Market Research Future Insights:
By transferring a precise volume of liquid in a predetermined amount of time, a metering pump aids in the precise measurement of the volumetric flow rate. In a variety of industry verticals where exact flow rate is crucial, they are perfectly suited for pumping a wide range of liquids.
The market for metering pumps has grown recently and reached USD 3.70 billion in 2016.
In its most recent analysis, it has been identified that several important trends and drivers are influencing the worldwide metering pumps market and predicted a CAGR of 6.5% for the projection period of 2022–2030. The market, according to MRFR, will grow to $5.30 BN by the end of 2023.
Due to their widespread use in the chemical industry, metering pumps are also known as chemical dosing pumps or chemical injection pumps. Pumping chemicals, solutions, and other liquids is done with metering pumps. High-pressure chromatography inevitably uses metering pumps, which is one of the main drivers fueling the market's expansion.
Metering pumps have excellent flow rate control and can transfer a variety of liquids, from thick to thin. They are also appropriate for transporting dangerous, expensive, or corrosive liquids. Growth in the chemical industry is positive for the market for metering pumps.
The market for metering pumps experiences significant demand that is largely driven by the waste and wastewater sector. Metering pumps make precise chemical additive distribution possible during the water treatment process. They are employed in the food industry to blend liquids in food processing facilities. In the beverage sector, metering pumps are crucial for dosing and injection purposes.
Increased quality standards in the food industry and stricter regulatory guidelines for the safety of drinking water are other promising developments for the market for metering pumps. Pumps used for metering are also employed in oil and gas operations. They assist in lowering frictional losses caused by the movement of liquid natural gas or oil through pipelines.
Key Players:
· Lewa GmbH (Germany)
· Milton Roy Company (U.S.)
· IDEX Corporation (U.S.)
· Injection Technical Control Incorporation (Spain)
· Mcfarland-Tritan LLC (U.S.)
· Seepex GmbH (Germany)
· Prominent Dosiertechnik GmbH (Germany)
· Seko S.P.A. (Italy)
· Swelore Engineering Private Limited (India)
· SPX Flow Technology Norderstedt GmbH (Germany)
Regional Analysis:
The Diaphragm pumps market size has been divided into North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). The market for metering pumps in APAC is promising and is predicted to develop at the fastest rate over the forecast period. Significant domestic and international investment has been drawn to the region's manufacturing sector. In addition, the area benefits from economies of scale because it has access to reasonably priced labour and low-priced raw resources. Furthermore, the market is thriving in the area because to favourable government laws. Another important element boosting the market's growth is the end-use industries' explosive growth. China is the single largest end user for metering pumps and is expected to capture the largest share of the market.
Market Segmentation:
Based on type and application, the market for metering pumps has been divided globally. The market for metering pumps has been divided into diaphragm and piston pump types. The treatment of water and wastewater, petrochemicals, chemicals, oil & gas, and other applications.
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