Progressing Cavity Pump Market To Generate $3,366 Million Revenue by 2030

The progressing cavity pump market size is expected to advance at a CAGR of 5.2% during 2022–2030, to reach USD 3,366 million by 2030. This can be ascribed to the increasing demand for these pumps from the water & wastewater and power generation sectors due to their cost-effectiveness.

A progressive cavity pump, a kind of displacement pump that is also called a screw pump, is suitable for dosing applications, hygienic environments, and drum-emptying, where accuracy plays an important role. Different models of this pump are available, ranging from flow rates of small pumps of a few milliliters to high-performance pumps up to 1000 m³/h. These pumps also provide suction lift capability responsible for handling slurries, wastewater sludge, and shear-thinning fluids. A typical progressing cavity pump features a suction inlet that feeds into an elongated casing.

Water & Wastewater Treatment Category Dominates the Industry

The water & wastewater treatment category holds the largest progressing cavity pump market revenue share, of around 30%, in 2022. This is due to the increase in the need for wastewater management and water infrastructure across the globe. More than half of the population across the globe is expected to face the situation of water scarcity for at least one month each year by 2050. Moreover, the rise in the urban population leads to urban wastes, such as pathogens from human excretion, plastics, and chemicals, which are responsible for contaminated water. These factors create a high demand for water and wastewater technologies.

The use of progressing cavity pumps for wastewater management helps in the transportation of highly viscous fluids and abrasives in wastewater streams. Moreover, the growing need for reducing the life cycle cost and improvement in operating margins will boost the use of these pumps in the water and wastewater industry for the processing of different sludges, waste, polymers, and flocculants. In addition, the UN is planning to achieve the goal of access to safe and affordable drinking water and sanitation for everyone by investing funds of USD 2 billion by 2030. This will boost the demand for these pumps in the future.

On the other hand, the chemicals & petrochemicals category is projected to witness the second-fastest growth in the market. This can be ascribed to the growing disposable incomes, rising urbanization and industrialization, and the increasing consumption of paints, adhesives, textiles, and construction products across the world, which leads to exponential growth in the chemicals sector. The ease of maintenance and affordability make the use of these pumps in this sector to a large extent. They are used in different applications such as chemical processing, adhesive and sealants, paints & coatings, and liquid detergents.

A Large Number of Applications Boost the Market Growth

A progressive cavity pump is used in several sectors such as oil & gas, water & wastewater, food & beverages, power generation, and chemicals, for a variety of applications such as transferring raw materials, lubrication oil pumping, grout or cement pumping, sewage, sludge, and slurry pumping, and oil pumping/petroleum production. Furthermore, the usage of these pumps helps plant operators in saving large amounts of energy and reduction in downtime as compared to other alternative approaches.

The other advantage of this pump is the flow of any product can be regulated very easily just by managing the speed of the pump. Thus, with the growth in end-use industries, the applications of progressive cavity pumps in increasing, which, in turn, boosts the market growth.

The major progressing cavity pump market players 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., and Valmet.