Metering Pumps Market Size (2024 - 2029)

The metering pumps market is experiencing growth driven by rapid industrialization and the increasing need for wastewater treatment, particularly in the refining and pharmaceutical sectors. The market size is influenced by the rising demand for precise chemical dispersion in industries such as chemical processing and petrochemicals. Investments in refining and petrochemical complexes, especially in the Asia Pacific region, are expected to further expand the market. Additionally, the growing global population and manufacturing sector are accelerating the need for treated water, boosting the demand for metering pumps in desalination and wastewater treatment. Despite these growth factors, the market faced challenges due to the COVID-19 pandemic, which disrupted supply chains and reduced demand.

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Market Size of Metering Pumps Industry

Metering Pumps Market Size
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

Metering Pumps Market Key Players

*Disclaimer: Major Players sorted in no particular order

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
North America
United States
Canada
Europe
United Kingdm
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle-East and Africa
United Arab Emirates
Saudi Arabia
Rest of Middle-East and Africa
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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.

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Metering Pumps Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power Of Suppliers

      2. 1.2.2 Bargaining Power Of Buyers

      3. 1.2.3 Threat Of New Entrants

      4. 1.2.4 Threat Of Substitutes

      5. 1.2.5 Intensity Of Competitive Rivalry

    3. 1.3 Value Chain Analysis

    4. 1.4 Assessment of the Impact of Covid-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Diaphragm

      2. 2.1.2 Piston/Plunger

      3. 2.1.3 Others (peristaltic pumps, rotary pump)

    2. 2.2 By End-User

      1. 2.2.1 Oil & Gas

      2. 2.2.2 Water Treatment

      3. 2.2.3 Chemical Processing

      4. 2.2.4 Pharmaceuticals

      5. 2.2.5 Food & Beverage

      6. 2.2.6 Others (pulp & paper, Textile)

    3. 2.3 By Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

      2. 2.3.2 Europe

        1. 2.3.2.1 United Kingdm

        2. 2.3.2.2 Germany

        3. 2.3.2.3 France

        4. 2.3.2.4 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 South Korea

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 Latin America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Mexico

        3. 2.3.4.3 Rest of Latin America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 United Arab Emirates

        2. 2.3.5.2 Saudi Arabia

        3. 2.3.5.3 Rest of Middle-East and Africa

Metering Pumps Market Size FAQs

The Metering Pumps Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)

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.

Metering Pumps Report Snapshots

Global Metering Pumps Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)