Global Metering Pumps Market

The Metering Pumps Market was valued at US$ 6.70 Bn. in 2022. The global Metering Pumps Market size is estimated to grow at a CAGR of 4.86% over the forecast period.

Metering Pumps Market Overview:

A metering pump, also known as a chemical dosing pump, is a piece of industrial machinery used to transfer fluids to other streams or vessels at a precise flow rate and discharge pressure. Fixed displacement metering pumps, which can modify the flow rate dependent on the motor speed, and variable displacement metering pumps, which can alter the flow to transfer a consistent amount of fluid regardless of the motor speed, are two of the most popular types of metering pumps. Chemical, oil & gas, pharmaceutical, wastewater treatment, food and beverage, paper & pulp, agricultural, and mining are just a few of the industries that use these pumps.To know about the Research Methodology :- Request Free Sample Report

Metering Pumps Market Dynamics:

Technology is the driving force behind the diverse sectors' rapid progress. It also makes a substantial contribution to the wastewater management and water treatment industries. The wastewater management and water treatment industry are becoming increasingly contemporary and environmentally friendly. The advancement of metering pumps is crucial to the growth of the wastewater management and water treatment markets.

According to the United Nations (UN), 2.2 billion people lack access to safe drinking water, while annual water use is increasing by 1%. It is estimated that more than 80% of wastewater is thrown untreated into the atmosphere. The manufacturing sector utilizes 19% of fresh water, according to the United Nations World Water Development Report 2021, with that proportion predicted to climb to 24% by 2050.

Increased water stress is expected to have an impact on industrial sectors as a result. Several nations have passed laws mandating factories to cleanse sewage before discharging it into bodies of water. In waste management, metering pumps are used to precisely dosage contaminants into the water, such as chlorine or other chemical compounds, in order to maintain pH levels and eradicate microorganisms. As a result, the need for metering pumps in water treatment and wastewater treatment facilities is increasing. Metering pumps of higher quality are now available as a result of extensive research and development efforts. In addition, the waste and water treatment, oil and gas, and chemical processing industries have increased their demand for metering pumps.

The industrial sector has experienced rapid growth in developing regions and stable growth in developed/matured economies over the previous decade. Participants in the sector are eager to meet the demand in emerging markets. To improve their competitiveness, raise their production capabilities, and better penetrate high-growth regions, such as APAC, key market players are pursuing tactics such as expansion and joint ventures. Rapid industrialization, rising living standards, a large population base, and low-cost Labour have all prompted businesses to set up shop in APAC to meet the growing demand. The demand for metering pumps is predicted to rise during the forecast period, as new manufacturing units are scheduled to open. Manufacturing plants are focused on automation to cut lead times, waste, and unscheduled downtime while also ensuring environmental and worker safety. These factors are expected to boost the market growth through the forecast period.

The metering pump market across the globe has been fueled by rising government policies and regulations related to product standards, accuracy stimulates digitization, energy efficiency, and rapid growth applications in areas such as pharmaceutical products. In addition, demand for improved water treatment and wastewater management has increased, owing to increased efforts in oil and gas growth, which has aided market growth.

However, metering pumps are not an excellent device for tasks requiring a large amount of fluid to be transferred in a short period of time, which makes metering pumps are slow and inefficient. In addition, a metering pump cannot transfer or convey the majority of the gases. Metering pumps, terminal boxes, control cabinets with larger systems, and PLC programmable logic controllers are all seeing an increase in demand for measurement and control technology. As a result, the organization creates custom-made functional blocks to suit process needs. This makes achieving economies of scale challenging for businesses. In addition, due to a lack of technology and abilities, local manufacturers are sometimes unable to create customized items.

Metering Pumps Market Segment Analysis:

Based on the Type, the Metering Pumps Market is segmented into Diaphragm Pumps, Piston Pumps, and Others. The Diaphragm Pumps type metering pumps segment held the largest market share, accounting for 59% in 2021. The inexpensive cost of the pump, along with its excellent efficiency and fluid handling capacity, have all contributed to its expansion. Diaphragm metering pumps are widely employed in water treatment, petrochemical, oil & gas, chemical, and other sectors due to their cost advantage, high accuracy, reliability, and appropriateness for a variety of industrial applications.

Based on the Application, the Metering Pumps Market is segmented into Water & Wastewater Treatment, Oil & Gas, Chemical Processes, Pharmaceuticals, Food & Beverages, Paper & Pulp, and Others. The Water & Wastewater Treatment segment held the largest market share, accounting for 29% in 2021. The water treatment segment is predicted to account for the bulk of worldwide metering pumps in terms of end-user. The segment growth is being driven by the growing need for water and wastewater treatment in countries such as China, India, and the United States. The growing number of desalination facilities in GCC nations and other developed and emerging countries to meet water shortages are also boosting the segment growth.

Metering Pumps Market Regional Insights:

The Asia Pacific region held the largest market share accounting for 38.4% in 2021. The region’s growth is attributed to the growing demand and the requirement for modern water treatment facilities in the Asia-Pacific region. The need for metering pumps is significant in this region due to the large population and lack of wastewater management infrastructure. Due to increased demand for metering pumps, China is likely to have the greatest market in this area. In addition, the Asia-Pacific metering pump market is being driven by the availability of comparatively low-cost raw materials, as well as rising end-use applications with international and domestic investment. Due to rising investments, this need is expected to grow significantly during the forecast period.

The North America region is expected to witness significant growth at a CAGR of 4.79% during the forecast period. Refineries, petrochemical and processing industries, food and beverage facilities, and other industries dominate the metering pump market in North America. The usage of metering pumps for treating industrial wastewater has been attracted by stringent government regulations and substantial fines for damaging natural water bodies.

The objective of the report is to present a comprehensive analysis of the global Metering Pumps Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Metering Pumps Market dynamic, structure by analyzing the market segments and projecting the Metering Pumps Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Metering Pumps Market make the report investor’s guide.

Metering Pumps Market Scope: Inquire before buying

Metering Pumps Market, by Region

• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)

Metering Pumps Market Key Players

• 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
• Milton Roy
• Verder Group
• Dover Corporation
• Watson-Marlow Fluid Technology Group

Frequently Asked Questions:

1] What segments are covered in the Metering Pumps Market report?
Ans. The segments covered in the Metering Pumps Market report are based on the Type and Application.

2] Which region is expected to hold the highest share in the Metering Pumps Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Metering Pumps Market.

3] What is the market size of the Metering Pumps Market by 2029?
Ans. The market size of the Metering Pumps Market by 2029 is expected to reach US$ 9.34 Bn.

4] What is the forecast period for the Metering Pumps Market?
Ans. The forecast period for the Metering Pumps Market is 2022-2029.

5] What was the market size of the Metering Pumps Market in 2022?
Ans. The market size of the Metering Pumps Market in 2021 was valued at US$ 6.70 Bn.