Metering Pump Market Synopsis

The Metering Pump Market was registered at a CAGR of 6.5% during the forecasted period of 2022 to 2030.

Market Highlights

Technology is the key to the rapid evolution occurring in different industries. Its important contribution can also be seen in the market for wastewater management and water treatment. Production of metering pumps is of great importance in boosting growth in the market for waste water management and water treatment. The metering pumps are available with higher efficiency with inadequate research and development activities. In addition , increased use of metering pumps across industries such as waste and wastewater treatment, food & beverages, pulp & paper, petrochemical products, and the oil & gas industry is expected to drive the metering pump market in the forecast period.

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Segmentation

The global metering pumps market has been segmented based on type and application.

By type, the metering pumps market has been bifurcated into diaphragm and piston.

By application, the chemical petrochemical, oil & gas, water & wastewater treatment, and others.

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Regional Analysis 

Asia-Pacific is projected to be an emerging Metering pump market. In the manufacturing sector the region has attracted considerable domestic and foreign investment. In addition, the region offers the benefits of economies of scale because of the availability of relatively cheap labor and low cost raw materials. China is the largest and is also forecast to be the fastest-growing metering pump market in the forecast period. China is the single-largest metering pump end-user. The availability of comparatively low-cost raw materials and the booming growth of end-use applications with high domestic and foreign investment drives China growth. During the forecast period Asia-Pacific is projected to dominate the metering pump market with high capacity expansion investments from manufacturers. Additionally, favorable government regulations help the region's market flourish. The spiraling growth of end-use industries is also a key factor for boosting market growth.

Key Players

The key players of global metering pump market include Milton Roy Company (U.S.), Lewa GmbH (Germany), IDEX Corporation (U.S.), Injection Mcfarland-Tritan LLC (U.S.), Technical Control Incorporation (Spain), Seepax GmbH (Germany), Seko S.P.A. (Italy), Prominent Dosiertechnik GmbH (Germany), Swelore Engineering Private Limited (India) and SPX Flow Technology Norderstedt GmbH (Germany).       

The competitive metering pump market landscape is characterized by the presence of large and small players mainly focused on innovation. New entrants have been able to venture into the metering pumps market thanks to the availability of affordable tools and technologies, resulting in still global and regional competition. Branding also plays a major part when it comes to metering pumps.