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Global Metering Pumps Market 2024 : SWOT Analysis Of Key Driving Factors For Growing CAGR Value | IIDEX Corporation, LEWA GmbH, Ingersoll Rand, Dover Corporation, ProMinent GmbH, Grundfos Pumps Corporation
Metering Pumps Global Market Report 2024
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..
Market Overview -
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.
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The Rising Demand For Sustainable Water Supply Drives The Metering Pumps In Meeting
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.
Competitive Landscape -
Major companies operating in the metering pumps market report are IIDEX Corporation, LEWA GmbH, Ingersoll Rand, Dover Corporation, ProMinent GmbH, Grundfos Pumps Corporation, SEKO S.p.A., Watson-Marlow Fluid Technology Group, Blue-White Industries Ltd., SEEPEX GmbH, MCFARLAND PUMPS, Swelore Engineering Private Limited, Cole-Parmer Instrument Company LLC, Morrill-Industries Inc., AxFlow Holding AB, Milton Roy Company, SPX Flow Technology Norderstedt GmbH, Verder Group, Ecolab Engineering GmbH, Nikkiso Co. Ltd., Erich NETZSCH GmbH & Co. Holding KG, Neptune Chemical Pump Company, LMI Milton Roy, Lutz -JESCO Corp., Graco Inc., Flowrox Oy, Promag Enviro Systems Ltd., Pulsafeeder Inc., Tohkemy Corporation, Orbray Co. Ltd. .
Revolutionizing Metering Pumps By Embracing Technological Advancements For Enhanced Efficiency And Remote Monitoring
Technological advancement is a key trend gaining popularity in the metering pumps market. Companies in the market are focusing on leveraging connected technologies and data analysis to develop better and energy-efficient metering pumps. For instance, in May 2022, SEKO, a US-based chemical dosing pump manufacturer, announced the release of KommBox, a device that physically connects to compatible SEKO metering pumps to enable them to connect to the internet and give operators the power to remotely monitor and control their process. KommBox allows users to get a comprehensive view of their expenses, make programming modifications, monitor system performance and chemical usage in real-time, and analyze past data.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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