Metering Pumps Market

Metering Pumps Market Size-2023-2028

The Metering Pumps Market is projected to develop from $ 6.8 billion in 2022 to $ 8.3 billion by 2028, at an annual expansion rate (CAGR) of 8.1% during the foreseen period of 2023-2028

A metering pump is designed to move fluids at very precise flow rates during certain periods of time. Metering pumps are also known as chemical metering pumps or chemical injection pumps and are employed for a high level of precision in pumping a wide variety of liquids in a multitude of end-use industries. Metering pumps, also known as chemical dosing pumps or chemical injection pumps have been employed over the years for their high level of precision in pumping a wide variety of liquids in a multitude of end-use industries. The escalated expansion in most application areas and the promotion of energy-efficient products through the implementation of strict environmental regulations have contributed significantly to the expansion of the global metering pump market.

Metering pumps are widely employed to control flow accurately. The significant drivers of the metering pump industry are stringent government rules, high expansion application areas, and digital pumping solutions.

Metering Pumps Market Drivers:

Growing calls for environmentally friendly wastewater disposal and escalated investment in infrastructure modernization are predicted to stimulate the worldwide market for metering pumps. In addition to that, the escalating employment of metering pumps in fragments like food and beverages, pulp and paper, petrochemicals, and the oil and gas business is predicted to stimulate the market for the metering pump over the prognosis period.

However, these pumps are not ideal for operations that require the movement of large amounts of fluid in a short period of time. Also, moving most types of gas is not recommended. One of the most important factors driving the adoption of metering pumps is the escalating call for drinking water worldwide. Drinking water shortages are a major problem in several regions, with a rapid rate of industrialization and urbanization. This has resulted in the adoption of metering pumps for wastewater treatment. Technology is the key to rapid change taking place in different industries. Its important contribution can also be found in the wastewater management and treatment market.

Metering Pumps Market Restraints:

The wastewater management and water treatment market is greener and more modernized. The development of metering pumps is of great importance to improve development in the wastewater management and water treatment market. With high study and advancement activities, metering pumps are present with better quality. In addition, the call for metering pumps has escalated in the waste and water, oil and gas, and chemical processing industries. The worldwide market is also driven by the escalating popularity of digital pumping solutions. However, continued price wars between major suppliers are predicted to create barriers for some, hampering the expansion of the global metering pump market. Escalated promotions and government regulations related to product standards, precision drives digitization, energy efficiency, and high-expansion applications in areas such as pharmaceuticals, and fueling calls in the worldwide market for metering pumps. Plus, the call for advanced water treatment and wastewater management has escalated in line with rising efforts to expand oil and gas, which has escalated in this market.

METERING PUMPS MARKET REPORT COVERAGE

Metering Pumps Market Segmentation

Metering Pumps Market - By Type

• Diaphragm

• Piston

In the type sector, diaphragm metering pumps are named to have so many benefits over piston metering pumps, involving lesser maintenance problems. 

Metering Pumps Market - By Application

• Water and wastewater treatment

• Pharmaceutical

• Pulp and paper

• Oil and gas

• Chemical

• Food and beverages

• Petrochemicals

Among the major application sectors of metering pumps, wastewater treatment is known to hold a high share in the overall industry owing to the escalating call for eco-friendly wastewater disposal and treatment solutions.

Metering Pumps Market - By Region

The Metering Pumps Report includes the segmentation of Regions with their respective Countries.

• North America Metering Pumps Industry includes the U.S. and Canada.

• Europe Metering Pumps Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.

• Asia Pacific Metering Pumps Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.

• Latin America Metering Pumps Industry includes Brazil, Mexico, Argentina, Chile & the Rest of LATAM.

• Middle East & Africa Metering Pumps Industry includes KSA, UAE, Israel, the rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.

Asia-Pacific is predicted to be an emerging market for metering pumps. China is the biggest and is also predicted to be the quickest-rising industry for metering pumps throughout the foreseen period. The availability of raw materials at a relatively low cost and the meteoric expansion of end applications with high domestic and foreign investment are spurring expansion in China. The Asia-Pacific region is predicted to dominate the global metering pump market during the foreseen period with high investment by manufacturers in expanding capacity. Asia Pacific is one of the most important regional markets for metering pumps in the world and is predicted to experience strong expansion during the outlook period, driven by an escalating focus on capacity expansion and investment by manufacturers. China and India are the main contributors to this market, driven by the high call for metering pumps.

China's part in the Asia-Pacific metering pump industry has been a significant end-user, thanks to the presence of raw materials at a comparably lesser price, escalated funds from foreign and domestic parties, and an increase in end-use applications.

Recent Developments:

• TASMANIA CORPORATION declared the introduction of its latest variety of diaphragm metering pumps named the V Series. The V series pumps are small, simple and easy to utilize. The dust and water-resistant body make sure excellent durability even for outdoor employment.

• Neptune introduces the latest series MP7000 mechanically actuated diaphragm metering pump. Neptune is happy to declare the introduction of its latest series MP7000 Mechanically actuated diaphragm metering pump.

Metering Pumps Market Key Players:

1. Milton Roy (US)

2. ProMinent (Germany)

3. IDEX Corporation (US)

4. LEWA (Germany)

5. Grundfos (Denmark)

6. SEKO (Italy)

7. Verder Group (Netherland)

8. Dover Corporation (US)