Progressive Cavity Pump Market Size

Progressive Cavity Pump Market size is poised to surpass USD 6 Billion by the end of 2035, growing at a CAGR of 7% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of progressive cavity pump was over USD 2 Billion. The growth of the market can be attributed to the rising production of sewage in the world. The higher sewage volume increases the need for treating it, which in turn necessitates the use of professing cavity pumps to move and manage the increased sewage volume. Globally, 380 billion m3 of waste from municipalities is generated each year. The flow of wastewater is anticipated to rise by 24% and 51% by 2030 and 2050, respectively. 

In addition to these, factors that are believed to fuel the market growth of progressive cavity pumps are the rising production of chemicals. Progressive cavity pumps maintain a consistent flow rate and pressure of chemicals and petrochemicals, therefore growing manufacturing of these chemicals will increase the need for pumps for efficient transfer.