Centrifugal Pumps Holds a Leading Share of Nearly 45% in the Chemical Injection Pumps Market – Fact.MR Analysis
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The report offers actionable and valuable market insights of Centrifugal Pumps. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Centrifugal Pumps Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Centrifugal Pumps market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Centrifugal Pumps
This newly published and insightful report sheds light on Market Insights of Centrifugal Pumps, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Centrifugal Pumps Market.
According a new research publication by Fact.MR, nearly 1500 thousand units of chemical injection pumps were sold in 2018, and the sales are expected to record over 4% Y-o-Y growth in 2019. In addition to soaring applicability in the oil and gas industry, and water treatment projects, the sales of chemical injection pumps will continue to receive a strong impetus from the growing trend of high-efficiency solar-powered pumps.
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.
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According to Fact.MR’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. Fact.MR 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.
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.
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 Fact.MR 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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Key Factors Determining Growth of the Chemical Injection Pumps Market
Technological Upgrade Favors Effective Maintenance – Digitalization and Industry 4.0 continue to offer opportunities for the optimization of operations and maintenance of chemical injection pumps.
Advanced analytical methods and monitoring equipment that allow for predictive maintenance are enabling end-users to improve the pump uptime, thereby driving profitability for manufacturing companies.
Innovations Enable Automated Pump Control – Key developments pertaining to the need for effective pumping control of chemical injection pumps are fueling innovations, such as pump controllers designed to inject chemical additives into oil and gas wells, and into pipelines.
Bolstering Investments in Oil & Gas Sector Supplementing Sales – Rising demand for petroleum and petrochemical products has been directing significant investments towards the oil and gas industry. With major funds invested for employing vital state-of-the-art industrial equipment, such as chemical injection pumps, major opportunities are likely to be generated for competitors in the chemical injection pumps market.
Wastewater Management Initiatives to Spur Demand – Considerable rise in the number of proactive wastewater management projects, particularly across Asia and other developing regions, prompts an upward trend in the industrial equipment demand, thereby elevating sales of chemical injection pumps.
Moreover, desalinization projects are contributing substantially to the increasing adoption of chemical injection pumps.
Growing Adoption in the Chemical Industry Sustains Revenues – The unparalleled efficacy of chemical injection pumps to safely deliver specific hazardous chemicals in pipeline systems are advocating for their bolstering adoption within the chemical industry. Diaphragm pumps will particularly remain a preferred choice across the chemical industry, as they allow for isolation of fluid chamber and flexibility.
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Fact.MR, in its new report, offers an unbiased Market Analysis of Centrifugal Pumps, Sales and Demand of Centrifugal Pumps, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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