rising need for automation and digitalization across various end-use sectors is also expected to drive Metering Pumps market revenue growth
The global Metering Pumps Market size was USD 7 Billion in 2022 and is expected to reach USD 10.86 Billion in 2032, and register a rapid revenue CAGR of 5% during the forecast period. Rising demand for metering pumps across a range of end-use sectors, including chemical, water treatment, F&B, and pharmaceuticals, is a major factor driving market revenue growth.
The chemical industry is the primary end-user of metering pumps due to their great accuracy and dependability in measuring and managing the flow of chemicals in various processes. Need for metering pumps is increasing as demand for specialty chemicals in developing nations, such as China, India, and Brazil, is rising.
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Competitive Landscape:
The global metering pumps market is highly competitive, with a number of large and medium-sized players accounting for a majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective products. Some major companies included in the global metering pumps market report are:
- Grundfos Holding A/S
- IDEX Corporation
- LEWA GmbH
- Milton Roy Company
- Parker Hannifin Corporation
- Prominent Dosiertechnik GmbH
- Seepex GmbH
- Spx Flow Inc.
- Tapflo AB
- Verder Group
- Watson-Marlow Fluid Technology Group
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Metering Pumps Market Segmentation:
Type Outlook:
- Diaphragm
- Piston/Plunger
- Syringe
- Peristaltic
Application Outlook:
- Water Treatment
- Chemical Processing
- Oil & Gas (O&G)
- Pharmaceuticals
- Food & Beverage (F&B)
- Others
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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