Dosing Pumps Market 2021 Predicted to Witness Highest Revenues by 2027
Increase in need of dosing pumps in water and wastewater treatment industry, and surge in adoption of smart dosing pumps drive the growth of the global dosing pumps market. However, high cost of dosing pumps restrains the market growth. On the other hand, trend for batch manufacturing in pharmaceutical industry offers numerous opportunities in coming years.Based on type, the diaphragm pumps segment garnered the highest revenue share, contributing more than two-fifths of the total global dosing pumps market. The diaphragm pumps are seal less & oil free, and have simple cleaning/maintenance, versatile design & function and can run dry for short periods. On the other hand, the piston pumps segment is expected to register the highest CAGR of 5.6% during the study period. The piston pumps are simple to use and constructed into multiple chamber designs, and these pumps are designed to pump at practically constant flow rates against a different pressure range.
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Based on application, the water & wastewater treatment segment held the largest share in 2018, garnering more than one-third of the global dosing pumps market. Water & wastewater management in the industries such as pharmaceutical, chemical, and others, which consist of contaminants such as hydrocarbons, phosphate, heavy metals, membrane cleaners, antioxidant, and others.
There is need to remove such contaminants from wastewater wherein dosing system is a preferred solution. On the other hand, the chemical processes would cite the fastest CAGR of 5.7% throughout the estimated period. This is because, dosing pumps are designed to withstand substances with different levels of viscosities, corrosiveness, and abrasiveness for chemical processing.
Market players operating and profiles in the global dosing pumps market include Blue-White Industries, EMEC s.r.l., Grundfos Holding A/S, Idex Corporation, Netzsch Pumpen Systeme GmbH, Nikkiso Co., Ltd, ProMinent GmbH, Seko SpA, SPX Flow, Inc., and W.E.S. Ltd.
Most of the players operating in this market are mid-scale players and the market as whole at global level is clearly lacking in the continual product innovation of custom products. There would be a penetration of tier-1 manufactures in this market over the coming years that may gain expertise in customized dosing pumps manufacturing more inclined toward consumer convenience.
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Key Findings of the Dosing Pumps Market :
Based on pump type, the diaphragm pump segment emerged as the global leader by acquiring around 35% dosing pumps market share in 2018, and it is anticipated to be the largest market during the forecast period
Based on application, the water and wastewater segment is the largest revenue generating segment in 2018 as Dosing Pumps deals with large fluid volume application
Asia-Pacific is the major consumer of Dosing Pumps among other regions. It is accounted for around 40% of the global dosing pumps market share in 2018 as a result of robust industrialization and growing need for water treatment plants across the region.
Technological development and its incorporation in the global market is giving a birth to the products like digital dosing pumps which is further developing the growth trajectory of this market
Rise in efforts to exploit coal bed methane reserves at global level projected to offer numerous growth opportunities to this market during the forecast period. This is due to the increase in use of metering pumps in the oil & gas application.
The global Dosing Pumps market forecast is provided by analyzing various macro and micro economic factors, technological evolution, and industrial growth across all the industry verticals.
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