The market in the Asia-Pacific region accounts for the major share of the global hydraulic dosing pumps market because of the high demand after hydraulic dosing pumps in the water treatment industries of the emerging economies in the region. The market in the North America region is also expected witness lucrative growth owing to the extensive use of hydraulic dosing pumps in the chemical and oil & gas sector in the developed nations.
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One of the major factors responsible for the rise in demand for hydraulic dosing pumps is the extensive usage in the wastewater management sector. With a significant increase in the global population and the rise in concerns over the environmental impact caused by discharging the wastewater into the water-bodies has led two massive developments of wastewater management projects across the globe. For instance, the Namami Ganga and Clean Yamuna project announced in December 2017 by the Government of India is projected to construct 90 sewage treatment plants to treat River Ganga. Such developments in the water treatment sector are expected to boost the demand for hydraulic dosing pumps in the market. On the other hand, the hydraulic dosing pumps also play a major role in the oil & gas refineries.
Companies covered in the market report are Grundfos Holding A/S, ProMinent GmbH, Ingersoll Rand, IDEX Corporation, SPX Flow, Dover Corporation, LEWA Group, Verder Holding B.V., SEKO S.p.A., Lutz-JESCO America Corp., Milton Roy, IWAKI CO. LTD., and Tefen Flow & Dosing technologies.
COVID-19 scenarioanalysis:
The global hydraulic dosing pumps market has been impacted by the outbreak of the COVID-19 pandemic to a great extent.
Since the advent of the global pandemic, the oil & gas industries are experiencing a steep downfall as there is a drastic decrease in demand for fuel in the market. The application for dosing pumps declined, thereby affecting the market.
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Key benefits of the report:
- This study presents the analytical depiction of the global hydraulic dosing pumps industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global hydraulic dosing pumps market share.
- The current market is quantitatively analyzed from 2021 to 2029 to highlight the global hydraulic dosing pumps market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global hydraulic dosing pumps market analysis based on competitive intensity and how the competition will take shape in coming years.
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