USD 6.57 billion
Report ID: SQMIG20C2012 | Region: Global | Published Date: June, 2022 | Pages: 165
Global metering pumps market is valued at USD 6.57 billion in 2021, and it is anticipated to attain a value of USD 9.32 billion by 2028, at a CAGR of 5.12% over the forecast period(2022–2028).
Stringent water treatment regulations, expansion of manufacturing sector, growth of the chemical, oil & gas, and the pharmaceutical sector are some of the key factors responsible for growth of metering pumps market. In terms of end-users, the water treatment segment was the largest consumer of the metering pumps in 2020. This growth is attributed to governments promotion for safe drinking water for all. For instance, in Canada, a protocol for safe drinking water was made to eliminate all water-borne diseases hence, the water treatment projects increased giving rise to the demand for metering pumps.
Global Market Size
USD 6.57 billion
Largest Segment
Water Treatment
Fastest Growth
Petrochemicals & Oil & Gas
Growth Rate
5.12% CAGR
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Global metering pumps market is segmented based on type, end-use, and region. Based on type, it is categorized into: diaphragm pumps, piston/plunger pumps, others. Based on end-use, it is categorized into water treatment, petrochemicals & oil & gas, chemical processing, pharmaceuticals, food & beverages, pulp & paper, automotive, textile, and others. By region, the market is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by End-Use
Water treatment is predicted to account for the overwhelming share of worldwide metering pumps in terms of end-user. Metering pumps are used to transport and inject flocculent, suspension breakers, chemical reagents, and sludge removers, as well as to dose acids and alkalis for pH control. The market is being driven by the growing need for water and wastewater treatment in countries such as China, India, and the United States. Another driver for the metering pumps market is the increasing number of desalination facilities in GCC nations and other developed and emerging countries to fulfil water shortages. The US EPA announced a USD 6 billion investment in water infrastructure projects under the Water Infrastructure Finance and Innovation Act of 2014 in October 2020.
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Asia Pacific is dominating the global metering pumps market and is also expected to grow at the fastest CAGR. Wherein, the region is witnessing strong demand for the product coming from the chemical, water treatment, and oil & gas industries. Apart from these industries, food & beverages and pharma sectors are also adding fuel to the overall market growth. Apart from this, the region has over 65% of the global population and most of them is concentrated in India and China, which has also driven the demand for safe drinking water.
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Driver
Restraints
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The market is characterized by the presence of a few well-established players. New product launches, partnerships and investing in research & development have been a key business strategy in the global metering pumps market.
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Recent Developments
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It is anticipated that water treatment is predicted to account for a larger percentage of global metering pumps market. Metering pumps are used to transport and inject flocculent, suspension breakers, chemical reagents, and sludge removers, as well as to dose acids and alkalis for pH control. The market is being driven by the growing need for water and wastewater treatment in countries such as China, India, and the United States.
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Report Metric | Details |
---|---|
Market size value in 2021 | USD 6.57 billion |
Market size value in 2028 | USD 9.32 billion |
Growth Rate | 5.12% |
Base year | 2021 |
Forecast period | 2022–2028 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered | s Profiles
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Metering Pumps Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Metering Pumps Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Metering Pumps Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Metering Pumps Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Basic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOWGlobal metering pumps market is valued at USD 6.57 billion in 2021, and it is anticipated to attain a value of USD 9.32 billion by 2028, at a CAGR of 5.12% over the forecast period(2022–2028).
The market is characterized by the presence of a few well-established players. New product launches, partnerships and investing in research & development have been a key business strategy in the global metering pumps market. 'IDEX Corporation (US)','LEWA (Germany)','Ingersoll Rand (US)','Dover Corporation (US)','ProMinent (Germany)','Grundfos (Denmark)','SEKO (Italy)','Watson-Marlow Fluid Technology Group (UK)','Kirloskar Brother Limited (India)','KSB (Germany)'
With increasing water population due to industrial effluent, several governments around the globe mandated companies to treat waste water before dumping it into natural water bodies or stream. Metering pumps are used in wastewater treatment to accurately dose chemicals into the water, such as chlorine or other chemical additions, to maintain pH levels and kill bacteria. As a result, the need for metering pumps in water and wastewater treatment facilities is expanding. For example, many prominent firms, including Milton Roy, Prominent, and Lewa, are providing metering pumps for wastewater management that can handle solid waste (contaminants in fluid), have improved anti-corrosive qualities, and increase operational efficiency. Thus, the metering pumps market is likely to be driven by stringent government regulations.
Consumers are demanding more sustainable items as they grow more ecologically conscious. Participants in the metering pumps market must also guarantee that the production procedures are long-term. Because of this, energy-efficient metering pumps are becoming more popular.
Asia Pacific is dominating the global metering pumps market and is also expected to grow at the fastest CAGR. Wherein, the region is witnessing strong demand for the product coming from the chemical, water treatment, and oil & gas industries. Apart from these industries, food & beverages and pharma sectors are also adding fuel to the overall market growth. Apart from this, the region has over 65% of the global population and most of them is concentrated in India and China, which has also driven the demand for safe drinking water.
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Product ID: SQMIG20C2012