Progressing Cavity Pump Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Market Overview

The Progressing Cavity Pump market is expected to register a CAGR of 3.50% over the forecast period from 2020 to 2025. Progressive cavity pumps play a very crucial part in multiple operations. The pumping of food and drink products, oil, viscous chemicals, and sewage, among other fluids, are some of the application areas where these specific industrial pump designs have proven to be a great fit.

• These are the type of positive displacement pumps where fluid travels through the pumps in small fixed-shaped cavities that move as a result of the rotor turning. These pumps are specifically designed for the volumetric flow rate proportional to the rotational rate of the pump rotor. An advantage of these progressive cavity pumps in shallow levels of shearing applied to the pumping fluid. As a result, they are also commonly used for viscous materials that are shear sensitive. The pump design also has multiple benefits that make progressive cavity pumps a desirable option for specific applications.
• Furthermore, recognizing the need for longer pump life in progressive cavity (PC) style pumps, MXQ created a unique rotor and stator profile proven extremely beneficial to the pump users. The pitch of the rotor and stator was increased while the overall diameter was decreased. One of the critical factors in determining these pumps' overall life is the peripheral surface speed of the rotor against the stator: the rubbing velocity and these new profiles were primarily designed to reduce these rubbing velocities and increase the pump's rotor/stator life expectancy. The testing has proved that this new profile increases the pump's life by as much as 40% over standard profiles.
• The manufacturing of these pumps has also witnessed a combination of 3D printing technology with computer modeling, which has led toward cutting-edge development in pump design, repair, and replacement, which, in turn, is driving the market, and it may provide an opportunity for the market in the coming future. The increasing drive for energy independence has also created a window of opportunity for multiple oil recovery sectors' innovations. New artificial lift methods, such as the progressing cavity pumping, have been successfully applied to downhole pumping applications.
• With the outbreak of COVID-19, the market has witnessed a slump in demand from various enterprises operating in the end-user industries. Under such constrained circumstances, these enterprises have seen a vast decline in revenue and profits, leading to a significant cut down of employees and workers, resulting in an overall loss to industrial production activities. However, players, like Seepex Inc., have witnessed an increase in orders for spare parts. The company has also found alternative supply channels, components within their modular, and varied pump offerings.

Scope of the Report

Progressing cavity pumps primarily belong to the group of rotating positive displacement pumps. They are self-priming and valve-less. Owing to their high process liability and suction capacity, they are mostly used for continuous, gentle conveyance and precise dosing. These pumps are extremely versatile and can be used in multiple pumping applications. They also offer all the advantages of a positive displacement pump and are primarily designed for abrasion resistance in tough pumping applications.

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Key Market Trends

Waste and Wastewater is Expected to Hold Major Share

• Humans and most of the industrial activities across the world primarily produce some wastewater. As the overall water demand is growing rapidly, the quantity of wastewater produced and its overall pollution load is also increasing worldwide. Factors such as rising environmental pollution, stricter government policies to regulate emissions and pollutants, and increasing focus on better management of wastewater are expected to drive the market's growth during the forecast period.
• Generally, progressing cavity pumps provide a shallow pulsing flow. In wastewater and water treatment applications, excess sludge, untreated sewage, or concentrated slurries may be moved. The fluid's viscosity transferred, and the lift required will affect the power and speed required, fostering the market's growth. According to the World Water Development Report, which was published in 2019 by UN-Water, more than 2 billion people were living in countries facing high water stress, and around 4 billion people were also experiencing severe water scarcity in at least one month of a year.
• The water systems across the world are faced with a formidable threat as they live in water-scarce regions. According to the WHO, half of the global population is anticipated to live in water-stressed areas by 2025. Hence, water and wastewater treatment infrastructure is expected to increase significantly, thereby driving the market. Furthermore, these wastewater treatment plants' modular design has also reduced the initial massive investment challenge that was faced earlier and has enabled an economical solution. These plants can readily be expanded as the wastewater flow, and, in turn, the treatment plant's capacity requirement increases.
• The Clean Water Act (CWA) and the Safe Drinking Water Act (SDWA) are the two most important environmental laws governing the water regulations in the United States. These laws primarily require the US Environmental Protection Agency (EPA) to set the regulatory standards and approve various analytical methods to test drinking water, and wastewater discharged to the surface water. The growing global population and an increase in water usage across multiple industries are expected to promote the establishment of new water treatment plants globally, thereby enabling the growth of the sector.

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