Aug 11, 2021   SOURCE: BusinessWire

$7.9 Billion Metering Pumps Markets, 2026 - Focus on Water Treatment, Petrochemicals, Oil & Gas, Chemical Processing, Pharmaceuticals, Food & Beverages, Textile, Automotive, Pulp & Paper - ResearchAndMarkets.com

The "Global Metering Pumps Market by Type (Diaphragm, Piston/Plunger), End-use Industry (Water Treatment, Petrochemicals, Oil & Gas, Chemical Processing, Pharmaceuticals, Food & Beverages, Textile, Automotive, Pulp & Paper), and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The global metering pumps market is projected to grow from USD 6.1 billion in 2020 to USD 7.9 billion by 2026, at a compound annual growth rate (CAGR) of 4.4% between 2020 and 2026.

Factors, such as stringent regulations pertaining to water and wastewater treatment, growth of the manufacturing sector, and increasing production and refining capacity in chemical and oil & gas industry, are supporting the growth of the metering pumps market.

The US, Germany, France, India, and China are the major markets. Due to the COVID-19 pandemic, the demand for metering pumps has been declining due to slump in the refinery throughput, and postponement of the expansion projects across the globe.

Diaphragm pumps is projected to maintain ascendency during the forecast period

In terms of volume, the diaphragm pumps segment dominates the global metering pumps market. Compared to the other types, diaphragm pumps offer cost advantage, high reliability, high accuracy, low maintenance, and high efficiency due to which it is widely used in the water treatment, oil & gas, chemical, and other industries.

Water treatment segment projected to lead the metering pumps market from 2020 to 2026

Water treatment segment is the largest and steady-growing end-use industry. This is mainly attributed to the stringent government regulations, increasing investment on water infrastructure development, and increasing capacity of desalination plants across the globe, among others, which support the growth of the market. Metering pumps are being used in wastewater treatment by accurate dosing of several chemicals, such as chlorine or other chemical additives, into the water to maintain pH level and kill pathogens. Therefore, the demand for metering pumps is increasing in the water and wastewater treatment plants.

APAC projected to account for the largest share of the global metering pumps market during the forecast period

APAC is projected to lead the global metering pumps market from 2020 to 2026. The market in the region is expected to witness a growing demand from the water treatment, petrochemical, oil & gas and chemical industries. The growth of the APAC pharmaceutical and food & beverage industry is also creating opportunities for the metering pumps market. Further, the growing desalination industry is driving the metering pumps market in the region.

The global metering pumps market comprises major manufacturers such as IDEX Corporation (US), LEWA (Germany), Ingersoll Rand (US), Dover Corporation (US), ProMinent (Germany), Grundfos (Denmark), SEKO (Italy), and Watson-Marlow Fluid Technology Group (UK).

Market Dynamics

Drivers

  • Stringent Regulations for Wastewater Treatment and Increasing Capacity Additions
  • Increasing Pharmaceuticals Production Capacity in APAC Along with the Spread of COVID-19
  • Suitability, High Efficiency, and High Performance of Diaphragm Pumps

Restraints

  • Economic Slowdown, Declining Oil Prices, and the Impact of COVID-19 on the Oil Industry
  • Raw Material Price Fluctuations

Opportunities

  • Increasing Capacity Expansions and Joint Venture Activities by End-users in High-Growth Markets
  • Growing Preference of End-users for Digital Pumping Solutions and Advanced Pumps

Challenges

  • Growing Customization Demands from End-use Industries
  • Low Scope of Product Differentiation

Companies Mentioned

  • Aalborg Instruments & Controls, Inc.
  • Blue-White Industries Ltd.
  • Dover Corporation
  • Enelsa Endustriyel Elektronik
  • Etatron D. S.
  • Flowrox Oy
  • Graco, Inc.
  • Grundfos A/S
  • IDEX Corporation
  • Ingersoll Rand, Inc.
  • Initiative Engineering
  • Integra
  • Lewa Group
  • ProMinent GmbH
  • Seepex GmbH
  • Seko S.p.A.
  • Shree Rajeshwari Engineering Works Pvt. Ltd.
  • SPX Flow, Inc.
  • Swelore Engineering Pvt. Ltd.
  • Tapflo Group
  • Verder Group
  • Wanner Engineering Inc.
  • Watson-Marlow Fluid Technology Group (WMFTG)

For more information about this report visit https://www.researchandmarkets.com/r/hiz4g3