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Metering Pump Market Analysis by Trends, Size, Share, Growth Opportunities, and Emerging Technologies

10-14-2021 07:24 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

Metering Pump Market Analysis by Trends, Size, Share, Growth

The implementation of stringent government policies for water treatment is driving the demand for metering pumps. This is because these pumps are extensively used in water treatment facilities for feeding chemical additives to the wastewater in order to eliminate slurry, pollutants, and harmful microorganisms, thereby making the water safe for consumption. In the U.S., the Water Infrastructure Act (AWIA) was amended in 2018, and the amended law focuses on water that is intended for consumption.

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Another major factor propelling the worldwide sales of metering pumps is the booming chemical industry in several countries. As metering pumps provide many advantages to the chemical industry such as handling corrosive chemicals, low maintenance costs, long service life, and high energy-efficiency, they are being increasingly used in various chemical processes. Due to this reason, the expansion of the chemical industry in the U.S., Europe, and China is positively impacting the demand for metering pumps. This is subsequently causing the growth of the global metering pump market.

According to the forecast of the market research firm, P&S Intelligence, the value of the market will rise from $4.4 billion in 2019 to $6.8 billion by 2030. Furthermore, the market is expected to progress at a CAGR of 3.9% from 2020 to 2030 (forecast period). Piston and diaphragm are the most widely used types of metering pumps across the world. Between these, the demand for diaphragm pumps is predicted to rise sharply in the coming years, primarily because of their several beneficial traits such as their ability to handle abrasive, corrosive, and flammable liquids and pump liquids having high viscosities.

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Geographically, the sales of metering pumps were observed to be the highest in the Asia-Pacific (APAC) region in the past years, and this trend is predicted to continue in the forthcoming years as well. This will be because of the soaring requirement for metering pumps at water treatment facilities. Additionally, the mushrooming population of regional countries such as Japan, India, Indonesia, and China, which are also some of the world’s most populous countries, is also fueling the demand for water treatment, which is, in turn, driving the expansion of the metering pump market in the region.

Hence, the growing demand for water treatment, on account of the surging population and rising industrialization rate, is expected to propel the sales of metering pumps in the coming years.

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

P&S Intelligence
International: +1-347-960-6455

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