Metering Pump Market worth 4.96 BN USD by 2020


Hydro - Oct 1, 2015

The report, now available on ASDReports, “Metering Pump (Dosing/Chemical Injection) Market by Type (Diaphragm, Plunger/Piston) and Application (Water Treatment, Petrochemicals, Oil & Gas, Chemical Processing, Pharmaceutical, Food & Beverages, Pulp & Paper) - Global Forecasts to 2020” defines and segments the metering pumps market with an analysis and forecast of the market size in terms of number of units sold and value.

It also includes the driving and restraining factors of the metering pumps market with an analysis of trends, opportunities, and challenges. The market is segmented and has been forecast on the basis of key regions, such as North America, Asia-Pacific, Europe, and Rest of the World (RoW). The market is also segmented on the basis of type and application in major countries in each of these regions.


“Water Treatment: Major Application for metering pump”

The metering pumps market is segmented into six applications, namely, water treatment, petrochemicals, oil & gas, chemical processing, pharmaceutical, food & beverages, pulp & paper, and others. Among these applications, water treatment accounted for the largest market share in 2014 in terms of number of units sold as well as value. Metering pumps have region specific demands that are differentiated by placement, cost, and efficiency. With the flourishing water treatment, pharmaceutical & petrochemicals, and oil & gas industries in the Asia-Pacific region, it is expected to register a high CAGR of over 7% between 2015 and 2020. Food and beverages is the fastest-growing application where highly precise, accurate, and hygienic operations are required.

"Global Metering Pump market size to reach USD 4.96 Billion by 2020"

The metering pump market size is projected to grow at a CAGR of 6.3% to reach USD 4.96 Billion by 2020. In terms of value, the metering pumps market size in water treatment application is projected to reach USD 1.75 billion by 2020, at a CAGR of 5.9% between 2015 and 2020. The growth is attributed to the increasing demand for environmentally friendly wastewater disposal and increasing investment in modernization of infrastructure. Diaphragm type metering pumps offer significant advantages over other type of metering pumps and hence, lead the market whereas plunger/piston type metering pumps, due to their maintenance issues and inability to handle abrasive fluids, are projected to register a relatively lower CAGR. Asia-Pacific, with its developing economies and rapidly expanding manufacturing bases, is expected to witness the highest growth market in terms of value during the forecast period.

"Asia-Pacific accounted for approximately 38% share of the metering pumps market in 2014"

Asia-Pacific was the prime market for metering pumps in 2014 and is projected to register the highest CAGR between 2015 and 2020, backed by the increasing demand for metering pumps in China. The overall growth of the Asia-Pacific region will be supported by the high growth of the metering pumps market in China and India, which are projected to register CAGR between 7%-8% during the forecast period. China is the single largest end-user for metering pumps. Availability of comparatively low-cost raw materials and soaring growth of end-use applications supplemented by high domestic and foreign investment is driving the growth in China. Asia-Pacific is projected to dominate the metering pumps market by 2020, with high investments from manufacturers in capacity expansion. Europe was the second-largest market for metering pumps in 2014 followed by North America. The leading players in the metering pumps market are Idex Corporation (U.S.), Injection Technical Control Incorporation (Spain),Lewa Gmbh (Germany), Mcfarland-Tritan LLC (U.S.), Milton Roy Company (U.S.), Prominent Dosiertechnik Gmbh (Germany), Seko S.P.A.(Italy), Swelore Engineering Private Limited (India), Seepax Gmbh (Germany), and SPX Flow Technology Norderstedt Gmbh (Germany).

Read more in ASDReports!

Source : ASDReports - Market Research

Published on Global Energy World: Oct 1, 2015

 

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