“The Metering Pumps Market is expected to grow at a CAGR of 6.2% during forecast period”
The metering pumps market is projected to reach USD 5.22 billion by 2031, at a CAGR of 6.2% from 2022 to 2031.
A metering pump is a positive displacement chemical dosing/injection device with the ability to vary capacity manually or automatically as per requirement of the process conditions. It is used for pumping a wide range of chemicals including acids, bases, corrosives or viscous liquids, and slurries. Additionally, it works on a repetitive basis with a high level of accuracy. Hence, its demand is expected to rise from water treatment, chemical processing, pharmaceuticals, food & beverages, pulp & paper, petrochemicals, oil & gas industries.
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“Diaphragm metering pump; the dominant type in the metering pumps market”
The diaphragm type of metering pump is projected to grow at the highest CAGR during the forecast period. It has been used for handling corrosive liquids and fluids containing suspensions of abrasive solids. This type of metering pump is widely used for dosing and chemical injection applications due to its safe, precise, and efficient operations. In addition, the only moving parts of the pump that are in contact with liquid are valves. Hence, the possibility of wear and tear is very less.
“Food and beverage; the fastest-growing end-use industry for metering pumps”
The food and beverage industry is the fastest-growing end-use industry during the forecast period. A major driver of the food and beverage industry is the growing population in the Asia-Pacific region. The vast population base, changing consumer lifestyle, increasing disposable income, and implementation of food security policies are the factors driving the processed food industry and hence the usage of metering pumps in food and beverage industry.
“Asia-Pacific is projected to be the fastest-growing market for metering pumps”
Asia-Pacific is projected to be the fastest-growing market for the metering pumps, owing to the increasing development activities such as expansions or setting up of new manufacturing facilities by end-use industries such as oil & gas, chemical processing, water treatment, and pharmaceuticals in this region. China is projected to be the fastest-growing market for metering pumps in Asia-Pacific, followed by India and Japan. China holds the major share of metering pumps in Asia-Pacific due to its large metering pumps production and consumption.
Extensive primary interviews were conducted to determine and verify the market size for several segments and subsegments and information gathered through secondary research.
The break-up of primary interviews is given below:
• By Company Type – Tier 1 – 37%, Tier 2 – 50%, and Tier 3 – 13%
• By Designation – C level – 50%, Director level – 31%, and Others – 19%
• By Region – North America – 31%, Europe – 38%, Asia-Pacific– 25%, and RoW- 6%
The companies profiled in this market research report include IDEX Corporation (U.S.), Injection Technical Control Incorporation (Spain), Lewa GmbH (Germany), Mcfarland-Tritan LLC (U.S.), Milton Roy Company (U.S.), Prominent Dosiertechnik GmbH (Germany), Seko S.P.A. (Italy), Swelore Engineering Private Limited (India), Seepax GmbH (Germany), and SPX Flow Technology Norderstedt GmbH (Germany).
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This research report categorizes the metering pumps market on the basis of type, end-use industry, and region. The report includes detailed information regarding the major factors influencing the growth of the metering pumps market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into business overviews, products & services, key strategies, expansions, mergers & acquisitions, new product developments, agreements, and recent developments associated with the market.
Reasons to Buy the Report
The report will help market leaders/new entrants in this market in the following ways:
1. This report segments the metering pumps market comprehensively and provides the closest approximations of market sizes for the overall market and sub-segments across verticals and regions.
2. The report will help stakeholders understand the pulse of the market and provide them information on the key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders understand the major competitors and gain insights to enhance their position in the business. The competitive landscape section includes expansions, acquisitions, and new product developments.
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