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The global progressing cavity pump market was valued at USD 2.70 billion in 2023 and grew at a CAGR of 4.50% from 2024 to 2033. The market is expected to reach USD 4.19 billion by 2033. The expanding oil and gas industry will drive the growth of the global progressing cavity pump market.
A progressing cavity pump (PCP) is a type of positive displacement pump that applies a helical rotor and stator to deliver fluids through a chamber with a progressive cavity in a continuous, smooth and constant manner. One of the characteristics of the adopted PCP design is its ability to accommodate fluids of high viscosity like crude oils or wastewaters and even chemicals while retaining optimum efficiency. The rotor, mostly made up of metal or elastomer, orbits within the stator to form cavities that will collect and transport fluids through the pump's length. The rotor turns progressively through a series of clearances which define cavities for the trapped fluid to pass through from inlet to outlet, with a continuous flow rate unfazed by the pressure or viscosity of the fluid. It is commonly applied in oil and gas production, food processing, and chemical sectors. The benefit of the progressing cavity pump is its ability to pump high-viscosity fluid at relatively low flow rates. This movement pattern and lack of pulsing also reduce the system's stress and decrease the need for servicing. Furthermore, the pump design of the product ensures that the flow is well regulated, ensuring that it can be applied where accuracy of the flow is important.
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The expanding oil and gas industry – Increased energy consumption across the globe has made oil and gas industry operators strive for higher production and recovery efficiencies of hydrocarbons, particularly those in declining pressure fields. PCPs are appropriate for artificial lift in such fields where the company seeks to stimulate higher recovery rates. These pumps can work with low flow rates and viscosity fluids characteristic of older wells, especially in extracting heavy crude oil. PCPs do not have the limitations of conventional pumps, which means that, unlike normal pumps, PCPs do not clog, corrode or wear and can transfer many types of fluids containing solids, gases or abrasives typical of the oil field. Due to this flexibility, PCPs are an important component in Optimizing and increasing the recovery rate of relatively marginal fields that otherwise cannot generate adequate returns on more conventional forms of good design. The oil and gas industry is focusing on improving the effectiveness of control methods to minimize the losses of production time and wear expenses. It also flows continuously and uninterrupted, which can reduce the wear and tear on the pump as well as other installations within PCPs. This reliability turns into an improved pump life cycle and reduced service call frequencies, highly desirable in offshore and onshore applications. Therefore, expanding the oil and gas industry will drive the market's growth during the forecast period.
High costs of progressing cavity pumps – Costs of purchasing, especially the initial costs, and maintaining and operating the progressing cavity pumps (PCPs) are major factors that reduce its use and market growth. It has been established that the capital cost of purchasing PCPs is relatively higher than that of other pumping technologies because of their constituent parts and complex construction. The rotor and the stator are usually manufactured from components such as hardened steel or an elastomer, which are robust but costly. Moreover, PCPs call for accurate engineering in the production process to maximise their functionality, making them comparatively expensive to manufacture. Many industries or businesses that adopt PCP have restricted budgets, making them inaccessible. These are made even worse by the rising maintenance and operational costs.
The increasing rate of infrastructure development and industrialization – Many countries in the Asia Pacific region, the Middle East, Africa and Latin America are realizing industrial growth in key sectors like oil and gas, water treatment and power, food and beverage processing, chemicals and petrochemicals. With these markets growing, there is an increasing demand for efficient, effective and cheap means of pumping the growing volumes and increasing complexities of the fluids involved in most industries. Several emerging markets are endowed with substantial undrilled resources and need special techniques in pumping. PCPs are especially suitable in these markets because of their capability to withstand the high viscosity of crude oil, pump slurry and high solid-containing fluids, which are typical in many of these areas. Also, specific to the increasing exploration and production load in these regions, there is a growing need for artificial lift where PCPs are often employed to boost the output of lower-pressure mature completed wells. In the same way, emerging markets are gradually seeking ways of putting a proper wastewater management system in place, especially due to increased water demand due to urbanization and population growth. PCPs are best suited to such applications given that it is difficult to pump some of the materials, such as sludge and other waste fluids, and this can enhance water management and sustainability.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the most significant global progressing cavity pump market, with a 36% market revenue share in 2023.
North America has the greatest share of the PCP market due to increased oil extraction in the region. The U.S., for instance, is one of the world's largest producers, especially from the shale formation, where the use of PCPs is increasing. Highly developed infrastructural facilities and efficient technology in the oil and gas field in the region also contribute to the effective implementation of the PCPs. Cheaper and more efficient than many other production technologies currently utilized across North America for applications such as transporting crude oil and chemical injection, PCPs have been chosen to help oil and gas operators maintain or enhance output levels without compromising production time. Besides, the region gets its significance in PCPs from other sectors, including water treatment, food & processing, and chemicals, apart from the oil and gas industry. The increasing environmental consciousness of the region and its drive towards better resource management increase the adoption of good fluid management mechanisms, mainly in wastewater and sludge treatment.
North America Region Progressing Cavity Pump Market Share in 2023 - 36%
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The end user industry segment includes oil and gas, water and wastewater treatment, food and beverage, chemical and pharmaceutical. The oil and gas segment dominated the market, with a market share of around 43% in 2023. The oil and gas industry is the largest consumer of progressing cavity pumps (PCP) since this business sector cannot afford to take chances with its highly sensitive fluid handling operations in challenging circumstances. PCPs are widely applied in artificial lift systems, especially enhanced oil recovery (EOR) techniques. With increasing global energy demand, especially in fields with decreasing pressure, PCPs remain instrumental in increasing productivity by drawing oil out of wells for which other pump types are less well-suited. They can pump high-viscosity fluids, like heavy crude oil, which makes them appropriate for use in areas where standard pumps cannot be employed. Besides artificial lift, PCPs are used extensively in offshore and onshore production to move crude oil and other viscous materials. These pumps can also be used when pumping fluids containing solids, gas, or abrasives, the features seen in most oil wells. Constantly increasing exploration and extraction activities of the oil and gas industry in both conventional and unconventional reservoirs are the key to long-term demand for PCPs.
The type segment is divided into single-screw pumps and twin-screw pumps. The single screw pump segment dominated the market, with a market share of around 56% in 2023. A single screw-type PCP pump occupies a major market share of the progressing cavity pump market due to its low cost and adaptability to diverse fluids. These pumps are preferred where smooth and non-pulsating flow is needed, such as in oil and gas, chemical and food processing industries. Its singular screw design enables the single screw pumps to solve high-viscosity fluid, slurries and even fluids containing solid or abrasive. These characteristics make them suitable for use in areas where other pump technologies cannot be used or would fail frequently. However, one major drawback of a single screw pump is that it is cheaper, has fewer components and, therefore, is easier to manufacture than twin screw pumps. Furthermore, the single screw type is described to be smooth and continuous. It also has a low mechanical stress in use, is consequently rated to have a long service duration, and rarely requires servicing. These features, such as cost, efficiency, trust, and suitability of varying and demanding fluids explain the dominance of the single screw pumps in the global PCP market.
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2023 | USD 2.70 Billion |
| Market size value in 2033 | USD 4.19 Billion |
| CAGR (2024 to 2033) | 4.50% |
| Historical data | 2020-2022 |
| Base Year | 2023 |
| Forecast | 2024-2033 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East and Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | End User Industry and Type |
As per The Brainy Insights, the size of the global progressing cavity pump market was valued at USD 2.70 billion in 2023 to USD 4.19 billion by 2033.
Global progressing cavity pump market is growing at a CAGR of 4.50% during the forecast period 2024-2033.
The market's growth will be influenced by the expanding oil and gas industry.
High costs of progressing cavity pumps could hamper the market growth.
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global progressing cavity pump market based on below mentioned segments:
Global Progressing Cavity Pump Market by End User Industry:
Global Progressing Cavity Pump Market by Type:
Global Progressing Cavity Pump Market by Region:
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