PUBLISHER: The Business Research Company | PRODUCT CODE: 1409599
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409599
“Metering Pumps Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on metering pumps market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for metering pumps? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The metering pumps market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
A metering pump is a device that precisely measures the volumetric flow rate by moving a specific amount of liquid over a predetermined period. These pumps play a crucial role in enabling utilities to automatically collect consumption data, reduce the need for manual meter reading, enhance efficiency, and save costs.
The main types of metering pumps include diaphragm pumps, piston/plunger pumps, and others. Diaphragm metering pumps move liquid using a flexible membrane instead of a piston or plunger. The pumping chamber's capacity is enlarged, allowing fluid to be drawn into the device by expanding the diaphragm. When the diaphragm is compressed, the volume is reduced, releasing some fluid. Diaphragm pumps are particularly advantageous for pumping hazardous fluids. Metering pumps are distributed through both direct and distribution channels and find applications in various industries, including water treatment, petrochemicals and oil and gas, automotive, chemical processing, pharmaceuticals, food and beverage, pulp and paper, textile, and others.
The metering pumps market research report is one of a series of new reports from The Business Research Company that provides metering pumps market statistics, including metering pumps industry global market size, regional shares, competitors with a metering pumps market share, detailed metering pumps market segments, market trends and opportunities, and any further data you may need to thrive in the metering pumps industry. This metering pumps market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 expansion observed in the historical period can be attributed to industrial advancements, a focus on efficiency, the rise in chemical processing industries, the demand for precise fluid control, and the adoption of automation and control systems in various sectors.
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 anticipated growth in the forecast period can be attributed to industry digitization, the rise in the chemical industry, a focus on pharmaceutical manufacturing, the adoption of IoT and remote monitoring technologies, and a shift towards sustainable solutions in metering pumps. Major trends expected in the forecast period include the development of modular and customizable solutions, increased connectivity and integration, a focus on efficiency and precision, a shift towards eco-friendly solutions, and the development of compact and portable models in the metering pump industry.
The anticipated growth in demand for sustainable water supply in various industries is poised to drive the metering pumps market in the forecast period. Sustainable water supply involves identifying reliable and resilient solutions to diverse human water demands that do not deplete water resources or harm the local economy, ensuring no long-term adverse impact on the environment. The implementation of water-saving methods through smart water metering not only saves money but also diverts less water from rivers, bays, and estuaries, contributing to environmental health. For instance, in February 2022, BASF, a German chemical producer, reported that 78.5% of their total water demand (1695 million cubic meters) was covered by reused water. The increasing emphasis on wastewater treatment is expected to fuel the demand for metering pumps.
The rising demand in the oil and gas industry is projected to propel the growth of the metering pumps market. The oil and gas industry encompasses activities related to the exploration, extraction, refining, transportation, and marketing of petroleum products. Metering pumps provide precise and reliable fluid control, contributing to operational efficiency, cost savings, and compliance with safety and environmental regulations in the oil and gas sector. For instance, as of October 2023, the U.S. Energy Information Administration anticipates an increase in U.S. crude oil output to 12.4 million b/d in 2023, up from the record-high of 11.7 million b/d in 2022. Additionally, in September 2022, the U.S. consumed an average of 86.6 billion cubic feet of natural gas per day (Bcf/d) in 2022. Thus, the growing demand in the oil and gas industry is a significant driver for the metering pumps market.
Technological advancement is a prominent trend gaining traction in the metering pumps market. Companies in the market are focusing on harnessing connected technologies and data analysis to develop more efficient and energy-conscious metering pumps. For example, in May 2022, SEKO, a U.S.-based chemical dosing pump manufacturer, introduced KommBox, a device that physically connects to compatible SEKO metering pumps, enabling them to connect to the internet. This innovation empowers operators to remotely monitor and control their processes, providing a comprehensive view of expenses, facilitating programming modifications, real-time monitoring of system performance, and analyzing past data.
Major companies operating in the metering pumps market are directing their efforts toward innovative products, such as polymer metering pumps, to drive revenues. Polymer metering pumps are specialized pumps designed for the precise and consistent measurement of liquid polymers such as polyacrylamide (PAM), flocculants, and coagulants. These polymers are crucial in various applications, notably in wastewater treatment processes. For instance, in February 2023, Watson-Marlow Fluid Technology Group, a UK-based manufacturer of peristaltic pumps and tubing, launched polymer metering pumps tailored for the accurate dosing of polymers. These pumps are essential for wastewater treatment, capable of handling complex polymers and ensuring effective dewatering and treatment.
In January 2022, Landis+Gyr, a Switzerland-based manufacturer of meters and software for electricity and gas utilities, acquired Luna Elektrik Elektronik Sanayi ve Ticaret A.S. ('Luna') for an undisclosed amount. With this acquisition, Luna, a Turkey-based provider of smart metering devices and software solutions for electricity, water, and heat, becomes part of the Landis+Gyr group, allowing continued leadership by Luna's existing top management in driving market expansion and profitable growth.
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
North America was the largest region in the metering pumps market in 2023. Asia-Pacific is expected to be the fastest-growing region in the metering pumps market report during the forecast period. The regions covered in the metering pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the metering pumps market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The metering pump market consists of sales of bellows and peristaltic pumps. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.