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Metering Pump Market To Generate Revenue Worth $6.8 Billion by 2030

Published Date:   July 2020

The strict government regulations for water treatment and rising demand for metering pumps from the oil & gas industry are the major factors driving the growth of the market for these devices. These factors are expected to generate $6.8 billion in revenue for the global metering pump market by 2030, propelling it at a CAGR of 3.9% during the forecast period (2020–2030).

The COVID-19 pandemic has negatively impacted the metering pump market, both on the demand and supply sides, due to the various lockdown measures implemented by governments across the globe. The strong disruption in the supply chain in China has delayed the supply of raw materials and components, thus resulting in a slowdown in manufacturing, while the restrictions on the import and export of products have impacted the availability of pumps for end-users.

Diaphragm Category To Hold Largest Market throughout Forecast Period

The metering pump industry, based on the type, is classified into diaphragm, piston, and others. Among these, the diaphragm category is expected to lead the industry over the forecast period, in terms of revenue. The growth is owed to the various advantages offered by diaphragm metering pumps, such as their ability to pump liquids of much-higher viscosity and handle flammable, abrasive, and corrosive liquids.

The metering pump market, in terms of end user, is categorized into water treatment, petrochemicals, oil & gas, chemical processing, pharmaceuticals, food & beverage, pulp and paper, and others. Of these, the chemical processing category is expcted to grow at the highest rate during the forecast period, by revenue. This can be attributed to the surge in the usage of metering pumps for various chemical processing applications, because of the various advantages offered by them, such as greater accuracy, high level of repetitiveness, and capability of pumping a wide range of chemicals.

Geographically, Asia-Pacific (APAC) held the largest share, in terms of revenue, in 2019, and it is expected to maintain its dominance on the metering pump market during the forecast period. It is mainly due to the increasing demand for metering pumps at water treatment plants. Due to the presence of some of the most populous countries, such as China, India, Japan, and Indonesia, the metering pump industry in APAC is projected to grow at a significant pace in the coming years.

Mergers & Acquisitions Are Strongest Strategic Measure Industry Players are Relying on

Players in the metering pump market are focusing heavily on mergers & acquisitions to expand their product portfolio and customer base. For instance, in March 2020, Dover Corporation announced plans to acquire Em-tec GmbH, a manufacturer of flow measurement devices for various applications. With this acquisition, the former company aims to not only enhance its product portfolio of flow control technologies, but also its customer base, across the medical device, biopharmaceutical, and other health-related industries.

Similarly, in May 2019, Dover Corporation announced the acquisition of All-Flo Pump Company Limited, which is now part of the Pump Solutions Group (PSG) unit within Dover’s fluids segment. The acquisition has enhanced PSG’s air-operated double-diaphragm (AODD) pump portfolio and expanded its geographic and channel reach. These pumps are being used widely to transfer viscous, abrasive, and hazardous fluids, slurries, and sludges.

Browse report overview with detailed TOC on "Metering Pump Market Research Report: By Type (Diaphragm, Piston), End User (Water Treatment, Petrochemicals, Oil and Gas, Chemical Processing, Pharmaceuticals, Food and Beverage, Pulp and Paper) - Global Industry Analysis and Growth Forecast to 2030" at:https://www.psmarketresearch.com/market-analysis/metering-pump-market

Some of the major players operating in the global metering pump market are Dover Corporation, Spirax-Sarco Engineering plc, Verder International B.V., SEKO S.p.A., Grundfos Pumps Corporation, LEWA GmbH, IDEX Corporation, ProMinent GmbH, Ingersoll Rand plc, and Blue-White Industries Ltd.