Metering Pumps Market to grow by USD 1.09 billion during 2022-2027 | Growing industrial acceptance of positive displacement pumps to drive growth- Technavio

NEW YORK, Oct. 9, 2023 /PRNewswire/ -- The metering pumps market size is expected to grow by USD 1.09 billion between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 4.41% during the forecast period. The market is segmented by Product (Diaphragm, Plunger, and Others), End-user (Water and wastewater industry, Oil and gas industry, Chemical and petrochemical industry, Food and beverage industry, and Others), and Geography (APAC, Europe, North America, Middle East and Africa, and South America). The report also covers information on market driver trends and challenges. Explore detailed information by purchasing a report

The increasing industrial acceptance of positive displacement pumps drives the metering pumps market. Instead of positive displacement pumps, centrifugal pumps are deployed by various end-user industries. But the former pumps, especially metering pumps, can provide high repeatability accuracy and can pump a wide range of chemicals including acids, bases, corrosives, viscous liquids, and slurries. Indeed, this type of volumetric pump produces flow. This can generate pressure, unlike centrifugal pumps. The growing awareness of the use of positive displacement pumps can lead to increased sales and revenue for the players operating in the market. Hence, such factors drive the growth of the metering pump market during the forecast period. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View Free PDF Sample 

Key Highlights:

• The report recognizes the following as some of the key players in the metering pumps market: Alltech dosing systems GmbH, Atlas Copco AB, Dover Corp., Fluid Metering Inc., Grundfos Holding AS, IDEX Corp., Ingersoll Rand Inc., Iwaki Co. Ltd., KNF DAC GmbH, Lutz-Jesco GmbH, March May Ltd., Nikkiso Co. Ltd., NOV Inc., ProMinent GmbH, Schlumberger Ltd., SEKO SpA, Spirax Sarco Engineering Plc, SPX FLOW Inc., Swelore Engineering Pvt. Ltd., and Blue-White Industries Ltd.
• Metering Pumps Market is fragmented in nature.
• Market to observe 3.9% YOY growth in 2023.

Market Dynamics:

Trend

• The emergence of Industry 4.0 and digitalization is a leading trend in the metering pump market.
• The integration of smart metering pumps is led by Industry 4.0, which can interact with other systems and devices.
• Such pumps can receive and respond to signals from central control systems. This is helping them to adapt and react more quickly to changing conditions.
• Furthermore, quality control processes can be enhanced by digitalization, further providing detailed data on dosing accuracy, performance, and other relevant metrics.
• Hence, such trends fuel the growth of the metering pumps market during the forecast period.

Challenge

• The volatility in prices of raw materials challenges the growth of the metering pumps market.
• Major raw materials in the manufacturing of metering pumps include stainless steel, iron, copper, and bronze.
• Factors like inflation, production, and availability affect the prices of these materials. Thus, fluctuations in raw material prices can lead to instability in production costs for metering pump manufacturers.
• Hence, such factors impede the growth of the metering pump market during the forecast period.

Key Segments:

The diaphragm segment is significant during the forecast period. These are typically deployed for chemical metering and injection applications and due to factors such as safety, accuracy, and working efficiency, the diaphragm pump is considered the main type of metering pump in the market. Hence, the diaphragm segment of the metering pumps market is estimated to witness growth during the forecast period. Get a glance at the market contribution of the segments, Request Free Sample

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ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by End-user

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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