Surat Samachar

Metering Pumps Market worth $7.9 billion by 2026, at a CAGR of 4.4%

 Breaking News
  • No posts were found

Metering Pumps Market worth $7.9 billion by 2026, at a CAGR of 4.4%

March 09
19:25 2021
Metering Pumps Market worth $7.9 billion by 2026, at a CAGR of 4.4%

Browse 312 market data Tables and 56 Figures spread through 294 Pages and in-depth TOC on “Metering Pumps Market”
Metering Pumps Market by Type (Diaphragm, Piston/Plunger), End-Use Industry (Water Treatment, Petrochemicals, Oil & Gas, Chemical Processing, Pharmaceuticals, Food & Beverages, Textile, Automotive, Pulp & Paper), and Region

The global metering pumps market size is projected to grow from USD 6.1 billion in 2020 to USD 7.9 billion by 2026, at a CAGR of 4.4% between 2020 and 2026. Factors such as stringent government regulations regarding water treatment, growth of chemical, and petrochemical and oil & gas industries, double-digit growth of pharmaceutical industry in developing countries, and the demand for digital pumping solutions are driving the metering pumps market. Moreover, the increasing demand for superior quality, reliable, and accurate metering systems and expansion of chemical plant capacities are expected to offer opportunities for metering pump manufacturers.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=949

 

Diaphragm pump segment estimated to lead the metering pumps market in 2019

By type, the Diaphragm pump segment accounted for the largest share in the overall metering pumps market. This growth can be attributed to the low cost of pump, high efficiency, and fluid handling capacity efficient. Compared to the other types, diaphragm metering pumps offer cost advantage, high accuracy, reliability, and suitability of several industrial application owing to which they are widely used in the water treatment, petrochemical, oil & gas, chemical, and other industries.

Water treatment segment is estimated to be leading consumer of metering pumps

The water treatment segment led the overall metering pumps market in 2019, both in terms of value and volume. Governments of several countries have passed laws and regulations for industries to treat the wastewater before discharging it into water bodies. Metering pumps are being used in wastewater treatment by accurate dosing of several chemicals, such as chlorine or other chemical additives, into the water to maintain pH level and kill pathogens. Therefore, the demand for metering pumps is increasing in the water and wastewater treatment plants.

APAC projected to account for the largest share of the metering pumps market during the forecast period

APAC is projected to have the largest share in the global metering pumps market, in terms of both value and volume, from 2020 to 2026. The APAC metering pumps market is driven by the thriving demand from the water treatment, oil & gas, and chemical industry.  APAC metering pumps market has been witnessing consistent growth due to the increasing water & wastewater treatment capacity in region, growth of the manufacturing sector, and double-digit growth of pharmaceutical and food & beverage industry. The rise in the demand for metering pumps from the oil & gas, chemical, and desalination industries is expected to drive the metering pumps market. Due to the COVID-19 pandemic, the economic growth of several countries such as India, ASEAN, and other countries, has been declining owing to disruption of the supply chain, declining demand for industrial product, the suspension of the manufacturing facilities, and declining oil & gas prices. The demand for metering pumps is therefore expected to decrease in several end-use industries in 2020.

IDEX Corporation (US), LEWA (Germany), Ingersoll Rand (US), Dover Corporation (US), ProMinent (Germany), Grundfos (Denmark), SEKO (Italy), and Watson-Marlow Fluid Technology Group (UK) are the key players operating in the metering pumps market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the metering pumps market.

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=949

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/metering-pump-market-949.html