Press release
Metering Pump Market Trends Estimates High Demand by 2023
Market Synopsis of Metering Pump Market
A metering pump is designed with the purpose to move fluids at highly precise flow rates over certain periods of time. Metering pumps are also known as chemical dosing pumps or chemical injection pumps and are used for high level of accuracy in pumping a wide variety of liquids in a host of end-use industries. Increase in the growing demand for environmentally friendly waste-water disposal and increasing investment in modernization of infrastructure are estimated to drive the global metering pump market. Moreover, increasing usage of metering pumps across industries such as waste and wastewater treatment, food & beverages, pulp & paper, petrochemicals, and oil & gas industry, is expected to drive the market for the metering pump in the forecast period.
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However, these pumps are not ideal for operations that require movement of huge quantities of fluid in a short span of time. Additionally, it is not recommended for moving most types of gas.
The Metering Pumps Market was valued at USD 3.70 Billion in 2016, and is projected to reach USD 5.30 Billion by 2023, at a CAGR of 6.5%, during 2016 to 2023.
Study Objectives of Metering Pump Market:
To provide detailed analysis of the market structure along with forecast for the next six years of various segments and sub-segments of the global metering pump market
To provide insights about factors affecting the market growth
To analyze the global Metering pump market based on various tools such as Price Analysis, Supply Chain Analysis, Porter’s Five Forces Analysis
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies, North America, Europe, APAC, and Rest of the World (ROW) and their countries
To provide country level analysis of the market with respect to the current market size and future prospective
To provide country level analysis of the market for segment by type, phase, application, and regions
To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global metering pump market
egional Analysis of Global Metering Pump Market
Asia-Pacific is projected to be an emerging market for Metering pump. China is the largest and is also projected to be the fastest-growing market for metering pumps during the forecast period. China is the single largest end-user for metering pumps. Availability of comparatively low-cost raw materials and soaring growth of end-use applications with high domestic and foreign investment drives the growth in China. Asia-Pacific is projected to dominate the metering pump market during the forecast period with high investments from manufacturers for capacity expansion.
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Key Players
The key players of global metering pump market include
Lewa GmbH (Germany)
Milton Roy Company (U.S.)
IDEX Corporation (U.S.)
Injection Technical Control Incorporation (Spain)
Mcfarland-Tritan LLC (U.S.)
Seepax GmbH (Germany)
Prominent Dosiertechnik GmbH (Germany)
Seko S.P.A. (Italy)
Swelore Engineering Private Limited (India)
SPX Flow Technology Norderstedt GmbH (Germany)
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