Press release
Global Metering Pumps Market Comprehensive Study: Forecasted Market Size And Growth Rate | IIDEX Corporation, LEWA GmbH, Ingersoll Rand, Dover Corporation, ProMinent GmbH
Metering Pumps Market Trends
The Business Research Company offers in-depth market insights through Metering Pumps Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The metering pumps market size has grown strongly in recent years. It will grow from $6.02 billion in 2023 to $6.38 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to industrial advancements, focus on efficiency, rise in chemical processing industries, demand for precise fluid control, automation and control systems..
The metering pumps market size is expected to see strong growth in the next few years. It will grow to $8 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to industry digitization, rise in chemical industry, focus on pharmaceutical manufacturing, adoption of iot and remote monitoring, shift towards sustainable solutions.. Major trends in the forecast period include modularity and customization, increased connectivity and integration, focus on efficiency and precision, shift towards eco-friendly solutions, development of compact and portable models..
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Market Segmentation:
The metering pumps market covered in this report is segmented -
1) By Type: Diaphragm, Piston/Plunger, Other Types
2) By Sales: Direct, Distribution Channel
3) By End-Use Industry: Water Treatment, Petrochemicals And Oil and Gas, Automotive, Chemical Processing, Pharmaceuticals, Food And Beverage, Pulp And Paper, Textile, Other End-Use Industries
Major Driver - The Rising Demand For Sustainable Water Supply Drives The Metering Pumps In Meeting
The rising demand for sustainable water supply across various industries is expected to propel the growth metering pumps market in the forecast period. Sustainable water supply entails identifying dependable and resilient responses to diverse human water demands that do not deplete water resources or the local economy and have no long-term detrimental influence on the environment. Water-saving methods implemented through smart water metering will allow to save money while diverting less water from rivers, bays, and estuaries, promoting environmental health. For instance, In February 2022, BASF, a Germany-based chemical producer, stated that in their total of 1695 million cubic meter water abstraction, 78.5% of water demand was covered as reused water. Hence, the increasing focus towards wastewater treatment will drive the demand for metering pumps.
Competitive Landscape:
Major companies operating in the metering pumps market report are IIDEX Corporation, LEWA GmbH, Ingersoll Rand, Dover Corporation, ProMinent GmbH, Grundfos Pumps Corporation, SEKO S.p.A., Watson-Marlow Fluid Technology Group, Blue-White Industries Ltd., SEEPEX GmbH, MCFARLAND PUMPS, Swelore Engineering Private Limited, Cole-Parmer Instrument Company LLC, Morrill-Industries Inc., AxFlow Holding AB, Milton Roy Company, SPX Flow Technology Norderstedt GmbH, Verder Group, Ecolab Engineering GmbH, Nikkiso Co. Ltd., Erich NETZSCH GmbH & Co. Holding KG, Neptune Chemical Pump Company, LMI Milton Roy, Lutz -JESCO Corp., Graco Inc., Flowrox Oy, Promag Enviro Systems Ltd., Pulsafeeder Inc., Tohkemy Corporation, Orbray Co. Ltd. .
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Top Trend - Revolutionizing Metering Pumps By Embracing Technological Advancements For Enhanced Efficiency And Remote Monitoring
Technological advancement is a key trend gaining popularity in the metering pumps market. Companies in the market are focusing on leveraging connected technologies and data analysis to develop better and energy-efficient metering pumps. For instance, in May 2022, SEKO, a US-based chemical dosing pump manufacturer, announced the release of KommBox, a device that physically connects to compatible SEKO metering pumps to enable them to connect to the internet and give operators the power to remotely monitor and control their process. KommBox allows users to get a comprehensive view of their expenses, make programming modifications, monitor system performance and chemical usage in real-time, and analyze past data.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Metering Pumps Market Characteristics
3. Metering Pumps Market Trends And Strategies
4. Metering Pumps Market - Macro Economic Scenario
5. Metering Pumps Market Size And Growth
…..
27. Metering Pumps Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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