iCrowd Newswire – Jul 23, 2020
As per a study conducted by P&S Intelligence, the global metering pump market is projected to reach a value of $6.8 billion by 2030, and it is expected to advance at a 3.9% CAGR during the time period 2020–2030. The market is registering growth due to the increasing demand for metering pumps from the oil & gas industry and strict government regulations regarding water treatment.
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On the basis of end user, the metering pump market is divided into oil & gas, petrochemicals, water treatment, food & beverage, pharmaceuticals, chemical processing, pulp & paper, and others. Among all these, the chemical processing division is predicted to grow at the fastest pace in the years to come, due to the rising use of these devices for several chemical processing applications. Metering pumps offer a number of advantages, including capability of pumping an extensive range of chemicals, greater accuracy, and high level of repetitiveness.
The objective of this research includes;
- Historical and the present size of the metering pump market
- Future potential of the market through its forecast for the period 2020– 2030
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
- Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
- Major players operating in the gene therapy market and their service offerings
- Recent strategic developments by the major players in the market
In terms of type, the metering pump market is categorized into piston, diaphragm, and others, out of which, the diaphragm category is projected to account for the largest share of the market in the coming years. This can be attributed to the fact that these metering pumps offer various advantages over their counterparts, such as their ability to pump liquids that have much higher viscosity. In addition to this, diaphragm pumps can also handle abrasive, flammable, and corrosive liquids.
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Considering geographical scenario, the Asia-Pacific region dominated the metering pump market in 2019, and it is further expected to make the most of these devices in the near future as well. This is primarily ascribed to the rising demand for metering pumps at water treatment plants. The demand for clean water in this region is high, owing to the fact countries including China, Japan, India, and Indonesia are some of the most populated countries across the globe, thereby driving the demand for metering pumps.
The research includes detailed analysis of;
Based on Type
- Polytetrafluoroethylene (PTFE)
Based on End User
- Water Treatment
- Oil and Gas
- Chemical Processing
- Food and Beverage
- Pulp and Paper
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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Keywords: Metering Pump Market, Metering Pump Market Size, Metering Pump Market Share, Metering Pump Market Demand, Metering Pump Market Forecast, Metering Pump Market Overview, Metering Pump Market Analysis, Metering Pump Market Outlook