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The industrial diversification has an intensive impact on continuous development in varied industrial segments. Over the years many innovative technologies contributed to efficient utilization of available resources for betterment of society. The metering pump is such kind of device helping used in many industrial applications such as food & beverages, chemical, oil and gas, wastewater treatment, and numerous other processing industries to analyze, monitor, and adjust the flow of fluid.
The metering pump is specially designed to move fluid at highly precise rate over a specified time. It can handle wide range of chemicals, including acids, bases, corrosives, viscous liquid or slurries. Therefore, the metering pump market is witnessing a strong growth owing to extensive demand from processing industries and especially chemical plants.
The global metering pump market is segmented into type and end-user. Type is further bifurcated into diaphragm and piston/plunger, and other metering pumps. Diaphragm metering pump offers superior performance and ability to handle wide variety of fluids such as acids, viscous fluid, slurries, etc. In most of the application diaphragm metering pumps are used to monitor and adjust the flow of fluid.
Key Market Driver -
Key Market Driver – Expansion of industries, rising urbanization, and increasing demand for clean water
Key Market Restraint -
Key Market Restraint – Frequent maintenance and modification in design required according to fluid properties
The chemical processing industry is experiencing strong growth owing to extensive utilization of metering pumps for injection of acids, solvents, etc. Several industries are associated with chemicals, which increases the production of chemicals resulting in high consumption of water, which will increase the demand for metering pumps to treat the potable water.
Extensive industrial growth with expansion of manufacturing facilities to cater large volume of demand is driving the metering pump market. Simultaneously rising urbanization and every grossing demand for clean water are accelerating the growth of the metering pump. Enormous investment in the chemical industry adding sizeable amount of demand for metering pumps.
The metering pump requires frequent maintenance to avoid choking of fluid, which hampers the production and increases the maintenance cost. Also, design modification is essential to handle the varied fluid which would increase the manufacturing cost. These factors retard the growth of the metering pump market.
Some of the prominent companies manufacturing metering pumps are Milton Roy India, Wanner Engineering, Inc., ProMinent, IDEX India, SEKO, Grundfos, PSG, a Dover Company, Watson-Marlow Fluid Technology Group, Doseuro, SEEPEX GmbH, Mcfarland Pumps, and Flowrox.
The metering pump market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The metering pump market in North America is driven by a strong presence of refineries, petrochemical and processing industries, food and beverage plants, and so on. Stringent government regulation and hefty fines for polluting natural water bodies have attracted the use of metering pump for treating industrial wastewater.
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These factors support the growth of the metering pump in North America. European countries offer positive outlook for the growth of the metering pump owing to strict environmental policies for the protection of natural river bodies. Extensive development in paper and pulp industries, along with rising investment in water treatment facilities is expected to offer lucrative market. The Asia Pacific is termed as one of the fastest-growing regions in the world due to presence of China, India, Japan, etc. Expansion of manufacturing plants, rising population, urbanization, and ever grossing demand for clean water is leveraging the market of metering pumps.
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