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The global progressive cavity pump market size was USD 4.45 billion in 2020. The market is projected to grow from USD 4.77 billion in 2021 to USD 7.09 billion in 2028 at a CAGR of 5.8% in the 2021-2028 period. The global impact of COVID-19 has been unprecedented and staggering, with the witnessing a negative impact on demand across all regions amid the pandemic. Based on our analysis, the global market exhibited a lower growth of -9.1% in 2020 compared to the average year-on-year growth during 2017-2019 The rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.
PCP is a rotary positive displacement pump recognized as an eccentric screw pump or screw pump. The progressive cavity transfers liquids with higher viscosities through a series of progress and is pumped through sequence order of small, fixed shape, discrete cavities as the rotor is turned. This leads to the volumetric flow rates being proportional to the rotation rate and to which low levels of shearing are applied to the pump. The PCP has a fixed flow rate, due to which they offer a long, reliable service of transporting thick, lumpy, or fluids with high viscosity.
COVID-19: Supply Chain Disruption and Travel Restriction amid Pandemic to Hamper Growth
The ongoing COVID-19 pandemic has imposed travel restrictions and suspension of industrial works to minimize the impact and spread of the virus. This factor significantly impacts the global market owing to delay operations and disruption in the global economy, especially in the supply chain. Various manufacturers have reduced their staff capacity due to travel restrictions and social distancing norms which have experienced logistical delays, installation & maintenance of components. Additionally, the COVID-19 has also reduced the order intake and sales during its starting phase. However, the manufacturers have taken certain precautions to overcome the challenges and keep the operation flow by carrying out work in multiple shifts and allowing employees to work remotely if possible. In addition to this, the manufacturer has maintained all the required measurements, safety protocols, government guidelines for vital processes warranting physical visits. The COVID-19 is also expected to impact the demand for oil & gas as most countries are under lockdown and have travel restrictions.
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Increasing Focus on Digitalization to Spur Lucrative Opportunities
The rise in digitalization is creating changes in products, services, and processes which are anticipated to create opportunities for the global market. It integrates with intelligent systems consisting of smart products, services, and processes, which opens up the unmatched potential of the system’s productivity. Various manufacturers operating in the market started offering online monitoring for their pump's operation. For example, Seepex is driving the digital transformation in its pump technology and offers modular solutions such as network, control, and monitoring of the pumps to optimize processes, maximize availability, and reduce inspection and maintenance costs. In addition, the company also started offering connected services for pump technology, which helps collect analyze pump data to detect early damage, resulting in increased system availability and productivity.
Lower Energy and Maintenance Cost to Stimulate Growth
A PCP is used in various industries for continuous or intermittent transfer of raw materials with varying viscosity, abrasiveness, or even material with high solid content. Various industrial operators in water & wastewater, oil & gas, food & beverages use progressive cavity pumps for discharging high viscous material at a constant flow rate. In addition, the use of the pump helps plant operators save significant amounts of energy, reduce maintenance costs, and also help in reducing the downtime compared to other methods. For example, the Duisburg-Kasslerfeld sewage plant in Western Germany serves a large catchment area that receives wastewater contamination from households and industrial operations.
In recent years, the plant operators have upgraded their system with progressive cavity pump for discharging the dewatered sludge as the pump solution allows for 24 hours per day operation, which would lower costs. Moreover, Ruhrverband, a water management company, used AE-RG series four-stage solid-substance progressive cavity pumps as the residual sludge discharge pump, significantly reducing the associated maintenance and operational costs and lower power consumption since the operations. This has resulted in the longest possible service life; long maintenance intervals, minimal downtime, and reliable, continuous operation.
Rising Demand for Progressive Cavity Pump to Enhance Operational Process
PCPs are widely accepted in end-users for low net positive suction heads (NPSH). In industries such as oil and gas, the NPSH is a daily business as liquids close to vapor pressure have to be conveyed regularly, resulting in a more complex pumping system design. The use of this pump in such cases results in the handling of low NPSH without any additional construction and design. Material with several solid contaminants and high viscosity can be easily handled with the pump and also lower loose inefficiency is offered by these pumps.
In addition, the progressive cavity pump technology is tolerant to the cavitation compared to the other pumps, due to which the pump does not fail in case of cavity occurrence in end-users and can normally start the PCP once the fault is eliminated to avoid significant damage to the system. Based on this factor, the acceptance of this pumps is set to increase in a wide range of End-users and acts as one of the market dynamics.
Continues Change In Operating Parameter To Hinder Market Growth
The progressive cavity pump is used in various industries to enhance the recovery of industrial processes. The change in well conditions and operational conditions like motor speed can wreak havoc on the pump and disturb the steady and reliable performance of the system. Additionally, the variation of pump speed can also decrease the process optimization.
For instance, the increase in speed of the motor pump can result in outpacing well inflow, leading to pump off and consequential pump failure. On the other hand, the decrease in pump speed can result in a lower production rate to levels far below the well’s potential, likely to hinder the progressive cavity pump market growth. However, various key players operating in the market enhance their PCP products with the latest technology to overcome such issues. For example, Weatherford has introduced WellPilot FCT, the next generation of automated pump control and continuously fine-tunes pump speed to achieve optimal production and protect the system against flow losses.
0 to 500 GPM Pumping Capacity Segment to Hold Dominant Market Share
Based on pumping capacity, the market is segmented into 0 to 500 GPM, 500 to 1000 GPM, and above 1000 GPM. The 0 to 500 GPM segment is projected to lead the market in 2020. Market players provide a wide range of these cavity pumps with the pumping capacity ranging between 0 to 500 GPM.
500 GPM to 1000 GPM capacity pumps are preferred for commercial or industrial sewage from factories, schools, motels, apartments, and others.
Above 1000 GPM is another major pumping capacity that contributes around 26.1% of the progressive cavity pump market share and is expected to contribute significantly during the forecast period.
Up to 50 HP to Hold Dominant Market Share
Based on power rating, the market is divided into up to 50 HP, 50 to 100 HP, and above 100 HP. The up to 50 HP segment is projected to lead the global market in 2020. Material with high abrasive and viscosity generally provides a lower discharge rate with an increase in differential pressure, due to which various operators use lower power rating for their end-users.
50 HP to 100 HP along with more than 100 HP power capacity pumps serves a wide range of industrial applications such as transfer of heavy to light oil transfer, coalbed methane, along with in water-source well as a reliable, economic solution.
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Water & Wastewater Dominates Market Segment
Based on end-user, the market is divided into oil & gas, water & wastewater, food & beverages, chemicals & petrochemicals, pulp & paper, and others. In the oil & gas industry, the pump is generally used in two major end-users, including oil and water separation and oil transfer. In addition, this pumps also serve as a cost-effective solution compared to conventional in-field pumping alternatives in transferring heavy oil, extra-heavy oil, bitumen, multiphase transfer, and injection in remote areas with a very high viscosity required a special technique for the operation.
PCP is one of the most common pump types in wastewater treatment plants to handle a wide variety of desalination, sewage water, sludge, and slurry end-user. In addition to this, the pump enhances operational efficiency and reduces energy consumption. The increasing demand for clean water for domestic, industrial purposes has resulted in investments in the water industry and is expected to improve the competitive landscape for the market for the water and wastewater industry.
The chemicals and petrochemicals industry is a diversified industry where aggressive acids, highly flammable or explosive products require material compatibility and thermal control. Various chemical industry manufacturers use PCP to handle fluids with fragile composition and complex rheology. Likewise, the use of this pump in the chemical industry provides cost-effective and efficient operation as progressive cavity pumps have easy operation or maintenance during the failure or potential leakages.
In the food processing & beverage industry, the pumps are the most commonly used option for conveying the production in food and beverages. Products, such as vegetables, dairy cream, meat extracts, cake dough, distilled products, wine, and spirits, require gentle handling or continuous non-pulsing flow. Additionally, the pump is well-suited to food and beverage end-users’ essentials regarding contamination avoidance.
In pulp & paper industry, the pump is used to pump solid solutions and work for various operations, including wood pulp to wood pulp bleaching, coat the final paper product, and remove black liquor and sludge. In agriculture, biogas, pharmaceutical & bio, and cosmetics industries, the building also uses PCP pumps for its heavy liquid transfer operations.
Asia Pacific Progressive Cavity Pump Market Size, 2020 (USD Billion)
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The global market research has been analyzed across five key regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Asia Pacific region is anticipated to hold the largest market share for the PCP market over the forecast period. The market growth in the region can be attributed to rapid growth and subsequent increase in economic activities such as industrialization, modern agriculture, and urbanization which exacerbated the demand for clean and reusable water. In addition, China, India, South Korea, Indonesia, and Taiwan hold a significant share in the global chemical industry, whereas as per the BASF report, China is the largest contributor to the chemical market and is anticipated to grow at 6.3% in the coming years.
North America and Europe are expected to grow at a significant pace over the forecast period. Industries, such as water & wastewater, are anticipated to propel the demand for progressive pumps. For context, in Canada, almost 86% of the population has been served by the municipal wastewater systems.
Countries across Europe have a rising installation of water and wastewater plants with increasing demand for clean water across the various sectors. For instance, In July 2020, H+E GmbH/Germany/Stuttgart, one of the leading international suppliers of industrial process water and wastewater management solutions, won the contract for a supply water treatment plant for an automobile manufacturer in Germany. Additionally, as per the BP Statistical energy market report, the U.S. accounts for 68.9 thousand million barrels of the total proved reserve, which compliments the use of progressive cavity pumps in various oil & gas end-users.
In Latin America, countries such as Brazil have 3.78-million-barrel production of petroleum, crude, and biofuels per day in 2020 and stood the eighth-largest oil producer globally which drives the market growth for the oil & gas industry across the region.
In the Middle East & Africa, the GCC countries have experienced an increase in population by 30% and are anticipated to experience an increasing strain on their supplies of electricity, food, and water to ensure sustainable growth. Hence, the market in this region is anticipated to experience opportunities for PCP market during the forecast period.
Key Participants Concentrate on Expanding Production Capacities to Improve Market Position
The market is fragmented with the presence of several key players globally. Different market players across the global market are increasing their participation in product advancement to maintain their market position. In addition to this, the companies are also expanding their production capacities. For example, In February 2020, Allweiler has launched next-generation AEB-DE progressive cavity pump series with multiple pump sizes and is capable of bi-directional flow. This enables Allweiler customers to have the utmost accuracy of high viscosity and particulate-filled fluids in one compact and versatile series.
An Infographic Representation of Progressive Cavity Pumps Market
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The market research report presents a comprehensive progressive cavity pump industry assessment by offering valuable insights, facts, industry-related information, and historical data. Several methodologies and approaches are adopted to make meaningful assumptions and views to formulate the market report. Furthermore, the report covers a detailed analysis of market segments, including pumping capacity, power rating, end-users, and regions, helping our readers get a comprehensive overview of the global industry.
Value (USD Billion)
By Pumping Capacity (GPM), By Power Rating (HP), By End-user, and By Region
By Pumping Capacity (GPM)
By Power Rating (HP)
As per the Fortune Business Insights study, the global market was USD 4.45 billion in 2020.
The global market is projected to grow at a CAGR of 5.8% during the forecast period.
The market size of Asia Pacific stood at USD 1.70 billion in 2020.
Based on end-user, the water & wastewater segment holds the dominating share in the global market.
The global market size is expected to reach USD 7.09 billion by 2028.
Lower energy and maintenance costs drive the market.
The top players in the market are Seepex GmbH, Weatherford, Champion X, Roto Pumps, NETZSCH, and Sulzer.
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