Progressing Cavity Pump Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Germany, India, Canada, France, UK, Japan, Brazil, Saudi Arabia - Size and Forecast 2024-2028

Progressing Cavity Pump Market Size 2024-2028

The progressing cavity pump market size is forecast to increase by USD 2.08 billion, at a CAGR of 6.6% between 2023 and 2028.

• The market is experiencing significant growth due to various driving factors. The resurgence of investments in the oil and gas sector, as well as advancements in the water and wastewater industry, are key contributors to market expansion. Additionally, the increasing focus on industrial automation and sustainable pumping solutions has led to the adoption of progressing cavity pumps in various applications. These pumps offer high corrosion resistance, making them suitable for handling fluids with high solids content and challenging fluid dynamics. Furthermore, their operational reliability and ability to maintain pump performance, even with varying fluid viscosity, make them a popular choice for flow measurement and pumping performance applications. As the demand for industrial pump solutions that minimize environmental impact continues to rise, progressing cavity pumps are expected to play a significant role in addressing these challenges. Overall, the market for progressing cavity pumps is poised for continued growth, driven by the need for reliable, efficient, and sustainable pumping solutions.

What will be the Size of the Market During the Forecast Period?

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• Processes Cavity pumps have been a vital component in various industries, particularly in manufacturing processes that involve transferring fluids with solid content or high viscosity. These pumps are essential in temperature control, pressure management, and sanitation solutions across sectors such as oil and gas, mining, and wastewater treatment. Manufacturing processes require efficient and reliable pump systems to ensure smooth production. Cavity pumps, with their unique design featuring a helical rotor, offer advantages in handling solids, maintaining flow rate, and managing high temperatures. However, these advantages come with considerations such as high investment cost, maintenance costs, and power consumption. To mitigate unplanned downtime and improve efficiency, manufacturers are focusing on system installation, predictive maintenance, and asset utilization. Industry 4.0 and data analytics play a significant role in these advancements. Machine learning algorithms can help monitor operating conditions, identify potential issues, and suggest troubleshooting techniques. Cavity pumps are used extensively in industries dealing with corrosive environments, viscous fluids, and sediment handling.
• In oil and gas applications, they are crucial for wastewater disposal and facility expansion. Mining applications require cavity pumps for slurry transportation and energy efficiency. Efficiency improvement is a key focus area for cavity pump users. Total ownership cost, including initial investment, maintenance, and power consumption, is a significant concern. Precise metering and dosing chemicals are essential in various applications, such as wastewater treatment and manufacturing processes. Cavity pumps are subjected to challenging operating conditions, including high temperatures and pressure. Dependability improvements are essential to minimize downtime and maintain production. Centrifugal pumps, although common, may not be suitable for all applications, making cavity pumps a preferred choice for specific industries and applications. In conclusion, cavity pumps continue to play a crucial role in various industries, particularly in manufacturing processes that involve transferring fluids with solid content or high viscosity.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• End-user
  • Oil and gas
  • Water and wastewater
  • Chemical and petrochemical
  • Food and beverage
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • South America
    • Brazil
  • Middle East and Africa

By End-user Insights

• The oil and gas segment is estimated to witness significant growth during the forecast period.

Progressing cavity pumps play a significant role in the pumping industry, particularly in the design of pumping systems for the oil and gas sector. These pumps are essential in high-pressure applications, including drilling fluid circulation, hydraulic fracturing, deep-sea pumping, and cementing operations. The oil and gas industry, which includes upstream exploration and production (E&P), midstream transportation, and downstream refineries, continues to invest in new projects, despite recent price volatility. Progressing cavity pumps offer reliable operation, real-time data, and flow control, making them cost-effective solutions for sustainable operations in the oil and gas industry.

As part of Industry 4.0 initiatives, remote monitoring, and predictive maintenance are increasingly being adopted to optimize performance and minimize downtime. Material handling applications in the industry also benefit from the strong design and long service life of progressing cavity pumps. Capital expenses in the pumping industry are a critical consideration, and progressing cavity pumps offer a strong return on investment through their energy efficiency, durability, and low maintenance requirements. As the industry focuses on reducing costs and improving operational efficiency, the demand for advanced pumping systems, including progressing cavity pumps, is expected to grow.

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The oil and gas segment was valued at USD 1.32 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

• APAC is estimated to contribute 49% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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In Asia Pacific (APAC), the market holds a significant share due to the presence of large-scale industries, particularly in the oil and gas, chemical, and industrial manufacturing sectors. APAC is the world's leading automotive manufacturing hub, making it a critical market for progressing cavity pumps. Given the region's diverse economic landscape, the demand for these pumps varies greatly from country to country. With strong economic growth anticipated in APAC during the forecast period, the demand for chemical products is surging to cater to the expanding needs of various industries, including food and beverage, construction, and water and wastewater treatment.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in the adoption of the market?

The resurgence of investments in oil and gas sector is the key driver of the market.

• Progressing cavity pumps play a crucial role in sustainable water management and process control across various industries, particularly in the oil and gas sector. These pumps are engineered to handle high viscosity fluids, making them ideal for pumping crude oil, processed petroleum products, and other feedstocks. The ability to maintain consistent flow rates, even with viscous fluids, is a significant advantage in process optimization, resource recovery, and chemical dosing systems. The oil and gas industry's reliance on progressing cavity pumps is evident as they handle the transportation of heavy crude oil. Several countries, including Saudi Arabia, India, Brazil, and Kuwait, are planning to establish new refineries and upgrade existing ones, creating substantial growth opportunities for the market.
• In the Middle East alone, there are approximately eight major expansion projects underway, which include the addition of crude distillation units (CDUs) and the installation of gasoline units, aromatic complexes, and desulphurization units in existing refineries. Process safety is paramount in fluid handling applications, and progressing cavity pumps offer reliable performance in this regard. Their design ensures safe and efficient disinfection, filtration, and energy efficiency, making them a preferred choice for industrial applications. As the global focus shifts towards sustainable water management and resource recovery, the demand for progressing cavity pumps is expected to grow significantly. Proper pump selection based on specific application requirements and fluid properties is essential for optimal performance and longevity.

What are the market trends shaping the market?

Developments in water and wastewater industry is the upcoming trend in the market.

• The expanding need for clean water due to population growth and urbanization drives the investment in water treatment facilities globally. These facilities are essential for various domestic, commercial, and industrial uses and processes. The increasing demand for clean water, particularly in developing countries, has led to significant investments in new infrastructure. Progressing cavity pumps play a crucial role in water treatment processes due to their ability to handle high solids content and corrosive fluids. Their high operational reliability, pumping performance, and flow measurement capabilities make them an ideal choice for sustainable pumping solutions.
• Industrial automation and fluid dynamics are essential considerations in the design and implementation of progressing cavity pumps to ensure optimal performance and minimal environmental impact. Companies offering industrial pump solutions focus on enhancing the pump's fluid viscosity handling capabilities and ensuring pumping reliability to cater to the evolving market demands.

What challenges does the market face during its growth?

Volatility in raw material prices is a key challenge affecting the market growth.

• The market faces a significant challenge with the volatile pricing of raw materials, including cast iron, bronze, stainless steel, aluminum, and copper. This can hinder the adoption of progressing cavity pumps in price-sensitive emerging markets. Raw material prices have experienced considerable fluctuations due to factors such as increased taxes, duties, and tariffs, as well as production disruptions in metal ore-producing countries. These price changes can ripple through the entire supply chain, ultimately affecting the final product's cost. To mitigate these challenges, the market is embracing various trends such as circular economy, predictive analytics, smart manufacturing, and digital twins. These technologies can optimize the use of resources, reduce waste, and improve operational excellence.
• Asset management is also being enhanced through maintenance planning, life cycle cost analysis, and regulatory compliance. By implementing these strategies, businesses can minimize the impact of raw material price volatility on their operations and maintain a competitive edge. Furthermore, pollution mitigation and optimization are essential considerations for the market. Digital twins and predictive analytics can help identify potential issues before they become major problems, reducing downtime and minimizing the environmental impact of pump failures. Sealing technology also plays a crucial role in reducing emissions and ensuring regulatory compliance. By focusing on these areas, the market can continue to innovate and provide value to its customers, even in the face of raw material price volatility.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast , partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

CIRCOR International - The company offers advanced progressing cavity pump solutions, including the Allweiler OptiFlow and Allweiler ADP models, catering to various industries in the market.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Ebara Corp.
• Erich NETZSCH BV and Co. Holding KG
• Flexachem
• Hydro Prokav Pumps India Pvt Ltd.
• Ingersoll Rand Inc.
• ITT Inc.
• Levare International
• MXQ LLC
• NOV Inc.
• Nova Rotors Srl
• PCM Artificial Lift Solutions Inc.
• Pump and Valve Specialties
• Roper Technologies Inc.
• Roto Pumps Ltd.
• Sulzer Ltd.
• The Weir Group Plc
• Westpower Equipment Ltd.
• Wilo SE
• Xylem Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The market is witnessing significant growth due to the increasing demand for sustainable water management solutions. These pumps are essential for handling high viscosity fluids in various industries, including chemical, food and beverage, and oil and gas. The focus on process optimization and resource recovery is driving the adoption of progressing cavity pumps, which offer improved performance and reliability. Energy efficiency is a critical factor in the selection of pumps, and progressing cavity pumps are known for their energy-saving capabilities. They also offer features such as wear and tear resistance, corrosion resistance, and high solids content handling. Process safety is another essential consideration, and progressing cavity pumps provide reliable operation even in hazardous environments.

Further, the integration of advanced technologies such as predictive analytics, digital twins, and smart manufacturing is enabling better maintenance planning and operational excellence. Regulatory compliance is a major challenge in the pumping industry, and progressing cavity pumps offer solutions for pollution mitigation and chemical dosing systems. The use of smart services, remote monitoring, and real-time data analysis is helping to reduce downtime and increase uptime, while advanced analytics and data-driven insights are improving pumping performance and pumping cost analysis. The focus on sustainable operations and Industry 4.0 is driving the adoption of smart processes and smart factories, which require reliable and cost-effective pumping solutions.

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What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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