Metering Pump Market size Status, Competition Strategy, Forecast Period 2030

Metering Pump Market size Overview:

The Global Metering Pump Market size is estimated to be worth USD 6.8 Billion by 2030, registering a 6.5% CAGR during the forecast period (2022- 2030).

Metering pumps are also called dosing pumps or chemical injection pumps. Metering pumps are designed to move fluids at highly accurate fluids over a correct amount period. Metering pumps are applied for high levels of accuracy in pumping a wide variety of liquids in a host of end-use industries. Additionally, metering pumps are environment-friendly wastewater disposable. Metering pumps are extensively used in industries like waste and wastewater treatment in food and beverages, pulp and paper, petrochemicals, and the oil and gas industry.

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Due to growing demands for devices that are environment-friendly wastewater disposable and similarly there is an investment in the modernization of infrastructure which is expected to drive the global metering pump market. Power consumption has become a primary cost factor for metering pumps. With a longer functioning time in some applications, energy-efficient pumps are getting deployed to reduce energy wastage, without compromising accuracy. The high energy efficiency of these systems adds to energy savings, and hence, reduces the expenditure burden. Cost advantages, coupled with advanced energy efficiency, enhanced overall productivity, and low maintenance needs, have steered an upsurge in the popularity of such models in the metering pump market. The strict government regulations for water treatment across the world are key drivers for the metering pump industry. These pumps are applied in water treatment plants to feed chemical additives to the wastewater, to eliminate pollutants, slurry, and harmful microorganisms, thereby improving the water quality. The oil gas industry is playing a significant role in the growth of the global metering pump industry. This can be attributed to the culturing usage of metering pumps in the dosing of corrosion inhibitors in midstream processes and the extraction of oil natural gas.

Regional Analysis:

The global Metering Pump Market size is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East Africa.

The APAC region held the highest share in the metering pump industry during the period. China and India held a substantial share in the regional metering pump market, owing to the boosting population and industrial expansion, which are thrusting the demand for freshwater. Also, there is soaring growth of end-use applications with huge domestic and foreign investment driving the growth in China. The Asia Pacific dominates the market with massive investments from manufacturers for their capacity expansion as well.

The surge in the production of crude oil in the U.S., Saudi Arabia, Russia, Iraq, and other nations is leading to an augmentation in the demand for metering pumps in the industry. Hence, the promoting production of crude oil has boosted the demand for these pumps and is pushing the overall metering pump market.

Market Segmentation

The global Metering Pump Market size is segmented into the following types;

By Type