US progressing cavity pumps market is expected to witness a significant growth with the CAGR of 5.1% during the forecast period. Progressing cavity pumps are based on a positive displacement principle and are primarily designed for abrasion resistance in difficult pumping applications for a broad range of liquids and semi-solids such as crude oil, chemicals, slurry and so on. The major factors boosting the growth of the progressing cavity pumps market include inclination towards wastewater treatment process and rising demand for artificial lift systems.
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Another major factor for the growth of the market includes the rising production of petroleum products, globally, where progressing cavity pumps find the highest application. As per the US Energy Information Administration, petroleum products production in 2018 was 100 million oil barrels per day were as compared to 98.1 million oil barrel per day. A major restraint to the market includes availability of alternative to the progressing cavity pumps. At various applications, electrical submersible pumps, sucker rod pumps, and centrifugal pumps can be used as an alternative to the progressing cavity pumps.
US progressing cavity pumps market is segmented on the basis of stage type and application. Based on the stage type, the market is segmented into single stage (90-psi), double stage (180-psi), four stages (360-psi), and eight stage (720-psi rated). Based on the application, the market is segmented into oil & gas, chemical, food & beverage, water & wastewater, and others.
US 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
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Company Profiles
- Apergy Corp.
- National Oilwell Varco
- Schlumberger Ltd.
- Halliburton
- Baker Hughes, (A GE Company)
- Borets International, Ltd.
- CIRCOR International, Inc.
- Halliburton Energy Services, Inc.
- ITT Bornemann GmbH
- Liberty Process Equipment, Inc.
- Moyno, Inc.
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