Metering Pumps Market

Global Metering Pump Market Research Report: By Type (Peristaltic Pumps, Diaphragm Pumps, Piston Pumps, Plunger Pumps, Others), By End Use (Pharmaceutical, Water & Wastewater, Food & Beverage, Oil & Gas, Chemical, Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2023-2031.

Manufacturing & Construction | December 2023 | Report ID: EMR00367 | Pages: 301

The global metering pump market was valued at USD 6.51 billion in 2022 and is estimated to reach USD 8.47 billion by 2031, at a CAGR of 4.86% from 2023 to 2031.

 

Metering pumps are accuracy devices used to accurately control the flow rate of liquids, typically in industrial processes. These operate by frequently displacing a specific volume of fluid and are crucial in applications where precise dosing or mixing of chemicals, additives, or other liquids is required, ensuring consistency and control. Moreover, metering pumps are often piston-driven positive displacement pumps that use the piston to displace the fluid in the reservoir chamber. The principle of a metering pump is to control the amount of liquid that can be moved for a process. Their accuracy guarantees that the precise measured amount added at the right time.

 

 

 

METERING PUMP MARKET: REPORT SCOPE & SEGMENTATION

Report Attribute

Details

Estimated Market Value (2022)

6.51 Billion

Projected Market Value (2031)

8.47 Billion

Base Year

2022

Forecast Years

2023 - 2031

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment-, By Type, By End Use & Region

Segments Covered

By Type, By End Use & Region

Forecast Units

Value (USD Billion or Million), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2023 to 2031

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and the Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Global Metering Pump Market Drivers:

 

  • Growing Demand of Metering Pumps in Various End Use Industries

The growing use of the metering pumps across the various end-user industries such as pharmaceutical, water & wastewater, food & beverage, oil & gas, chemical, others. They are widely used in the oil and gas industries, and the pharmaceutical industries, which significantly raises product demand and hence market growth. The growing awareness about the advantages of metering pumps. In addition, focused on automation to reduce lead times, waste, and spontaneous downtime while also confirming the safety of the environment and workers. Metering pumps are positive displacement pumps that move a constant amount of fluid under pressure. These pumps can also handle a wide range of viscosities and pressures. Thus, demand of metering pumps market is increasing.

 

Opportunities:

  • Increasing Industrial operational and increasing demand for digital pumps

Increasing metering pumps industrial operational and increasing demand for digital pumps will create growth opportunities for the global market. Metering pumps are widely used in the water and wastewater treatment industries for precision chemical dosing, which is utilized to purify water by removing hazardous toxins, pathogens, and impurities. Additionally, metering pump is used as positive displacement to release a precise amount of a liquid with each of its strokes. For example, centrac is a new generation metering pump that features higher accuracy and a greater turndown ratio of 100:1. Its used for the industrial operation. Furthermore, digital meter is used for reading in digits on any digital display like LCD or LED. Therefore, will increasing growth of the global metering pump market demand in the forecast period.

 

Restraints:

  • Growing Customization Demands

Metering pump needs in various industries vary depending on the application. The flow rate and discharge pressure must be modified depending on the dosage necessary. Due to local producers are often unable to create customized things due to a lack of technology and competence. Furthermore, Growing complexities in design, supply chain management and manufacturing. These customizations need while maintain cost effectiveness and reliability poses. This is likely to hamper the growth of the global metering pump market.

 

Segment Overview

By Type

Based on type, the global metering pump market is divided into peristaltic pumps, diaphragm pumps, piston pumps, plunger pumps, others The diaphragm pumps segment dominated the metering pump market with the largest revenue share in 2022. This due to diaphragm pump uses a diaphragm made up of flexible materials such as rubber or plastics as an alternative of the piston to transfer fluids. In addition, the diaphragm metering pump is compressed and depressed to bring the liquid into the pumping chamber and expel it. Significantly like a piston pump, the movement of the diaphragm creates suction or a vacuum to pull the fluid in through the inlet valve. Furthermore, main advantages of diaphragm pumps include their ability to handle an extensive range of fluids, including viscous and abrasive fluid. These pumps versatility, reliability, and ability to handle challenging fluids make them a valuable choice for handling a extensive range of fluids in water & wastewater treatment, pharmaceutical, and chemical processing industries. Therefore, increasing demand of this segment in the global market.

 

By End Use

Based on end use, the global metering pump market is divided into pharmaceutical, water & wastewater, food & beverage, oil & gas, chemical, others. The water & wastewater segment dominated the metering pump market in 2022, owing to the Water treatment requires a number of steps that require precise dosage of certain chemicals to eliminate pollutants. It contains an injection of chemicals such as chlorine and pH adjusters to make water safe and potable. Moreover, the need for potable and pH-stable water supply has increased dramatically as cities and industries have grown. Metering pumps are mostly utilized in water treatment operations to optimize drinking water quality by dosing the exact amount of chemicals required. Thus, driving demand of this segment in the metering pump market.

 

Global Metering Pump Market Overview by Region

Asia Pacific dominated the metering pump market in 2022. This is attributed to speedy industrialization and urbanization and rising demand for fluid handling & safe drinking water in various countries, including China and India. Water and wastewater treatment, chemical, and food processing industries are expanding rapidly throughout Asia Pacific as urbanization and per capita income rise. Governments are increasing their investments in the pharmaceutical, food and beverage, and water and wastewater treatment businesses in the region. Furthermore, the continuous expansion of end-use industries such as chemical and oil & gas exploration industry is expected to generate more demand for fluid handling equipment. As a result, increasing demand of the global metering pump in this region.

 

 

 

Global Metering Pump Market Competitive Landscape

In the global metering pump market, a few major players exert significant market dominance and have established a strong regional presence. These leading companies remain committed to continuous research and development endeavors and actively engage in strategic growth initiatives, including product development, launches, joint ventures, and partnerships. By pursuing these strategies, these companies aim to strengthen their market position, expand their customer base, and capture a substantial share of the market.

Some of the prominent players in the global metering pump market include IDEX Corporation; Ingersoll Rand; Dover Corporation; ProMinent; Grundfos Holding A/S; SEKO S.P.A.; Milton Roy Company; SPX Flow Technology Norderstedt GmbH; Verder Group; Yamada Corporation; LEWA GmbH; Moyno Inc.; Nikkiso Co., Ltd.; Swelore Engineering Pvt. Ltd.; Wanner Engineering, Inc. and others.

 

Global Metering Pump Market Recent Developments

  • In July 2023, Grundfos Holding A/S acquired Metasphere, a leading smart sewer solutions provider. This acquisition is anticipated to help the company expand its product offerings within pumps and hydraulic segment.
  • In September 2022, Verder Liquids has introduced the Verderflex Ds500, an innovative dosing and metering pump with IoT functionality. This innovative pump is designed to improve accuracy and reduce operational costs in chemical dosing applications.
  • In March 2022, Graco expanded its SoloTech hose pump line, which includes models for hygienic applications and additional sizes for industrial installations. These pumps are intended for slurries, solids, and abrasives in hygienic applications or to pump caustic, abrasive, or sensitive fluids in industrial installations.

 

Scope of the Global Metering Pump Market Report

Metering Pump Market Report Segmentation

ATTRIBUTE

DETAILS

By Type

  • Peristaltic Pumps
  • Diaphragm Pumps
  • Piston Pumps
  • Plunger Pumps
  • Others

 

By End Use

  • Pharmaceutical
  • Water & Wastewater
  • Food & Beverage
  • Oil & Gas
  • Chemical
  • Others

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Metering Pump Market Size and Forecast: To identify and estimate the market size for the global metering pump market segmented by type, by end user & region and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of metering pump between 2019 and 2031.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for the global metering pump market
  • Market Influencing Factors: To find out the factors which are affecting the sales of metering pump among consumers
  • Impact of COVID-19: To identify and understand the various factors involved in the global metering pump market affected by the pandemic
  • Company Profiling:  To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Intended Audience

  • Business Executives
  • Industry Professionals
  • Academic and Research Institutions
  • Startups and Entrepreneurs
  • Governments, Associations, and Industrial Bodies
  • Investors and Trade Experts

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

The growth of the Metering Pump Market is driven by factors such as the increasing demand for accurate and precise fluid dosing in various industries, the need for efficient chemical processing, and advancements in pump technologies enhancing metering capabilities.
Metering Pumps play a critical role in chemical processing by providing precise control over the flow rate of chemicals. This is essential in industries such as petrochemicals, food and beverage, and water treatment, where the accurate dosing of chemicals is crucial for manufacturing processes and quality control.
Challenges in the Metering Pump Market include the need for regular maintenance to ensure accuracy, addressing compatibility issues with different chemicals, and the high initial costs of advanced metering pump technologies. Manufacturers work on developing user-friendly and cost-effective solutions to overcome these challenges.
Asia-Pacific held the largest share in 2022
The major players operating in the global metering pump market include IDEX Corporation; Ingersoll Rand; Dover Corporation; ProMinent; Grundfos Holding A/S; SEKO S.P.A.; Milton Roy Company; SPX Flow Technology Norderstedt GmbH; Verder Group; Yamada Corporation; LEWA GmbH; Moyno Inc.; Nikkiso Co., Ltd.; Swelore Engineering Pvt. Ltd.; Wanner Engineering, Inc. and others.