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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Some crucial players in the market include National Oilwell Varco (NOV), Schlumberger Ltd., PCM Technologies SAS, Halliburton, and General Electric Co. These companies are adopting several strategies, such as joint venture, merger and acquisitions, geographical expansion, partnership and collaborations and product launches to expand market share. For instance, in August 2018, PCM Technologies SAS and Bolland y Cía SA signed a joint venture agreement for the formation of a joint company named PCM BOLLAND S.A. The objective of this agreement is to become a reference in offering artificial lift progressing cavity pumps systems and related services to the oil & gas market in Argentina.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- 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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