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At a CAGR of 5.1%, the progressing cavity pump market share is expected to reach an estimated value of USD 1.39 billion from 2021 to 2026. This report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.
This progressing cavity pump market research report extensively covers market segmentation by the following:
The progressing cavity pump market report also offers information on several market vendors, including Borets International Ltd., CIRCOR International Inc., Ebara Corp., Erich NETZSCH GmbH and Co. Holding KG, Flexachem, Hydro Prokav Pumps India Pvt Ltd., Ingersoll Rand Inc., ITT Inc., 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, and Xylem Inc. among others.
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The resurgence of investments in oil and gas sector is notably driving the progressing cavity pump market growth, although factors such as volatility in raw material prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the progressing cavity pump industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Progressing Cavity Pump Market Driver
Key Progressing Cavity Pump Market Trend
Key Progressing Cavity Pump Market Challenge
This progressing cavity pump market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the progressing cavity pump market encompasses successful business strategies deployed by the key vendors. The progressing cavity pump market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The progressing cavity pump market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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33% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for progressing cavity pumps in APAC. Market growth in this region will be faster than the growth of the market in North America, South America, and MEA.
The significant increase in the demand for progressing cavity pumps owing to the rise in investment in end-user industries such as oil and gas industry will facilitate the progressing cavity pump market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 negatively affected the regional market. As manufacturing operations in several industries such as the oil and gas industry, power, and construction were put on hold, the demand for progressing cavity pumps decreased. However, the regional market started to recover from H2 2020, owing to a steady recovery of industrial production and rapid vaccination drives. Therefore, the recovery of industrial output will escalate the demand for progressing cavity pumps in this region. This trend is expected to continue during the forecast period.
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The progressing cavity pump market share growth by the oil and gas segment will be significant during the forecast period. The growth in the oil and gas industry is expected to have a direct impact on the demand for progressing cavity pumps from various end-user industries. The surge in shale and tight oil drilling activities in North America and APAC will also increase the demand for progressing cavity pumps.
This report provides an accurate prediction of the contribution of all the segments to the growth of the progressing cavity pump market size and actionable market insights on post COVID-19 impact on each segment.
Technavio categorizes the global progressing cavity pump market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the progressing cavity pump market during the forecast period.
Our report provides extensive information on the value chain analysis for the progressing cavity pump market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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Progressing Cavity Pump Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 5.1% |
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Market growth 2022-2026 |
$ 1.39 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
5.65 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 33% |
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Key consumer countries |
US, Canada, China, India, Germany, and France |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Borets International Ltd., CIRCOR International Inc., Ebara Corp., Erich NETZSCH GmbH and Co. Holding KG, Flexachem, Hydro Prokav Pumps India Pvt Ltd., Ingersoll Rand Inc., ITT Inc., 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, and Xylem Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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