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

Drivers

Increasing Demand for Various Services

• One of the most important factors driving the growth of the global market is the increasing demand for these types of pumps across multiple industries. Progressive cavity pumps, which can handle viscous fluids, solids, and shears, are used in industries such as oil and gas, food and beverage, wastewater treatment, chemical applications manufacturing, chemicals, etc. and gas sector. It is used for the transportation of oil, mining water and produced water, driven by increasing exploration and production worldwide as well as in food and beverage industry and these pumps are used to handle viscous liquids such as sauces, syrups and dairy products, as well as measurement and quantification applications Increasing attention, strict regulation of wastewater treatment and its disposal is leading to the adoption of continuous well pumping in the wastewater treatment industry. Overall, a variety of applications and continuous well pumping in many industries are used in multiple locations are driving the growth of the global market.

Reducing Energy and Maintenance Costs to Stimulate Growth

• PCP is used in many industries to continuously or periodically move raw materials of varying viscosity, friction, or even solids concentration. Different types of industrial engineers working with water & wastewater, oil & gas, food & beverages for disposal of high solids in a constant flow of water using a continuous pump in wells. Furthermore, the use of pumps helps plant operators to save significant energy, reduce maintenance costs, and decrease downtime compared to other methods e.g., Duisburg-Kassler Feld sewage plant located in West Germany serves a large area of domestic and industrial wastewater.

Increasing Demand for Progressive Cavity Pumps to Enhance the Business Process

• PCPs are widely accepted among end users for low net positive suction head (NPSH). In the oil and gas and other industries, NPSH is a daily operation because water near the boiler must be delivered on a regular basis, resulting in a more complex pumping system. More solid contaminants and more solid materials can be handled easily with pumps and these pumps also provide low slack inefficiency.

Restraints

High Cost of Pumps

• The availability of substitute products or low-cost products is expected to hamper the market's growth. For example, pumps with continuous wells cannot be dried or they will be damaged. Also, they can’t hit sealed water, or they’ll be destroyed. This, in turn, is expected to increase the use of substitutes. For example, a good progressive cavity pump for a variety of applications is the Boyser Peristaltic Pump.

High Cost of Deployment & Maintenance

• High cost of deployment & maintenance is expected to hamper the growth of the global progressive cavity pump market. By design, continuous well pumps have always been considered a more severely damaged component with higher maintenance costs than most other types of pumps. The operating and capital costs of these pumps are reduced, making them more cost-effective and efficient, but the deployment & maintenance costs are higher, which in turn is expected to drive the global growth of cavity pumps market growth edge.