Progressive Cavity Pump Market Size, Share, Growth Analysis, By Power Rating(Up to 50 HP, 51 HP–150 HP, and Above 150 HP, Up to 500 gpm), By End-User(Oil & Gas, Water & Wastewater Management, Food & Beverage, Chemical & Petrochemical), By Region - Industry Forecast 2024-2031

The Asia-Pacific region is expected to hold the largest market share of the global progressive cavity pump market during the forecast period. The market growth in this sector can be attributed to the rapid growth and economic activities such as industrialization, modern agriculture and subsequent urbanization which has increased the demand for clean reusable water has been increased. It is expected to increase by 6.3% in the coming years. Asia-Pacific growth cavity pump market dominated this market by 2022 (45.80%). Despite the boom in economic activities such as industrialization, modern agriculture and urbanization as the economy grew rapidly and needed access to clean, reusable water, China held the largest market share within the progressive cavity pump market, the Indian progressive cavity pump market is the fastest growing market in Asia- Pacific.

North America is expected to grow significantly during the forecast period. Industries such as water & wastewater are expected to drive continuous growth in demand for pumps. For reference, about 86% of the population in Canada is served by municipal sewer systems. North America has the second largest market share in the growing global progressive cavity pump market. The manufacturing sector in North America is well established and encompasses industries such as mining, pharmaceuticals, food and beverage manufacturing, wastewater treatment, oil and gas processing, and wastewater treatment. North America’s market share comes from demand from these regions. Moreover, the U.S. progressive cavity pumps market holds the largest market share, and Canada progressive cavity pumps market is the fastest growing market in North America region.