Metering Pumps Market Size, Share, Growth Analysis, By Type(Diaphragm Pumps, Piston/Plunger Pumps, Others), By End-User(Water Treatment, Petrochemicals & Oil & Gas, Chemical Processing, Pharmaceuticals), By Region - Industry Forecast 2024-2031

Metering Pumps Market size was valued at USD 6.24 billion in 2019 and is poised to grow from USD 6.5 billion in 2023 to USD 9.33 billion by 2031, growing at a CAGR of 4.1% in the forecast period (2024-2031).

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 metering pumps market. 'In February 2022, Wanner Engineering Inc., one of the key players in metering pumps market, launched P700 series. The P700 Series metering pumps from Hydra-Cell Metering Solutions have a hydraulically balanced, multiple-diaphragm design that provides smooth, linear, and virtually pulse-free flow without the use of pulsation dampeners.', 'In June 2021, The Verder Group, a Dutch manufacturer and distributor of pumps and laboratory equipment, announced the acquisition of Xylem's Jabsco rotary lobe pump product line. Verder's group offering in the pharmaceutical and food and beverage markets is expected to be strengthened as a result of the acquisition.', 'In April 2021, IDEX Corporation signed a definitive agreement to acquire Airtech Group Inc., US Valve Corporation, and related entities from investment funds managed by EagleTree Capital for USD 470 million. Airtech manufactures and designs engineered pressure technology such as positive displacement vacuum pumps, regenerative blowers, compressor systems, and valves. '

With increasing water population due to industrial effluent, several governments around the globe mandated companies to treat waste water before dumping it into natural water bodies or stream. Metering pumps are used in wastewater treatment to accurately dose chemicals into the water, such as chlorine or other chemical additions, to maintain pH levels and kill bacteria. As a result, the need for metering pumps in water and wastewater treatment facilities is expanding. For example, many prominent firms, including Milton Roy, Prominent, and Lewa, are providing metering pumps for wastewater management that can handle solid waste (contaminants in fluid), have improved anti-corrosive qualities, and increase operational efficiency. Thus, the metering pumps market is likely to be driven by stringent government regulations.

Consumers are demanding more sustainable items as they grow more ecologically conscious. Participants in the metering pumps market must also guarantee that the production procedures are long-term. Because of this, energy-efficient metering pumps are becoming more popular.

Asia Pacific is dominating the 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 population and most of them is concentrated in India and China, which has also driven the demand for safe drinking water.