastewater efficiently makes them a valuable asset. Thirdly, the oil & gas industry in Asia Pacific, particularly in countries like China and India, is experiencing a boom. As they focus on extracting viscous oil and enhancing oil recovery, progressing cavity pumps are becoming increasingly important tools. Finally, with several leading progressing cavity pump manufacturers having a presence in Asia Pacific, there's strong local production and technological advancements happening within the region. This caters to the specific needs of regional industries and fosters faster market growth.

Market Report Scope

Progressing Cavity Pump Industry News

• NETZSCH announced in April 2022 the release of the new NEMO progressing cavity pump in FSIP design, featuring a compact block construction for space-saving installation and easy access to wearing parts, simplifying maintenance and service procedures.
• In June 2021, Seepex GmBH joined forces with Ingersoll Rand Inc. to accelerate digital technology adoption and aftermarket service growth
• In August 2020, PCM Group acquired Halliburton Energy Services Inc.'s progressive cavity pump business line, known as Europump, bolstering its offerings to the oil & gas industry with a range of PCP, surface equipment, and services
• In January 2020, Allweiler introduced the new AEB-DE dosing pump at the Pumps & Valves trade fair in Dortmund, Germany. This series of pumps emphasizes flexibility and space-saving design, featuring the OptiFix progressive cavity pump for swift repairs and minimized downtime, maintenance, and service costs.

*Definition: The Progressing Cavity Pump Market involves the manufacturing and sales of progressing cavity pumps. Progressing cavity pumps are a type of positive displacement pump that uses a helical rotor that turns eccentrically inside a double helical stator to progressively move the fluid or semi-solid material being pumped. These pumps are commonly used in industries such as oil & gas, food & beverage, mining, power generation, chemicals, and wastewater management.

Market Segmentation

• Power Rating Insights (Revenue, US$ Bn, 2019 - 2031)
  • Up to 50 HP
  • 51 to 150 HP
  • Above 150 HP
•  End-user Vertical Insights (Revenue, US$ Bn, 2019 - 2031)
  • Oil & Gas
  • Water & Wastewater Treatment
  • Food & Beverage
  • Biogas
  • Battery Recycling
  • Chemicals & Petrochemicals
  • Others
• Regional Insights (Revenue, US$ Bn, 2019 - 2031)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • South Africa
    • GCC Countries
    • Israel
    • Rest of Middle East & Africa
• Key Players Insights
  • Alfa Laval AB
  • Allweiler AG
  • Blackmer Holding Company
  • Flotronic Pumps
  • GRUNDFOS Holding A/S
  • Mono Pumps Limited
  • NETZSCH Pumpen & Mühlenwerke GmbH
  • PCM Technologies
  • SECO Pumps GmbH
  • SSP Pump
  • Titan Engineering LLC
  • Trilobe America, Inc.
  • Tsurumi Manufacturing Co., Ltd.
  • Vaughan Company, Inc.
  • Verder Liquids Handling Technologies
  • Weir Group PLC
  • Wilden Pump & Specialty Products
  • Xylem Inc.
  • Yingde Xin'gan Machinery Manufacturing Co., Ltd.