USD 6.24 billion
Report ID:
SQMIG20C2012 |
Region:
Global |
Published Date: November, 2024
Pages:
260
|Tables:
69
|Figures:
58
Metering Pumps Market size was valued at USD 6.5 Billion in 2023 and is poised to grow from USD 6.77 Billion in 2024 to USD 9.71 Billion by 2032, growing at a CAGR of 4.1% during the forecast period (2025-2032).
Stringent water treatment regulations, expansion of manufacturing sector, growth of the chemical, oil & gas, and the pharmaceutical sector are some of the key factors responsible for growth of metering pumps market. In terms of end-users, the water treatment segment was the largest consumer of the metering pumps in 2019. This growth is attributed to governments promotion for safe drinking water for all. For instance, in Canada, a protocol for safe drinking water was made to eliminate all water-borne diseases hence, the water treatment projects increased giving rise to the demand for metering pumps.
US Metering Pumps Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 6.24 billion
Largest Segment
Water Treatment
Fastest Growth
Petrochemicals & Oil & Gas
Growth Rate
4.1% CAGR
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Global Metering Pumps Market is segmented by Type, by Pump Drive, by End User, and by Region. Based on Type, the market is segmented into Diaphragm Pumps, Piston/Plunger Pumps, and Other Types. Based on Pump Drive, the market is segmented into Motor-driven, Pneumatic-driven, Solenoid-driven, and Other Pump drives. Based on End User, the market is segmented into Water Treatment, Petrochemicals, & Oil & Gas, Chemical Processing, Pharmaceuticals, Food & Beverages, Pulp & Paper, Automotive, Textile, and Other End-use Industries. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Metering Pumps Market Analysis by End-Use
Water treatment is predicted to account for the overwhelming share of worldwide metering pumps in terms of end-user. Metering pumps are used to transport and inject flocculent, suspension breakers, chemical reagents, and sludge removers, as well as to dose acids and alkalis for pH control. The market is being driven by the growing need for water and wastewater treatment in countries such as China, India, and the United States. Another driver for the metering pumps market is the increasing number of desalination facilities in GCC nations and other developed and emerging countries to fulfil water shortages. The US EPA announced a USD 6 billion investment in water infrastructure projects under the Water Infrastructure Finance and Innovation Act of 2014 in October 2020.
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Asia Pacific is dominating the global metering pumps market and is also expected to grow at the fastest CAGR. Wherein, the region is witnessing strong demand for the product coming from the chemical, water treatment, and oil & gas industries. Apart from these industries, food & beverages and pharma sectors are also adding fuel to the overall market growth. Apart from this, the region has over 65% of the global population and most of them is concentrated in India and China, which has also driven the demand for safe drinking water.
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Metering Pumps Market Driver
Metering Pumps Market Restraints
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The market is characterized by the presence of a few well-established players.
New product launches, partnerships and investing in research & development have been a key business strategy in the global metering pumps market.
Top Player Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
It is anticipated that water treatment is predicted to account for a larger percentage of global metering pumps market. Metering pumps are used to transport and inject flocculent, suspension breakers, chemical reagents, and sludge removers, as well as to dose acids and alkalis for pH control. The market is being driven by the growing need for water and wastewater treatment in countries such as China, India, and the United States.
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Report Metric | Details |
---|---|
Market size value in 2022 | USD 6.24 billion |
Market size value in 2031 | USD 9.33 billion |
Growth Rate | 4.1% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Metering Pumps Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Metering Pumps Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Metering Pumps Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Metering Pumps Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20C2012
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