The report “Metering Pumps Market by Type (Diaphragm pump, Pistons/Plungers), End-Use Industry (Water Treatment, Petrochemicals and Oil & Gas, Chemical Processing, Pharmaceuticals), Pump drive (Motor, Solenoid, Pneumatic) and Region – Global Forecast to 2028″, size is projected to grow from USD 6.9 billion in 2023 to USD 8.5 billion by 2028, at a CAGR of 4.3%. The metering pump market is witnessing growing demand, driven by factors like increased water stress, stringent regulations on water contamination, and the need for precise chemical dosing in wastewater treatment. Many governments mandate water purification before release, boosting the use of metering pumps to maintain water quality. These pumps are essential in water treatment facilities, dosing chemicals like chlorine to control pH levels and eliminate bacteria. The rising global demand for potable water and the chemical processing industry’s wide application of metering pumps for dosing various fluids further contribute to market growth. Restraints in the metering pump market include customization needs associated with these pumps and maintenance expenses associated with these pumps. Opportunities lie in the expanding chemical processing sector. However, challenges include adapting to evolving fluctuations in raw material prices.
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- 267 Market data Tables
- 43 Figures
- 254 Pages and in-depth TOC on “Metering Pumps Market – Global Forecast to 2028”
Some of the prominent key players are:
- Ingersoll Rand, Inc. (US)
- ProMinent GmbH (Germany)
- IDEX Corporation (US)
- Grundfos Holding A/S (Denmark)
- Seko S.P.A. (Italy)
- Dover Corporation (US)
Driver: Increasing Stringency in Wastewater Treatment Regulations
The escalating global water consumption, characterized by a 1% annual rise and exacerbated by approximately 2.2 billion people lacking access to clean drinking water, has spurred concerns over wastewater management. Alarming statistics indicate that a substantial 80% of wastewater is discharged untreated into the environment. Of particular significance is the manufacturing sector’s substantial water usage, currently accounting for 19% of the world’s freshwater consumption, with a projected increase to 24% by 2050. This surge in water demand has prompted countries to establish stringent regulations aimed at curtailing water pollution. Moreover, the United Nations’ report highlighting the uneven distribution of freshwater resources, with certain regions possessing an abundance while others face scarcity, has added urgency to these regulatory efforts. In response to these challenges, the metering pumps market is being propelled by a growing need for precise chemical dosing in wastewater treatment facilities to meet increasingly stringent environmental standards and ensure efficient water purification processes.
Restraint: Raw Material Price Volatility
The metering pumps market faces a significant restraint due to the unpredictable fluctuations in the prices of key raw materials. The cost of metering pumps is predominantly influenced by factors such as their operating range and the materials of construction (MoC). Essential components of metering pumps encompass a variety of materials, including metals, polymers, and alloys. Consequently, the market is susceptible to erratic pricing patterns of these essential materials. These unpredictable price shifts present manufacturers with difficulties in securing consistent supplies of high-quality raw materials and adhering to the rigid delivery schedules imposed by suppliers. Such fluctuations often result in additional expenses for metering pump manufacturers. These uncertainties in material costs pose challenges in meeting buyer commitments and can lead to substantial financial losses for manufacturers, thereby impeding the growth of the metering pumps market.
APAC estimated to account for the highest share of the metering pumps market during the forecast period
The Asia-Pacific (APAC) region is poised to dominate the global metering pumps market both in terms of value and volume throughout the forecast period from 2023 to 2028. This supremacy is attributed to the rising demand from the water treatment, driven by significant investments in capacity expansion. Furthermore, the APAC chemical sector’s growth is creating new opportunities within the metering pumps market. The expanding textile, pulp & paper, and water treatment industries are also contributing to the market’s growth in the region. Notably, India is witnessing substantial growth, with a high number of wastewater treatment plants in operation and several more under construction. This scenario is expected to lead to an increased demand for diaphragm pumps in the coming years.
