Dublin, Dec. 13, 2018 (GLOBE NEWSWIRE) -- The "Metering Pumps Market by Type (Diaphragm, Piston/Plunger), End-Use Industry (Water Treatment, Petrochemicals, Oil & Gas, Chemical Processing, Pharmaceuticals, Food & Beverages, Pulp & Paper), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The metering pumps market is projected to reach USD 5.22 Billion by 2021, at a CAGR of 6.2% from 2016 to 2021.
Metering pumps used in several end-use industries such as, water treatment, chemical processing, pharmaceuticals, food & beverages, pulp & paper, petrochemicals, and oil & gas industries. The increasing usage of metering pumps across these industries is expected to drive the market for the metering pump in near future.
Metering pumps are divided into three categories, namely, diaphragm, piston/plunger and others. Diaphragm type of metering pump is the most-preferred pump for chemical injection or dosing purpose due to its safe, precise, and efficient operations. Furthermore, in diaphragm metering pumps, there are no moving parts in direct contact with fluid except valves and it can also handle fluids with some solid materials without any corrosion or damage to the pumps.
Rising use of metering pumps in the water treatment industry has led to an increased demand for metering pumps, globally. Asia-Pacific is estimated to be the largest market for metering pumps, followed by Europe. China accounted for the largest share in Asia-Pacific till 2021 and is expected to be the fastest-growing market for metering pumps during the forecast period.
Major producers of metering pumps, such as Injection Technical Control Incorporation (Spain), Lewa GmbH (Germany), Prominent Dosiertechnik GmbH (Germany), Seko S.P.A. (Italy), Seepax GmbH (Germany), and SPX Flow Technology Norderstedt GmbH (Germany) are located in the Europe.
Companies are investing in developing new and advanced products to strengthen their product portfolio and cater to the increasing demand for metering pumps. For instance, IDEX subsidiary Pulsafeeder launched PULSAPRO line of hydraulic actuated diaphragm metering pump. This pump with the improved feature will target the downstream oil & gas, chemical processing, and water treatment industries.
Companies such as IDEX Corporation (U.S.), Injection Technical Control Incorporation (Spain), Lewa GmbH (Germany), Mcfarland-Tritan LLC (U.S.), Milton Roy Company (U.S.), Prominent Dosiertechnik GmbH (Germany), Seko S.P.A. (Italy), Swelore Engineering Private Limited (India), Seepax GmbH (Germany), and SPX Flow Technology Norderstedt GmbH (Germany) adopted the expansions, merger & acquisitions, agreements and new product developments strategies to expand their market share and distribution network in the metering pumps market from 2012 to 2016.
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Metering Pumps Market
4.2 APAC Metering Pumps Market, By Type and Country
4.3 Metering Pumps Market, By Major Countries
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Stringent Government Regulations Regarding Water Treatment
5.2.1.2 High Growth in End-Use Industries
5.2.1.2.1 Rising Demand for Metering Pumps in the Oil & Gas Industry
5.2.1.2.2 Growing Need for Water/Wastewater Treatment
5.2.1.2.3 Increasing Demand for Pharmaceutical Products
5.2.1.3 Demand for Digital Pumping Solutions
5.2.2 Restraints
5.2.2.1 Maturity of North American and European Markets
5.2.3 Opportunities
5.2.3.1 Expansion of Chemical Plant Capacities
5.2.3.2 Increasing Demand for Superior Quality, Reliable, and Accurate Metering Systems
5.2.4 Challenges
5.2.4.1 Price Sensitivity of End Users and Lack of Knowledge
5.2.4.2 Growing Customization Demand From Consumers
5.3 Porter's Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Bargaining Power of Suppliers
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
6 Metering Pumps Market, By Type
6.1 Introduction
6.2 Diaphragm
6.2.1 Safe, Precise, and Efficient Operations are Driving Factors for Diaphragm Metering Pumps Market
6.3 Piston/Plunger
6.3.1 The Demand for Piston/Plunger Metering Pumps is Driven By It Highly Efficient and Low Maintenance Characteristics
6.4 Others
6.4.1 Increasing Use in Food & Beverage and Pharmaceuticals are Driving the Demand for Other Metering Pumps
7 Metering Pumps Market, By End-Use Industry
7.1 Introduction
7.2 Water & Wastewater Treatment
7.2.1 Lack of Fresh Water and Increase in Industrial Water Consumption and Discharge are Driving the Demand for Metering Pumps in Water & Wastewater Treatment
7.3 Petrochemicals, Oil & Gas
7.3.1 Growing Population and Increasing Demand for Energy are Driving the Demand for Metering Pumps in Petrochemicals, Oil & Gas Industry
7.4 Chemical Processing
7.4.1 Increasing Consumption of Water in Chemical Production is Driving the Demand for Metering Pumps in Chemical Processing
7.5 Pharmaceuticals
7.5.1 Stricter Regulations and Increasing Focus Towards Bioproducts are Driving the Demand for Metering Pumps in Pharmaceuticals
7.6 Food & Beverage
7.6.1 Growing Population and Increasing Demand for Processed Food are Driving the Demand for Metering Pumps in Food & Beverage
7.7 Pulp & Paper
7.7.1 Increasing Application of Paper in Packaging & Printing Industry is Driving the Demand for Metering Pumps in Pulp & Paper
7.8 Others
8 Metering Pumps Market, By Region
8.1 Introduction
8.2 North America
8.2.1 US
8.2.1.1 The Recent Increase in Oil Production Activities and Rising Demand for Potable Drinking Water is Boosting the Demand for Metering Market
8.2.2 Canada
8.2.2.1 The Introduction of Digital Technologies in the Country is Driving the Metering Pumps Market
8.2.3 Mexico
8.2.3.1 The Increasing Demand for Clean Water From the Agriculture Sector is Expected to Drive the Demand for Metering Pumps
8.3 APAC
8.3.1 China
8.3.1.1 The Rising Demand for Water Treatment Projects and Growth of the Industrial Sector are Fueling the Growth of the Metering Pumps Market
8.3.2 India
8.3.2.1 The Increasing Investments in Infrastructure and Government Initiatives are Expected to Impact the Market Growth Positively
8.3.3 Japan
8.3.3.1 The Growing Water Demand From Both Industrial and Commercial Entities are Increasing the Demand for Metering Pumps
8.3.4 South Korea
8.3.4.1 The Country's Large Industrial Base and Stringent Effluent Standards are Driving the Metering Pumps Market
8.3.5 Australia
8.3.5.1 The Growing Water Treatment and Oil & Gas Drilling Activities are Driving the Demand for Metering Pumps
8.3.6 Indonesia
8.3.6.1 The Major Focus on the Water Supply to the Low-Income Class Population of the Country is Driving the Market
8.3.7 Rest of APAC
8.4 Europe
8.4.1 Germany
8.4.1.1 The Increasing Demand for Water From the Chemical Industry and the Growing Pharmaceuticals Industry are Expected to Drive the Demand for Metering Pumps
8.4.2 UK
8.4.2.1 The Presence of the Growing Water Treatment and Petrochemicals, Oil & Gas Industries is Expected to Drive the Metering Pumps Market
8.4.3 France
8.4.3.1 The Increasing Focus Toward Advanced Water Treatment Technology and the Growing Food & Beverages Industry are Driving the Metering Pumps Market
8.4.4 Italy
8.4.4.1 The Rising Demand for Water From Agriculture and Industrial Applications are Boosting the Demand for Metering Pumps
8.4.5 Rest of Europe
8.5 Middle East & Africa
8.5.1 South Africa
8.5.1.1 The Growing Government Focus on Water Treatment Needs is Boosting the Demand for Metering Pumps
8.5.2 Saudi Arabia
8.5.2.1 The Rising Need for Fresh Water is Driving the Demand for Metering Pumps
8.5.3 Rest of the Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.1.1 The Increasing Industrialization and Untreated Industrial Wastes are Increasing the Need for Water Treatment, Which, in Turn, is Driving the Market
8.6.2 Argentina
8.6.2.1 The Growing Need for Water Treatment Facilities to Drive the Demand for Metering Pumps
8.6.3 Rest of South America
9 Competitive Landscape
9.1 Introduction
9.2 Ranking of Key Players
9.2.1 Milton Roy
9.2.2 Prominent
9.2.3 IDEX Corporation
9.2.4 Lewa
9.2.5 Grundfos (Denmark)
9.3 Competitive Scenario
9.3.1 Expansion
9.3.2 New Product Development
9.3.3 Merger & Acquisition
10 Competitive Intelligence
10.1 Water Treatment Industry
10.1.1 Milton Roy
10.1.2 Prominent
10.1.3 IDEX Corporation (Pulsafeeder)
10.2 Oil & Gas
10.2.1 Lewa
10.2.2 Milton Roy
10.2.3 IDEX Corporation (Pulsafeeder)
10.3 Chemical Processing
10.3.1 Prominent
10.3.2 Milton Roy
10.3.3 IDEX Corporation (Pulsafeeder)
11 Company Profiles
- Dover Corporation
- Flowrox
- Graco Inc.
- Grundfos
- IDEX Corporation
- Injection Technical Control Incorporation
- Lewa
- Mcfarland-Tritan LLC
- Milton Roy
- Prominent
- SPX Flow Technology Norderstedt GmbH
- Seepex GmbH
- Seko S.P.A
- Swelore Engineering Private Limited
- Verder Group
- Wanner Engineering
- Watson-Marlow Fluid Technology Group
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