Progressing cavity pumps market is expected to grow at a significant rate during the forecast period 2019-2025. Progressing cavity (PC) pumps are based on a positive displacement principle and is primarily designed for abrasion resistance in difficult pumping applications. It can be used while the pumping application is not appropriate with the use of a centrifugal pump. For instance, PC pumps are suitable when the liquid contains higher viscosity or thickness, as compared to water. In terms of PC pumps, the volumetric and mechanical efficiency goes up while the viscosity of liquid increases and produces more flow. Hence, it is ideal for liquids with higher viscosities, such as oil & gas applications.
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The major factors propelling the demand for the market include emerging focus on water and wastewater treatment process and rising oil & gas production. For instance, according to the U.S. Energy Information Administration (EIA), in December 2017, the oil production in the US reached 10.04 million b/d (barrels per day) and 10.96 b/d in July 2018. PC pumps are considered as an optimal technology for water and oil separation and prevent the formation of emulsions. It can successfully move several fluids that are used in oil & gas production and transportation. For instance, they transfer multiphase fluids from the well and transmit those fluids to collection stations. In addition, they move crude oil from onsite storage tanks to offsite storage facilities. Other PC pumps application in oil & gas processes include oil skimming, polymer feeding, refinery wastewater transfer, corrosion inhibitor injection, Induced gas flotation (IGF) skimming, closed drains pumping and so on. Due to its wide range of beneficial applications in the oil & gas industry and adoption of artificial lift method is primarily driving the demand for PC pumps in oil & gas applications.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Progressing Cavity Pumps Market Segmentation
By Stage Type
- Single Stage (90-psi)
- Double Stage (180-psi)
- Four Stage (360-psi)
- Eight Stage (720-psi rated)
By Application
- Oil & Gas
- Chemical
- Food & Beverage
- Water & Wastewater
- Other
Progressing Cavity Pumps Market – Segment by Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers:
- Comprehensive research methodology of the global progressing cavity pumps market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global progressing cavity pumps
- Insights about market determinants which are stimulating the global progressing cavity pumps market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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