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The Global Metering Pumps Market size is predicted to reach $3520 Million by 2023, growing at a CAGR of 4.83% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. The growing application of metering pumps in different areas such as waste water treatments, The production of metering pumps relies on a variety of raw materials are some of the major Metering Pumps Market trends in the industry which will create growth opportunities for the market during the forecast period. finds IndustryARC in its recent report, titled “Metering Pumps Market Size, Share & Trends Analysis Report By Product Type (Bellows Pumps, Diaphragm Pump, Piston Pumps, Peristaltic Pumps, Others), By Category (Mechanical Pump & Digital Dosing Pump), By Flow Rate (Upto 10l/h, 11-50l/h, 51-100l/h,101-200l/h,201-500l/h, Above 500l/h), By Application (Automated Dispensing, Fertigation & Chemigation, Chemical Disinfection, Fire protection Systems, Water Treatment, Others), By End-User(Municipal Utilities, Chemical, Oil & Gas, Pharmaceuticals, Textile, Food & Beverages, Automotive, Metal Processing, Paper and Pulp, Semiconductor, Commercial, Agriculture, Power Generation and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030.
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Asia-Pacific to Register Highest Growth:
Asia-Pacific is the major region dominating the Metering Pumps Market with revenue of $1343M in 2022 and is expected to grow at the CAGR of 4.61% during the forecast period. The main driver of the regional market growth is the high demand for metering pumps in various industries and the rising developments of various contract-manufacturing firms in the pharmaceutical arenas that have uplifted the usage dosing pumps in the region. Wastewater treatment projects in China will continue to proliferate the demand for metering pumps in the region.
Metering Pumps Market 2023-2030: Scope of the Report
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Metering Pumps Market Report – Key Takeaways:
● Automated Dispensing Segment to Register the Fastest Growth
The Metering Pumps Market is experiencing a notable surge in global demand, driven by the increasing adoption of smart metering pumps specifically designed for automated fluid dispensing applications in industries such as water and wastewater treatment. This growth trajectory is expected to persist throughout the forecast period. The integration of smart automated variable metering pumps with advanced industrial Ethernet and serial controls enables efficient and remote automatic adjustments, enhancing the overall operational efficiency. Despite these advancements, challenges arise in applications requiring multiple volumes, necessitating the installation of multiple metering pumps, each programmed with specific volumes.
● Metal Processing is the Fastest Growing Segment in the Market
The U.S. metals and steel sector witnessed robust growth of approximately 5%, driven by increased demand from key industries such as residential construction, aerospace, transportation, and engineering, as reported by Atradius. However, the industry faced challenges in 2022 due to rising fuel prices, supply chain constraints, and consumer price inflation, introducing turbulence into the market. These factors may pose a hindrance to the adoption of metering pumps in North America during the forecast period. Conversely, the European Union is anticipated to experience an increase in the production and export of metals in 2023, attributed to the weakening Euro. Metering pumps play a crucial role in metal processing applications, including coolant displacement, parts washing, cutting and stamping, grinding, and vibratory finishing
Dosatron, for instance, offers water-powered metering pumps tailored for the metal processing sector, providing accurate operation without the need for a power supply and aiding manufacturers in reducing operating costs. The Metal Processing segment within the Metering Pumps market was valued at $86.52 million in 2022 and is projected to reach $110.26 million by 2030, showcasing a Compound Annual Growth Rate (CAGR) of 4.1% over the forecast period
● Rising demand for Metering Pumps from the Oil & Gas, and Chemical sector
The Metering Pumps Market is experiencing a surge in demand, particularly from the Oil & Gas and Chemical sectors, driven by diverse applications in these industries. In the oil and gas sector, metering pumps play a crucial role by injecting methanol and corrosion inhibitors upstream, dosing corrosion inhibitors in the midstream for the integrity of produced oil and gas, and injecting chemicals downstream for separation and treatment processes. The rising demand for metering pumps, especially heavy-duty ones, can be attributed to the significant growth in offshore oil platforms, attracting billions in investments globally. A McKinsey study in May 2022 projected a substantial increase in global offshore investment by 2030, with offshore accounting for approximately 30% of total production. Key players are capitalizing on this demand by introducing new products tailored to the sector, such as ProMinent Group's ORLITA Evolution hydraulic diaphragm metering pumps with ATEX certification for use in explosion-prone areas. Global chemical production potentially grew by almost 5% in 2021, according to BASF, and a Deloitte report in August 2022 anticipates a 3% growth in US chemical production and an 8% growth in exports in 2022.
● Frequent Tube changes, valve preservation & requirements of large Piping lead to additional expenditure.
The Metering Pumps Market confronts various challenges and complications linked to different pump types, exerting an impact on their operational efficiency and overall cost-effectiveness. Reciprocating metering pumps, in contrast to the stable flow characteristics of centrifugal pumps, present a pulsating flow that necessitates larger piping capable of handling a peak instantaneous flow three times greater than the rated pump capacity. While Peristaltic Metering Pumps circumvent certain issues, they introduce challenges such as unintended changes in feed rates due to the frequent wear and tear of flexible elements. The regular replacement of components every 1,000 to 1,500 operating hours imposes additional maintenance costs, potentially posing financial constraints for small and medium-sized enterprises (SMEs). These complexities are anticipated to act as impediments to the potential growth of the Metering Pumps market. Addressing these challenges becomes crucial for the sustained progress of pump technologies, emphasizing the need for innovation and solutions that enhance reliability and cost-effectiveness in pump operations.
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Key Opportunity Analysis:
Growing Initiatives for Improving Semiconductor Manufacturing Capabilities
Their capability to provide repetitive accuracy and precise volumetric flow rates makes them crucial for dosing applications within semiconductor manufacturing processes. According to a report by SEMI in October 2022, global semiconductor manufacturers are ramping up their 300mm semiconductor fabrication plant (Fab) capacity at an annual rate of approximately 10% between 2023 and 2030. Metering pumps, known for their high standards of precision, play a vital role in semiconductor manufacturing plants for processes such as reclaiming and treating wastewater, precise gas and fluid transfer, and displacement of slurries to hydrocyclone separators.
Advances in Metering Pumps
Advances in metering pumps have significantly transformed their functionality and user-friendliness, providing a key opportunity for market growth. Originally designed to dispense a repeatable amount of fluid over time, metering pumps, including diaphragm and electronic solenoid types, have undergone technological upgrades to enhance their convenience. The introduction of new technologies within this segment is anticipated to facilitate market penetration. Notably, various types of metering pumps are experiencing increased control capability, akin to solenoid metering pumps. Brushless DC-voltage motors are now utilized instead of large, bulky, and expensive AC-voltage induction motors to drive diaphragms or plungers. Pulsafeeder's launch of the PULSAtron product line of electronic metering pumps with a 4-20mA DC motor in January 2022 exemplifies these innovations. These advancements in metering pumps are expected to drive market growth by ensuring efficiency, precision, and versatility in various applications.
The expanding industrial operations and the growing demand for digital pumping
The expanding industrial operations and the growing demand for digital pumping solutions are indicative of a transformative shift in the industrial landscape. As industries worldwide undergo rapid expansion, there is an increasing need for efficient and technologically advanced pumping solutions to meet the rising demands of various processes. The integration of digital pumping solutions is a key aspect of this evolution, representing a move towards more sophisticated and automated systems.
The demand for digital pumping solutions is driven by the desire for greater accuracy, reliability, and sustainability in industrial processes. Industries are increasingly adopting smart and connected pumping systems to streamline operations, minimize downtime, and reduce energy consumption. The data-driven insights provided by digital solutions empower industrial operators to make informed decisions, predict maintenance needs, and optimize overall performance.
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The Report also Covers the Following Areas:
● Metering Pumps Market Size and Forecast
● Metering Pumps Market Trends
● Metering Pumps Market Analysis by Deployment Type
Metering Pumps Market 2023-2030: Key Highlights
● CAGR of the market during the forecast period 2023-2030
● Value Chain analysis of key stake holders
● Detailed analysis of market drivers and opportunities during the forecast period
● Metering Pumps Market size estimation and forecast
● Analysis and predictions on end users’ behavior and upcoming trends
● Competitive landscape and Vendor market analysis including offerings, developments, and financials
● Comprehensive analysis of challenges and constraints in the Metering Pumps Market
Covid and Ukrainian Crisis Impact:
● The COVID-19 pandemic has significantly impacted the Metering Pumps Market, causing both challenges and opportunities for the industry. The stringent lockdown measures implemented globally disrupted supply chains, leading to material shortages and delays in manufacturing processes. This, coupled with reduced industrial activities and project postponements, resulted in a temporary decline in demand for metering pumps across various end-user industries, including water treatment, chemical processing, and oil and gas.
● The ongoing crisis in Ukraine has introduced uncertainties and disruptions that are reverberating across various industries, including the Metering Pumps Market. The geopolitical tensions and sanctions imposed as a result of the crisis have created challenges in the global supply chain, leading to potential disruptions in the procurement of raw materials and components essential for metering pump manufacturing. Increased geopolitical risks may also affect market sentiment, leading to delayed investments and project implementations, particularly in regions directly impacted by the crisis
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List of Key Market Players in Metering Pumps Market:
The key companies profiled in the Metering Pumps Market Report are listed below:
● ProMinent Group
● Watson-Marlow Fluid Technology Solutions
● Iwaki Co Ltd
● Ingersoll Rand
● EMec S.R.L
● Blue White Industries
● Seko SPA
● SERA GmbH
● LEWA GmbH
● Pulsafeeder(IDEX)
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Hydraulic Pump Market - Owing to this, North America contributed a regional share of 27.84% in 2018. Apart from oil fields, hydraulic pumps are widely used in construction, chemical, and automotive industry. As per the International Organization of Motor Vehicle Manufacturers (OICA), globally 95,634,593 motor vehicle units were manufactured in 2018 which simultaneously provide a gauge sheet for the global hydraulic pump market. The global hydraulic pump market generated revenue worth $7.4 billion for the FY 2018, which is evaluated to increase at a notable CAGR of 4.70% through to 2025.
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