Press release
Chemical Injection Pumps Market: Analyzing Market Trends, Growth Opportunities, and Competitive Landscape in Industrial Equipment
Chemical Injection Pumps Market
The Business Research Company presents an extensive market research report on the Chemical Injection Pumps Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The chemical injection pumps market size has grown strongly in recent years. It will grow from $37.72 billion in 2023 to $41.28 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to adoption of high performance computing(hpc) servers, adoption of advanced packaging technologies, demand for advanced electronic devices, increased complexity of ics, adoption of smart gadgets.
The chemical injection pumps market size is expected to see strong growth in the next few years. It will grow to $56.02 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to demand for smartphones, demand for power electronics, rising demand for chiplets in the power electronics, increasing adoption of electric vehicles, rising mobile electronics. Major trends in the forecast period include developments of 2.5d and 3d chiplet packaging, adoption of 5g technology, 3d integration technology, technology advancements, increasing mergers and acquisitions.
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Key Market Players:
Major companies operating in the chemical injection pumps market report are Schlumberger Limited (SLB), Dover Corporation, Ingersoll Rand Inc., Grundfos, Idex Corporation, Graco Inc., SPX FLOW Inc., Proserv Group Inc., AxFlow Group, SEKO S.p.A., ProMinent Group, Lewa GmbH, Seepex GmbH, Verder Group, Aqua Industrial Group, Grosvenor Pumps Ltd, Plainsman Mfg. Inc., Norriseal-WellMark, SkoFlo Industries Inc., Milton Roy Company, Mc Farland Pump Co LLC, Bruin Instruments Corp., Madden Manufacturing Inc., SideWinder Pumps Inc., ITC Dosing Pumps, Swelore Engineering Pvt. Ltd., Greylor
Market Drivers:
The expansion of the oil and gas industry is expected to propel the growth of the chemical injection pump market in the coming years. The oil and gas sector is a multidimensional sector that includes drilling, extraction, processing, transportation, and marketing. Chemical injection pumps are used in the oil and gas sector by precisely distributing specialized chemicals into the production system, aiming to boost production, block deposits, minimize corrosion, and enhance process reliability. For instance, in May 2023, according to the Energy Information Administration, a US-based principal government statistical system institution, in 2022, the United States of America manufactured 0.6 million barrels of oil in crude form per day (b/d), a 5.6% increase over 2021. Further, in December 2022, dry natural gas output in the United States surged dramatically, surpassing 100 billion cubic feet per day (Bcf/d) in October and November and crashing pre-pandemic monthly generation records set three years ago. Therefore, the expansion of the oil and gas industry is driving the chemical injection pump market.
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https://www.thebusinessresearchcompany.com/report/chemical-injection-pumps-global-market-report
The chemical injection pumps market covered in this report is segmented -
1) By Type: Diaphragm, Plunger Or Piston, Other Types
2) By Drive Type: Pneumatic, Electric, Hydraulic, Other Drive Types
3) By Application: Water Treatment, Oil And Gas, Agricultural, Chemical, Pharmaceutical, Pulp And Paper, Food And Beverage, Mining, Power Generation, Other Applications
4) By End-User: Industrial, Commercial, Residential
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