Metering Pumps Market by Type (Diaphragm pump, Pistons/Plungers), End-Use Industry (Water Treatment, Petrochemicals and Oil & Gas, Chemical Processing, Pharmaceuticals), Pump drive (Motor, Solenoid, Pneumatic) and Region - Global Forecast to 2028
Metering Pumps Market Overview
The metering pumps market size is estimated to be USD 6.9 billion in 2023 and is projected to reach USD 8.5 Billion by 2028, at a CAGR of 4.3%. A metering pump is a chemical injection positive displacement device that can vary capacity manually or automatically as per the requirement. The characteristics of metering pumps, such as accuracy and uninterrupted operations without frequent monitoring, are driving the demand for metering pumps across industries, especially in water treatment, and chemical processing industries.
Attractive Opportunities in the Metering Pumps Market
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Metering pumps Market Dynamics
Driver: Increasing Stringency in Wastewater Treatment Regulations
The escalating global water consumption, characterized by a 1% annual rise and exacerbated by approximately 2.2 billion people lacking access to clean drinking water, has spurred concerns over wastewater management. Alarming statistics indicate that a substantial 80% of wastewater is discharged untreated into the environment. Of particular significance is the manufacturing sector's substantial water usage, currently accounting for 19% of the world's freshwater consumption, with a projected increase to 24% by 2050. This surge in water demand has prompted countries to establish stringent regulations aimed at curtailing water pollution. Moreover, the United Nations' report highlighting the uneven distribution of freshwater resources, with certain regions possessing an abundance while others face scarcity, has added urgency to these regulatory efforts. In response to these challenges, the metering pumps market is being propelled by a growing need for precise chemical dosing in wastewater treatment facilities to meet increasingly stringent environmental standards and ensure efficient water purification processes.
Restraint: Raw Material Price Volatility
The metering pumps market faces a significant restraint due to the unpredictable fluctuations in the prices of key raw materials. The cost of metering pumps is predominantly influenced by factors such as their operating range and the materials of construction (MoC). Essential components of metering pumps encompass a variety of materials, including metals, polymers, and alloys. Consequently, the market is susceptible to erratic pricing patterns of these essential materials. These unpredictable price shifts present manufacturers with difficulties in securing consistent supplies of high-quality raw materials and adhering to the rigid delivery schedules imposed by suppliers. Such fluctuations often result in additional expenses for metering pump manufacturers. These uncertainties in material costs pose challenges in meeting buyer commitments and can lead to substantial financial losses for manufacturers, thereby impeding the growth of the metering pumps market.
Opportunities: Expanding Industrial Operations and Growing Demand for Digital Pumping Solutions
The metering pumps market benefits from expanding industrial activities and the increasing preference for digital pumping solutions. Recent years have seen rapid industrialization, prompting companies to focus on production capacity expansion and collaboration efforts. In particular, the Asia-Pacific region, with its growing population, improved living standards, and cost-effective labor, has become a hub for industrial growth. As new production facilities emerge, the demand for metering pumps is expected to rise. Customers are increasingly interested in pumping systems equipped with digital solutions, offering diagnostic capabilities, variable speed drives, and advanced flow control monitoring. These digital technologies enhance accuracy, process control, and cost-effectiveness, presenting significant growth opportunities for the metering pump market.
Challenge: Rising Demand for Customization
One of the challenges in the metering pump market is the growing need for customization. As industries evolve and demand more specialized solutions, manufacturers are under pressure to tailor their metering pumps to meet unique requirements. This trend towards customization can be demanding in terms of engineering, production, and resources. It often leads to increased complexities in design, manufacturing, and supply chain management. Meeting these customization needs while maintaining cost-effectiveness and reliability poses a significant challenge for market players. Balancing standard product offerings with bespoke solutions becomes crucial in addressing this challenge and ensuring sustained market growth.
ECOSYSTEM
By Type Diaphragm Pumps dominated the market
The metering pump market is marked by the preeminence of diaphragm pumps, which secured the largest market share in 2022. Diaphragm pumps are favored for their operational efficiency, safety, and precision. This segment's growth during the forecast period will be driven significantly by increasing demand from the water treatment, pharmaceutical and medical industries. These pumps play a critical role in precisely dosing various chemicals, making them invaluable in pharmaceutical manufacturing and research.
By end-use industry, the water treatment segment led the market in 2022.
When considering end-use industries, the water treatment segment emerged as the dominant force in 2022. Water treatment operations rely extensively on metering pumps, making this segment the market leader. The escalating demand for freshwater across industries, driven by various industrial processes and everyday necessities, significantly bolstered the need for metering pumps in the water treatment industry. This sector's essential role in ensuring clean and safe water supplies contributed to its commanding market share.
By pump drive, the motor-driven segment accounted for the largest share in 2022.
Within the pump drive segmentation, motor-driven metering pumps stood out as the frontrunner in 2022. These pumps, designed for low-pressure applications, offer adjustable stroke rates and lengths to meet specific operational requirements. The demand for motor-driven pumps was primarily steered by the chemical and wastewater treatment industries. Their versatility and adaptability make them indispensable components for precision chemical dosing, crucial for these sectors' efficient operations.
APAC led the market in 2022:
In 2022, Asia Pacific (APAC) emerged as the dominant region in the metering pump market, boasting the highest market share. Several key factors contributed to APAC's market leadership. The region witnessed a surge in demand, driven by the expansion of oil & gas refineries, a continuous increase in chemical production, and substantial investments in desalination plants. Furthermore, the pharmaceutical and food & beverage industries in APAC are experiencing robust growth, with significant investments fueling their development. Urbanization and population growth have also led to an escalating demand for clean water, further propelling the metering pump market's growth in the region.
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Key Market Players
The Metering pumps market comprises key manufacturers such as IDEX Corporation (US), Ingersoll Rand (US), Dover Corporation (US), ProMinent (Germany), Grundfos HoldingA/S (Denmark), SEKO S.P.A. (Italy), and others. Expansions, mergers & acquisitions, new product launches and deals were some of the major strategies adopted by these key players to enhance their positions in the metering pumps market. A major focus was given to the expansions and deals.
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Report Metric |
Details |
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Market size available for years |
2021–2028 |
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Base year considered |
2022 |
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Forecast period |
2023–2028 |
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Forecast units |
Value (USD Billion) and Volume (Units) |
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Segments covered |
Type, End-Use industry, Pump Drive, and Region |
|
Geographies covered |
North America, Asia Pacific, Europe, South America, and Middle East & Africa. |
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Companies covered |
IDEX Corporation (US), Ingersoll Rand (US), Dover Corporation (US), ProMinent (Germany), SEKO S.P.A (Italy), Grundfos Holding A/S (Denmark) are the top manufacturers covered in the metering pumps market. |
This research report categorizes the metering pumps market based on type, end-use industry, pump drive, and region.
Metering pumps Market, By Type
- Diaphragm Pumps
- Piston/Plunger Pumps
- Other Types
Metering pumps Market, By End Use Industry
- Water Treatment
- Petrochemicals, & Oil & Gas
- Chemical Processing
- Pharmaceuticals
- Food & Beverages
- Pulp & Paper
- Automotive
- Textile
- Other End-use Industries
Metering pumps Market, By Pump Drive
- Motor-driven
- Pneumatic-driven
- Solenoid-driven
- Other Pump drives
Metering pumps Market, By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Recent Developments
- In September 2022, Idex Corp oration acquired Muon BV and its subsidiaries (Muon Group).
- In March 2022, Idex Corporation acquired KZValve which specializes in manufacturing electric valves and controllers for several end markets.
- In January 2021, Idex Corporation acquired Abel Pumps, L.P., and its affiliates (ABEL) in a USD 103.5 million deal.
- In March 2022, Graco expanded its business in the hose pump line. The Solo Tech-range included models for hygienic applications and additional sizes for industrial installations.
- In August 2022, Graco Inc. announced the purchase of approximately twenty acres of land adjacent to the company's existing Anoka facility for future expansion of business.
- In August 2022, Grundfos launched an expansion of range extra-large CR pumps, taking current energy efficiency and performance standards for vertical multi-stage in-line pumps to the next level.
Frequently Asked Questions (FAQ):
What are the major drivers driving the growth of the metering pump market?
The major drivers influencing the growth of the metering pump market are increasing capacity additions and stringent regulations regarding wastewater treatment. Increasing pharmaceutical production is also major driver.
What are the major challenges in the metering pump market?
The major challenge in the metering pump market is the growing demand for customization of products and very less scope for product differentiation.
What are the restraining factors in the metering pump market?
The major restraining factors faced by the metering pump market are rising oil prices, economic slowdown, raw material price fluctuations, and the impact of covid-19.
What is the key opportunity in the metering pump market?
The increasing capacity expansions, joint ventures, and growing preference for digital solutions in pumping are major opportunities that can be explored further.
What are the different types of metering pumps considered in the metering pumps market?
The metering pumps are of different types like – Diaphragm pumps, pistons/plungers and others. .
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The study involved four major activities for estimating the current size of the global metering pumps market. Exhaustive secondary research was carried out to collect information on the market, the peer product market, and the parent product group market. The next step was to validate these findings, assumptions, and sizes with the industry experts across the value chain of metering pumps through primary research. Both the top-down and bottom-up approaches were employed to estimate the overall size of the metering pumps market. After that, market breakdown and data triangulation procedures were used to determine the size of different segments and sub-segments of the market.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Factiva, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, to identify and collect information for this study on the metering pumps market. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; regulatory bodies, trade directories, and databases.
Primary Research
The metering pumps market comprises several stakeholders in the supply chain, which include suppliers, processors, and end-product manufacturers. Various primary sources from the supply and demand sides of the markets have been interviewed to obtain qualitative and quantitative information. The primary participants from the demand side include key opinion leaders, executives, vice presidents, and CEOs of companies in the metering pumps market. Primary sources from the supply side include associations and institutions involved in the metering pumps industry, key opinion leaders, and processing players.
Following is the breakdown of primary respondents
Notes: Other designations include product, sales, and marketing managers.
Tiers of the companies are classified based on their annual revenues as of 2022, Tier 1 = >USD 5 Billion, Tier 2 = USD 1 Billion to USD 5 Billion, and Tier 3= <USD 1 Billion.
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Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the global metering pumps market. These approaches were also used extensively to estimate the size of various segments of the market. The research methodology used to estimate the market size included the following details:
- The key players in the industry were identified through extensive secondary research.
- The supply chain of the industry and market size, in terms of value, were determined through primary and secondary research.
- All percentage share splits and breakdowns were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research includes the study of reports, reviews, and newsletters of key industry players, along with extensive interviews with key officials, such as directors and marketing executives.
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Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and sub-segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments of the metering pumps market. The data was triangulated by studying various factors and trends from both the demand- and supply-side.
In addition, the market size was validated by using both the top-down and bottom-up approaches. Then, it was verified through primary interviews. Hence, for every data segment, there are three sources—top-down approach, bottom-up approach, and expert interviews. The data were assumed to be correct when the values arrived at from the three sources matched.
Market Definition
Metering pumps, in the context of industrial equipment and fluid handling systems, are specialized devices designed for precise and controlled delivery of fluids at predetermined flow rates and volumes. These pumps are primarily used for accurate chemical injection or dosing of liquids into various processes, often in industries such as water treatment, chemical manufacturing, pharmaceuticals, petrochemicals, food and beverage, and pulp and paper production. Metering pumps play a crucial role in ensuring the consistent and reliable addition of chemicals, additives, or reagents into fluid streams, maintaining optimal process conditions, and complying with strict quality and environmental standards.
Key Stakeholders
- Raw material suppliers
- Metering pumps manufacturers
- Government & regulatory bodies
- Research organizations
- Associations and industry bodies
- End users
- Traders and distributors
Report Objectives
- To define, analyze, and project the size of the metering pumps market in terms of value and volume based on type, end-use industry and region.
- To project the size of the market and its segments with respect to the five main regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America
- To provide detailed information about the key factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
- To analyze the opportunities in the market for stakeholders and provide a detailed competitive landscape of the market leaders.
- To analyze the competitive developments, such as new product launches, expansions, and acquisitions, in the metering pumps market
- To strategically profile the key players operating in the market and comprehensively analyze their market shares and core competencies.
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for the report:
Product Analysis:
- Product Matrix which gives a detailed comparison of the product portfolio of each company
Regional Analysis:
- Further breakdown of the Rest of APAC market
- Further breakdown of Rest of Europe market
Company Information:
- Detailed analysis and profiling of additional market players (up to 5)
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