DUBLIN--(BUSINESS WIRE)--The "Metering Pump Market Research Report: By Type, End-User, Regional Insight - Global Industry Size, Share Analysis and Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
Attaining the CAGR of 6%, the global metering pump market is expected to reach $5.6 billion by 2024.
The market growth would primarily be driven by the stringent government regulations for water treatment and rising demand from the oil & gas and chemical industries. For pumping various corrosive chemicals at precise volumes, metering pumps are heavily employed in the chemical industry.
Based on region, the largest share in the metering pump market was held by the Asia-Pacific (APAC) region. In 2018, in APAC, the major market share was accumulated by China due to high domestic consumption and increasing exports to international markets. This was because of the availability of low-cost labor and raw material in the country. The major users of these pumps in the nation are the chemical, food & beverage, and oil & gas industries.
The categories of the metering pump market, based on type, are piston, diaphragm, and others (syringe and peristaltic pumps). The largest contribution to the market was made by diaphragm pumps due to their versatile applicability in all industries, suitability to handle corrosive, abrasive, and flammable liquids, and ability to pump highly viscous liquids.
The classifications of the metering pump market are chemical processing, water treatment, food & beverage, petrochemicals, oil & gas, pharmaceuticals, pulp & paper, and others, based on end-user. The others' classification is further subdivided into the construction, agriculture, mining, and textile industries. The largest revenue share was held by the water treatment classification in 2018 due to the stringent government regulations regarding safe drinking water in countries such as India, Germany, the U.S., and China.
Further, the demand for metering pumps is also increasing in the food & beverage industry. To adhere to the guidelines issued by the Food Safety Modernization Act and meet the increasing demand for food and beverage products in North America, various manufacturing units are undergoing expansion or renovation. The registration of 640 renovation and expansion projects was done in 2017, of which 63 were for breweries.
The major factor driving the metering pump market is the rising demand for these equipment from the oil & gas industry. The increasing crude oil production in many countries, such as Saudi Arabia, the U.S., Iraq, and Russia, is instrumental in driving the demand for these pumps. The U.S. Energy Information Administration mentioned that about 59% of the total crude oil in the U.S. in 2018 was produced from shale oil resources; the daily production equaled 6.4 million barrels.
Spirax-Sarco Engineering PLC, Grundfos Pump Corporation, Verder International B.V., Dover Corporation, ProMinent GmbH, Blue-White Industries Ltd., Accudyne Industries LLC, SEKO S.p.A., IDEX Corporation, and Lewa GmbH are the some of the key players in the metering pump market.
Key Topics Covered
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Type
1.3.2 Market Segmentation by End-user
1.3.3 Market Segmentation by Geography
1.3.4 Analysis Period
1.3.5 Market Data Reporting Unit
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
22.214.171.124 By region
126.96.36.199 By industry participant
188.8.131.52 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
4.1.2 By End User
184.108.40.206 Water Treatment
220.127.116.11 Oil & Gas
18.104.22.168 Chemical Processing
22.214.171.124 Food & Beverage
126.96.36.199 Pulp and Paper
4.2 Value Chain Analysis
4.3 Market Dynamics
188.8.131.52 Increasing demand for energy efficient metering pumps
184.108.40.206 Strict government regulation regarding water treatment
220.127.116.11 Increasing demand from oil & gas industry
18.104.22.168 Increasing demand from chemical industry
22.214.171.124 Impact analysis of drivers on market forecast
126.96.36.199 Maturity of the market in North America and Europe
188.8.131.52 Impact analysis of restraints on market forecast
184.108.40.206 Coal bed methane (CBM) reserves
4.4 Porter's Five Forces Analysis
Chapter 5. Global Market Size and Forecast
5.1 By Type
5.1.1 Diaphragm Metering Pump, by Type
5.2 By End User
5.2.1 Oil & Gas Metering Pump, by Application
5.3 By Region
Chapter 6. APAC Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. North America Market Size and Forecast
Chapter 9. MEA Market Size and Forecast
Chapter 10. LATAM Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 Market Share Analysis of Key Players
11.2 Competitive Benchmarking of Market Players
11.3 List of Key Players and Their Offerings
11.4 Recent Activities of Major Players
11.5 Strategic Developments of Key Players
11.5.1 Mergers and Acquisitions
11.5.2 Product Launches
11.5.4 Client Wins
Chapter 12. Company Profiles
12.1 Spirax-Sarco Engineering PLC
12.1.1 Business Overview
12.1.2 Product & Service offerings
12.1.3 Key Financial Summary
12.2 Dover Corporation
12.3 Verder International B.V.
12.4 SEKO S.p.A.
12.5 Grundfos Pumps Corporation
12.6 LEWA GmbH
12.7 IDEX Corporation
12.8 ProMinent GmbH
12.9 Accudyne Industries LLC
12.10 Blue-White Industries Ltd.
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