The latest report by IMARC, titled “Metering Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, finds that the global metering pump market reached a value of US$ 6.6 Billion in 2022. Metering pumps, also known as chemical injection pumps or chemical dosing pumps, refer to industrial equipment that is used to pump a variety of liquids to other streams or containers at a particular flow rate and discharge pressure. Some commonly available metering pumps include fixed and variable displacement metering pumps. Fixed metering pumps are used to control and adjust the flow rate based on the speed of the motor, while the variable metering pumps alter the flow in order to move a consistent amount of fluid. In recent years, metering pumps have gained traction due to their extensive adoption in various industry verticals, including oil and gas, chemical, wastewater treatment, pharmaceutical, food and beverage (F&B), paper and pulp, agriculture, and mining.
Global Metering Pump Market Trends:
One of the primary factors driving the market is the significant growth in the chemical processing industry. For instance, metering pumps are extensively employed in the chemical processing industry for injection of solvents, sensitive fluids, alkalis alcohols, and acids. Besides this, metering pumps are widely employed in the refining and pharmaceutical industries for wastewater treatment, which is propelling market growth. Apart from this, the growing demand for potable water has accelerated the product adoption rate across the globe. Furthermore, extensive investment in the research and development (R&D) activities by key players for various product innovations and advancements in microprocessor and display technologies are propelling the market growth. Moreover, the integration of smartphone-compatible systems with digital pumping solutions is also anticipated to create a favorable market outlook. Looking forward, IMARC Group expects the market value to reach US$ 8.4 Billion by 2028, expanding at a CAGR of 4.11% during the forecast period (2023-2028).
- Based on the type, the market has been segmented into diaphragms, piston pumps, and others.
- On the basis of the application, the market has been divided into water and wastewater treatment, oil and gas, chemical processes, pharmaceuticals, food and beverages, paper and pulp, and others.
- Region-wise, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has also been analyzed, with some of the key players being Grundfos, IDEX Corporation, LEWA (Nikkiso Co. Ltd.), Mcfarland-Tritan LLC, Milton Roy Company (lngersoll Rand), ProMinent GmbH, Seepex GmbH, Seko S.P.A., SPx Flow Technology Nordestedt GmbH, Swelore Engineering Private Limited, Vereder Group, and Watson-Marlow Fluid Technology Group (Spirax-Sarco Engineering).
|Base Year of the Analysis
||Type, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Grundfos, IDEX Corporation, LEWA (Nikkiso Co. Ltd.), Mcfarland-Tritan LLC, Milton Roy Company (Ingersoll Rand), ProMinent GmbH, Seepex GmbH, Seko S.P.A, SPX Flow Technology Norderstedt GmbH, Swelore Engineering Private Limited, Vereder Group and Watson-Marlow Fluid Technology Group (Spirax-Sarco Engineering)
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