The report “Metering Pumps Market by Type (Diaphragm, Piston/ Plunger), End-Use Industry (Water Treatment, Petrochemicals, Oil & Gas, Chemical Processing, Pharmaceuticals, Food & Beverages, Pulp & Paper), and Region – Global Forecast to 2021″, The metering pumps market is projected to reach USD 5.22 billion by 2021, at a CAGR of 6.2% from 2016 to 2021. The market growth is attributed to the increasing demand for metering pumps in the water treatment, petrochemicals, oil & gas, chemical processing, pharmaceuticals, food & beverages, pulp & paper industries.
Metering pumps is a positive displacement chemical dosing/injection device with the ability to vary capacity manually or automatically as per requirement of the process conditions. It is manufactured using cast iron and stainless steel. It is mainly used for pumping a wide range of chemicals including acids, bases, corrosives or viscous liquids, and slurries. Additionally, it works on a repetitive basis with a high level of accuracy.
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The growing demand in the end-use industries such as water treatment, chemical processing, pharmaceuticals, food & beverages, pulp & paper, petrochemicals, oil & gas is expected to drive the metering pumps market, globally. The demand for metering pumps is increasing from the water treatment industry, as it is useful for purification of drinking water and treatment of wastewater. In addition, it is used for dosing acids and alkalis for pH-control, transfer and injection of flocculent, suspensions breakers, chemical reagents, and sludge removers.
The use of diaphragm type of metering pumps for dosing and chemical injection applications is increasing as it facilitates safe, precise, and efficient operations. In addition, diaphragm metering pumps can be used to handle corrosive liquids and fluids containing suspensions of abrasive solids.
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Asia-Pacific is the largest market for metering pumps, followed by Europe. The high demand in the Asia-Pacific region can be attributed to the rising consumption of metering pumps in the end-use industries such as water treatment, petrochemicals, oil & gas, and chemical processing. The metering pumps market in Asia-Pacific is projected to grow at the highest CAGR from 2016 to 2021, due to the increasing development activities such as expansions or setting up of new manufacturing facilities by end-use industries such as oil & gas, chemical processing, water treatment, and pharmaceuticals in this region.
China accounted for the largest share in Asia-Pacific till 2021 and is expected to be the fastest-growing market for metering pumps during the forecast period. Major producers of metering pumps, such as Injection Technical Control Incorporation (Spain), Lewa GmbH (Germany), Prominent Dosiertechnik GmbH (Germany), Seko S.P.A. (Italy), Seepax GmbH (Germany), and SPX Flow Technology Norderstedt GmbH (Germany) are located in the Europe.
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Major players in the metering pumps market employed organic as well as inorganic growth strategies, such as expansions, mergers & acquisitions, agreements, and new product developments to expand their business. The key companies operating in this market are enhancing their presence in the emerging markets and strengthening their distribution network, globally. The strategies used by the market players are expected to lead to the sustainable growth of the metering pumps market in the future.
IDEX Corporation (U.S.), Injection Technical Control Incorporation (Spain), Lewa GmbH (Germany), Mcfarland-Tritan LLC (U.S.), Milton Roy Company (U.S.), Prominent Dosiertechnik GmbH (Germany), Seko S.P.A. (Italy), Swelore Engineering Private Limited (India), Seepax GmbH (Germany), and SPX Flow Technology Norderstedt GmbH (Germany) are the key companies manufacturing metering pumps.