US Progressive Cavity Pump Market Size Likely to Grow at a CAGR of 4.67% By 2034

The CMI Team’s most recent market research predicts that from 2024 to 2033, the US Progressive Cavity Pump Market will grow at a CAGR of 4.67%. In 2024, the market size is projected to reach a valuation of USD 567.37 Million. By 2033, the valuation is anticipated to reach USD 855.59 Million.

Progressive Cavity Pump Market: Growth Factors and Dynamics

• High demand in the oil and gas industry: increasing requirement for effective methods of oil disposal. This is very true in unconventional oil fields like heavy oil and bitumen. There is an upsurge in demand for pumps that can withstand high viscous liquids and corrosive elements.

• Further technological advancement: There is increased technological advancement in the advanced cavity pump. It has been integrated with automatic and intelligent pumps, which increase efficiency and reduce down times. Innovations such as Weatherford’s WellPilot FCT and IoT integration ensure performance is monitored in real time. Predictive maintenance Longer the pump life and minimize operating costs.

• Increased demand for water and wastewater treatment: In a rapidly expanding world, there is growing demand for clean and pure municipal and industrial water as well as effective wastewater treatment facilities. This puts pressure on the use of progressive cavity pumps, very suitable for managing fluids carrying a wide range of viscosity and solid material. These pressures are most acutely felt in areas facing water shortages and pollution.

• Rising Food and Beverage Industry: Hygiene and efficiency in pumping of viscous and shear-sensitive products are crucial for the food and beverage industry. Progressive cavity pumps are best suited for these because they handle products with the gentlest of touch and precise flow control so that the integrity of products is well maintained. Changing pump design and preferred quality and safety by consumers are driving the US progressive cavity pumps market.

• Industrial Process Efficiency: Progressive cavity pumps are useful in various industrial processes because they can pump fluids, including slurries, chemicals, and adhesives. Use of this pump offers cost advantage since it engages in activities with low maintenance activities and high performance. It is also very attractive to industries seeking improvement in process efficiency and reduction in costs associated with operation.

• New Material Science and Progressive Cavity: World-class companies rely upon novel materials like highly advanced elastomers and corrosion-resistant alloys for increasing the durability as well as efficiency of progressive cavity pumps at remote locations with high hostile environment.

Progressive Cavity Pump Market: Partnership and Acquisitions

• The Vogelsang HiCone progressive cavity pump is set to launch in North America, designed for consistent conveying capacity, pressure resistance, and energy efficiency. It is suitable for environmental wastewater and industrial settings. The pump’s conical rotor-stator geometry allows for long service life and re-adjustment.

• In May 2021, Schlumberger and NOV partnered to accelerate the adoption of automated drilling solutions by oil and gas operators and contractors. The agreement allows customers to combine Schlumberger’s surface and downhole drilling automation solutions with NOV’s rig automation platform, enhancing well construction performance.

Report Scope

Progressive Cavity Pump Market: COVID-19 Analysis

The COVID-19 pandemic significantly disrupted the US progressive cavity pump market. Supply chain constraints owing to lockdowns impacted their demand from large industries such as oil & gas, wastewater management and the food processing industry. Production shutdown and restriction on cross-border movement of products also considered on market expansion.

However, market experienced a revival which was due to the essential industries including water treatment and pharmaceutical industries that continued to support the pumps for the support of necessary facilities. When industries started to revive post pandemic phase, the market slowly recovered, as more funds flowed into the infrastructural development and there was a need to cut down on energy consumption in terms of pumping solutions.

List of the prominent players in the US Progressive Cavity Pump Market:

• National Oilwell Varco
• Halliburton
• Dover Corporation
• Schlumberger Limited
• Xylem
• Weatherford
• Circor International Inc.
• Moyno
• Roto Pumps North America Inc.
• ChampionX
• Titan Manufacturing Inc
• INOXPA USA INC.
• MXQ LLC.
• Graco Inc.
• Seepex Inc.
• Others

The US Progressive Cavity Pump Market is segmented as follows:

By Product Type

• Dosing Pumps
• Flanged Pumps
• Hopper Pumps
• Submersible Pumps
• Others

By Power Rating

• Up-to 50 HP
• 51-150 HP
• Above 150 HP

By Pumping Capacity

• Up-to 500 GPM
• 501-1000 GPM
• Above 1000 GPM

By Application

• High Liquid Viscosity
• Varied Flow
• Sheer Sensitive Liquid
• Liquid Containing Abrasive Solids

By End User

• Oil & Gas
• Water & Wastewater
• Chemical & Petrochemical
• Pulp & Paper
• Food & Beverages
• Others