Factors such as the toughening government regulations on water treatment, expanding chemical industry, and increasing oil and gas production are expected to fuel the metering pump market at a CAGR of 3.9% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue will grow from $4.4 billion in 2019 to $6.8 billion by 2030.
In recent years, the soaring demand for energy-efficient metering pumps, to reduce energy wastage, has become a major market trend. One of the key growth drivers of the market is the increasing implementation of strict water treatment laws in many countries. Water treatment plants use metering pumps to feed chemical additives to the wastewater to remove toxic microorganisms, slurry, and pollutants, thereby improving the water quality.
At present, the metering pump market is consolidated in nature due to the presence of few players, such as Spirax-Sarco Engineering plc, MCFARLAND PUMPS, Dover Corporation, SEEPEX GmbH, Verder International B.V., Cole-Parmer Instrument Company LLC, SEKO S.p.A., Morrill-Industries Inc., SPX FLOW Inc., LEWA GmbH, Grundfos Pumps Corporation, Progressive Pumps Corp., IDEX Corporation, Blue-White Industries Ltd., and AxFlow Holding AB.
These companies are engaging in product launches and focusing on extensive research and development (R&D) activities to consolidate their position. Globally, the APAC metering pump market generated the highest revenue during the historical period (2014–2019), due to the escalating focus of governments, especially of China, Japan, and India, on safe drinking water.
In the APAC market, India and China have emerged as the largest contributors, owing to the expanding industrial sector and growing population in these countries. Furthermore, the region is also expected to demonstrate the fastest growth during the forecast period due to the increasing number of manufacturing facilities of the companies operating in the pharmaceutical, oil and gas, and chemical processing industries in the region.
Therefore, the surging oil and gas production and toughening water treatment regulations will drive the global demand for metering pumps in the coming years.
In recent years, the soaring demand for energy-efficient metering pumps, to reduce energy wastage, has become a major market trend. One of the key growth drivers of the market is the increasing implementation of strict water treatment laws in many countries. Water treatment plants use metering pumps to feed chemical additives to the wastewater to remove toxic microorganisms, slurry, and pollutants, thereby improving the water quality.
At present, the metering pump market is consolidated in nature due to the presence of few players, such as Spirax-Sarco Engineering plc, MCFARLAND PUMPS, Dover Corporation, SEEPEX GmbH, Verder International B.V., Cole-Parmer Instrument Company LLC, SEKO S.p.A., Morrill-Industries Inc., SPX FLOW Inc., LEWA GmbH, Grundfos Pumps Corporation, Progressive Pumps Corp., IDEX Corporation, Blue-White Industries Ltd., and AxFlow Holding AB.
These companies are engaging in product launches and focusing on extensive research and development (R&D) activities to consolidate their position. Globally, the APAC metering pump market generated the highest revenue during the historical period (2014–2019), due to the escalating focus of governments, especially of China, Japan, and India, on safe drinking water.
In the APAC market, India and China have emerged as the largest contributors, owing to the expanding industrial sector and growing population in these countries. Furthermore, the region is also expected to demonstrate the fastest growth during the forecast period due to the increasing number of manufacturing facilities of the companies operating in the pharmaceutical, oil and gas, and chemical processing industries in the region.
Therefore, the surging oil and gas production and toughening water treatment regulations will drive the global demand for metering pumps in the coming years.
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