Overview and Scope
A metering pump is a piece of machinery that accurately measures the volumetric flow rate by moving a specific amount of liquid over a predetermined amount of time. These metering allows utilities to collect consumption data automatically, reduce manual metre reading, enhance efficiency, and save money.
Sizing and Forecast
The metering pumps market size has grown strongly in recent years. It will grow from $6.02 billion in 2023 to $6.38 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to industrial advancements, focus on efficiency, rise in chemical processing industries, demand for precise fluid control, automation and control systems..
The metering pumps market size is expected to see strong growth in the next few years. It will grow to $8 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to industry digitization, rise in chemical industry, focus on pharmaceutical manufacturing, adoption of iot and remote monitoring, shift towards sustainable solutions.. Major trends in the forecast period include modularity and customization, increased connectivity and integration, focus on efficiency and precision, shift towards eco-friendly solutions, development of compact and portable models..
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Segmentation & Regional Insights
The metering pumps market covered in this report is segmented –
1) By Type: Diaphragm, Piston/Plunger, Other Types
2) By Sales: Direct, Distribution Channel
3) By End-Use Industry: Water Treatment, Petrochemicals And Oil and Gas, Automotive, Chemical Processing, Pharmaceuticals, Food And Beverage, Pulp And Paper, Textile, Other End-Use Industries
North America was the largest region in the metering pumps market in 2023. Asia-Pacific is expected to be the fastest-growing region in the metering pumps market report during the forecast period. The regions covered in the metering pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising demand for sustainable water supply across various industries is expected to propel the growth metering pumps market in the forecast period. Sustainable water supply entails identifying dependable and resilient responses to diverse human water demands that do not deplete water resources or the local economy and have no long-term detrimental influence on the environment. Water-saving methods implemented through smart water metering will allow to save money while diverting less water from rivers, bays, and estuaries, promoting environmental health. For instance, In February 2022, BASF, a Germany-based chemical producer, stated that in their total of 1695 million cubic meter water abstraction, 78.5% of water demand was covered as reused water. Hence, the increasing focus towards wastewater treatment will drive the demand for metering pumps.
Key Industry Players
Major companies operating in the metering pumps market are focusing on innovative products, such as polymer metering pumps, to drive revenues in their market. Polymer metering pumps are specialized pumps made to measure liquid polymers such as polyacrylamide (PAM), flocculants, and coagulants accurately and consistently which are utilized in a variety of applications, most notably wastewater treatment procedures. For instance, in February 2023, Watson-Marlow Fluid Technology Group, a UK-based manufacturer of peristaltic pumps and tubing, launched polymer metering pumps. These pumps are essential for the accurate and regulated dosing of polymers, which guarantees the dewatering and successful treatment of wastewater which are designed to work with a variety of difficult and viscous fluids and are capable of handling complicated polymers.
The metering pumps market report table of contents includes:
1. Executive Summary
2. Metering Pumps Market Characteristics
3. Metering Pumps Market Trends And Strategies
4. Metering Pumps Market – Macro Economic Scenario
5. Global Metering Pumps Market Size and Growth
….
31. Global Metering Pumps Market Competitive Benchmarking
32. Global Metering Pumps Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Metering Pumps Market
34. Metering Pumps Market Future Outlook and Potential Analysis
35. Appendix
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