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Global Progressing Cavity Pump Market to reach USD XX billion by the end of 2030.

Global Progressing Cavity Pump Market Size study & Forecast, by Power Capacity (Up to 500 GPM, 501 GPM - 1000 GPM, Above 1000 GPM) by Application (Oil & Gas, Water & Wastewater Management, Food & Beverages, Chemicals & Petrochemicals, Others), by Power rating (Below 50 HP, 51 HP - 150 HP, above 150 HP) and Regional Analysis, 2023-2030

Product Code: OIRIME-62116844
Publish Date: 20-12-2023
Page: 200

Global Progressing Cavity Pump Market is valued approximately at USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. A Progressing Cavity Pump is a type of positive displacement pump that moves fluid through a sequence of small, fixed-shape cavities as a helical rotor turns inside a stator. This design results in a smooth and pulsation-free flow, making PCPs suitable for various applications such as water & wastewater management, oil & gas, and more. The key factors driving the market growth are growing need for water & wastewater treatment, rising demand to enhance operational process, growing oil and gas industry, and expansion of mining industry which is anticipated to support the market growth during projected period.

Additionally, the growing oil and gas industry can have a significant impact on the Progressing Cavity Pump (PCP) market. PCPs are commonly used in the extraction and production of oil and gas. They are effective in handling viscous fluids, making them suitable for extracting heavy crude oil from reservoirs. As the oil and gas industry expands and explores new reserves, the demand for PCPs increases. According to the International Energy Agency, total oil demand across the globe was 91 million barrels per day in 2020, climbed to 99.4 million barrels per day in 2022, and is expected to reach 104.1 million barrels per day by 2026. Such an increase in oil and gas production and consumption is driving the oil and gas industry growth which is anticipated to support the market growth during the forecast period. Moreover, the growing investments in food & beverage industry is anticipated to create the lucrative opportunity for the market growth during the forecast years. However, the maintenance costs associated with progressing cavity pumps stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Progressing Cavity Pump Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the surge in the demand for oil & gas and food & beverage, rising focus on oil & gas and water treatment plants, and growing investments in oil, gas and water & wastewater treatment industry. Whereas, the Asia Pacific region is expected to grow with the highest CAGR during the forecast period, owing to factors such as the supportive initiative to increase investments in manufacturing sector, rising demand for LNG, increasing investment in food & beverage sector and rising investments in oil & gas and water & wastewater treatment industry.

Major market player included in this report are:
NOV Inc.
NETZSCH-Grinding & Dispersing Machinery GmbH
SEEPEX GmbH
PCM Group
CIRCOR International, Inc.
Schlumberger Limited
ChampionX Corporation
Xylem Inc.
Sulzer AG
Borets International LLC
Recent Developments in the Market:
Ø n April 2022, NOV is expanding the availability of its Low Flow Metering Range Pump. The pumps are required for either intermittent or continuous dosing and have a high tolerance to aggressive chemicals. The pump can be used for a wide range of applications and products, including acids and alkalis, wastewater chemical injection, chemical processing for various industries, and the pharmaceutical industry.

Global Progressing Cavity Pump Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Power Capacity, Application, Power rating, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Power Capacity:
Up to 500 GPM
501 GPM – 1000 GPM
Above 1000 GPM
By Application:
Oil & Gas
Water & Wastewater Management
Food & Beverages
Chemicals & Petrochemicals
Others
By Power rating:
Below 50 HP
51 HP – 150 HP
Above 150 HP
By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Progressing Cavity Pump Market, by region, 2020-2030 (USD Billion)
1.2.2. Progressing Cavity Pump Market, by Power Capacity, 2020-2030 (USD Billion)
1.2.3. Progressing Cavity Pump Market, by Application, 2020-2030 (USD Billion)
1.2.4. Progressing Cavity Pump Market, by Power rating, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Progressing Cavity Pump Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Progressing Cavity Pump Market Dynamics
3.1. Progressing Cavity Pump Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Growing need for water & wastewater treatment
3.1.1.2. Rising demand to enhance operational process
3.1.1.3. Growing oil and gas industry
3.1.1.4. Expansion of mining industry
3.1.2. Market Challenges
3.1.2.1. Maintenance costs associated with conventional progressing cavity pumps stifles
3.1.2.2. Availability of substitutes for progressing cavity pumps, specifically for use in oil & gas industry
3.1.3. Market Opportunities
3.1.3.1. Growing investments in food & beverage industry
Chapter 4. Global Progressing Cavity Pump Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Progressing Cavity Pump Market, by Power Capacity
5.1. Market Snapshot
5.2. Global Progressing Cavity Pump Market by Power Capacity, Performance – Potential Analysis
5.3. Global Progressing Cavity Pump Market Estimates & Forecasts by Power Capacity 2020-2030 (USD Billion)
5.4. Progressing Cavity Pump Market, Sub Segment Analysis
5.4.1. Up to 500 GPM
5.4.2. 501 GPM – 1000 GPM
5.4.3. Above 1000 GPM
Chapter 6. Global Progressing Cavity Pump Market, by Application
6.1. Market Snapshot
6.2. Global Progressing Cavity Pump Market by Application, Performance – Potential Analysis
6.3. Global Progressing Cavity Pump Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Progressing Cavity Pump Market, Sub Segment Analysis
6.4.1. Oil & Gas
6.4.2. Water & Wastewater Management
6.4.3. Food & Beverages
6.4.4. Chemicals & Petrochemicals
6.4.5. Others
Chapter 7. Global Progressing Cavity Pump Market, by Power rating
7.1. Market Snapshot
7.2. Global Progressing Cavity Pump Market by Power rating, Performance – Potential Analysis
7.3. Global Progressing Cavity Pump Market Estimates & Forecasts by Power rating 2020-2030 (USD Billion)
7.4. Progressing Cavity Pump Market, Sub Segment Analysis
7.4.1. Below 50 HP
7.4.2. 51 HP – 150 HP
7.4.3. Above 150 HP
Chapter 8. Global Progressing Cavity Pump Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Progressing Cavity Pump Market, Regional Market Snapshot
8.4. North America Progressing Cavity Pump Market
8.4.1. U.S. Progressing Cavity Pump Market
8.4.1.1. Power Capacity breakdown estimates & forecasts, 2020-2030
8.4.1.2. Application breakdown estimates & forecasts, 2020-2030
8.4.1.3. Power rating breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Progressing Cavity Pump Market
8.5. Europe Progressing Cavity Pump Market Snapshot
8.5.1. U.K. Progressing Cavity Pump Market
8.5.2. Germany Progressing Cavity Pump Market
8.5.3. France Progressing Cavity Pump Market
8.5.4. Spain Progressing Cavity Pump Market
8.5.5. Italy Progressing Cavity Pump Market
8.5.6. Rest of Europe Progressing Cavity Pump Market
8.6. Asia-Pacific Progressing Cavity Pump Market Snapshot
8.6.1. China Progressing Cavity Pump Market
8.6.2. India Progressing Cavity Pump Market
8.6.3. Japan Progressing Cavity Pump Market
8.6.4. Australia Progressing Cavity Pump Market
8.6.5. South Korea Progressing Cavity Pump Market
8.6.6. Rest of Asia Pacific Progressing Cavity Pump Market
8.7. Latin America Progressing Cavity Pump Market Snapshot
8.7.1. Brazil Progressing Cavity Pump Market
8.7.2. Mexico Progressing Cavity Pump Market
8.8. Middle East & Africa Progressing Cavity Pump Market
8.8.1. Saudi Arabia Progressing Cavity Pump Market
8.8.2. South Africa Progressing Cavity Pump Market
8.8.3. Rest of Middle East & Africa Progressing Cavity Pump Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. NOV Inc.NOV (US)
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. NETZSCH-Grinding & Dispersing Machinery GmbH
9.3.3. SEEPEX GmbH
9.3.4. PCM Group
9.3.5. CIRCOR International, Inc.
9.3.6. Schlumberger Limited
9.3.7. ChampionX Corporation
9.3.8. Xylem Inc.
9.3.9. Sulzer AG
9.3.10. Borets International LLC
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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