Press release
Progressing Cavity Pump Market 2023 | Global Industry Report, Trends, Outlook 2028
Progressing Cavity Pump Market 2023
The global progressing cavity pump market size reached US$ 5.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.14% during 2023-2028.
What is Progressing Cavity Pump?
A progressing cavity pump, also known as a screw pump, is a specific type of positive displacement pump that is widely used in various industries for handling viscous and abrasive fluids. It consists of two main components, including the helical rotor and rubber stator. It operates on a unique principle that involves the rotation of a helical rotor within a rubber stator, creating a progressing cavity that transports the liquid material from the inlet to the outlet. It can handle fluids with a high solid content, making it ideal for applications like wastewater treatment and mining. It is also capable of delivering precise and consistent flow rates, making it suitable for applications requiring accurate dosing.
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What are the growth prospects and trends in the progressing cavity Pump industry?
At present, the increasing demand for progressing cavity pumps in chemical processing units for handling corrosive and abrasive chemicals represents one of the crucial factors impelling the growth of the market.
Besides this, the rising employment of progressing cavity pumps for dewatering mines and transporting abrasive slurry is contributing to the growth of the market. In addition, the growing adoption of progressing cavity pumps in the food and beverage (F&B) sector for transferring products like dough, chocolate, and syrups without hampering their quality and consistency is offering a favorable market outlook.
Apart from this, the increasing exploration and production activities in the oil and gas sector, especially in unconventional resources like shale and tight oil, are propelling the growth of the market.
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Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Pumping Capacity:
• Up to 500 GPM
• 501-1,000 GPM
• Above 1,000 GPM
Breakup by Power Rating:
• Up to 50 HP
• 51-150 HP
• Above 1,50 HP
Breakup by End User:
• Water and Wastewater Management
• Oil and Gas
• Food and Beverages
• Chemicals and Petrochemicals
• Others
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
Some of the Top Key players in the Smart Agriculture Market
ChampionX
Circor International Inc.
Continental Pump Company Inc.
Erich NETZSCH GmbH & Co. Holding KG
Liberty Process Equipment Inc.
Nov Inc.
Nova Rotors Srl
PCM Inc. (Insight Enterprises Inc.)
Pumpenfabrik Wangen GmbH
Schlumberger Limited
Vogelsang GmbH & Co. KG
Weatherford International LLC
Xylem Inc.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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