Progressing Cavity Pumps Market Size and Share Analysis by Product Type (Dosing Pump, Flanged Pump, Hopper Pump, Food Grade, Vertical Pump, Downhole Pump), Power Rating (Up to 50 HP, 51-150 HP, Above 150 HP), Pumping Capacity (Up to 500 GPM, 501–1,000 GPM, Above 1,000 GPM), Pressure Rating (Up to 6 bar, 6-12 bar, Above 12 bar), End User Industry (Oil & Gas, Water & Wastewater Treatment, Food & Beverages, Chemicals & Petrochemicals, Mining, Paper & Pulp, Construction & Building, Marine & Defense) - Global Industry Revenue Estimation and Demand Forecast to 2030

Market Overview

The progressing cavity pump market size stood at USD 2,244 million in 2022, and it is expected to grow at a compound annual growth rate of 5.2% during 2022–2030, to reach USD 3,366 million by 2030. This is ascribed to the rising demand for these pumps in the use of enhanced oil recovery and other upstream processes, the surging focus and initiatives for improving water and wastewater management practices, and the increasing applications in power generation due to their cost-effectiveness.

This kind of displacement pump is ideal for handling tough pumping applications and highly viscous liquid flowing. The versatile pump may handle different applications like dosing, pumping, and metering chemicals, materials that comprise abrasive particles, shear-sensitive materials, viscous and abrasive materials, and fluids in applications that need diverse flow rates.

The outbreak of the COVID-19 pandemic made various industries fall and shut down operations and supply chains, due to imposed lockdowns and reduced demand from end-use sectors. These led to a decrease in profits as operations were shut down and loss to production activities. This resulted in a high deposit of crude oil, as a result of the decline in consumption. Thus, midstream activities were hindered. Progressing cavity pumps are widely used in pumping stations as a part of pumping operations. Hence, the decline in the demand for oil and closed operations hampered the market growth.

In the post-COVID-19 pandemic, the market is rising and overcoming the loss faced by industries. With the increasing applications of these pumps in oil recovery and wastewater infrastructure, the market is expected to grow significantly in the future.

Rising Need for Progressive Cavity Pumps for Power Generation

The demand for electricity across the globe is growing significantly, which, in turn, is responsible for a rise in the need for fossil fuels for power generation. According to the latest edition of the IEA’s semi-annual Electricity Market Report, the electricity demand, which had fallen to 1% in 2020 due to the impacts of the pandemic, had grown close to 5% in 2021, and this is expected to continue increasing in the future, which has been driven by the global economic recovery. Most of the demand for power generation mainly comes from the APAC region, mainly India and China.

The increase in the requirement for uninterrupted power supply in developing countries like India and China is caused by power cuts and load shedding. Steam turbines are used for power generation. Power plants use coal as an alternate fuel for operating steam turbines. These pumps are important for the transportation of coal water slurry to the final location for electricity generation. The other applications include pumps for flue gas desulfurization, which are responsible for the removal of carbon emissions and different exhaust gases from fossil-fueled power plants.

Focus of Nations on Improving Water and Wastewater Management Practices

Wastewater reuse is very important for dealing with water scarcity and its issues. Governments in different regions are focusing on improving wastewater management to deal with water scarcity. Countries are adopting several approaches to wastewater management, ecosystem-based management, and connecting sectors and are getting immediate benefits from better wastewater management. According to the World Bank, 36% of the world’s total population is living in water-scarce areas. Also, rapid urbanization has increased water-related challenges, such as degraded water quality and inadequate supply of water.

To improve the condition of water scarcity, countries are focusing on new initiatives and making new investments to treat wastewater. Also, the development of cities in the future requires new methods and strategies for wastewater management for which they are taking necessary steps such as minimizing resource consumption and focusing more on resource recovery. In addition, wastewater treatment plants need progressive cavity pumps for the treatment of used water, as they are ideal for transporting highly viscous fluids in wastewater streams. Thus, the surge in environmental awareness and the rise in the number of wastewater treatment facilities are driving the demand for these pumps.

High Demand in Enhanced Oil Recovery and Other Upstream Processes

Progressive cavity pumps handle high-viscosity fluids used in different sectors like chemicals & petrochemicals, oil & gas, water & wastewater treatment, and food & beverages. The applications of these pumps in the oil & gas industry include draining the full tank to only a few inches of liquid, handling variable flow and pressure rates better as compared to centrifugal pumps, having an ideal design that can fulfill the needs of oil refineries, ensuring proper flow of fluid without any pulsation and minimum vibration, and at any temperature or pressure, these pumps can be customized. Also, they can easily adapt to viscosities and vapor pressure changes, which can influence pump performance and reliability.

According to the International Energy Agency, global oil consumption is forecasted to reach 104.1 mb/d by 2026 as compared to an increase of 4.4 mb/d from the 2019 level. In countries, such as Canada, Brazil, the U.S., Mexico, Venezuela, and Russia, the rising investments in oil & gas and refining operations related to expansion are majorly seen. Moreover, APAC countries are making huge investments in shale exploration. According to research, final investment decisions (FIDs) of around USD 16 billion would be sanctioned in Southeast Asia in 2023.

Changes in operational parameters and conditions, including motor speed, can hamper the system's reliability and other necessary operations. Moreover, the advanced progressive cavity pumps automatically manage torque, measure flow rates, and adjust pump speed. These systems can be operated remotely and changes be made from anywhere. Thus, the developments in various regions in the oil & gas operations increase the demand for these pumps in the future.

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Up to 50 HP Category To Witness the Fastest Growth

The up to 50 hp category is projected to register the highest CAGR, of 6.1%, in the coming years in the progressing cavity pump market. This is because 50 hp pumps are used in efficiently handling pumping applications and the speed of pumps for viscous fluids depends on the power rating. Also, these pumps are increasingly been adopted by different sectors like chemicals & petrochemicals, wastewater treatment, food & beverages, and oil & gas, as they involve applications like handling food waste and chemicals containing viscous materials and others.

Up to 500 GPM Category Dominates the Industry

The up to 500 GPM category accounted for the largest revenue share in 2022, and it is expected to register the highest CAGR, of 5.9%, during the forecasted period. This is because these pumps are preferred mostly for their flexibility in operations, primarily in the food & beverages and wastewater treatment sectors. Also, the increase in investments in these sectors creates huge opportunities in the market. These pumps offer fluid flow with less consumption of power and are fit for metering applications and dosing in the food & beverage sector. Moreover, the 500–1000 GPM category held the second-highest revenue share in 2022, due to their high uses in industrial applications and the transfer of heavy oils.

Asia-Pacific Is the Market Leader

The rising demand for technological advancements in solutions for the management of different industrial plants in India and China makes the APAC region a market leader, with a revenue share of 38% in 2022. Moreover, this is also driven by improving the economic conditions of countries and increasing industrialization in the region. In addition, the need for clean and reusable water is increasing for the population and agricultural activities. Also, countries such as India, China, Thailand, and Malaysia are more focused on mining and oil recovery activities. Thus, these factors boost the need for progressing cavity pumps in the region.

Furthermore, with the increasing number of smart cities and infrastructure development in countries like China and India, the surging need for proper sanitation due to rapid urbanization, and the multiple ways of extracting crude oil from reservoirs lead to a rise in the demand for these pumps in APAC.

The Middle East and Africa region holds the second-largest share of the progressing cavity pump market. This is attributed to the rise in the demand for developing new methods of oil recovery as compared to traditional methods. For instance, technological advances like water and gas injection techniques are used to maintain the reservoir’s natural pressure to support oil production.

Key Progressive Cavity Pump Manufacturers Are:

• National Oilwell Varco Inc.
• Ingersoll Rand
• CIRCOR International Inc.
• Continental Ultra Pumps
• NETZSCH Pumps
• Börger GmbH
• Synopumps
• Roto Pumps Limited
• LIBERTY PROCESS EQUIPMENT INC.
• Valmet

Market Size Breakdown by Segment

This report offers deep insights into the progressing cavity pump market, with size estimation for 2017 to 2030, the major drivers, restraints, trends and opportunities, and competitor analysis.

Based on Product Type

• Dosing Pump
• Flanged Pump
• Hopper Pump
• Food Grade
• Vertical Pump
• Downhole Pump

Based on Power Rating

• Up to 50 HP
• 51-150 HP
• Above 150 HP

Based on Pumping Capacity

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

Based on Pressure Rating

• Up to 6 bar
• 6-12 bar
• Above 12 bar

Based on End User Industry

• Oil & Gas
• Water & Wastewater Treatment
• Food & Beverages
• Chemicals & Petrochemicals
• Mining
• Paper & Pulp
• Construction & Building
• Marine & Defense

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K
  • France
  • Italy
  • Spain
• Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • U.A.E.