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The metering pumps market size is estimated to increase by USD 1.09 billion and grow at a CAGR of 4.41% between 2022 and 2027. The growth of the market depends on several factors such as the growing demand for water conservation and treatment, the increasing industrial acceptance of positive displacement pumps, and the rising need for RO water treatment. With a focus on blue-white technologies, the metering pumps market is poised for further growth in addressing fluid dosing needs across various sectors. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario. It also includes an in-depth analysis of drivers, trends, and challenges.
Market Forecast 2023-2027
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This report extensively covers market segmentation by product (diaphragm, plunger, and others), end-user (water and wastewater industry, oil and gas industry, chemical and petrochemical industry, food and beverage industry, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America).
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 1.56 billion in 2017 and continued to grow until 2021.?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.
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.
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APAC is estimated to contribute 40% to the growth by 2027. 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.
The market is experiencing robust growth, driven by increasing demand from chemical processing industries and wastewater treatment regulations. With a focus on clean drinking water and freshwater resources, industrial operations are adopting digital pumping solutions for efficient fluid dosing. Customization options, such as chemical injection positive displacement devices and diaphragm pumps, cater to diverse needs across industries. Potential customers benefit from platforms that offer exposure and networking opportunities, enhancing capabilities and efficiency. As industrialization expands, sectors like the refining and petrochemical industries are driving demand for metering pumps. However, challenges such as supply-demand imbalances and wastewater treatment complexities underscore the need for innovative solutions. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.
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. 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.
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.
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.
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.
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 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.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The Market is thriving with advancements in accurate dosing technology, catering to diverse sectors including chemical processing, pharmaceuticals, and wastewater treatment. These pumps offer precise fluid dosing solutions, ensuring adaptability to various chemical applications and regulatory constraints. With capabilities ranging from liquid injection to discharge rate control, metering pumps are indispensable in industrial operations, providing clean drinking water, desalination, and wastewater treatment. Despite complex maintenance requirements, innovations such as digital pumping solutions and non-oxidizing biocides enhance performance and minimize downtime. As urbanization drives demand for clean water and stringent regulatory bodies enforce wastewater treatment regulations, metering pump technology continues to evolve, offering high-performance solutions for businesses worldwide, from industry leaders to smaller enterprises.
Moreover, the market is thriving with advancements in precision systems and high-performance technologies, catering to diverse industries such as chemical processing, food & beverage, pharmaceuticals, and wastewater treatment. Chemical dosing systems, including diaphragm pumps and chemical injection positive displacement devices, play a vital role in ensuring accurate chemical dosing in various applications. With increasing industrialization and demand for water treatment facilities like desalination plants, metering pumps are essential components for maintaining water quality and mitigating scale inhibitors. However, restraints such as supply-demand imbalances and the need for skilled personnel pose challenges. Nonetheless, networking opportunities, distributor acquisitions, and customer accessibility drive market growth, offering a wide product range to potential customers across different platforms in the global metering pumps market.
Metering Pumps Market Scope |
|
Report Coverage |
Details |
Page number |
182 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.41% |
Market growth 2023-2027 |
USD 1.09 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.9 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 40% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
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., Swelore Engineering Pvt. Ltd., and Blue-White Industries Ltd. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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