Market Share of Progressing Cavity Pump Industry
The market for progressing cavity pumps is consolidated because there aren't many companies in the business. National-Oilwell Varco Inc., Schlumberger Limited, Xylem Inc., NETZSCH Group, PCM Group, Seepex Inc., and Halliburton Company are some of the major competitors in this sector.
National-Oilwell Varco Inc. released the new AgitatorZP System in January 2023. It is a tool for reducing friction that can be used at any pressure.The AgitatorZP System is made for applications with limited standpipe pressure. It maximizes weight transfer, which improves directional control and drilling performance in long-reach laterals.
In April 2022, Xylem announced that it would invest as a limited partner (LP) in the venture capital funds Burnt Island Ventures and The Westly Group's Funds III and IV. This would help develop new technologies for water and industry.The USD 20 million invested by both funds is a key part of Xylem's Xylem Innovation Labs program, which encourages innovation from outside the company.These investments bolster Xylem Innovation Labs' open innovation network and its commitment to bringing the most important water technology innovations to market at scale and speed.
In April 2022, NETZSCH announced the new NEMO progressing cavity pump in FSIP design with a compact block construction. This is particularly space-saving and allows you to install the pump in a confined space. The progressing cavity pump has an innovative design that makes it easy to get to the parts that wear out. This makes maintenance and service easier.
Progressing Cavity Pump Market Leaders
Schlumberger Limited.
National-Oilwell Varco, Inc.
Xylem Inc
PCM Group
NETZSCH Group
*Disclaimer: Major Players sorted in no particular order
