DUBLIN–(BUSINESS WIRE)–The "Metering Pump Market Research Report: By Type (Diaphragm, Piston), End User (Water Treatment, Petrochemicals, Oil and Gas, Chemical Processing, Pharmaceuticals, Food and Beverage, Pulp and Paper) – Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The metering pump market is projected to attain a value of $6.8 billion in 2030, increasing from $4.4 billion in 2019, progressing at a 3.9% CAGR during the forecast period (2020-2030).
As the population across the globe is increasing, the demand for fresh and clean water is also surging. However, owing to swift industrialization, water bodies have been polluted. This has caused a major crisis, especially in developing countries, where adequate facilities are not present for catering to the needs of people. In order to take care of this problem, governments of various countries have implemented several regulations regarding water treatment.
Since metering pumps are used widely in the water treatment sector, the global metering pump market is expected to grow at a considerable pace in the years to come. These pumps are utilized for feeding chemical additives to the wastewater for eliminating slurry, pollutants, and harmful microorganisms. Other than water treatment plants, the demand for metering pumps is also growing from the oil & gas industry. In the industry, metering pumps are utilized in the dosing of corrosion inhibitors and the extraction of natural gas & oil.
The increasing product of crude oil in the U.S., Iraq, Russia, Saudi Arabia, and many other countries is driving the demand for metering pumps. According to the U.S. Energy Information Administration, 10.96 million barrels of crude oil were produced in the U.S. in 2018. The production of crude oil is projected to grow further in the coming years. This rising production of crude oil is projected to drive the demand for metering pumps in the coming years.
When type is taken into consideration, the market is divided into piston and diaphragm, between which, the diaphragm division held the larger share of the market during the historical period (2014-2019). The division is further expected to witness the higher CAGR during the forecast period, owing to the various advantages of these metering pumps.
Diaphragm metering pumps have the ability to handle corrosive, abrasive, and flammable liquids, along with the ability to pump liquids of much-higher viscosities. In addition to this, these metering pumps are more cost-efficient and energy-efficient to operate in the long run, as compared to their counterparts. These pumps are further of two types, namely polytetrafluoroethylene (PTFE) and metallic, between which, the PTFE type accounted for the larger share of the market in 2019. These pumps are robust and flexible.
Geographically, the metering pump market was dominated by Asia-Pacific during the historical period. Within the region, India and China, accounted for the major share of the regional market, due to the industrial expansion and surging population that is creating high requirement for fresh water. The region is further expected to witness the fastest growth during the forecast period, owing to the increasing developmental activities, such as setting up of new manufacturing facilities in different industries.
In conclusion, the market is growing due to the increasing demand for metering pumps from oil & gas industry and rising need for fresh water.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
4.1.2 By End User
188.8.131.52 Water treatment
184.108.40.206 Oil & gas
220.127.116.11 Chemical processing
18.104.22.168 Food & beverage
22.214.171.124 Pulp and paper
4.2 Value Chain Analysis
4.3 Market Dynamics
126.96.36.199 Increasing demand for energy-efficient metering pumps
188.8.131.52 Strict government regulation regarding water treatment
184.108.40.206 Rising demand from oil & gas industry
220.127.116.11 Growing chemical industry
18.104.22.168 Impact analysis of drivers on market forecast
22.214.171.124 Maturity of the North American and European markets
126.96.36.199 Impact analysis of restraints on market forecast
188.8.131.52 Coal bed methane reserves
4.4 Impact of COVID-19 on Metering Pump Market
4.5 Porter's Five Forces Analysis
Chapter 5. Global Market Size and Forecast
5.1 By Type
5.1.1 Diaphragm Metering Pump, by Type
5.2 By End User
5.2.1 Oil & Gas Metering Pump, by Application
5.3 By Region
Chapter 6. APAC Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. North America Market Size and Forecast
Chapter 9. MEA Market Size and Forecast
Chapter 10. LATAM Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 List of Market Players and Their Offerings
11.2 Market Share Analysis of Key Players
11.3 Comparison of Key Players
11.4 Strategic Developments of Key Players
11.4.1 Mergers & Acquisitions
11.4.2 Product Launches
Chapter 12. Company Profiles
- Spirax-Sarco Engineering plc
- Dover Corporation
- Verder International B.V.
- SEKO S.p.A.
- Grundfos Pumps Corporation
- LEWA GmbH
- IDEX Corporation
- ProMinent GmbH
- Ingersoll Rand plc
- Blue-White Industries Ltd.
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