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 rising sanitation services and progressing towards global sustainability goals is increasing the investments in the water & wastewater treatment plants in developing countries. And, also increase in the exploration activities in the oil & gas industry, demand for petrochemicals products, and precision dosing of additives in food and beverage industries are the key factors driving the market growth.
The progressing cavity pump market is served by a mix of large international players with operational presence across the globe and local players commanding a strong supply network in the domestic market. The leading players in the global progressing cavity pump market include NETZSCH (Germany), SEEPEX (Germany), NOV (US), CIRCOR International (US), Schlumberger (US), PCM (France).
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NETZSCH is engaged in the development and manufacturing of a wide range of machinery and instrumentation. The company provides a range of pumping products and services, including progressing cavity pumps (PCPs), rotary lobes, down holes, and dosing and barrel emptying pumps. NETZSCH operates through 3 business segments—Analyzing & Testing, Grinding & Dispersing, and Pumps & Systems. The pumps & systems segment includes offerings such as NEMO PCPs, TORNADO rotary lobe pumps, screw pumps, multi screw pumps, peristaltic pumps, macerators/grinders, dosing systems, and custom-built equipment. 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 companys manufacturing of the other product lines. NETZSCH has a wide geographic presence, with about 210 sales and production centers in 35 countries.
SEEPEX manufactures and provides progressing cavity pumps and related technologies. The company provides consultation services for various end-use industries for the appropriate selection of pumps, depending on the job site, application, and more. The types of pumps it manufactures are standard, open hopper, dosing, food-grade, semi-submersible, and seal-less. SEEPEX offers various types of progressing cavity pumps such as standard PCPs, open hopper pumps, metering pumps, food and hygienic pumps, semi-submersible pumps, and wobble pumps. In November 2020, SEEPEX launched a fully automatically adjustable progressive cavity pump, namely, SCT AutoAdjust. The progressive cavity pump is automatically adjusted to the optimal operating point from the control room or locally on-site through the SEEPEX Pump Monitor via the app. SEEPEX has 11 subsidiaries across Europe and Asia and branch offices in Germany, Austria, the Netherlands, Belgium, Sweden, Ireland, Hungary, Poland, and Spain, as well as distributors in over 70 countries.
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
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