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: There is an increasing requirement for effective methods of oil disposal. This is especially 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: The advanced cavity pump has experienced increased technological advancement. It has been integrated with automatic and intelligent pumps, which increase efficiency and reduce downtime. Innovations such as Weatherford’s WellPilot FCT and IoT integration ensure performance is monitored in real time. Predictive maintenance prolongs the pump’s life and minimizes operating costs.
- Increased demand for water and wastewater treatment: In a rapidly expanding world, there is a 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, which are 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 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 touch and precise flow control so that the integrity of products is well maintained. Changing pump design and consumers’ preferred quality and safety drive the US progressive cavity pump market.
- Industrial Process Efficiency: Progressive cavity pumps are useful in various industrial processes because they can pump fluids, including slurries, chemicals, and adhesives. The use of this pump offers a cost advantage since it engages in activities with low maintenance activities and high performance. It is also beautiful to industries seeking improvement in process efficiency and reduced 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 to increase the durability and efficiency of progressive cavity pumps in remote locations with hostile environments.
Progressive Cavity Pump Market: Partnership and Acquisitions
- The Vogelsang HiCone progressive cavity pump, designed for consistent conveying capacity, pressure resistance, and energy efficiency, will launch in North America in February 2024. 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
| Feature of the Report | Details |
| Market Size in 2024 | USD 567.37 Million |
| Projected Market Size in 2033 | USD 855.59 Million |
| Market Size in 2023 | USD 510.44 Million |
| CAGR Growth Rate | 4.67% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product Type, Power Rating, Pumping Capacity, Application, End User and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Country Scope | US |
| Buying Options | Request tailored purchasing options to fulfil your research requirements. |
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 demand from large industries such as oil and gas, wastewater management, and the food processing industry. Production shutdowns and restrictions on the cross-border movement of products also affected market expansion.
However, the market experienced a revival, which was due to essential industries, including water treatment and pharmaceutical industries, continuing to support the pumps for the support of necessary facilities. When industries started to revive post-pandemic, the market slowly recovered as more funds flowed into 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