According to the report by Expert Market Research (EMR), the Global progressive cavity pump market Size is projected to grow at a CAGR of 5.20% between 2023 and 2028. Aided by the growing demand for advanced pumping solutions and the increasing applications of progressive cavity pumps across various industries, the market is expected to grow significantly by 2028.
A progressive cavity pump is a type of positive displacement pump designed to move fluids through a sequence of small, fixed shape cavities as an elastomeric stator rotates. It is widely used in various applications, including wastewater treatment, oil and gas operations, food and beverage processing, and chemical manufacturing. The pump plays a vital role in ensuring efficient fluid transfer, particularly handling viscous or delicate fluids with suspended solids.
Progressive Cavity Pump Market Size, Share, Price, Trends, Growth, Key Players, Report and Forecast
The rising demand for effective and efficient pumping solutions is driving the global progressive cavity pump market growth. As businesses strive to improve operational efficiency and minimise waste, there is a significant shift towards advanced pumping solutions, leading to a surge in demand for progressive cavity pumps. Furthermore, the increasing requirement for waste and water treatment in both urban and industrial settings has contributed to the market growth, given the pump’s proficiency in handling slurries and wastewater.
The expanding applications of progressive cavity pumps in diverse industries play a significant role in propelling the progressive cavity pump market. In the oil and gas sector, these pumps are used for the efficient transfer of crude oil and for downhole applications. The food and beverage industry utilises progressive cavity pumps for their ability to handle sensitive products gently, which is crucial in maintaining the quality of beverages and processed foods. Additionally, their chemical resistance and ability to handle high viscosity fluids make these pumps integral in chemical manufacturing.
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Moreover, the growing focus on renewable energy and subsequent exploration activities has led to an increased demand for progressive cavity pumps, given their effectiveness in geothermal pumping and other demanding fluid transfer applications. As the world shifts towards sustainable energy sources, these pumps have emerged as an indispensable tool in handling the complex pumping needs of the renewable energy sector, thereby boosting the progressive cavity pump market expansion.
Progressive Cavity Pump Market Segmentation
The market can be divided based on power rating, pumping capacity, end use, and region.
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Market Breakup by Power Rating
- Up to 50 HP
- 51 HP-100 HP
- Above 100 HP
Market Breakup by Pumping Capacity
- Up to 500 GPM
- 501-1,000 GPM
- Above 1,000 GPM
Market Breakup by End Use
- Oil and Gas
- Water and Wastewater Management
- Food and Beverages
- Chemicals and Petrochemicals
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global progressive cavity pump companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Erich NETZSCH GmbH & Co. Holding KG
- SEEPEX GmbH
- PCM SA
- CIRCOR International‚ Inc.
- ChampionX Corporation
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