DUBLIN, Aug. 30, 2018 /PRNewswire/ --
The "Hydraulic Dosing Pump Market by Type (Diaphragm, Piston), End-user (Agriculture, Livestock, Industry (Water, Oil & Gas, Chemical, Power), Discharge Pressure (Up to 25 Bar, 25-100, Above 100 Bar), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The overall hydraulic dosing pump market is estimated to grow from USD 771.8 million in 2018 to USD 949.3 million by 2023, at a CAGR of 4.23%.
The hydraulic dosing pump market is driven by factors such as the growing demand from the chemical industry and rising investments in the water & wastewater treatment industry. Growth in demand from the oil & gas sector is expected to boost the demand for hydraulic dosing pumps. The increasing implementation of smart dosing technologies coupled with refining capacity additions in the Asia Pacific and the Middle East present great opportunities for the hydraulic dosing pump market.
The report segments the hydraulic dosing pump market, by type, into diaphragm, piston, and others. The diaphragm pump segment is estimated to lead the hydraulic dosing pump market in 2018. The diaphragm pump segment is also projected to grow at the fastest rate during the forecast period because of its higher efficiency and ability to handle hazardous, toxic, or corrosive chemicals. In the Asia Pacific, the demand for diaphragm hydraulic dosing pumps is from the chemical and manufacturing sectors. This is likely to boost the overall diaphragm hydraulic dosing pump market.
Based on the end user, the industry segment accounted for the largest market size in 2017. The major users of hydraulic dosing pumps include water & wastewater treatment, pharmaceutical, chemical processing, oil & gas, food & beverage, power plant, mining, and automotive industries. Driven by an increased focus on digitalization led by rapid industrialization in countries such as China and India is expected to drive the industry segment of the hydraulic dosing pump market by the end user. Additionally, the demand from agricultural applications including horticulture, irrigation, liquid metering, chemical injection, and dairy farms, especially from the Asia Pacific would accelerate the demand for hydraulic dosing pumps during the forecast period.
The hydraulic dosing pump market has been analyzed on the basis of 5 regions: Asia Pacific, North America, Europe, the Middle East & Africa, and South America. The market in the Asia Pacific is expected to lead the global hydraulic dosing pump market by 2023. The market size in this region can be attributed to the rising demand from chemical and the booming manufacturing industries in the region. China and India are the key markets for hydraulic dosing pumps in the Asia Pacific.
The availability of low-cost and inferior quality products have adversely affected the demand for hydraulic dosing pumps. In developing countries such as India and China, cost is a major parameter during procurement, which provides opportunities for local players to offer substitutes and similar products at a comparatively lower cost. This restricts the entry of global players in the local market and presents a challenge in the hydraulic dosing pump market.
Key players in the hydraulic dosing pump market include Dover Corporation (US), Grundfos (Denmark), SPX Flow (US), IDEX Corporation (US), and LEWA (Germany).
Key Topics Covered:
1.3 Market Scope
1.4 Years Considered for the Study
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
3 Executive Summary
4 Premium Insights
4.1 Hydraulic Dosing Pump Market, By Region
4.2 Hydraulic Dosing Pump Market, By Type
4.3 Hydraulic Dosing Pump Market, By Discharge Pressure
4.4 Hydraulic Dosing Pump Market, By End-User
4.5 Asia Pacific Hydraulic Dosing Pump Market
5 Market Overview
5.2 Market Dynamics
220.127.116.11 Increasing Investments in the Water & Wastewater Treatment Industry
18.104.22.168 Growing Demand From Chemical Industry
22.214.171.124 Availability of Low-Cost and Inferior-Quality Pump Products
126.96.36.199 Pressure Pulsation in Pumps
188.8.131.52 Implementation of Smart Digital Dosing Technology
184.108.40.206 Refining Capacity Additions in Developing Regions
220.127.116.11 Growing Customized Demand From Consumers
18.104.22.168 Potential Substitutes Such as Mechanically Actuated Dosing Pumps
6 Hydraulic Dosing Pump Market, By Type
6.2 Diaphragm Pumps
6.3 Piston Pumps
7 Hydraulic Dosing Pump Market, By Discharge Pressure
7.2 Up to 25 Bar
7.3 25-100 Bar
7.4 Above 100 Bar
8 Hydraulic Dosing Pump Market, By End-User
8.4.1 Water & Wastewater Treatment
8.4.3 Oil & Gas
9 Hydraulic Dosing Pump Market, By Region
10 Competitive Landscape
10.2 Market Share Analysis
10.3 Competitive Scenario
11 Company Profiles
- Dover Corporation
- Grundfos Holding
- IDEX Corporation
- Milton Roy
- SPX Flow
- Verder International
For more information about this report visit https://www.researchandmarkets.com/research/32gss4/global_hydraulic?w=5
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