ID: MRFR/E&P/2137-HCR | 132 Pages | Published By Anshula Mandaokar on March 2023
The Metering Pump Market was registered at a CAGR of 6.5% during the forecasted period of 2016 to 2023.
The metering pump market was registered at a CAGR of 6.5% during the forecasted period of 2022-2030, with increasing investment in modernization of infrastructure.Also, it was valued at USD 3.70 billion in 2016 and now is projected to reach USD 5.30 billion by 2023. Hence the metering pump market size increases every year and will hopefully attain the estimated profit by the forecasted period.Metering pumps are also known as dosing pumps or chemical injection pumps. Metering pumps are designed with the atmospheres to move fluids at highly accurate fluids over a correct amount of period. Metering pumps are applicable for high levels of accuracy in pumping a wide variety of liquids in a host of end-used industries. Also, metering pumps are environmentally friendly wastewater disposable. And due to the increasing modernization of infrastructure investment into metering pumps its demand has increased. Metering pumps are widely used in industries. For example waste and wastewater treatment food and beverages pulp and paper petrochemicals and the oil and gas industry. All these domains and sectors of industries are expected to drive the market for the metering pump.
As for the growing situation of coronavirus the second wave has currently hit the Indian regions mostly. Hence there are problems in lifting the metering pump market once again to its initial level of profit. Metering pumps market although the decline in the year of 2020 and continue to step down in the year of 2021. The pandemic has proved to be a dismay to almost everybody. The market was closed due to lockdown hence purchasing, manufacturing as well as producing all the three processes went down altogether. It is believed that soon in 2022 things would get much more normal and the market would go back to the same level of growth in the forecasted period.
The most prominent major key players in the global market are as follows:
These most prominent key players in the global market use strategies. These techniques and strategies include acquisitions and mergers, new products and developments, and research and development in the global building market. These joint ventures and alliances are used to track and analyze competitive developments.
Due to increasing demands in the devices that are environmentally friendly wastewater disposable and also there is an investment in the modernization of infrastructure which is estimated to drive the global metering pump market. In addition to this, there is increasing usage of metering pumps across all the sectors such as the waste and wastewater treatment sector, food and beverage sector, pulp and paper sector, petrochemical sector, and oil and gas sector. All these factors together are expected to increase the demand for metering pumps in the global market.
The metering pump market is growing tremendously in the global markets. Still, there are various hindrances in the path of success. The various factors that drive the market down are numerous. To name a few of these, metering pumps are not an ideal device for operations if there is a requirement for a huge quantity of fluid to be transported, in a very short period. Yes, metering pumps are not quick or fast. And in addition to this problem, there is one issue that marks a downfall in market trends, which is that it can not move many types of gases. Most of the gases cannot be moved or transported through a metering pump.
The global market has been divided based on region into North America Europe and the Asia Pacific.
Among all these regions, the market share of Asia Pacific holds the largest and the fastest-growing market position. Chinese was the largest metering pump market during the forecasted period. China is the single largest and user of metering pumps. The reason why China holds such a mighty position is due to the comparatively low cost of materials available in China. Also, there is soaring growth of end-use applications with high domestic and foreign investment drives the growth in China. The Asia Pacific dominates the market with high investments from manufacturers for their capacity expansion as well.
The global metering pump market research report consists of the following elements:
This global market research report consists of the factors that drive the global market in the global market along with the factors that restrict the market in the global market. The impact of COVID 19 on the market is also estimated. The report also covers various objectives of metering pumps in the global market. The future growth rate of the global market is mentioned.
The targeted audience in the metering pump market industry are as follows-
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type and Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Lewa GmbH (Germany), Milton Roy Company (U.S.), IDEX Corporation (U.S.), Injection Technical Control Incorporation (Spain), Mcfarland-Tritan LLC (U.S.), Seepax GmbH (Germany), Prominent Dosiertechnik GmbH (Germany), Seko S.P.A. (Italy), Swelore Engineering Private Limited (India) and SPX Flow Technology Norderstedt GmbH (Germany).|
|Key Market Opportunities||New product launches and R&D Amongst major key Players|
|Key Market Drivers||
Top key players in the industry are Lewa GmbH (Germany), Milton Roy Company (U.S.), IDEX Corporation (U.S.), Injection Technical Control Incorporation (Spain), Mcfarland-Tritan LLC (U.S.), Seepax GmbH (Germany), Prominent Dosiertechnik GmbH (Germany), Seko S.P.A. (Italy), Swelore Engineering Private Limited (India) and SPX Flow Technology Norderstedt GmbH (Germany), and others.
The estimated CAGR of the metering pump market is 6.5 % CAGR in the forecasted period of 2022 to 2030.
The market segmentation that is covered under this research report of the metering pump market is type and application.
The major market drivers in the metering pump market are as follows Increase in the growing demand for environment-friendly wastewater disposable devices Increase in investment in the modernization of infrastructure