The offshore oil fields in northern Europe and the massive sand oilfields in the middle east and
nearby are primary application users of Progressing Cavity Pump (PCP) systems, supporting oil
and gas pumping.
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A $2.7 billion market for EMEA in 2017, the Progressing Cavity Pumps market has evolved
steadily. It is expected to reach $5.97 billion by 2024, growing in the oil and gas segment to
increase yields from existing wells and to develop new applications in other industries. With the
world recognizing the continuing need to extract oil from ground from existing wells, the pumps
are being put in place as demand technology.
Demand prospects remain positive. Emerging markets continue to play a role. Renewal of
auctions is reactivating mature markets. Southern Europe is reactivating mature markets with
auctions. Activating new markets in Argentina and Russia is being achieved. Excluding China,
the global market demand for installations is expected to increase by 8% from 36 GW in 2017 to
45 GW in 2020.
Key Topics
Progressing Cavity Pumps
Progressing Cavity Pump Types
Dosing Pump
Flanged Pump
Hopper Pump
Food Grade
Immersion Pump
Progressing Cavity Pump Thermal Recovery
Electric Submersible Pump Systems
Fluid Handling Progressing Cavity Pumps
Oil & Gas
Chemicals & Paper
Metering Technology
Foods & Pharmaceuticals
Mining
Rig Count
Geothermal Power