Metering Pumps Market Abstract:
Metering Pumps Market was valued at USD 3.70 Billion in 2016, and is projected to reach USD 5.30 Billion by 2023, at a CAGR of 6.5% during the forecast period 2016 to 2023.
Metering Pump is designed with the purpose to move fluids at highly precise flow rates over certain periods of time. Metering pumps are also known as chemical dosing pumps or chemical injection pumps and are used for high level of accuracy in pumping a wide variety of liquids in a host of end-use industries. Increase in the growing demand for environmentally friendly waste-water disposal and increasing investment in modernization of infrastructure are estimated to drive the global metering pump market. Moreover, increasing usage of metering pumps across industries such as waste and wastewater treatment, food & beverages, pulp & paper, petrochemicals, and oil & gas industry, is expected to drive the market for the metering pump in the forecast period.
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Metering Pumps Market Application:
Metering Pumps, also known as chemical dosing pumps or chemical injection pumps, have been used over the years for their high level of accuracy in pumping a wide variety of liquids in a host of end-use industries. The increased growth in most application areas and the promotion of energy-efficient products through the implementation of strict environmental regulations has significantly contributed to the expansion of the metering pumps market. The growing demand for potable water across the globe is one of the most important factors boosting the uptake of metering pumps. The shortage of safe drinking water is a major problem in several regions, with a rapid pace of industrialization and urbanization. This has resulted in the adoption of metering pumps in the treatment of wastewater.
Metering Pump is a device with the ability to vary capacity manually or automatically as per requirement of the process conditions. Moreover, it works on a repetitive basis with high level of accuracy. Food and beverage industry is one of the fastest-growing end-use industries for metering pumps. Based on applications, the market has been segmented as water and wastewater treatment, food industry, oil & gas, petrochemical, chemical and others. The processed food industry is driven by changing consumer lifestyle, increasing disposable income, and implementation of food security policies while water treatment industry accounted for the largest share of the metering pumps. Moreover, investment in water market will aid in the market growth of metering market.
Metering Pump are also known as chemical dosing pumps or chemical injection pumps. Increasing demand for safe drinking water and increasing investment into modernization of infrastructure push the market towards growth. In addition, numerous government regulations to promote efficiency across various end use industries further boost the market growth. Rising environmental concerns and introduction of metering pumps in both residential and non-residential sectors and its high operating efficiency helps boost the metering pumps market.
Metering Pumps Market Key Players:
Metering Pump Market include: Lewa GmbH (Germany), Milton Roy Company (U.S.), IDEX Corporation (U.S.), Injection Technical Control Incorporation (Spain), Mcfarland-Tritan LLC (U.S.), Seepax GmbH (Germany), Prominent Dosiertechnik GmbH (Germany), Seko S.P.A. (Italy), Swelore Engineering Private Limited (India) and SPX Flow Technology Norderstedt GmbH (Germany).
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Metering Pumps Market Regional Analysis:
Geographically, the global Metering pump market has been divided into North America, Europe, Asia Pacific and Rest of the World. Asia-Pacific is projected to be an emerging market for Metering pump. China is the largest and is also projected to be the fastest-growing market for metering pumps during the forecast period. China is the single largest end-user for metering pumps. Availability of comparatively low-cost raw materials and soaring growth of end-use applications with high domestic and foreign investment drives the growth in China. Asia-Pacific is projected to dominate the metering pump market during the forecast period with high investments from manufacturers for capacity expansion.
Metering Pumps Market Scope:
Metering Pumps industry, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Metering pumps market by type and application. Based on type, it is segmented as Diaphragm, and Piston. Based on application, it is segmented as water and wastewater treatment, oil & gas, petrochemical, chemical and other.
Metering Pump Market Competitive Analysis:
Metering Pump Market will continue to develop globally, the vendor landscape of the metering pumps market is characterized by the presence of large and small players focused mainly on innovation. Thanks to the availability of affordable tools and technologies, new entrants have been able to venture into the metering pumps market, resulting in still competition at a global as well as regional level. When it comes to metering pumps, branding also plays a major role.
Metering Pumps Market Table of Content:
1 Executive Summary
2 Research Methodology
2.1 Scope of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Metering Pumps Market, By Type
5 Global Metering Pumps Market, By Application
5.2 Water and Wastewater Treatment
5.3 Oil & Gas
Metering Pumps Market Table of Content to be Continue….,
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