IMARC Group, a leading market research company, has recently releases report titled “Progressing Cavity Pump Market Report by Pumping Capacity (Up to 500 GPM, 501-1,000 GPM, Above 1,000 GPM), Power Rating (Up to 50 HP, 51-150 HP, Above 150 HP), End User (Water and Wastewater Management, Oil and Gas, Food and Beverages, Chemicals and Petrochemicals, and Others), and Region 2024-2032” Offers a comprehensive analysis of the industry, which comprises insights on the global progressing cavity pump market.
How Big is the Progressing Cavity Pump Market?
The global progressing cavity pump market size reached US$ 5.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.5 Billion by 2032, exhibiting a growth rate (CAGR) of 3.7% during 2024-2032.
Industry Overview of 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.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/progressing-cavity-pump-market/requestsample
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.
Leading Companies Operating in the Global Progressing Cavity Pump Industry:
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.
Progressing Cavity Pump Market 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
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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IMARC Group’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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