According to the latest report by IMARC Group, titled “Metering Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” The global metering pump market size reached a value of US$ 6.1 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.1% during 2021-2026. A metering pumpis an industrial equipment powered by a small electric motor or air actuatorthat helps move fluids to other streams, vessels, or processing units at a precise flow rate and discharge pressure. It consists of an injector, pump, foot valve, control system, and chemical tank.It currently findsextensive application in oil and gas, food and beverage (F&B), paper and pulp, mining, and agriculture sectors across the globe.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Metering Pump Market Trends:
The growing demand for potable water on account of the increasing global population represents one of the key factors driving the demand for metering pumps to managewastewater released from pharmaceutical and refining industries. Moreover, metering pumps are finding significant applications in the chemical processing industry for injecting acids, alkalis, solvents, alcohol, and sensitive fluids. Besides this, product innovations and advancements in display and microprocessor technologies, along with the integration of smartphone compatible systems with digital pumping solutions, are offering lucrative growth opportunities to market players. In addition, the implementation of favorable government policies and the rising oil and gas exploratory activities around the world are expected to strengthen the market growth.
Global Metering Pump Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Grundfos, IDEX Corporation, LEWA (Nikkiso Co. Ltd.), Mcfarland-Tritan LLC, Milton Roy Company (Ingersoll Rand), ProMinent GmbH, Seepex GmbH, Seko S.P.A, SPX Flow Technology Norderstedt GmbH, Swelore Engineering Private Limited, Verder Group and Watson-Marlow Fluid Technology Group (Spirax-Sarco Engineering).
The report has segmented the market on the based on region, type and application
Breakup by Type:
- Diaphragm Pumps
- Piston Pumps
- Others
Breakup by Application:
- Water & Wastewater Treatment
- Oil & Gas
- Chemical Processes
- Pharmaceuticals
- Food & Beverages
- Paper & Pulp
- Others
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Other Reports By IMARC Group:
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