The global metering
pumps market is forecast to reach USD 7.40 Billion by 2026, according
to a new report by Reports and Data. The growing demand from end use
industries, coupled with the rising industrialization and urbanization in
emerging economies governs the growth of the market. The surging demand for
environment friendly waste-water treatment procedures will also contribute to
the increasing demand for metering pumps in the coming years. The most common
applications of metering pumps include water treatment, chemical, food
processing, and other industries where well-defined flow rate is essential,
when tasks such as the chemical treatment of water in boilers for use in
cooling towers, or while working potable water. Other applications include
operations such as for the blending of liquids in food processing plants, and
to reduce frictional losses when moving oil or liquid natural gas in pipelines,
and many others.
Further key findings from
the report suggest
- Among the pump drives, the solenoid-driven pumps
accounted for the largest market share of ~41% in the year 2018. Solenoid
pumps are usually used in water treatment and chemical processing plants.
Solenoid pumps are the simplest type of pumps because they have very few
moving parts, due to which the drive is virtually wear-free. The pump
requires no lubricated bearings or shafts; thus, lowering the maintenance
and repair costs. They also provide outstanding continuous running
characteristics.
- Among the product type, the diaphragm metering pumps
accounted for the largest market share of ~45% in the year 2018. Diaphragm
pumps are one of the most versatile pumps. They have the ability to handle
a wide range of viscosity, including caustic and abrasive. Since they
operate on air, they are intrinsically safe and considered as
explosion-proof when grounded properly and following local code. The pumps
need no complicated controls, fittings, or motors to install and operate.
Moreover, these require less maintenance and are relatively inexpensive.
- The peristaltic pumps are forecast to witness the
highest CAGR of 7.1% during the forecast period. Peristaltic pumps limit
the media to tubing to avoid contamination of the pump and fluid. Thus,
the contamination-free properties of these pumps makes it particularly
suitable for use in high purity applications, including the transfer or
dosing of additives and chemicals in food, pharmaceutical, and
semiconductor applications.
- The Asia Pacific region held the largest market share
of ~29% in the year 2018 and is anticipated to witness the highest CAGR of
7.4% during the forecast period. One of the key factors contributing to
the growth of the Asia Pacific market is the increase in infrastructural
and industrial development. China, India, Japan, and other Asian countries
are experiencing robust investments in infrastructure, which is expected
to aid in increasing industrial output. The improving economic conditions
in the Asia Pacific region is also expected to provide further
opportunities for pump manufacturers, owing to the growing construction,
automotive, and manufacturing industries in the coming years.
- Key participants include Flowrox, Graco Inc., Dover
Corporation, IDEX Corporation, Grundfos, Lewa, Injection Technical Control
Incorporation, Milton Roy, Mcfarland-Tritan LLC, SPX Flow Technology
Norderstedt GmbH, Prominent, Seko S.P.A, Seepex GmbH, Verder Group,
Swelore Engineering Private Limited, and Wanner Engineering, among others.
The companies have adopted various strategies, including mergers,
acquisitions, and partnerships to hold ongoing trails and come up with new
developments in the market.
To identify the key trends in
the industry, click on the link below: https://www.reportsanddata.com/report-detail/metering-pumps-market
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