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Electric and Solar Chemical Injection Pumps Witness Strong Surge in Sales as Energy Efficiency Continues to Take the Center Stage: FactMR Study
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As the consistently deteriorating quality of available water and rapidly declining number of natural freshwater reserves continue to exert an additional pressure on governing bodies to meet the cumulative demand for water supply, the water treatment landscape is likely to witness emergence of multiple key developments in the near future. A number of water treatment initiatives are underway, particularly across developing countries, bolstering the demand for associated equipment, such as chemical injection pumps.
According to FactMR’s analysis, the oil and gas industry will also remain among the key focus areas of vendors operating in the chemical injection pumps market. Chemical injection pumps remain a coveted solution for the oil and gas industry operators, as a number of pipeline operators are already utilizing chemical injection methodologies for the injection of corrosion inhibitors into pipelines or well sites.
Pneumatic and hydraulic pumps collectively account for around 50% of total sales of chemical injection pumps. Whereas, electrically powered pumps alone account for over a third of overall sales, as indicated by the study. The high selling potential of electric chemical injection pumps is attributed to their higher adoption across the oil and gas industry in a bid to achieve significantly reduced methane emissions. Tightening regulatory framework for emission control and the thriving global energy efficiency drive are necessitating the mass shift of manufacturers to sustainable solutions. FactMR thus projects the emergence of a lucrative market for solar-powered chemical injection pumps in the forthcoming years. Rising popularity of the intelligent metering pump technology for quantitative regulation of injection chemicals, also marks an important trend in the chemical injection pumps market.
Preview Analysis of Global Chemical Injection Pumps Market Segmentation By Drive Type (Pneumatic, Electric, Hydraulic, Others), By Product Type (Centrifugal Pumps, Positive Displacement Pump, Others), By End Use, & by Region: - https://www.factmr.com/report/3737/chemical-injection-pumps-market
Asian Countries – The Potential Hotbed of Opportunities
According to the study, the chemical injection pumps market in East Asia is likely to account for over 30% share in the global market volume estimated for 2019. While South Asia is also projected to be among the key regional markets in terms of chemical injection pumps sales, both the regions will remain prime opportunity hubs for stakeholders in the market. Constantly rising petrochemicals demand and increasing concerns regarding deleterious effects of poor water quality have been pushing investments in the oil and gas industry and water treatment sectors, respectively, across East and South Asian countries. While this, according to the report, accounts for a positive outlook for the demand growth of chemical injection pumps within these regional markets, the report also points to the increasing role of governing bodies in establishing a strong base for adoption of specialty application equipment, such as chemical injection pumps.
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The competition landscape of global chemical injection pumps market is characterized by a growing focus of competitors on the increasing need for efficiency and accuracy of chemical processes, along with an enduring product lifecycle. Banking on improving industrial and infrastructural investments by regional governments, key companies operating in the chemical injection pumps market are considering new product innovations as a key strategy. While solar- and electric-powered pumps are rapidly garnering R&D interests of a majority of players, compact design engineering will also be an important strategy assisting their headway to mitigate the carbon footprint. The report indicates that the first movers in competitive landscape continue collaborations with established brands, targeting enhanced capacity of chemical injection pumps. Long-term distribution and supply agreements with end-use industries are the longstanding successful strategies adopted by companies, sustaining their positions in the global chemical injection pumps market.
This FactMR report provides a long-term overview of the chemical injection pumps market for the period, 2019 to 2029. The chemical injection pumps market is anticipated to record a CAGR of nearly 5% through 2029.
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About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized industrial goods market reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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