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Chemical Injection Pumps Market Landscape 2025: Forecast Data and Growth Strategy Insights
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Chemical Injection Pumps Market Through 2025?
In recent years, there has been a substantial increase in the market size of chemical injection pumps. This market is projected to expand from $41.28 billion in 2024 to $45.05 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 9.1%. Factors such as the utilization of high-performance computing (HPC) servers, the implementation of cutting-edge packaging technologies, the soaring demand for sophisticated electronic devices, the growing intricacy of integrated circuits (ICs), and the popularization of smart gadgets have all contributed to this growth in the preceding period.
What's the Projected Size of the Global Chemical Injection Pumps Market by 2029?
Expectations are that the market for chemical injection pumps will experience substantial growth in the coming years. The market is projected to expand to $60.1 billion by 2029, with a compound annual growth rate (CAGR) of 7.5%. This predicted growth can be credited to factors such as the increasing demand for smartphones, power electronics, and chiplets within power electronics, the adoption of electric vehicles, and a rise in mobile electronics. Key trends during the forecast period include the development of 25d and 3d chiplet packaging, the embrace of 5g technology, advances in 3d integration technology, and an increase in mergers and acquisitions in the industry.
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Top Growth Drivers in the Chemical Injection Pumps Industry: What's Accelerating the Market?
The growth of the chemical injection pump market is anticipated to be fueled by the enlargement of the oil and gas industry in the upcoming years. The oil and gas sector, an intricate domain that encompasses drilling, extraction, processing, transportation, and selling, employs chemical injection pumps to accurately disburse bespoke chemicals into the production framework, aiming to heighten production, prevent deposits, reduce corrosion, and augment process dependability. For instance, the Energy Information Administration, a principal governmental statistical system institution in the US, reported in May 2023 that in 2022 the United States produced 0.6 million barrels of crude oil per day, marking a 5.6% increase from the previous year. Additionally, in December 2022, the US witnessed a significant increase in dry natural gas production, exceeding 100 billion cubic feet per day in October and November, thereby breaking pre-pandemic monthly production records set three years prior. Thus, it's evident that the broadening of the oil and gas sector is influencing the enlargement of the chemical injection pump market.
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What Trends Will Shape the Chemical Injection Pumps Market Through 2029 and Beyond?
Key players in the chemical injection pump industry, like the Netherlands-based Verder Liquids BV, are prioritizing the development of technologically superior products such as metering and dosing pumps. These pumps are designed to disrupt traditional technical solutions for adding chemicals to municipal and industrial pumping systems. Metering or dosing pumps are a type of positive displacement device created to accurately inject a specific volume of a substance into other fluid streams or containers. To illustrate, Verder Liquids BV introduced the Verderflex Ds500 in September 2022. This metering and dosing pump was designed to upset conventional technical solutions by improving precision and reducing costs to the end-user via Total Cost of Ownership (TCO) - a calculated sum of initial costs and lifetime operating costs. The Ds500 accomplishes an accuracy of +/-1% through a smooth flow. Furthermore, this type of pump features a precise flow rate of 0.1 to 500 ml/min and a maximum pressure of 7 bar, ensuring increased accuracy and smooth flow. It also uses fewer chemicals and has a broad 5000:1 turndown ratio, leading to decreased operation costs over its lifespan.
What Are the Main Segments in the Chemical Injection Pumps Market?
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
Subsegments:
1) By Diaphragm: Mechanically Operated Diaphragm Pumps, Electrically Operated Diaphragm Pumps
2) By Plunger Or Piston: Single-Acting Plunger Pumps, Double-Acting Plunger Pumps, Piston Pumps
3) By Other Types: Peristaltic Pumps, Gear Pumps, Screw Pumps
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Which Top Companies are Driving Growth in the Chemical Injection Pumps Market?
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
Which Regions Will Dominate the Chemical Injection Pumps Market Through 2029?
North America was the largest region in the chemical injection pumps market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chemical injection pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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