Metering Pumps Market Outlook
According to the report by Expert Market Research (EMR), the global metering pumps market size reached a value of USD 7 billion in 2023. Aided by its critical function in various sectors including water treatment, pharmaceuticals, oil and gas, chemicals, and food and beverages, the market is projected to further grow at a CAGR of 4.3% between 2024 and 2032 to reach a value of USD 10.20 billion by 2032.
Metering pumps, characterised by their ability to deliver fluids at precise flow rates and pressures, have become integral to processes requiring meticulous volume control, chemical dosing, and the injection of reagents or additives. The metering pumps market growth is reflective of the increasing complexity and precision required in modern industrial and manufacturing processes, where the accurate dosing of chemicals and fluids is paramount.
Several key trends and developments are propelling the growth of the market. At the forefront is the global emphasis on water and wastewater treatment, spurred by escalating environmental concerns and the pressing need for sustainable water management practices. Metering pumps are pivotal in water treatment facilities, where they ensure the accurate dosing of disinfectants and treatment chemicals, thus playing a vital role in maintaining water quality and public health.
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The pharmaceutical industry’s expansion also significantly impacts the metering pumps market outlook, with stringent standards for product quality and manufacturing processes driving the demand for precise fluid control solutions. Metering pumps facilitate the accurate dosing of active pharmaceutical ingredients (APIs), ensuring consistency, efficacy, and compliance with regulatory standards.
Advancements in metering pump technology are further enhancing market growth. Innovations in pump design, materials, and control systems are improving pump performance, energy efficiency, and compatibility with a wider range of chemicals and fluids. Smart metering pumps, equipped with digital monitoring and control capabilities, are emerging, enabling real-time adjustments and remote management, thereby optimising process efficiency and reducing operational costs.
Moreover, the oil and gas sector’s recovery and growth post-market downturns have revived the metering pumps market demand. Used in upstream, midstream, and downstream processes, metering pumps are essential for the precise injection of chemicals for process optimisation, corrosion control, and enhanced oil recovery, highlighting their critical role in the energy sector.
Regionally, Asia Pacific is anticipated to dominate the market growth, driven by rapid industrialisation, increasing investments in water infrastructure, and the expanding pharmaceutical and chemical manufacturing sectors. North America and Europe also represent significant markets, supported by advanced manufacturing bases, stringent environmental and quality regulations, and ongoing technological innovation.
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Metering Pumps Market Segmentation
The market can be divided based on type, drive type, application, and region.
Market Breakup by Type
- Diaphragm Pumps
- Piston/Plunger Pumps
- Others
Market Breakup by Drive Type
- Motor-Driven
- Pneumatic
Market Breakup by Application
- Water and Wastewater Treatment
- Oil and Gas
- Chemical Processing
- Pharmaceuticals
- Food and Beverages
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global metering pumps market. Some of the major players explored in the report by Expert Market Research are as follows:
- Dover Corporation
- IDEX Corporation
- Grundfos Holding A/S
- LEWA GmbH
- Ingersoll Rand Inc (Milton Roy)
- ViscoTec Pumpen- u. Dosiertechnik GmbH
- Graco Inc.
- Walchem, Iwaki America, Inc.
- ProMinent GmbH
- Watson-Marlow Fluid Technology Solutions
- Others
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