Dec 14, 2018   SOURCE: BusinessWire

Global Metering Pumps (Diaphragm, Piston/Plunger) Market 2018-2023: Focus on Water Treatment, Petrochemicals, Oil & Gas, Chemical Processing, Pharmaceuticals, Food & Beverages, Pulp & Paper - ResearchAndMarkets.com

The "Metering Pumps Market by Type (Diaphragm, Piston/Plunger), End-Use Industry (Water Treatment, Petrochemicals, Oil & Gas, Chemical Processing, Pharmaceuticals, Food & Beverages, Pulp & Paper), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

High growth application areas, stringent government regulations, and digital pumping solutions to drive the metering pumps market

The metering pumps market is estimated to grow from USD 4.3 billion in 2018 to USD 5.9 billion by 2023, at a compound annual growth rate (CAGR) of 6.5%

The metering pumps market is driven by rising demand in the petrochemicals, oil & gas industry, growing need for water treatment, and increasing demand for pharmaceutical products. The maturity of the North American and European market could act as a restraint for the overall market.

Market Dynamics

Drivers

  • Stringent Government Regulations Regarding Water Treatment
  • High Growth in End-Use Industries
  • Rising Demand for Metering Pumps in the Oil & Gas Industry
  • Growing Need for Water/Wastewater Treatment
  • Increasing Demand for Pharmaceutical Products
  • Demand for Digital Pumping Solutions

Restraints

  • Maturity of North American and European Markets

Opportunities

  • Expansion of Chemical Plant Capacities
  • Increasing Demand for Superior Quality, Reliable, and Accurate Metering Systems

Challenges

  • Price Sensitivity of End Users and Lack of Knowledge
  • Growing Customization Demand From Consumers

Companies Mentioned

  • Dover Corporation
  • Flowrox
  • Graco Inc.
  • Grundfos
  • IDEX Corporation
  • Injection Technical Control Incorporation
  • Lewa
  • Mcfarland-Tritan LLC
  • Milton Roy
  • Prominent
  • SPX Flow Technology Norderstedt GmbH
  • Seepex GmbH
  • Seko S.P.A
  • Swelore Engineering Private Limited
  • Verder Group
  • Wanner Engineering
  • Watson-Marlow Fluid Technology Group

For more information about this report visit https://www.researchandmarkets.com/research/kb6wqh/global_metering?w=4