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The global metering pump market size was $4.4 billion in 2019, and it is expected to register a CAGR of 3.9% over the forecast period (2020–2030). Strict government regulations for water treatment and rising demand for such devices from the oil & gas industry are some major growth factors propelling the metering pump industry. Additionally, in the Asia-Pacific (APAC) region, the increasing government regulations for water treatment, chemical sector, and foreign direct investments (FDIs) in manufacturing plants are some major factors influencing the demand for metering pumps.
The COVID-19 pandemic that started in late 2019 has severely impacted the metering pump market across the globe. The slow economic growth and stringent lockdown measures implemented by governments have led to the plummeting of the overall market, both on the supply and demand sides. The supply of raw materials, required for production, from China, Japan, and numerous Association of Southeast Asian Nations (ASEAN) member countries has been disrupted, which has put a major strain in the production of metering pumps. The shrunken labor availability over time, due to shutdowns, followed by the migration of workers to their home states, has also impacted the production of pumps.
The diaphragm category registered the fastest growth in the metering pump market till 2019, based on type, and it is expected to retain its pace over the forecast period. This is because of the various advantages offered by these pumps over other types. Other than their ability to handle abrasive, flammable, and corrosive liquids and pump liquids of much-higher viscosities, diaphragm pumps are more energy-efficient and cheaper to operate in the longer run. Diaphragm metering pumps are further classified into metallic and polytetrafluoroethylene (PTFE). Of them, the PTFE segment held larger metering pump market share in 2019, owing to the flexibility and robustness of the materials used for the diaphragm of the pump.
In the metering pump market outlook, the water treatment category, based on end user, held the largest market share in 2019. This can be attributed to the tough government regulations for safe drinking water around the world. For instance, the Safe Drinking Water and Fluoride Monitoring Protocol was made effective in February 2019 by the Ontario Ministry of Health and Long-Term Care, to provide direction to health boards on the components of the Safe Water Program, for the reduction and prevention of water-borne illness. This rise in such regulations has led to an increase in the number of water treatment projects, to make water suitable for reuse. Since a variety of chemicals are used for wastewater treatment, metering pumps are being used to measure the correct dosages of those chemicals. These applications of metering pumps in water treatment plants are boosting the metering pump market.
The APAC region held the largest share in the metering pump industry during the historical period (2014–2019). China and India held the major share in the regional metering pump market, owing to the growing population and industrial expansion, which are fueling the demand for freshwater. Ample safe drinking water availability has become a top priority for governments in the region, especially in China, India, and Japan. This is fueling the setting up of water treatment plants in the region, which, in turn, is propelling the high-volume sale of metering pumps, due to their requirement for the water treatment process.
APAC is also the fastest-growing region in the metering pump market currently, and it is expected to retain the pace throughout the forecast period. One of the major factors driving the market growth in the region is the rise in industrial development activities, visible in the setting up of new manufacturing facilities in every major industry, such as chemical processing, pharmaceuticals, and oil & gas. This rapid industrial expansion is opening up huge avenues in the region, and, coupled with the availability of low-cost raw materials for pump production, it will help the market pick up pace here.
A prominent trend being observed in the metering pump market is the growing popularity of energy-efficient metering pumps. Power consumption has become a major cost factor for metering pumps. With a longer functioning time in certain applications, energy-efficient pumps are being deployed to reduce energy wastage, without compromising the accuracy. The high energy efficiency of these systems allows for energy savings, and hence, reduces the cost burden. Cost advantages, coupled with enhanced energy efficiency, improved overall productivity, and low maintenance requirements, have led to a surge in the popularity of such models in the metering pump market.
The strict government regulations for water treatment across the globe are a key driver for the metering pump industry. These pumps are used in water treatment plants to feed chemical additives to the wastewater, to eliminate pollutants, slurry, and harmful microorganisms, thereby enhancing the water quality.
In 2018, the Water Infrastructure Act (AWIA) of the U.S. was amended, and the strengthened law focuses on all water that is currently or theoretically intended for drinking. This act authorizes the Environmental Protection Agency (EPA) to set minimum requirements to protect drinking water from pollution and requires all surface water system operators or owners to meet the health-related requirements. These toughening regulations are expected to boost the metering pump market during the forecast period.
The oil & gas industry is playing a major role in the growth of the global metering pump industry. This can be attributed to the rising usage of metering pumps in the dosing of corrosion inhibitors in midstream processes and the extraction of oil & natural gas. The rise in the production of crude oil in the U.S., Saudi Arabia, Russia, Iraq, and other countries is leading to an increase in the demand for metering pumps in the industry.
As per the U.S. Energy Information Administration (EIA), the country produced 10.96 million barrels of crude oil per day in 2018. The EIA projects that U.S. crude oil production will continue to grow, averaging 12.3 million barrels and 13.0 million barrels per day in 2019 and 2020, respectively. Hence, the increasing production of crude oil has boosted the demand for these pumps and is driving the overall metering pump market.
|Base Year (2019) Market Size||$4.4 billion|
|Forecast Period (2020-2030) CAGR||3.9%|
|Report Coverage||Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, COVID-19 Impact, Company Share Analysis, Companies’ Strategical Developments, Product Benchmarking, Company Profiling|
|Market Size by Segments||By Type; By End-User; By Region|
|Market Size of Geographies||U.S., Canada, Germany, France, Italy, U.K., Spain, Japan, China, India, Brazil, Mexico, Saudi Arabia, Turkey, U.A.E.|
|Secondary Sources and References (Partial List)||American Petroleum Institute (API), British Pump Manufacturers’ Association (BPMA), European Association for Pump Manufacturers, European Hygienic Engineering and Design Group, Food Processing Suppliers Association (FPSA), Hydraulic Institute, Indian Pump Manufacturers’ Association (IPMA), International Water Association, Iowa Rural Water Association, Mass Rural Water Association, Submersible Wastewater Pump Association (SWPA), Water Quality Association|
Metering pumps offer various advantages to the chemical industry, such as pumping and handling corrosive chemicals. Other advantages, such as high energy-efficiency, low maintenance costs, and longer service life, have provided good results to the chemical industry, which, in turn, is leading to a wide adoption of such devices. The growing chemical industry in China, Europe, and the U.S. is favorable for the metering pump market. The increasing crude exploration & production activities in the U.S. have resulted in growing investments in the construction of chemical plants.
The metering pump industry is highly consolidated and competitive in nature, with the presence of a limited number of market players, such as SEKO S.p.A., Grundfos Pumps Corporation, LEWA GmbH, IDEX Corporation, and ProMinent GmbH.
In recent years, apart from engaging in extensive research and development (R&D), players in the industry have launched several new and advanced products to stay ahead of their competitors. For instance:
The metering pump market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.
Based on Type
Based on End User