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

Global Progressive Cavity Pump Market size was valued at USD 3.2 Billion in 2022 and is poised to grow from USD 3.3 Billion in 2023 to USD 4.95 Billion by 2031, growing at a CAGR of 4.96% in the forecast period (2024-2031).

Progressive cavity pumps offer many advantages that make them desirable for companies looking to streamline operations and reduce costs. The efficiency with which a continuous pump in a well converts electricity into flow makes them well known. It is designed to reduce oscillations and changes in complex flows. This feature not only ensures reliable operation of the pump but also reduces energy consumption. Continuous well pumps are more efficient overall than other types of pumps, such as tube pumps, resulting in lower energy costs for end users.

Progressive cavity pumps are incredibly effective when it comes to handling sediments, abrasive materials and viscous fluids. Their unique construction, which incorporates a helical rotor into the stator, allows for the efficient transfer of such dense fluids. Progressive cavity pumps handle these materials efficiently, reducing energy losses during shear and agitation, saving additional energy. The energy efficiency of progressive cavity pumps is useful for areas involving viscous or abrasive materials, such as food and beverage, chemical processing and mining.