What is the current Progressing Cavity Pump Market size?

The Progressing Cavity Pump Market is projected to register a CAGR of 5.80% during the forecast period (2024-2029) Read More

Who are the key players in Progressing Cavity Pump Market?

Schlumberger Limited. , National-Oilwell Varco, Inc. , Xylem Inc , PCM Group and NETZSCH Group are the major companies operating in the Progressing Cavity Pump Market. Read More

Which is the fastest growing region in Progressing Cavity Pump Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Progressing Cavity Pump Market?

In 2024, the Asia-Pacific accounts for the largest market share in Progressing Cavity Pump Market. Read More

What years does this Progressing Cavity Pump Market cover?

The report covers the Progressing Cavity Pump Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Progressing Cavity Pump Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Progressing Cavity Pump Market Size & Share Analysis - Industry Research Report

Progressing Cavity Pump Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The progressing cavity pump market is segmented by power rating (up to 50 HP, between 51 and 150 HP, and above 150 HP), end-user vertical (water and wastewater, oil and gas, chemicals and petrochemicals, food and beverage), and geography (North America, Asia-Pacific, Latin America, Europe, the Middle East, and Africa). The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

Progressing Cavity Pump Industry Overview

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.