Global Metering Pump Market to Reach US$ 8.4 Billion by 2028, Propelled by the Significant Growth in the Chemical Processing Industry

September 08, 2022 | Energy & Mining

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).


Market Summary:

  • 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 (Sprirax-Sacro Engineering).

 

Report Scope:
 

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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, Verder Group and Watson-Marlow Fluid Technology Group (Spirax-Sarco Engineering)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Metering Pump Market to Reach US$ 8.4 Billion by 2028, Propelled by the Significant Growth in the Chemical Processing Industry
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