Metering Pumps Market worth $8.1 billion by 2027 | Key Players include Milton Roy, ProMinent, IDEX Corporation, LEWA, Grundfos, SEKO, Verder Group, Dover Corporation, and Watson-Marlow Fluid Technology Group

According to recent market research "Metering Pumps Market by Type (Diaphragm, Piston/Plunger), End-use Industry (Water Treatment; Petrochemicals, Oil & Gas; Chemicals Processing; Pharmaceuticals; Food & Beverages; Pulp & Paper), and Region - Global Forecast to 2027", The metering pumps market is estimated at USD 4.3 billion in 2018 and is projected to reach USD 8.1 billion by 2027, at a CAGR of 6.5% between 2018 and 2027. The increasing use of metering pumps in various end-use industries, such as water treatment; petrochemicals, oil & gas; chemical processing; and food & beverages, is expected to drive the metering pumps market.

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Metering pumps are positive displacement pumps designed to dispense precise amounts of fluids and measure flow control. They are capable of pumping a wide range of chemicals including acids, bases, corrosive viscous liquids, and slurries. These pumps are majorly used in water treatment; chemical processing; petrochemicals, oil & gas; pharmaceuticals; and food & beverages industries. The growth of the metering pumps market depends on the growth of end-use industries such as water treatment; chemical processing; and petrochemicals, oil & gas. Increasing concerns regarding safe drinking water and stringent regulations play a major role in driving the metering pumps market. MarketsandMarkets projects the global metering pumps market size to grow from USD 4.3 billion in 2018 to USD 8.1 billion by 2027, at a compound annual growth rate (CAGR) of 6.5% during the forecast period.

The diaphragm segment is projected to lead the market during the forecast period. Diaphragm are the most preferred metering pumps for chemical injection or dosing purpose by end users pumps, as they are safe, precise, have good self-priming capabilities, and provide efficient operations. Small mechanically activated diaphragm pumps are also used as air compressors and as a source of low-grade vacuum. These pumps are noiseless, low cost, and most importantly, have no moving parts in the airstream. In this way, diaphragm pumps offer a significant advantage over other compressors. Hence, it is the largest type segment of the global metering pumps market.

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The global market size of metering pumps is projected to grow from USD 4.3 billion in 2018 to USD 8.1 billion by 2027, at a compound annual growth rate (CAGR) of 6.5% during the forecast period. The major driving factors in the metering pumps market are stringent government regulations, high growth application areas, and digital pumping solutions.

The leading players in the metering pumps market are Milton Roy (US), ProMinent (Germany), IDEX Corporation (US), LEWA (Germany), Grundfos (Denmark), SEKO (Italy), Verder Group (Netherlands), Dover Corporation (US), and Watson-Marlow Fluid Technology Group (UK). These players adopted expansion and new product development as their key growth strategies between 2013 and 2017, which helped them increase their capacities and cater to the widening customer base.

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Milton Roy (US) adopted the strategy of new product development to meet the rising demand from domestic and international markets. In October 2016, the company unveiled its new product, PROTEUS, at the Water Environment Federations Annual Technical Exhibition and Conference (WEFTEC). The product is designed to offer a new level of accuracy, reliability, and control for the municipal and industrial wastewater treatment. This new product will enhance the company’s sales in the water segment.

IDEX Corporation (US) has been actively participating in various strategic developments. In December 2016, Pulsafeeder, the subsidiary of IDEX, launched PULSAPRO line of hydraulic actuated diaphragm metering pump. This pump with improved features will target the downstream oil & gas, chemical processing, and water treatment industries. In August 2016, IDEX acquired SFC KOENIG (Switzerland), which specializes in highly engineered expanders and check valves for critical applications. This strategic deal will further strengthen the companys market in the transport, hydraulic, aviation, and medical sectors.

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