Global Metering Pumps Market, By Type (Diaphragm, Piston/Plunger and Others), End-Use Industry (Water and Wastewater Treatment, Petrochemicals, Oil and Gas, Chemical Processing, Pharmaceuticals, Food and Beverage, Pulp and Paper, Others) – Industry Trends and Forecast to 2029
Global Metering Pumps Market Analysis and Size
Over the last decade, the industrial sector has undergone substantial expansion in developing nations and sustained growth in developed/matured economies. The industry's participants are keen to meet demand in growing areas. To increase their competitiveness, increase their production capacities, and better penetrate high-growth regions, they must improve their competitiveness, increase their production capabilities, and better penetrate high-growth regions. These factors have significantly contributed to the market growth which further increases the overall growth for the market.
- The metering pumps market was valued at USD 6.40 billion in 2021 and is expected to reach USD 9.38 million by 2029, registering a CAGR of 4.90% in 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Global Metering Pumps Market Definition
A metering pump, also referred as a chemical dosing pump, is a piece of industrial gear that transfers fluids at a specific flow rate and discharge pressure to other streams or vessels.Two of the most common types of metering pumps are fixed displacement metering pumps, which can change the flow rate based on the motor speed, and variable displacement metering pumps, which can change the flow to transmit a consistent amount of fluid regardless of the motor speed. Chemical, oil and gas, pharmaceutical, wastewater treatment, food and beverage, paper and pulp, agricultural, and mining industries are just a few industries that employ these pumps.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Diaphragm, Piston/Plunger and Others), End-Use Industry (Water and Wastewater Treatment, Petrochemicals, Oil and Gas, Chemical Processing, Pharmaceuticals, Food and Beverage, Pulp and Paper, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Ingersoll Rand (U.S.), Dover Corporation (U.S.), Grundfos Holding A/S (Denmark), SEKO S.p.a (Italy), Watson-Marlow Fluid Technology Group (UK), Lewa GmbH (Germany), Ingersoll Rand (U.S.), IDEX (U.S.), ITC SL (Spain), MCFARLAND PUMPS (U.S.), Prominent (Germany), Swelore Engineering (India) and SPX Flow (Germany), Verder (Netherland), LEWA GmbH (Germany), Grundfos Holding A/S (Denmark), Walchem, Iwaki America Inc (U.S.)
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Market Opportunities
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Metering Pumps Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
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Increased Demand of Metering Pumps
The growing utilization of the metering pumps across the various end-user industries is estimated to carve a way for the growth of the market. They are largely used across the oil and gas industries as well as in pharmaceutical industries, which largely increases the product demand, thus boosting the market growth.
The increasing awareness about the advantages of metering pumps will further propelled the growth rate of metering pumps market. Additionally, focusing on automation to reduce lead times, unnecessary wastage and unplanned downtime and ensure the safety of the environment and personnel will also drive market value growth. The growing number of desalination facilities in GCC nations and other developed and emerging countries to meet water shortages are other market growth determinants projected to bolster the market's growth.
Opportunities
- Stringent regulations and Market Strategies
Furthermore, various ' governments have implemented strict rules and regulations requiring industries to purify water before dumping it into bodies of water, extending profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the leading market players are pursuing tactics such as expansion and joint ventures in order to improve their competitiveness, raise their production capabilities, and gain a better foothold in high-growing regions, all of which will contribute to the metering pumps market's future growth.
Restraints/Challenges Global Metering Pumps Market
- Growing Customization Demands
The requirements for metering pumps in various sectors varies depending on the application. Depending on the dosage required, the flow rate and discharge pressure must be adjusted. Furthermore, due to a lack of technology and abilities, local manufacturers are sometimes unable to create customized items. As a result, this aspect will obstruct market expansion.
- Dearth of Greenfield Investments
With the dearth of enough Greenfield investments, there has been a hit in the demand and supply. This factor is anticipated to challenge the metering pumps market growth rate.
Furthermore, the vendors' ongoing price war is estimated to restrain the market growth.
This metering pumps market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the metering pumps market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Metering Pumps Market
The recent outbreak of coronavirus had a negative impact on the metering pumps market. The negative impact on the market was due to the falling oil prices, a supply-demand gap, and the impact of the COVID-19 epidemic. The demand for metering pumps has been dropping as a result of the COVID-19 epidemic, which has resulted in a drop in refinery throughput, a stoppage of production activities, a disruption of the supply chain, and the postponement of growth projects around the world. According to the EIA, oil and gas output will reach 94.6 million barrels per day in 2020.
On the brighter side, the rising demand from the food and beverage and pharmaceutical industries helps to counterbalance the slight drop in demand caused by global manufacturing slowdown. Moreover, the metering pumps market is estimated to recover post COVID as individual regulatory bodies begin to relax these enforced lockdowns. The suspended and cancelled operations will continue and as a result the market is estimated to expand.
Recent Development
- In April 2020, Watson–Marlow Fluid Technology Group had invested USD 25.3 million in a new 16,200-square-meter production facility in Aflex, Yorkshire. WMFTG expanded geographically in 2020, according to the Spirax-Sarco Engineering Ltd. annual report, creating new sales companies in Hungary, Norway, and Finland. In the Czech Republic, a new sales business was founded and began operations in January 2021. The corporation made major efforts to improve manufacturing capacity as a response of increased demand caused by the COVID-19 epidemic.
Global Metering Pumps Market Scope
The metering pumps market is segmented on the basis of type, form and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Diaphragm
- Piston/Plunger
- Others
On the basis of type, the metering pumps market has been segmented into diaphragm, piston/plunger and others.
End-Use Industry
- Water and Wastewater Treatment
- Petrochemicals
- Oil and Gas
- Chemical Processing
- Pharmaceuticals
- Food and Beverage
- Pulp and Paper
- Others
On the basis of end-use industry, the metering pumps market is segmented into water and wastewater treatment, petrochemicals, oil and gas, chemical processing, pharmaceuticals, food and beverage, pulp and paper and others.
Metering Pumps Market Regional Analysis/Insights
The metering pumps market is analyzed and market size insights and trends are provided by country, type, form and application as referenced above.
The countries covered in the metering pumps market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the metering pumps market because of the increasing use of metering pumps for treating industrial wastewater has been attracted by stringent government regulations and substantial fines for damaging natural water bodies within the region. On the other hand, Asia-Pacific is estimated to show lucrative growth due to the improving living standards, rapid industrialization, huge population base, and the low-cost labor within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Metering Pumps Market Share Analysis
The metering pumps market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to metering pumps market.
Some of the major players operating in the metering pumps market are
- Ingersoll Rand (U.S.)
- Dover Corporation (U.S.)
- Grundfos Holding A/S (Denmark)
- SEKO S.p.a (Italy)
- Watson-Marlow Fluid Technology Group (UK)
- Lewa GmbH (Germany)
- Ingersoll Rand (U.S.)
- IDEX (U.S.)
- ITC SL (Spain)
- MCFARLAND PUMPS (U.S.)
- Prominent (Germany)
- Swelore Engineering (India)
- SPX Flow (Germany)
- Verder (Netherland)
- LEWA GmbH (Germany)
- Grundfos Holding A/S (Denmark)
- Walchem, Iwaki America Inc (U.S.)
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