Global Metering Pumps Market Study

Market Insights

The Metering pumps market was valued at USD 3822.1 Million in 2020, and it is expected to reach a value of USD 5180.8 Million by 2027, at a CAGR of 5.20% over the forecast period (2021 - 2027).

The factors contributing to the market growth include stringent water treatment regulations, expansion of manufacturing sector, growth of the chemical, oil & gas, and the pharmaceutical sector. In terms of end-users, the water treatment segment was the largest consumer of the metering pumps in 2020. This growth is attributed to governments promotion for safe drinking water for all. For instance, in Canada, a protocol for safe drinking water was made to eliminate all water-borne diseases hence, the water treatment projects increased giving rise to the demand for metering pumps. Apart from this in the Asia Pacific region the growth of the chemical sector and water treatment plants due to FDI is increasing, which is also projected to foster growth in the metering pumps market.

Segmental Analysis

The Global Metering pumps market is segmented based on Type, End-Use, and Region. Based on Type it is categorized into: Diaphragm Pumps, Piston/Plunger Pumps, Others. Based on End-Useit is categorized into: Water Treatment, Petrochemicals & Oil & Gas, Chemical Processing, Pharmaceuticals, Food & Beverages, Pulp & Paper, Automotive, Textile, Others. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.

Analysis by End-Use

Water treatment is predicted to account for the overwhelming share of worldwide metering pumps in terms of end-user. Metering pumps are used to transport and inject flocculent, suspension breakers, chemical reagents, and sludge removers, as well as to dose acids and alkalis for pH control. The market is being driven by the growing need for water and wastewater treatment in countries such as China, India, and the United States. Another driver for the metering pumps market is the increasing number of desalination facilities in GCC nations and other developed and emerging countries to fulfil water shortages. The US EPA announced a USD 6 billion investment in water infrastructure projects under the Water Infrastructure Finance and Innovation Act of 2014 in October 2020.

Regional Insights

The Asia Pacific region contributed to the largest revenue growth in 2019. Not only this but the region is also estimated to grow rapidly between 2020-2027. The demand mainly comes from the chemical, water treatment, and oil & gas industries. Apart from these industries, the food & beverages and pharma sectors are also boosting demand for the market in the APAC region. The growing population in India and China, which also led to the demand for safe drinking water is behind the growth of this region. Europe will also register significant growth due to initiatives to save natural water bodies and the growth of paper and pulp industries.

Market Dynamics

Driver

• Several governments have implemented rules and regulations requiring companies to purify water before dumping it into bodies of water. Metering pumps are used in wastewater treatment to accurately dose chemicals into the water, such as chlorine or other chemical additions, to maintain pH levels and kill bacteria. As a result, the need for metering pumps in water and wastewater treatment facilities is expanding. For example, many prominent firms, including Milton Roy, ProMinent, and Lewa, are providing metering pumps for wastewater management that can handle solid waste (contaminants in fluid), have improved anti-corrosive qualities, and increase operational efficiency.

Challenges

• The metering pump requirements in various sectors vary depending on the application. The flow rate and discharge pressure must be adjusted to meet dosage requirements. Furthermore, OEM manufacturer criteria change depending on the industry in terms of product design and performance. Metering pumps with measurement and control technologies, terminal boxes, control cabinets for bigger systems, and PLC programmable logic controllers are all in high demand. As a result, to fulfil process requirements, the organization develops custom-made functional blocks. This makes it difficult for businesses to achieve economies of scale. Furthermore, due to a lack of technology and abilities, local manufacturers are often unable to create customised items.

Competitive Landscape

The market is characterized by the presence of a few well-established players. New product launches, partnerships and investing in research & development have been a key business strategy. Some of their recent developments are as follows:

Top Players Company Profiles

• IDEX Corporation (US)

• LEWA (Germany)

• Ingersoll Rand (US)

• Dover Corporation (US)

• ProMinent (Germany)

• Grundfos (Denmark)

• SEKO (Italy)

• Watson-Marlow Fluid Technology Group (UK)

Recent Developments

• In 2020, Blue-White Industries Ltd. introduced the FLEXFLO A1F peristaltic metering pump, which has a high energy efficiency, reduced maintenance requirements, and an upgraded tube failure warning system that works with all chemicals.

• In 2020, Seko S.P.A. established a new subsidiary in Colombia which will primarily sell chemical dosing systems and other products.

Key Market Trends

• Consumers are demanding more sustainable items as they grow more ecologically conscious. Participants in the market must also guarantee that the production procedures are long-term. Because of this, energy-efficient metering pumps are becoming more popular. In the past, metering pumps consumed a lot of power. Therefore, there is a need to develop energy-efficient pumps. The new pumps not only save energy and waste, but they also save money and time while operating with pinpoint accuracy. The advantages of the new pumps are propelling the industry forward

• Another trend that is fostering growth in the market is the government regulations that are in place to have safe drinking water. Pumps in water treatment plants are used to purify the water, remove debris, pollutants, and dangerous microorganisms. Various organizations such as the Central Pollution Control Board of India, the European Union's Water framework directive, EPA have taken different initiatives to reduce water pollution. These steps are further increasing the demand for metering pumps.

• Metering pumps are widely used in the oil and gas sector. Pumps are used to extract oil and natural gas and to supply corrosion inhibitors. Countries such as Russia, Saudi Arabia, and Iraq are spending heavily in oil exploration, which is increasing the need for metering pumps. The large-scale production of crude oil since 2018 is another element expected to support market development.