New York, NY, March 27, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Metering Pumps Market by Type (Diaphragm, Piston/Plunger, and Others) and by End-Use Industry (Water Treatment, Petrochemicals, Oil & Gas, Chemical Processing, Pharmaceuticals, Food & Beverages, Pulp & Paper, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global metering pumps market was valued at USD 4.3 billion in 2018 and is expected to reach USD 6.64 billion in 2025, at a CAGR of 6.40% between 2019 and 2025.
Metering pumps are used to regulate the flow rate of flowing liquids. Metering pumps can transfer both thin and thick fluids and also move corrosive fluids subject to their construct. The capability to regulate the flow rate makes them beneficial for moving expensive or hazardous liquids across great distances. The rising demand for drinkable water across the world is one of the most vital factors fueling the global metering pump market. The increasing use of metering pumps in food and beverages industry is expected to drive the metering pumps market in the future. However, the volatile prices of raw materials may hamper this market’s growth. The manufacturing players are concentrating on developing inventive products, which, in turn, is anticipated to open growth opportunities for the metering pumps market in the years ahead.
Browse through 91 Tables & 27 Figures spread over 110 Pages and in-depth TOC on “Global Metering Pumps Market: Industry Type, Size, Share, Applications, Segments, Analysis and Forecast 2018–2025”.
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Based on the type, the global metering pumps market is divided into the diaphragm, piston/plunger, and others. The diaphragm segment dominated the global market and held a significant market share in 2018. Diaphragm metering pumps are extensively utilized for chemical injection and dosing applications, such as volatile solvents, corrosive chemical, gels, creams, oils, and viscous and sticky fluids. The diaphragm metering pumps are commonly used by the water treatment industry. The others segment of the metering pumps market contains syringe pumps and peristaltic pumps. Peristaltic pumps do not contaminate the fluids and offer easy functioning with various fluids, such as shear sensitive fluids, highly viscous fluids, etc.
By end-user industry, the global metering pumps market is segmented into water treatment, petrochemicals, oil and gas, chemical processing, pharmaceuticals, food and beverages, pulp and paper, and others. In 2018, water treatment dominated the global metering pumps market. The rising demand for processed food in the food and beverages industry is anticipated to propel the global metering pumps market over the forecast time period. The food and beverages industry includes the manufacturers of alcoholic, non-alcoholic beverages, and distilled alcoholic beverages produced by fermentation. Metering pumps are utilized for dosing and injection purposes during the manufacturing of cream, soup, milk, syrup, yogurt, spirit, flavors, dough, chocolate, paste, and creams. Robust population, rising disposable income, changing lifestyle, and implementation of food security policies are fueling the processed food industry, thereby boosting the utilization of metering pumps.
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By geography, Asia Pacific dominated the global metering pumps market in 2018. This growth can be mainly attributed to the huge product demand by the region’s water treatment industry. Moreover, Asia Pacific is anticipated to be the fastest growing metering pumps market in the years ahead, owing to the increasing demand for metering pumps, especially from chemical processing, food and beverages, and oil and gas industries. China and India are the major countries for the metering pumps in the region. Additionally, the generic drug growth in the Asia Pacific region is also anticipated to fuel the global metering pumps market in the future. As the rising domestic demand and growing access to different resources, Asia Pacific has emerged as one of the leading consumers of metering pumps.
North America was the second largest metering pumps market globally in 2018, owing to the rising industrial activities, which is leading to the increasing use of metering pumps for water treatment, oil and gas, chemical processing, and food and beverages applications. The North American metering pumps market growth will be driven by the flourishing chemical processing and food industries and the rising industrial activities, such as upgradation of water/wastewater plants, ethanol plants in the U.S. and Canada, over the estimated timeframe.
Browse the full “Metering Pumps Market by Type (Diaphragm, Piston/Plunger, and Others) and by End-Use Industry (Water Treatment, Petrochemicals, Oil & Gas, Chemical Processing, Pharmaceuticals, Food & Beverages, Pulp & Paper, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/metering-pumps-market
Europe is expected to witness sustainable growth in the metering pumps market in the upcoming years, owing to the spending in the construction and infrastructural activities, especially in the UK, Germany, and France. Additionally, the rising awareness about clean drinking water is also projected to boost the European metering pumps in the future.
Latin America and the Middle East and Africa are projected to experience moderate progress in the metering pumps market over the forecast time period, due to significant investments made by major companies in these regions And improving economic conditions.
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Some key players of the global metering pumps market are ProMinent, Milton Roy, LEWA, IDEX Corporation, SEKO, Grundfos, Dover Corporation, Verder Group, and Watson-Marlow Fluid Technology Group, among others.
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This report segments the global metering pumps market into:
Global Metering Pumps Market: Type Analysis
- Diaphragm
- Piston/Plunger
- Others (Peristaltic Pumps and Syringe Pumps)
Global Metering Pumps Market: End-Use Industry Analysis
- Water Treatment
- Petrochemicals
- Oil and Gas
- Chemical Processing
- Pharmaceuticals
- Food and Beverages
- Pulp and Paper
- Others (Agriculture and Pesticides, Textiles, Construction, Poultry, Mining, etc.)
Global Metering Pumps Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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