Press release
Strong Growth Ahead: Metering Pumps Market Size To Grow At Arecord 6.1% Cagr By 2029
Metering Pumps
What Is the Projected Growth of the Metering Pumps Market?
There has been substantial growth in the metering pumps market size in the past few years. The market, which will escalate from $6.33 billion in 2024 to $6.69 billion in 2025, will experience a compound annual growth rate (CAGR) of 5.6%. The remarkable growth observed in the historic period can be credited to various factors like industrial progress, an emphasis on efficiency, an upsurge in chemical processing industries, the need for accurate fluid control, and the implementation of automation and control systems.
Expectations are high for substantial growth in the metering pumps market in the coming years, with projections estimating it to reach $8.48 billion by 2029, representing a compound annual growth rate (CAGR) of 6.1%. Several factors are likely to contribute to this anticipated expansion during the forecast period, including the digitization of industry, growth of the chemical industry, prioritization of pharmaceutical manufacturing, the adoption of IoT and remote monitoring, as well as a shift towards sustainable solutions. Other notable trends expected during this period include increased focus on modularity and customization, enhanced connectivity and integration, attention to efficiency and precision, a move towards eco-friendly solutions, and the emergence of compact and portable models.
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What Are the Emerging Segments Within the Metering Pumps Market?
The metering pumps market covered in this report is segmented -
1) By Type: Diaphragm, Piston Or Plunger, Other Types
2) By Sales: Direct, Distribution Channel
3) By End-Use Industry: Water Treatment, Petrochemicals And Oil And Gas, Automotive, Chemical Processing, Pharmaceuticals, Food And Beverage, Pulp And Paper, Textile, Other End-Use Industries
Subsegments:
1) By Diaphragm: Single Diaphragm Pumps, Double Diaphragm Pumps
2) By Piston Or Plunger: Single-acting Piston Pumps, Double-acting Piston Pumps
3) By Other Types: Peristaltic Pumps, Gear Pumps, Screw Pumps
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What Long-Term Drivers Are Shaping Metering Pumps Market Trends?
Anticipated growth in the metering pumps market is largely due to the escalating need for sustainable water supply in diverse industries over the forecast period. The notion of sustainable water supply involves finding reliable and sustainable solutions to various water requirements of humanity that do not exhaust water resources or harm the local economy, while maintaining minimal long-term environmental impact. Conservation measures achieved through intelligent water metering enable monetary savings and less water diversion from rivers, bays, and estuaries, thereby contributing to the overall environmental wellness. For example, BASF, a chemical production company based in Germany, reported in February 2022 that they were able to fulfill 78.5% of their water need through the reuse of water out of their total 1695 million cubic meter water abstraction. Thus, the mounting emphasis on wastewater treatment is set to stimulate the demand for metering pumps.
Who Are the Top Competitors in Key Metering Pumps Market Segments?
Major companies operating in the metering pumps market include LEWA GmbH, Ingersoll Rand, Dover Corporation, ProMinent GmbH, Grundfos Pumps Corporation, SEKO S.p.A., Watson-Marlow Fluid Technology Group, Blue-White Industries Ltd., SEEPEX GmbH, Swelore Engineering Private Limited, Cole-Parmer Instrument Company LLC, AxFlow Holding AB, Milton Roy Company, SPX Flow Technology Norderstedt GmbH, Verder Group, Ecolab Engineering GmbH, Nikkiso Co. Ltd., Erich NETZSCH GmbH & Co. Holding KG, Neptune Chemical Pump Company, Lutz -JESCO Corp., Graco Inc., Flowrox Oy, Pulsafeeder Inc., Tohkemy Corporation
What Metering Pumps Market Trends Are Gaining Traction Across Different Segments?
The rise of technology is becoming a prevalent trend in the metering pumps industry. Players in this sector are utilizing data analysis and connectivity technologies to create more energy-efficient metering pumps. For example, in May 2022, SEKO, a renowned manufacturer of chemical dosing pumps based in the US, launched a new product known as KommBox. The KommBox is a unique device that attaches physically to compatible SEKO metering pumps, providing the capacity to connect to the internet and empowering operators to supervise and adjust their processes remotely. The device provides users with a complete overview of their expenditures, the ability to modify programming, monitor system effectiveness, and track chemical usage in real-time, also enabling the analysis of historical data.
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Which Regions Are Becoming Hubs for Metering Pumps Market Innovation?
North America was the largest region in the metering pumps market in 2024. Asia-Pacific is expected to be the fastest-growing region in the metering pumps market report during the forecast period. The regions covered in the metering pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Metering Pumps Market?
2. What is the CAGR expected in the Metering Pumps Market?
3. What Are the Key Innovations Transforming the Metering Pumps Industry?
4. Which Region Is Leading the Metering Pumps Market?
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