Progressing Cavity Pumps Market: Introduction
A progressing cavity pump is a type of positive displacement pump, which is also known as a progressive cavity pump. Progressing cavity pumps transfer fluids through the pump by means of a sequence of small, fixed-shape, discrete cavities. This leads to the volumetric flow rate being proportional to the rotation rate and a low level of shearing being applied to the pumped fluid. Progressing cavity pumps are used in fluid metering and pumping of viscous or shear-sensitive materials. Progressing cavity pumps are installed for handling viscous fluids at high flow rates or in applications wherein high discharge pressure with a smooth flow is required.
Global Progressing Cavity Pumps Market: Segmentation
Based on power rating, the progressing cavity pumps market has been segmented into up to 50 HP, 51 HP–150 HP, and above 150 HP. The up to 50 HP segment is expected to lead the progressing cavity pumps market during the forecast period. Increase in infrastructure development and rise in the demand for industrialization worldwide are driving the progressing cavity pumps market. In terms of end-user, the progressing cavity pumps market has been divided into oil & gas, water & wastewater management, food & beverages, chemical & petrochemical, and others. The water & wastewater management segment is expected to witness significant demand for progressing cavity pumps during the forecast period. The water & wastewater management industry witnesses rising need to reduce life cycle costs and improve operating margins. This is anticipated to boost the water & wastewater management segment of the progressing cavity pumps market in the near future. Increasing demand for fresh water, liquids with higher viscosities, and clean environment is likely to drive the progressing cavity pumps market between 2018 and 2026.
Global Progressing Cavity Pumps Market: Overview
Suitability progressing cavity pumps for handling high-viscosity fluids, increasing demand from water & wastewater management and infrastructure industries in Asia Pacific are major drivers of the progressing cavity pumps market in this region. Stagnancy in the oil & gas industry and moderate-to-high maintenance costs are restraining factors for the progressing cavity pumps market. Increasing investments in water and wastewater treatment plants in developing countries are presenting growth opportunities for the progressing cavity pumps market. Increasing competition from the unorganized sector and potential substitutes such as sucker rods and centrifugal pumps will challenge the progressing cavity pumps market during forecast period.
Global Progressing Cavity Pumps Market: Regional Outlook
In terms of region, the global progressing cavity pumps has been segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa. The increased demand from the water & wastewater management sector and significant demand from other sectors such as food & beverages and chemical & petrochemical in North America are expected to drive the market in the region during the forecast period. The progressing cavity pumps market in Asia Pacific and Europe is primarily driven by increasing industrialization and rising investments in the water and wastewater treatment infrastructure in these regions. In Europe, implementation of large industrial and commercial projects and refurbishment of aging infrastructure are likely to continue to generate demand for progressing cavity pumps.
Global Progressing Cavity Pumps Market: Key Players
Key players operating in the global progressing cavity pumps market are Schlumberger Limited, National Oilwell Varco, Xylem NETZSCH, PCM, Weatherford, Halliburton, Borets, and SEEPEX Inc.
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