Market Size of Metering Pumps Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.50 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Metering Pumps Market Analysis
The Global Metering Pumps Market is expected to register a CAGR of 4.5% during the forecast period (2022-2027). Rapid industrialization, coupled with the increasing requirement for wastewater treatment from refining and pharmaceutical industries, is among the pivotal factors driving the growth of the studied market.
- Chemicals, having various properties and characteristics, find applications in almost all industries. However, if used without adequate control, chemicals (often procured and stored in high concentrations) can cause harm to people and the environment. Hence, it is important to ensure that chemicals are precisely dispersed in the manufacturing process. The chemical processing and petrochemical industries are witnessing increased employment of metering pumps for injection of solvents, acids, etc.
- In March 2022, Saudi Crown Prince Mohammed bin Salman (MBS) cemented a USD 10 billion deal for a refining and petrochemical complex in China. Further, the kingdom pledged an investment of USD 20 billion in Pakistan and sought to make additional investments in India's refining industry. Such investments would boost the growth of the studied market in the Asia Pacific region.
- The United Nations (UN) estimates that 2.2 billion people lack access to clean drinking water and that annual water use is rising by 1%. Additionally, it is predicted that more than 80% of wastewater is released into the environment untreated. The manufacturing sector currently utilizes 19 % of fresh water, and by 2050, that percentage is expected to rise to 24 %, according to the UN World Water Development Report. The pressing requirement for treated, clean water is being accelerated by the increasing global population and expanding manufacturing sector. These factors encourage the employment of metering pumps for desalination, wastewater and sewage treatments, etc.
- Further, several companies are innovating comprehensive products to cater to the industrial and manufacturing sectors. For instance, in June 2022, blue-white introduced FLEXFLO A5 high-volume peristaltic metering pump for industrial applications. It is a fully enclosed and easily configurable pump that does not require external control devices to operate. It features a large 5 display for easy viewing with simple and intuitive touchscreen controls and icon-driven menu navigation. The A5 remote control signal options include Pulse, 4-20mA, Modbus TCP, EtherNet/IP, and PROFIBUS for enhanced supervision and automation for critical metering and transfer applications.
- However, the market for metering pumps was harshly impacted by the COVID-19 pandemic and supply-demand imbalance. Due to the pandemic, there has been a drop in refinery throughput, a halt in manufacturing, disruption of the supply chain, and the postponement of expansion projects worldwide, which has resulted in a decrease in demand for metering pumps.
Metering Pumps Industry Segmentation
Metering pumps and dosing pumps are designed to dispense specific amounts of fluid and measure flow control. They use expanding and contracting chambers to move the liquids. They have a high accuracy over time and can pump many liquids, including corrosives, acids, bases, slurries, and viscous liquids.
The Global Metering Pumps Market is Segmented by Type (Diaphragm, Piston/Plunger), End-User (Oil & Gas, Water Treatment, Chemical Processing, Pharmaceuticals, Food & Beverage), and Geography.
| By Type | |
| Diaphragm | |
| Piston/Plunger | |
| Others (peristaltic pumps, rotary pump) |
| By End-User | |
| Oil & Gas | |
| Water Treatment | |
| Chemical Processing | |
| Pharmaceuticals | |
| Food & Beverage | |
| Others (pulp & paper, Textile) |
| By Geography | |||||||
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Metering Pumps Market Size Summary
The Global Metering Pumps Market is poised for growth, driven by rapid industrialization and the increasing demand for wastewater treatment, particularly in the refining and pharmaceutical sectors. Metering pumps play a crucial role in the precise dispersion of chemicals, which is essential for maintaining safety and environmental standards in manufacturing processes. The chemical processing and petrochemical industries are increasingly adopting these pumps for the injection of various substances, such as solvents and acids. Significant investments in refining and petrochemical complexes, especially in the Asia Pacific region, are expected to further propel market expansion. Additionally, the pressing need for clean water and effective wastewater treatment solutions, exacerbated by global population growth and industrial expansion, is driving the adoption of metering pumps in water treatment applications.
The market is characterized by moderate segmentation, with key players like Milton Roy Company, PSG (Dover Corporation), and Seko S.P.A. actively innovating to meet the specific needs of their customers. Recent advancements include the introduction of high-volume peristaltic metering pumps and technologies that enhance chemical dosing accuracy in water treatment applications. Despite challenges posed by the COVID-19 pandemic, such as supply chain disruptions and decreased demand in certain sectors, the market is recovering and poised for growth. Government initiatives and international collaborations, such as those in India and China, aim to improve wastewater management and treatment infrastructure, offering lucrative opportunities for market players. The ongoing expansion of the industrial sector in developing regions, coupled with stable growth in developed markets, underscores the increasing demand for metering pumps globally.
Metering Pumps Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power Of Suppliers
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1.2.2 Bargaining Power Of Buyers
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1.2.3 Threat Of New Entrants
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1.2.4 Threat Of Substitutes
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1.2.5 Intensity Of Competitive Rivalry
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1.3 Value Chain Analysis
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1.4 Assessment of the Impact of Covid-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Diaphragm
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2.1.2 Piston/Plunger
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2.1.3 Others (peristaltic pumps, rotary pump)
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2.2 By End-User
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2.2.1 Oil & Gas
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2.2.2 Water Treatment
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2.2.3 Chemical Processing
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2.2.4 Pharmaceuticals
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2.2.5 Food & Beverage
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2.2.6 Others (pulp & paper, Textile)
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2.3 By Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.2 Europe
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2.3.2.1 United Kingdm
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2.3.2.2 Germany
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2.3.2.3 France
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2.3.2.4 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 South Korea
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Latin America
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2.3.4.1 Brazil
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2.3.4.2 Mexico
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2.3.4.3 Rest of Latin America
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2.3.5 Middle-East and Africa
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2.3.5.1 United Arab Emirates
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle-East and Africa
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Metering Pumps Market Size FAQs
What is the current Metering Pumps Market size?
The Metering Pumps Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)
Who are the key players in Metering Pumps Market?
Milton Roy Company, Seko S.P.A, ProMinent GmbH, SPX Flow Technology Norderstedt GmbH and Verder Group are the major companies operating in the Metering Pumps Market.
