Metering Pumps Market Analysis APAC, Europe, North America, Middle East and Africa, South America - China, US, Germany, Japan, UK - Size and Forecast 2024-2028

Metering Pumps Market Size 2024-2028

The metering pumps market size is estimated to increase by USD 1.12 billion, at a CAGR of 4.36% between 2023 and 2028. The water treatment industry is experiencing significant growth due to increasing awareness and regulations regarding water conservation. Positive displacement pumps, known for their efficiency and precision, are gaining acceptance in this sector. These pumps are particularly useful in reverse osmosis (RO) water treatment systems, where metering accuracy is crucial. The demand for metering pumps in RO applications is on the rise, as they enable precise control of the feedwater flow rate, ensuring optimal membrane performance and reducing water waste. The industrial acceptance of positive displacement pumps, combined with the growing need for metering pumps in RO water treatment, positions this technology as a key offering in the water treatment industry.

What will be the size of the Market During the Forecast Period?

Market Forecast 2024-2028

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Segmentation

Product Segment Analysis: 

The diaphragm segment will account for a major share of the market's growth during the forecast period.?Diaphragm metering pumps are typically deployed for chemical metering and injection applications. Due to factors such as safety, accuracy, and working efficiency, the diaphragm pump is considered the main type of metering pump in the market. In addition, diaphragm metering pumps do not contain moving parts that come into direct contact with the fluid other than valves, and these pumps can be operated mechanically or hydraulically.

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The diaphragm segment was valued at USD 1.61 billion in 2018.?A well-maintained diaphragm metering pump will reduce operating costs over time. Diaphragm metering pumps save energy because they use more motor torque in the forward stroke (power) than in the reverse stroke. Easily overcome pipeline pressure with a properly sized diaphragm metering pump. A well-maintained diaphragm metering pump reduces the risk of leaks. Therefore, advancements in the application of diaphragm metering pumps in various industries will contribute to the growth of the diaphragm segment, which will boost the growth of the market during the forecast period. 

End-user Segment Analysis: 

Based on end-user, the market has been segmented into the water and wastewater industry, oil and gas industry, chemical and petrochemical industry, food and beverage industry, and others. The water and wastewater industry?segment will account for the largest share of this segment.?They have a wide range of applications in the water and wastewater industry, such as dispensing process chemicals for disinfection, clarification, filtration, coagulation, flocculation, and other processes. Dosing pumps are deployed for such applications primarily because they have the flexibility to match chemical dosing rates depending on the required process conditions. Factors such as growing concerns about dwindling freshwater resources and increasing investment in the industry is expected to drive the growth of the water and wastewater industry in the market during the forecast period.

Regional Analysis

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APAC is estimated to contribute 40% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. Growing demand from the oil and gas and water and wastewater industries will drive the metering pump market in APAC. The growing demand for potable water in emerging countries such as Singapore and India has led to increased investments in water treatment plants and the upgrading of old water supply systems. Water demand is expected to increase due to population growth. This is the main reason behind the demand from the water and wastewater industry. 

Furthermore, the region's oil and gas sector is expected to be driven by factors such as increased auto sales in the region coupled with growing demand from the transportation sector, which is driving significant investment. including the oil and gas sector from APAC. These investments are expected to generate lucrative demand.  Hence, such factors are expected to drive market growth in this region during the forecast period.  

Market Dynamics and Customer Landscape

The market is a significant segment in the fluid control systems industry, primarily used for precise chemical dosing in various applications such as Oil and Gas, Water Treatment, Chemical Processing, Petrochemical Industries, and the Energy industry. Metering pumps come in two main types: Diaphragm and Piston or Plunger. These pumps play a crucial role in ensuring clean drinking water, managing wastewater, and preserving freshwater resources by minimizing freshwater consumption and preventing water pollution. In the Oil and Gas sector, metering pumps are employed for precise measurement and injection of chemicals and additives. In Water Treatment, they are used for dosing disinfectants and other chemicals to maintain water quality. In Chemical Processing, metering pumps are essential for the production of specialty chemicals. The market for metering pumps is driven by the increasing demand for monitoring and automation in fluid control systems. The use of diagnostic equipment and advanced technologies like piston pumps further enhances the market's growth. The market is expected to witness significant growth in the coming years due to the increasing focus on water conservation and the need for precise chemical dosing in various industries.

Key Market Driver - Increasing industrial acceptance of positive displacement pumps

The market is witnessing a shift towards positive displacement devices, driven by their high repeatability accuracy and versatility in pumping various chemicals. While centrifugal pumps are common in many industries, positive displacement pumps offer distinct advantages, particularly in handling acids, bases, corrosives, viscous liquids, and slurries. This type of volumetric pump produces flow and generates pressure, enhancing efficiency in chemical injection and water treatment processes. Growing awareness of these benefits is expected to drive market growth, leading to increased sales and revenue for market players.

Further, cost advantages further contribute to market expansion, as businesses and industries recognize the capabilities and efficiency of positive displacement pumps in meeting diverse fluid dosing needs. As industrialization continues and wastewater treatment regulations tighten, the demand for metering pumps is expected to rise, addressing the supply-demand imbalance and ensuring clean drinking water and sustainable industrial operations.

Key Market Trends - Emergence of Industry 4.0 and Digitalization

Industry 4.0 concepts have led to the integration of smart metering pumps that can interact with other systems and devices. These pumps can receive and respond to signals from central control systems, helping them to adapt and react more quickly to changing conditions. Digitization enables metering pump predictive maintenance. Digitization optimizes pump operation for energy efficiency. Data analysis can identify power consumption patterns and suggest strategies to reduce power consumption without affecting performance.

Additionally, digitization improves quality control processes by providing detailed data on dosing accuracy, performance, and other relevant metrics. This data can be used to ensure consistent product quality and provide traceability throughout the life of the pump. Therefore, the emergence of Industry 4.0 and digitization will drive the growth of the market during the forecast period.

Major Market Challenge- Volatility in prices of raw materials

Stainless steel, iron, copper, and bronze are the main raw materials used to manufacture these. The prices of these raw materials depend mainly on inflation, production, and availability. Fluctuations in raw material prices can lead to instability in production costs for metering pump manufacturers. Manufacturers can have difficulty predicting and managing costs, which can negatively impact their pricing strategy and profit margins.

Moreover, market players may have difficulty in sourcing materials at the right price, which can lead to production delays or shortages. In addition, raw materials price fluctuations can affect the ability to invest in research and development to innovate and improve products, as resources may need to be redirected to manage cost fluctuations. Therefore, factors such as raw materials price fluctuations may impede the growth of the market during the forecast period. 

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Swelore Engineering Pvt. Ltd.: The company offers metering pumps such as Bran Luebbe metering pumps.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including: Alltech dosing systems GmbH, Atlas Copco AB, Dover Corp., Fluid Metering Inc., Grundfos Holding AS, IDEX Corp., Ingersoll Rand Inc., Iwaki Co. Ltd., KNF DAC GmbH, Lutz-Jesco GmbH, March May Ltd., Nikkiso Co. Ltd., NOV Inc., ProMinent GmbH, Schlumberger Ltd., SEKO SpA, Spirax Sarco Engineering Plc, SPX FLOW Inc., and Blue-White Industries Ltd. 

Technavio's market growth and forecasting report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market research and growth report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

• Product Outlook 
  • Diaphragm
  • Plunger
  • Others

• End-user Outlook 
  • Water and wastewater industry
  • Oil and gas industry
  • Chemical and petrochemical industry
  • Food and beverage industry
  • Others

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile 
    • Brazil 
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

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Market Analyst Overview

Metering pumps play a crucial role in various industries, including Oil and Gas, Water Treatment, and Chemical Processing, by ensuring precise fluid flow control for applications involving corrosives, acids, bases, slurries, and viscous liquids. In the Oil and Gas sector, metering pumps are used for crude oil production and refinery throughput. In the Water Treatment industry, they are employed in water treatment plants for clean drinking water production, wastewater treatment, and water purification processes. Metering pumps are available in different designs such as Diaphragm and Piston or Plunger types. They find extensive applications in the Chemical Processing industries for precise chemical dosing and in the Petrochemical Industries for handling chemicals and sustainable development goals.

In addition, the Industrial Sector relies on metering pumps for monitoring and controlling fluid flow in various applications. Metering pumps are used to handle a wide range of fluids, including corrosives, acids, bases, and slurries. They are designed to operate efficiently with materials of construction such as Metals, Polymers, and Alloys. Digital pumping solutions have gained popularity in recent years due to their advanced features and capabilities, offering improved accuracy, reliability, and ease of use. In the context of Wastewater management, metering pumps are essential for ensuring environmental standards and reducing water pollution. Freshwater consumption and the preservation of Freshwater resources are critical issues, and metering pumps play a vital role in optimizing water usage and minimizing wastage. Overall, metering pumps are an indispensable component in various industries, contributing significantly to efficient fluid handling and process control.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market forecast during the forecast period
• Detailed information on factors that will drive the growth of the market  between 2024 and 2028
• Precise estimation of the size of the market and its contribution  in focus to the parent market
• Accurate predictions about upcoming market trends and changes in consumer behavior
• Growth of the market across North America, Europe, APAC, Middle East and Africa, and South America
• Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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