Market Research Future published a Half Cooked Research Report on “Global Metering Pump Market Research Report – Forecast to 2023 ”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
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) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global metering pump market.
The 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 2016 to 2023.
Metering Pump Market – Overview
A 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. As per the study conducted by Market Research Future, the global market for metering pump is likely to grow at the CAGR of around 6.5%.
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. The global market is also propelled by the rising popularity of digital pumping solutions. Nevertheless, ongoing price wars among leading vendors is anticipated to create hurdles for some, thereby impeding the growth of the metering pumps market. On the basis of type, diaphragm metering pumps are known to possess several advantages over piston metering pumps, including fewer maintenance issues. Among the key applications of metering pumps, wastewater treatment accounts for a considerable share in the overall market thanks to the rising demand for eco-friendly wastewater disposal and treatment solutions.
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Government regulations and promotions or the energy efficiency, product standards, precision stimulates digitization and high growth application areas such as demand in pharmaceutical product, growing need for water treatment and waste water management and rising demand for oil and gas expansion are driving forces for this market. Maturity in North America and Europe market, market recession and lack of Greenfield investments are some factors restraining the growth of market. Players in this market have opportunity in Coal bed Methane reserves.
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.
In December, 2017 – IDEX Corporation (NYSE:IEX) announced the acquisition of thinXXS Microtechnology AG; a leader in the design, manufacture, and sale of microfluidic components serving the point of care, veterinary, and life science markets
In June, 2016 – Lewa GmbH, the manufacturer of metering and process diaphragm pumps based in Leonberg, Germany, has signed a purchase contract with Seko Middle East FZE, a wholly-owned subsidiary of Seko S.p.A
In October, 2016 – Milton Roy proudly introduced and exhibited the new PROTEUS line of Intelligent Metering Pumps at the Water Environment Federation’s Annual Technical Exhibition and Conference (WEFTEC) in New Orleans, Louisiana
Metering pump Global Market – Segmentation:
The scope of Global Metering Pump Market is segmented into two major segments which are explained below:
- Water and Wastewater Treatment
- Food Industry
- Oil & Gas
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Metering Pump Global 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.
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