NEW YORK, May 25, 2015 /PRNewswire/ --
The Global Dosing System Market is a diverse market comprising of various equipment. The safety and efficiency of the dosing systems are the key factors considered by the end-users. The global dosing market is segmented based on application, technology and geographic perspective. The market is estimated to generate revenue of $4.9 billion in 2015 and forecast to grow at a rate of 4.9% to reach $6.4 billion by 2020. Rapid Industrialization and need for clean water are the key drivers of this market.
The dosing systems demand is driven by increasing investments in the segments like water treatment, oil & gas, and power generation in the developing economies. However, the most prominent factor fuelling the market growth is the stringent regulations enforced in the end-use industry by the regulatory agencies of various countries. The dosing system manufacturers are investing into R&D for better and efficient performance in the end-use industry.
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Major applications of dosing systems are in the industries such as Water Treatment, Power Generation, Oil & gas Chemical Processing and Food & Beverage. Dosing Systems are used in industries as well as in residential or commercial purposes. These systems are used for water treatments in swimming pools, washing machines, dishwashers, huge plants and many other applications.
Use of digital dosing system has made it convenient for the users to feed the chemicals in right proportion. Digital dosing systems provide higher control, precision and safety since every operation is automated and operated using electronic equipment like controllers and so on. Dosing systems can now be operated from anywhere in the world due to digitalization as they are connected to the internet and hence, can be operated remotely; thereby data can be saved and evaluated at any time. This technology is attracting the end-users and hence, driving the growth of dosing systems industry.
Key technologies of dosing system included in the study are: Diaphragm, Plunger/Piston, Cavity, peristaltic and others. Diaphragm dosing system accounted for the maximum share and is growing at the fastest CAGR owing mainly to its usage in Oil & Gas and Power Generation segments. Cavity dosing systems are also poised to exhibit rapid growth due to its usage in various industries.
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The dosing market is evolving significantly owing to the growth of its end-use market. The top players in the market have the wide distribution channel, along with significant R&D capital. The companies are continuously investing into R&D new product launches and innovations in order to increase sales and gain market position. Some of the key players in the dosing system market are IDEX Corporation (U.S.), Grundfos Holdings A/S (Denmark), Lewa GmbH (Germany), NETZSCH (Germany) and Prominent Group (Germany). These players account for approximately 32% of the total market. The regional players have a major market owing mainly to the low cost availability of dosing systems by these players.
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