Progressing Cavity Pump Market by Pumping Capacity (Upto 500 GPM, 501–1000 GPM, Above 1000 GPM), Power Rating (Upto 50 hp, 51–150 hp, Above 150 hp), End User (Oil & Gas, Water & Wastewater, Others), Product Type, Stage Type and Region - Forecast to 2027
[228 Pages Report] The global progressing cavity pump market is projected to reach USD 2.8 billion by 2027 from an estimated USD 2.2 billion in 2022, at a CAGR of 5.3% during the forecast period. The growth of the progressive cavity pump market can be attributed to the increasing deployment in the water & wastewater treatment plants, especially in developing countries. The increasing investments in the oil & gas explorations is also fueling demand for progressive cavity pumps.
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COVID-19 Impact
The COVID-19 pandemic has adversely affected the growth of the progressing cavity pump market globally as the demand for progressing cavity pumps was reduced significantly. Governments worldwide were compelled to reduce business activities to minimize the spread of the coronavirus. Additionally, companies across different geographies had to shut down their manufacturing facilities and services as partial or full lockdowns were imposed to contain the pandemic. This resulted in increased procurement costs of raw materials due to the shortage of supplies, which ultimately led to delays in order closures. Thus, the pandemic has negatively impacted the demand for progressing cavity pumps in the short term.
Progressing Cavity Pump Market Dynamics
Driver: The demand for usage of progressive cavity pumps in enhanced oil recovery and other upstream processes
Progressive cavity pumps are more suited for handling high-viscosity fluids in various industries such as oil & gas, water & wastewater treatment, food & beverages, chemicals & petrochemicals. These industries handle variety of fluids ranging from low to high viscous fluids such as abrasives, sludges, etc. The oil & gas industry has a surging need for the PCPs as the exploration activities in the upstream processes involves handling of high viscosity fluids. Mainly in the enhanced oil recovery process ,the progressing cavity pumps play a vital role in efficiently handling and pumping fluids from underneath. Canada has the largest heavy crude oil reserves located in Venezuela and Alberta. According to the World Oil Outlook 2021, the Canadian province of Alberta holds huge reserves of oil in the world, which is estimated to be more than 170 billion barrels of oil. The oil production in this province was 5.2 million barrels per day in 2020 which is expected to increase to 5.6 million barrels per day in 2026. There are rising investments in the oil & gas explorations and refining capacity expansions are seen in countries such as Canada, Brazil, Colombia, Mexico, US, Congo, Venezuela, Madagascar, and Russia. Countries in Asia Pacific are increasing their investments in shale explorations. Such developments in India by Cairn Oil and Gas company, which has planned to invest USD 5 billion over the next three years in exploration programs in Rajasthan; this project aims to produce 50% of the country’s oil & gas requirements. Thus, these developments in various regions in the oil & gas operations are expected to increase the demand for PCPs in the near future.
Restraint: The maintenance costs associated with the conventional progressing cavity pumps
Progressing cavity pumps are designed for up and down movements of the rotating eccentric screw (rotor) and the fixed, abrasion-resistant, elastomeric-lined stator. Although these pumps are cheaper than progressing cavity pumps of similar pumping capacity, the requirement of scheduled maintenance and cost of progressing cavity pumps is one of the significant cost contributors. The maintenance of the stator and rotor of the pumps is a matter of concern for plant operators as progressing cavity pumps are subject to constant abrasion due to highly viscous and semi-solid substances pumped through them. Although these pumps are suitable for application in many industries, some end users avoid using them because they are associated with long-lasting maintenance problems. In progressing cavity pumps, run-dry damage can be dangerous to the elastomer stator, and choosing the correct material for elastomers is critical. Elastomer stators can improve productivity but maintaining this ideal setting for each well is an expensive proposition, which makes progressing cavity pumps difficult and relatively costly to maintain as compared with other available alternatives in the oil & gas industry. Thus, the higher maintenance cost of progressing cavity pumps is one of the major restraints for market growth.
Opportunities: Focus of the countries on improving the water and wastewater management practices associated with increased investments for developing wastewater treatment plants
Wastewater reuse is one of the most important options for overcoming water scarcity and the issues that come with it, as well as meeting expanding water demands. Progressing cavity pumps are widely used in wastewater treatment plants to process used water for treatment by increasing velocity and pushing fluids through an outlet valve using rotating impellers. As a result, the demand for progressing cavity pumps will rise as the number of wastewater treatment plants grows. The use of treated wastewater can assist ease pressure on unsustainable water resources, particularly in nations in the Middle East where fossil groundwater from non-renewable aquifers accounts for more than 70% of total water withdrawals. There is a rising need to focus on water and wastewater treatment in the MENA region due to water scarcity. According to the Sustainable Water Alliance, countries such as Saudi Arabia and Iran are expected to witness an increase in the number of new water & wastewater projects by 2023. Also, Saudi Arabia is anticipated to become the third-largest water reuse market in the world after the US and China.
Furthermore, major Asian Pacific countries such as China, India, Thailand, and Indonesia are seeing rapid population expansion. As a result, such countries' present water supplies are likely to be depleted sooner rather than later. China is putting a larger emphasis on better resource management, and as a result, demand for progressing cavity pumps in the Asia Pacific area is being driven by the growth of the Chinese water and wastewater industry. Similarly, India's water and wastewater business is booming because of substantial government assistance. In India, the launch of the Atal Mission for Rejuvenation and Urban Transformation (AMRUT), a 5-year plan to develop essential infrastructures, including access to water & wastewater treatment, is likely to propel the demand for progressing cavity pumps in the country.
Climate change mitigation is also a major concern for nations like Vietnam, which are particularly vulnerable to its effects, and significant investment is needed to strengthen the resilience of the current water supply infrastructure. The increased salinity of groundwater supplies in cities like Bangkok, Jakarta, Saigon, and the Pacific Islands, combined with uncertain droughts, is generating a market for localized brackish water desalination for commercial and industrial customers, which is projected to drive demand for progressing cavity pumps.
Challenges: Availability of low-quality and cost-effective products from local market players
The presence of both the progressive cavity pump manufacturers and the unorganized players who operate locally have built a high competitive for the global market for progressing cavity pumps. This competitive scenario is majorly observed in developing countries such as Asia Pacific and South America regions. The availability of substandard and replica spare parts or the entire progressive cavity pumps which are offered at low prices than the quality products provided by the progressive cavity pump manufacturers is one of the major problem that is challenging global players. Competition from both local and gray market players is a peculiar problem faced by global players.
Market Trends
Market Ecosystem
The up to 50 hp segment, by power rating, is expected to witness the fastest growth during forecast period
The up to 50 hp segment is expected to register the highest CAGR during the forecast period. Progressing cavity pumps are widely used in wastewater treatment plants, oil & gas, food & beverage, chemicals & petrochemicals which involves handling chemicals, sludges, food waste which contain viscous, abrasive materials, etc. The up to 50 hp progressing cavity pumps are feasible in handling these tough pumping applications. This is rising the demand for progressing cavity pumps in the power rating of up to 50 hp in various industries.
By pumping capacity, the up to 500 GPM segment is expected to be the largest and fastest market segment in the global progressing cavity pump market during the forecast period
By pumping capacity, the progressing cavity pump market has been segmented into up to 500 GPM, 501–1,000 GPM, and above 1000 GPM. The up to 500 GPM, is expected to be the largest and fastest-growing segment during the forecast period. Any of the pumps falling under these three sub segments can be used for various applications. But, it depends on the requirement of the industry and feasibility of the pump in that operation. The pumps with capacity up to 500 GPM are preferred due to their versatility in operations, mainly in food & beverages. These pumps offer non-pulsating flow with less power consumption and are suitable for contamination avoidance, dosing and metering applications in food & beverage industry.
Chemicals & petrochemicals segment is expected to emerge as the second fastest segment based on end-user industry
The progressing cavity pump market has been segmented on the basis of end-user industry into oil & gas, water & wastewater treatment, food & beverages, chemicals & petrochemicals, and others. The others segment includes mining, paper & pulp, construction & building, marine & defense, and power. The chemicals & petrochemicals segment is expected to hold the second fastest market owing to the growing use of polyethylene and polypropylene, and other plastics like polystyrene, and polyvinyl chloride has been increasing as these plastics have a broad range of applications, including usage in buildings, transportation, packaging, electrical/electronic, and health care applications. The increasing demand for chemicals & petrochemicals is driving the demand for progressing cavity pumps.
Asia Pacific: The largest and fastest progressing cavity pump market
Asia Pacific is expected to dominate the global progressing cavity pump market between 2022–2027, followed by North America and Europe. The market in Asia Pacific is witnessing significant developments regions such as in China, India, Thailand, Malaysia in the oil & gas explorations and the mining activities which has supported the demand for progressing cavity pumps. The increasing investments in the wastewater treatment plants and food & beverages industries especially in Australia and Japan is driving the demand for progressing cavity pumps .
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Key Market Players
The progressing cavity pump market is dominated by a few major players that have a wide regional presence. The major players in the market are NOV (US), NETZSCH (Germany), SEEPEX (Germany), CIRCOR International (US), Schlumberger (US), PCM (France) Sulzer (Switzerland), ChampionX (US), Borets International (UAE), Roto Pumps (India), Wilo (Germany), SynoPumps (India), and Nova Rotors (Italy). Between 2017 and 2022, the companies adopted growth strategies such as investments, expansions, product launches, sales contracts, agreements, mergers, acquisitions, collaborations, partnerships, and joint ventures to capture a larger share of the progressing cavity pump market.
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|
Report Metric |
Details |
|
Market size available for years |
2020–2027 |
|
Base year considered |
2021 |
|
Forecast period |
2022–2027 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Product Type, Stage Type, Power Rating, Pumping Capacity, End-user Industry, and Region |
|
Geographies covered |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
|
Companies covered |
NOV (US), NETZSCH (Germany), SEEPEX (Germany), PCM (France), CIRCOR International (US), Schlumberger (US), ChampionX (US), Xylem (US), Sulzer (Switzerland), Borets International (UAE), Wilo (Germany), Verder Liquids (Netherlands), Varisco (Italy), Nova Rotors (Italy), Roto Pumps (India), INOXPA (Spain), Shanghai GL Environmental Technology (China), Zhejiang YONJOU Technology (China), Hangzhou Xinglong Pump Industry (China), Shanghai Pacific Pump Manufacture (China), PSP Pumps (India), Synopumps (India) |
This research report categorizes the progressing cavity pump market by Product Type, Stage Type, Power Rating, Pumping Capacity, End-user Industry, and Region
On the basis of power rating, the progressing cavity pump market has been segmented as follows:
- Up to 50 hp
- 51–150 hp
- Above 150 hp
On the basis of by pumping capacity, the progressing cavity pump market has been segmented as follows:
- Up to 500 GPM
- 501–1,000 GPM
- Above 1,000 GPM
On the basis of by end-user industry, the progressing cavity pump market has been segmented as follows:
- Oil & Gas
- Water & Wastewater Treatment
- Food & Beverages
- Chemicals & Petrochemicals
- Others (Mining, Paper & Pulp, Construction & Building, Marine & Defense, and Power)
On the basis of product type, the progressing cavity pump market has been segmented as follows:
- Dosing Pump
- Flanged Pump
- Hopper Pump
- Food Grade (EHEDGE / 3A certified)
- Food Grade (non-certified)
- Vertical Pump
- Downhole Pump
On the basis of stage type, the progressing cavity pump market has been segmented as follows:
- Single stage (90 psi)
- Double stage (180 psi)
- Four stage (360 psi)
- Eight stage (720 psi)
On the basis of region, the progressing cavity pump market has been segmented as follows:
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- South America
Recent Developments
- In April 2022, NOV is expanding the availability of its Low Flow Metering Range Pump. The pumps are required for either intermittent or continuous dosing and have a high tolerance to aggressive chemicals. The pump can be used for a wide range of applications and products, including acids and alkalis, wastewater chemical injection, chemical processing for various industries, and the pharmaceutical industry.
- In January 2022, NETZSCH began the construction of the new production in Brazil. The new plant will be located in Ribeirão Souto near the current facilities in the central area of Pomerode, in Santa Catarina. The new plant in South America will take over the entire production of multi-screw pumps. Furthermore, the operation of the plant will allow the expansion of the company's manufacturing of the other product lines.
- In March 2022, EEPEX entered into an agreement to supply CarboNet, a specialty chemicals company, with pumps for its water treatment solution, NanoNet Fe. The NanoNet Fe is a solution for onsite, industrial-produced water treatment that reduces the amount of chemicals and time required to treat water safely.
- In August 2020, PCM Artificial Lift Solutions, a subsidiary of PCM, acquired Halliburton’s Canadian Progressive Cavity Pump Business Line known as Europump. Europump provides progressive cavity pumps (PCPs), surface equipment (both hydraulic and electric packages), field services, and technical support for the oil & gas industry.
- In April 2022, NOV is expanding the availability of its Low Flow Metering Range Pump. The pumps are required for either intermittent or continuous dosing and have a high tolerance to aggressive chemicals. The pump can be used for a wide range of applications and products, including acids and alkalis, wastewater chemical injection, chemical processing for various industries, and the pharmaceutical industry.
Frequently Asked Questions(FAQs):
What is the current size of the progressing cavity pump market?
The current market size of global progressing cavity pump market is USD 2.2 billion in 2022.
What is the major drivers for progressing cavity pump market?
The global progressing cavity pump market is driven by the increasing deployment in the water & wastewater treatment plants, especially in developing countries. The increasing investments in the oil & gas explorations is also fueling demand for progressive cavity pumps.
Which is the fastest-growing region during the forecasted period in progressing cavity pump market?
Asia Pacific is the fastest-growing region during the forecasted period owing the high egrowth rate in India due to government initiatives to increases investments in the manufacturing sector industry which has led to an increase in the demand for progressive cavity pumps.
Which is the fastest-growing segment, by power rating during the forecasted period in progressing cavity pump market?
The up to 50 hp segment is witnessing a high demand during the forecasted period owing the ease of handling various fluids and help in tough pumps applications in various industries such as wastewater treatment, food & beverages, and chemicals. This feasibility of usage in tough pump applications is boosting the up to 50 hp progressive cavity pump market.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 27)
1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
1.3.1 PROGRESSING CAVITY PUMP MARKET, BY POWER RATING: INCLUSIONS & EXCLUSIONS
1.3.2 MARKET, BY PUMPING CAPACITY: INCLUSIONS & EXCLUSIONS
1.3.3 MARKET, BY END-USER INDUSTRY: INCLUSIONS & EXCLUSIONS
1.4 MARKET SCOPE
1.4.1 MARKET SEGMENTATION
1.4.2 REGIONAL SCOPE
1.5 YEARS CONSIDERED
1.6 CURRENCY
1.7 LIMITATIONS
1.8 STAKEHOLDERS
1.9 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 34)
2.1 RESEARCH DATA
FIGURE 1 MARKET: RESEARCH DESIGN
2.2 IMPACT OF COVID-19 ON INDUSTRY
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 2 DATA TRIANGULATION METHODOLOGY
2.3.1 SECONDARY DATA
2.3.1.1 Key data from secondary sources
2.3.2 PRIMARY DATA
2.3.2.1 Key data from primary sources
2.3.2.2 Breakdown of primary interviews
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
2.4 SCOPE
2.5 MARKET SIZE ESTIMATION
2.5.1 BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.5.2 TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.5.3 IDEAL DEMAND-SIDE ANALYSIS
2.6 DEMAND-SIDE METRICS
FIGURE 6 MAIN METRICS CONSIDERED WHILE ASSESSING DEMAND FOR PROGRESSING CAVITY PUMPS
2.6.1 DEMAND-SIDE CALCULATION
2.6.2 ASSUMPTIONS FOR DEMAND-SIDE ANALYSIS
2.6.3 SUPPLY-SIDE ANALYSIS
FIGURE 7 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF PROGRESSING CAVITY PUMPS
FIGURE 8 MARKET: SUPPLY-SIDE ANALYSIS
2.6.3.1 Calculations for supply-side
2.6.3.2 Assumptions for supply-side
FIGURE 9 COMPANY REVENUE ANALYSIS, 2020
2.6.4 FORECAST
3 EXECUTIVE SUMMARY (Page No. - 46)
TABLE 1 PROGRESSING CAVITY PUMP MARKET SNAPSHOT
FIGURE 10 ASIA PACIFIC LED MARKET
FIGURE 11 UP TO 50 HP POWER RATING LED MARKET
FIGURE 12 WATER & WASTEWATER TREATMENT INDUSTRY CONTINUES TO ACCOUNT FOR LARGEST SIZE OF PROGRESSING CAVITY PUMPS MARKET
FIGURE 13 UP TO 500 GPM PUMPING CAPACITY TO CONTINUE TO HOLD LARGEST SIZE OF MARKET
4 PREMIUM INSIGHTS (Page No. - 50)
4.1 ATTRACTIVE OPPORTUNITIES FOR MARKET
FIGURE 14 GROWING INVESTMENT IN OIL & GAS EXPLORATION AND INCREASING DEMAND FOR WATER & WASTEWATER TREATMENT TO DRIVE MARKET
4.2 MARKET, BY REGION
FIGURE 15 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
4.3 MARKET IN ASIA PACIFIC, BY END-USER INDUSTRY AND COUNTRY
FIGURE 16 WATER & WASTEWATER TREATMENT INDUSTRY AND CHINA LED ASIA PACIFIC MARKET
4.4 MARKET, BY POWER RATING
FIGURE 17 UP TO 50 HP POWER RATING TO ACCOUNT FOR MAXIMUM SHARE OF MARKET IN 2027
4.5 MARKET, BY PUMPING CAPACITY
FIGURE 18 UP TO 500 GPM PUMPING CAPACITY TO ACCOUNT FOR LARGEST SHARE OF MARKET IN 2027
4.6 MARKET, BY END-USER INDUSTRY
FIGURE 19 WATER & WASTEWATER TREATMENT INDUSTRY TO ACCOUNT FOR LARGEST SHARE IN 2027
5 MARKET OVERVIEW (Page No. - 54)
5.1 INTRODUCTION
5.2 COVID-19 HEALTH ASSESSMENT
FIGURE 20 COVID-19 GLOBAL PROPAGATION
FIGURE 21 COVID-19 PROPAGATION IN SELECT COUNTRIES
5.3 COVID-19 ECONOMIC ASSESSMENT
FIGURE 22 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2021
5.4 MARKET DYNAMICS
FIGURE 23 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN MARKET
5.4.1 DRIVERS
5.4.1.1 Demand for usage of progressing cavity pumps in oil recovery and other upstream processes
FIGURE 24 GLOBAL INVESTMENTS IN UPSTREAM OIL & GAS SECTOR, 2015–2021 (USD BILLION)
5.4.1.2 Increasing need for water & wastewater treatment in developed countries
5.4.2 RESTRAINTS
5.4.2.1 Maintenance costs associated with conventional progressing cavity pumps
5.4.2.2 Global climate change actions to affect demand for progressing cavity pumps in oil & gas industry
FIGURE 25 RENEWABLE ENERGY CAPACITY ADDITION, 2016–2021
FIGURE 26 TRENDS OF RENEWABLE AND NON-RENEWABLES CAPACITIES, 2016–2021
5.4.3 OPPORTUNITIES
5.4.3.1 Focus of countries on improving water & wastewater management practices associated with increased investments for developing wastewater treatment plants
TABLE 2 WATER & WASTEWATER MANAGEMENT PROJECTS IN ASIA PACIFIC
5.4.3.2 Rise in investments in food & beverage industry
FIGURE 27 CAPITAL EXPENDITURE BY TOP 100 COMPANIES IN FOOD & BEVERAGE INDUSTRY, 2016–2021 (USD BILLION)
5.4.4 CHALLENGES
5.4.4.1 Availability of low-quality and cost-effective products from local market players
5.4.4.2 Availability of substitutes for progressing cavity pumps, specifically for use in oil & gas industry
5.5 PORTER’S FIVE FORCES ANALYSIS
FIGURE 28 MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 3 MARKET: PORTER’S FIVE FORCES ANALYSIS
5.5.1 THREAT OF SUBSTITUTES
5.5.2 BARGAINING POWER OF SUPPLIERS
5.5.3 BARGAINING POWER OF BUYERS
5.5.4 THREAT OF NEW ENTRANTS
5.5.5 DEGREE OF COMPETITION
5.6 AVERAGE PRICING OF PROGRESSING CAVITY PUMPS
5.7 VALUE CHAIN ANALYSIS
FIGURE 29 MARKET MAP FOR PROGRESSING CAVITY PUMPS
5.7.1 RAW MATERIAL PROVIDERS/SUPPLIERS
5.7.2 COMPONENT MANUFACTURERS
5.7.3 ASSEMBLERS/MANUFACTURERS
5.7.4 DISTRIBUTORS (BUYERS)/END USERS
5.8 TRENDS/DISRUPTIONS IMPACT CUSTOMERS BUSINESS
5.8.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PROGRESSING CAVITY PUMP MANUFACTURERS
FIGURE 30 REVENUE SHIFT FOR PROGRESSING CAVITY PUMPS
5.9 TECHNOLOGICAL ANALYSIS
5.9.1 SINGLE SCREW PUMPS
5.9.2 SMART CONVEYING TECHNOLOGY PROGRESSING CAVITY PUMP
5.10 MARKET MAP
FIGURE 31 MARKET MAP FOR PROGRESSING CAVITY PUMP
5.11 INNOVATIONS & PATENT REGISTRATIONS
5.12 TRADE DATA STATISTICS
TABLE 4 IMPORT DATA FOR ROTARY PUMPS, 2019–2021 (USD MILLION)
5.12.1 EXPORT DATA FOR ROTARY PUMPS, 2019–2021 (USD MILLION)
5.13 CASE STUDY ANALYSIS
5.13.1 NOV MOYNO PUMPS UNSCATHED AFTER DRAINING UNTREATED WASTEWATER IN HYPERION WATER RECLAMATION PLANT IN LOS ANGELES, 2021
5.13.1.1 Problem statement
5.13.1.2 Solution
5.13.2 CHAMPIONX HELPED AN OPERATOR IN COLOMBIA TO INTRODUCE NEW TECHNOLOGY FOR ENHANCED OIL RECOVERY, 2019
5.13.2.1 Problem statement
5.13.2.2 Solution
TABLE 5 COST VARIATION BEFORE AND AFTER PROGRESSING CAVITY PUMP SOLUTION IMPLEMENTATION
5.13.3 NETZSCH PROVIDED ITS PROGRESSING CAVITY PUMPS TO A GERMAN ENERGY SUPPLIER IN GAS EXTRACTION, 2018
5.13.3.1 Problem statement
5.13.3.2 Solution
5.14 TARIFFS, CODES, AND REGULATIONS
5.14.1 TARIFFS RELATED TO ROTARY PUMPS
TABLE 6 IMPORT TARIFFS FOR HS 841360, ROTARY PUMPS
5.14.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 7 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14.3 CODES AND REGULATIONS RELATED TO POSITIVE DISPLACEMENT PUMPS
TABLE 12 PROGRESSING CAVITY PUMP: CODES AND REGULATIONS
5.14.4 REGULATORY LANDSCAPE
5.14.4.1 Regulatory framework for progressing cavity pumps used in food & beverage industry
5.14.4.2 Regulatory framework for progressing cavity pumps used in oil & gas industry (API 676)
6 PROGRESSING CAVITY PUMP MARKET, BY POWER RATING (Page No. - 81)
6.1 INTRODUCTION
FIGURE 32 MARKET, BY POWER RATINGS, 2021
TABLE 13 MARKET, BY POWER RATING, 2020–2027 (USD MILLION)
6.2 UP TO 50 HP
6.2.1 INCREASE IN USAGE OF PCPS, WHICH ARE RATED UP TO 50 HP IN TOUGH PUMPING APPLICATIONS
TABLE 14 UP TO 50 HP: MARKET, BY REGION, 2020–2027 (USD MILLION)
6.3 51–150 HP
6.3.1 RISE IN USAGE OF PCPS RATED IN RANGE OF 51–150 HP TO INCREASE DEMAND IN VARIOUS INDUSTRIES
TABLE 15 51–150 HP: MARKET, BY REGION, 2020–2027 (USD MILLION)
6.4 ABOVE 150 HP
6.4.1 USAGE OF PCPS RATED ABOVE 150 HP FOR APPLICATIONS IN UNCONVENTIONAL OIL & GAS WELLS
TABLE 16 ABOVE 150 HP: MARKET, BY REGION, 2020–2027 (USD MILLION)
7 PROGRESSING CAVITY PUMP MARKET, BY PUMPING CAPACITY (Page No. - 86)
7.1 INTRODUCTION
FIGURE 33 MARKET, BY PUMPING CAPACITY, 2021
TABLE 17 MARKET, BY PUMPING CAPACITY, 2020–2027 (USD MILLION)
7.2 UP TO 500 GPM
7.2.1 INCREASED REQUIREMENT FOR PCPS IN FOOD & BEVERAGE INDUSTRY WITH PUMPING CAPACITIES IN RANGE UP TO 500 GPM IS FUELING GROWTH OF THIS SEGMENT
TABLE 18 UP TO 500 GPM: MARKET, BY REGION, 2020–2027 (USD MILLION)
7.3 501–1,000 GPM
7.3.1 RISING INVESTMENTS IN WASTEWATER TREATMENT INDUSTRY FUELING DEMAND FOR PCPS WITH PUMPING CAPACITY IN RANGE OF 501–1,000 GPM
TABLE 19 501–1,000 GPM: MARKET, BY REGION, 2020–2027 (USD MILLION)
7.4 ABOVE 1,000 GPM
7.4.1 GROWING REQUIREMENT FOR PCPS ABOVE 1,000 GPM IN OIL & GAS AND CHEMICAL PROCESSING APPLICATIONS DRIVING THIS SEGMENT
TABLE 20 ABOVE 1,000 GPM: MARKET, BY REGION, 2020–2027 (USD MILLION)
8 PROGRESSING CAVITY PUMP MARKET, BY END-USER INDUSTRY (Page No. - 91)
8.1 INTRODUCTION
FIGURE 34 MARKET, BY END-USER INDUSTRY, 2021
TABLE 21 MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
8.2 OIL & GAS
8.2.1 INCREASING INVESTMENTS IN OIL RECOVERY PROJECTS GENERATING DEMAND FOR PROGRESSING CAVITY PUMPS
TABLE 22 OIL & GAS: MARKET, BY REGION, 2020–2027 (USD MILLION)
8.3 WATER & WASTEWATER TREATMENT
8.3.1 DEMAND FOR PROGRESSING CAVITY PUMPS IN WASTEWATER TREATMENT PROCESSES IN DEVELOPING COUNTRIES IS FUELING MARKET
TABLE 23 WATER & WASTEWATER TREATMENT: MARKET, BY REGION, 2020–2027 (USD MILLION)
8.4 FOOD & BEVERAGE
8.4.1 INCREASING REQUIREMENT FOR PCPS IN FOOD & BEVERAGES INDUSTRY FUELING MARKET
TABLE 24 FOOD & BEVERAGE: MARKET, BY REGION, 2020–2027 (USD MILLION)
8.5 CHEMICALS & PETROCHEMICALS
8.5.1 RISING DEMAND FOR PETROCHEMICALS AND PROCESSED CHEMICALS BOOSTING MARKET
TABLE 25 CHEMICALS & PETROCHEMICALS: MARKET, BY REGION, 2020–2027 (USD MILLION)
8.6 OTHERS
TABLE 26 OTHERS: MARKET, BY REGION, 2020–2027 (USD MILLION)
9 PROGRESSING CAVITY PUMP MARKET, BY PRODUCT TYPE (Page No. - 98)
9.1 INTRODUCTION
9.2 DOSING PUMP
9.2.1 INCREASING INVESTMENT IN FOOD & BEVERAGE INDUSTRIES FUELING DEMAND FOR DOSING PUMPS
9.3 FLANGED PUMP
9.3.1 FEASIBILITY OF FLANGES TO FACILITATE MAINTENANCE OPERATIONS IN VARIOUS APPLICATIONS ATTRIBUTES TO DEMAND FOR FLANGED PUMP
9.4 HOPPER PUMP
9.4.1 SHIFT TOWARD CLEAN INITIATIVES EXPECTED TO FUEL DEMAND FOR HOPPER PUMPS
9.5 FOOD GRADE (EHEDG/3A CERTIFIED)
9.5.1 STRINGENT REGULATIONS ON FOOD SAFETY MANAGEMENT BOOSTING FOOD-GRADE (EHEDG/3A CERTIFIED) PUMP MARKET
9.6 FOOD GRADE (NON-CERTIFIED)
9.6.1 HIGH-COST CERTIFIED PRODUCTS AND LACK OF KNOWLEDGE REGARDING CERTIFIED PRODUCTS ATTRIBUTES TO USE OF FOOD-GRADE (NON-CERTIFIED) PUMPS
9.7 VERTICAL PUMP
9.7.1 INVESTMENT IN UPSTREAM PROCESSES EXPECTED TO INCREASE DEMAND FOR VERTICAL PUMPS
9.8 DOWNHOLE PUMP
9.8.1 DEMAND FOR DOWNHOLE PUMPS IN OIL RECOVERY PROCESSES EXPECTED TO BOOST MARKET
10 PROGRESSING CAVITY PUMP MARKET, BY STAGE TYPE (Page No. - 102)
10.1 INTRODUCTION
10.2 SINGLE-STAGE (90-PSI)
10.2.1 EASY FLOW REQUIREMENT DRIVING DEMAND FOR SINGLE-STAGE PUMPS
10.3 DOUBLE STAGE (180-PSI)
10.3.1 APPLICATIONS INVOLVING THIN TO HIGH VISCOSITY PRODUCTS PROMOTING DOUBLE-STAGE PUMPS
10.4 FOUR STAGE (360-PSI)
10.4.1 VERSATILITY OF USAGE IN VARIOUS SECTORS FOR CONVEYING AND DOSING APPLICATIONS IS FUELING FOUR-STAGE PUMPS GROWTH
10.5 EIGHT-STAGE (720-PSI)
10.5.1 USAGE IN CONVEYING AND DOSING HIGH VISCOUS PRODUCTS PROMOTING EIGHT-STAGE PUMPS GROWTH
11 REGIONAL ANALYSIS (Page No. - 105)
11.1 INTRODUCTION
FIGURE 35 REGIONAL CAGR SNAPSHOT (2022–2027): MARKET TO EXPERIENCE GROWTH SPURTS IN ASIA PACIFIC DURING FORECAST PERIOD
FIGURE 36 ASIA PACIFIC HELD LARGEST SHARE OF MARKET IN 2021
TABLE 27 MARKET SIZE, BY REGION, 2020–2027 (USD MILLION)
11.2 ASIA PACIFIC
FIGURE 37 SNAPSHOT: ASIA PACIFIC MARKET
11.2.1 BY POWER RATING
TABLE 28 ASIA PACIFIC: MARKET, BY POWER RATING, 2020–2027 (USD MILLION)
11.2.2 BY PUMPING CAPACITY
TABLE 29 ASIA PACIFIC: MARKET, BY PUMPING CAPACITY, 2020–2027 (USD MILLION)
11.2.3 BY END-USER INDUSTRY
TABLE 30 ASIA PACIFIC: MARKET SIZE, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
11.2.4 BY COUNTRY
TABLE 31 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
11.2.4.1 China
11.2.4.1.1 LNG capacity addition and growth of mining industry to fuel market growth of progressing cavity pumps in China
TABLE 32 CHINA: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
11.2.4.2 India
11.2.4.2.1 Government initiative to increase investments in manufacturing sector to fuel market
TABLE 33 INDIA: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
11.2.4.3 Australia
11.2.4.3.1 Industry-friendly government policies for lithium mining and water & wastewater treatment to drive market
TABLE 34 AUSTRALIA: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
11.2.4.4 Japan
11.2.4.4.1 Demand for LNG and increasing investment in food & beverage sector to drive market
TABLE 35 JAPAN: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
11.2.4.5 Rest of Asia Pacific
TABLE 36 REST OF ASIA PACIFIC: MARKET, BY END-USER INDUSTRY 2020–2027 (USD MILLION)
11.3 NORTH AMERICA
FIGURE 38 SNAPSHOT: NORTH AMERICAN MARKET
11.3.1 BY POWER RATING
TABLE 37 NORTH AMERICA: MARKET, BY POWER RATING, 2020–2027 (USD MILLION)
11.3.2 BY PUMPING CAPACITY
TABLE 38 NORTH AMERICA: MARKET, BY PUMPING CAPACITY, 2020–2027 (USD MILLION)
11.3.3 BY END-USER INDUSTRY
TABLE 39 NORTH AMERICA: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
11.3.4 BY COUNTRY
TABLE 40 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
11.3.4.1 US
11.3.4.1.1 Surge in demand for oil & gas and food & beverage to drive market in US
TABLE 41 US: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
11.3.4.2 Canada
11.3.4.2.1 Increasing focus on oil & gas and water treatment plants expected to boost demand for progressing cavity pumps in Canada
TABLE 42 CANADA: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
11.3.4.3 Mexico
11.3.4.3.1 Increasing investments in oil & gas and water & wastewater treatment industry to drive market in Mexico
TABLE 43 MEXICO: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
11.4 EUROPE
11.4.1 BY POWER RATING
TABLE 44 EUROPE: MARKET, BY POWER RATING, 2020–2027 (USD MILLION)
11.4.2 BY PUMPING CAPACITY
TABLE 45 EUROPE: MARKET, BY PUMPING CAPACITY, 2020–2027 (USD MILLION)
11.4.3 BY END-USER INDUSTRY
TABLE 46 EUROPE: MARKET SIZE, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
11.4.4 BY COUNTRY
TABLE 47 EUROPE: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
11.4.4.1 UK
11.4.4.1.1 Growing demand for LNG market to increase deployment of progressing cavity pump in UK
TABLE 48 UK: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
11.4.4.2 France
11.4.4.2.1 Rising demand for carbon fiber in chemicals industry to lead to increased deployment of progressing cavity pump
TABLE 49 FRANCE: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
11.4.4.3 Germany
11.4.4.3.1 Growth of water & wastewater industry and chemicals industry to drive progressing cavity pump market in Germany
TABLE 50 GERMANY: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
11.4.4.4 Russia
11.4.4.4.1 Increasing production of oil and mining activities to lead to growth of progressing cavity pump market in Russia
TABLE 51 RUSSIA: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
11.4.5 REST OF EUROPE
TABLE 52 REST OF EUROPE: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
11.5 MIDDLE EAST & AFRICA
11.5.1 BY POWER RATING
TABLE 53 MIDDLE EAST & AFRICA: MARKET, BY POWER RATING, 2020–2027 (USD MILLION)
11.5.2 BY PUMPING CAPACITY
TABLE 54 MIDDLE EAST & AFRICA: MARKET, BY PUMPING CAPACITY, 2020–2027 (USD MILLION)
11.5.3 BY END-USER INDUSTRY
TABLE 55 MIDDLE EAST & AFRICA: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
11.5.4 BY COUNTRY
TABLE 56 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
11.5.4.1 Saudi Arabia
11.5.4.1.1 Investments in oil & gas sector expected to drive demand for progressing cavity pump
TABLE 57 SAUDI ARABIA: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
11.5.4.2 Oman
11.5.4.2.1 Increasing investment in water treatment plants and developments in oil & gas sector to drive market growth
TABLE 58 OMAN: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
11.5.4.3 UAE
11.5.4.3.1 Rising investment in petrochemicals refineries and water treatment projects expected to raise demand for PCPs
TABLE 59 UAE: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
11.5.4.4 Nigeria
11.5.4.4.1 Investments in water treatment and increased oil & gas production expected to drive market for progressing cavity pumps
TABLE 60 NIGERIA: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
11.5.4.5 Rest of Middle East & Africa
TABLE 61 REST OF MIDDLE EAST & AFRICA: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
11.6 SOUTH AMERICA
11.6.1 BY POWER RATING
TABLE 62 SOUTH AMERICA: MARKET, BY POWER RATING, 2020–2027 (USD MILLION)
11.6.2 BY PUMPING CAPACITY
TABLE 63 SOUTH AMERICA: MARKET, BY PUMPING CAPACITY, 2020–2027 (USD MILLION)
11.6.3 BY END-USER INDUSTRY
TABLE 64 SOUTH AMERICA: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
11.6.4 BY COUNTRY
TABLE 65 SOUTH AMERICA: MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
11.6.4.1 Brazil
11.6.4.1.1 Initiatives to improve sanitation services favor growth of progressing cavity pumps in Brazil
TABLE 66 BRAZIL: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
11.6.4.2 Argentina
11.6.4.2.1 Oil & gas and other sectors generating demand for PCPs
TABLE 67 ARGENTINA: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
11.6.4.3 Rest of South America
TABLE 68 REST OF SOUTH AMERICA: MARKET, BY END-USER INDUSTRY, 2020–2027 (USD MILLION)
12 COMPETITIVE LANDSCAPE (Page No. - 139)
12.1 KEY PLAYERS STRATEGIES
TABLE 69 OVERVIEW OF KEY STRATEGIES DEPLOYED BY TOP SIX PLAYERS, JANUARY 2017–JUNE 2022
12.2 MARKET SHARE ANALYSIS OF TOP SIX PLAYERS
TABLE 70 MARKET: DEGREE OF COMPETITION
FIGURE 39 MARKET SHARE ANALYSIS, 2020
12.3 REVENUE ANALYSIS OF TOP KEY MARKET PLAYERS
FIGURE 40 TOP KEY PLAYERS IN MARKET FROM 2016 TO 2020
12.4 COMPANY EVALUATION QUADRANT
12.4.1 STAR
12.4.2 PERVASIVE
12.4.3 EMERGING LEADER
12.4.4 PARTICIPANT
FIGURE 41 COMPETITIVE LEADERSHIP MAPPING: MARKET, 2021
TABLE 71 PUMPING CAPACITY FOOTPRINT OF COMPANIES
TABLE 72 END-USER FOOTPRINT OF COMPANIES
TABLE 73 REGIONAL FOOTPRINT OF COMPANIES
TABLE 74 OVERALL FOOTPRINT OF COMPANIES
12.5 COMPETITIVE SCENARIO
TABLE 75 MARKET: PRODUCT LAUNCHES, JANUARY 2018–APRIL 2022
TABLE 76 MARKET: DEALS, AUGUST 2020–MARCH 2022
TABLE 77 MARKET: OTHERS, FEBRUARY 2020–APRIL 2022
13 COMPANY PROFILES (Page No. - 153)
(Business Overview, Business and Financial Overview, Recent Developments, and MnM View)*
13.1 KEY PLAYERS
13.1.1 NETZSCH
TABLE 78 NETZSCH: BUSINESS OVERVIEW
FIGURE 42 NETZSCH: COMPANY SNAPSHOT, 2020
TABLE 79 NETZSCH: PRODUCTS OFFERED
TABLE 80 NETZSCH: OTHERS
13.1.2 SEEPEX
TABLE 81 SEEPEX: BUSINESS OVERVIEW
FIGURE 43 SEEPEX: COMPANY SNAPSHOT, 2021
TABLE 82 SEEPEX: PRODUCTS OFFERED
TABLE 83 SEEPEX: PRODUCT LAUNCHES
TABLE 84 SEEPEX: DEALS
TABLE 85 SEEPEX: OTHERS
13.1.3 PCM
TABLE 86 PCM: BUSINESS OVERVIEW
TABLE 87 PCM: PRODUCTS OFFERED
TABLE 88 PCM: PRODUCT LAUNCHES
TABLE 89 PCM: DEALS
TABLE 90 PCM: OTHERS
13.1.4 NOV
TABLE 91 NOV: BUSINESS OVERVIEW
FIGURE 44 NOV: COMPANY SNAPSHOT, 2021
TABLE 92 NOV: PRODUCTS OFFERED
TABLE 93 NOV: PRODUCT LAUNCHES
TABLE 94 NOV: DEALS
13.1.5 CIRCOR INTERNATIONAL
TABLE 95 CIRCOR INTERNATIONAL: BUSINESS OVERVIEW
FIGURE 45 CIRCOR INTERNATIONAL: COMPANY SNAPSHOT, 2020
TABLE 96 CIRCOR INTERNATIONAL: PRODUCTS OFFERED
TABLE 97 CIRCOR INTERNATIONAL: PRODUCT LAUNCHES
TABLE 98 CIRCOR INTERNATIONAL: DEALS
TABLE 99 CIRCOR INTERNATIONAL: OTHERS
13.1.6 CHAMPIONX
TABLE 100 CHAMPIONX: BUSINESS OVERVIEW
FIGURE 46 CHAMPIONX: COMPANY SNAPSHOT, 2021
TABLE 101 CHAMPIONX: PRODUCTS OFFERED
TABLE 102 CHAMPIONX: DEALS
13.1.7 XYLEM
TABLE 103 XYLEM: BUSINESS OVERVIEW
FIGURE 47 XYLEM: COMPANY SNAPSHOT, 2021
TABLE 104 XYLEM: PRODUCTS OFFERED
TABLE 105 XYLEM: PRODUCT LAUNCHES
TABLE 106 XYLEM: DEALS
TABLE 107 XYLEM: OTHERS
13.1.8 SULZER
TABLE 108 SULZER: BUSINESS OVERVIEW
FIGURE 48 SULZER: COMPANY SNAPSHOT, 2021
TABLE 109 SULZER: PRODUCTS OFFERED
TABLE 110 SULZER: PRODUCT LAUNCHES
TABLE 111 SULZER: DEALS
TABLE 112 SULZER: OTHERS
13.1.9 SCHLUMBERGER
TABLE 113 SCHLUMBERGER: BUSINESS OVERVIEW
FIGURE 49 SCHLUMBERGER: COMPANY SNAPSHOT, 2021
TABLE 114 SCHLUMBERGER: PRODUCTS OFFERED
TABLE 115 SCHLUMBERGER: PRODUCT LAUNCHES
TABLE 116 SCHLUMBERGER: DEALS
TABLE 117 SCHLUMBERGER: OTHERS
13.1.10 BORETS INTERNATIONAL
TABLE 118 BORETS INTERNATIONAL: BUSINESS OVERVIEW
FIGURE 50 BORETS INTERNATIONAL: COMPANY SNAPSHOT, 2021
TABLE 119 BORETS INTERNATIONAL: PRODUCTS OFFERED
TABLE 120 BORETS INTERNATIONAL: DEALS
TABLE 121 BORETS INTERNATIONAL: OTHERS
13.1.11 WILO
TABLE 122 WILO: BUSINESS OVERVIEW
FIGURE 51 WILO: COMPANY SNAPSHOT
TABLE 123 WILO: PRODUCTS OFFERED
TABLE 124 WILO: DEALS
TABLE 125 WILO: OTHERS
13.1.12 VERDER LIQUIDS
TABLE 126 VERDER LIQUIDS: BUSINESS OVERVIEW
TABLE 127 VERDER LIQUIDS: PRODUCTS OFFERED
TABLE 128 VERDER LIQUIDS: DEALS
13.1.13 VARISCO
TABLE 129 VARISCO: BUSINESS OVERVIEW
TABLE 130 VARISCO: PRODUCTS OFFERED
13.1.14 DELTA PD PUMPS
TABLE 131 DELTA PD PUMPS: BUSINESS OVERVIEW
TABLE 132 DELTA PD PUMPS: PRODUCTS OFFERED
13.1.15 NOVA ROTORS
TABLE 133 NOVA ROTORS: BUSINESS OVERVIEW
TABLE 134 NOVA ROTORS: PRODUCTS OFFERED
13.1.16 ROTO PUMPS
TABLE 135 ROTO PUMPS: BUSINESS OVERVIEW
FIGURE 52 ROTO PUMPS: COMPANY SNAPSHOT
TABLE 136 ROTO PUMPS: PRODUCTS OFFERED
* Business Overview, Business and Financial Overview, Recent Developments, and MnM View might not be captured in case of unlisted companies.
13.2 OTHER PLAYERS
13.2.1 INOXPA
13.2.2 SHANGHAI GL ENVIRONMENTAL TECHNOLOGY
13.2.3 ZHEJIANG YONJOU TECHNOLOGY
13.2.4 HANGZHOU XINGLONG PUMP INDUSTRY
13.2.5 SHANGHAI PACIFIC PUMP MANUFACTURE (GROUP)
13.2.6 PSP PUMPS
13.2.7 SYNO PUMPS
14 APPENDIX (Page No. - 220)
14.1 INSIGHTS OF INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 AVAILABLE CUSTOMIZATIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
The study involved major activities in estimating the current size of the progressing cavity pump market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.
Secondary Research
This research study on the progressing cavity pump market involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg, Businessweek, Factiva, International Energy Agency, and BP Statistical Review of World Energy, to identify and collect information useful for a technical, market-oriented, and commercial study of the global market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research
The progressing cavity pump market comprises several stakeholders such as progressing cavity pump manufacturers, manufacturers of subcomponents of progressing cavity pumps, manufacturing technology providers, and technology support providers in the supply chain. The demand side of this market is characterized by the rising demand for progressive cavity pumps across a wide range of end users. The supply side is characterized by rising demand for contracts from the Industrial sector, investments, expansions, product launches, sales contracts, agreements, mergers, acquisitions, collaborations, partnerships, and joint ventures among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the progressing cavity pump market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
- The industry’s value chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Global Progressing cavity pump Market Size: Bottom-Up Approach
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments, the data triangulation and market breakdown processes have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand- and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.
Objectives of the Study
- To define, describe, analyze, and forecast the size of the global progressing cavity pump market, by power rating, pumping capacity, end-user industry, and region, in terms of value
- To provide detailed information on the major drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the global progressing cavity pump market
- To strategically analyze the progressing cavity pump market with respect to individual growth trends, future expansions, and contributions to the market
- To provide detailed information on market map, value chain, case studies, technologies, market ecosystem, tariff and regulatory landscape, Porter’s five forces, and trends/disruptions impacting customers’ businesses that are specific to the progressing cavity pump market
- The analyze impact of COVID-19 on the progressing cavity pump market
- To analyze market opportunities for stakeholders in the progressing cavity pump market and draw a competitive landscape for the market players
- To benchmark players within the market using the company evaluation matrix, which analyzes market players on various parameters within the broad categories of business excellence and strength of product portfolio
- To compare key market players with respect to the market share, product specifications, and end users
- To forecast the revenue of the market segments with respect to five main regions (along with countries), namely, North America, South America, Asia Pacific, Europe, and Middle East & Africa
- To strategically profile the key players and comprehensively analyze their market shares and core competencies
- To track and analyze competitive developments in the progressing cavity pumps market, such as sales contracts, agreements, investments, expansions, product launches, mergers, joint ventures, and acquisitions.
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:
Geographic Analysis
- Further breakdown of region or country-specific analysis
Company Information
- Detailed analyses and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Progressing Cavity Pump Market