Market Leaders - Hydraulic Dosing Pump Market
The overall hydraulic dosing pump market is estimated to be valued at USD 771.8 million in 2018 and is projected to reach USD 949.3 million by 2023, at a CAGR of 4.23% during the forecast period. In 2018, the Asia Pacific is estimated to be the largest market for hydraulic dosing pumps, followed by Europe and North America. The growth of the hydraulic dosing pump market is driven by new refining capacity additions in the Asia Pacific and the Middle East, increasing investments in the water & wastewater treatment industry, and rising demand from the chemical sector. The implementation of smart digital dosing technologies and an increasing need for precise and leak-proof pumps in manufacturing industries for applications in food & beverage, pharmaceutical, and automotive sectors present a significant opportunity for the hydraulic dosing pump market.
The hydraulic dosing pump market comprises both global and regional players. Key players operating in the market include Dover Corporation (US), Grundfos (Denmark), SPX Flow (US), IDEX Corporation (US), and LEWA (Germany). Investments & expansions and new product launches are the major strategies adopted by the players in the hydraulic dosing pump market. Investments & expansions were the most commonly adopted strategy from 2015 to 2018 (July). Industry players also adopted the strategy of new product launches, which was the second-most widely followed strategy from 2015 to 2018 (July).
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Grundfos is one of the leading providers of advanced pump solutions. The company offers products such as circulator pumps, centrifugal pumps, submersible motors, and intelligent pump systems and associated accessories. The company caters to a varied range of applications such as residential and commercial buildings, HVAC OEMs, irrigation & agriculture, and water supply & sewage sectors. The company provides hydraulic dosing pumps mainly used in water & wastewater plants, boilers, petrochemical, and other industrial purposes. The company adopted investment & expansion as one of its key growth strategies to strengthen its presence in the market. In November 2017, Grundfos opened its 20th sales office in Zhengzhou (China) to expand its business presence in the country.
SPX Corporation manufactures and distributes industrial components and products, including pumps, valves, mixers, filters, air dryers, hydraulic tools, homogenizers, separators, and heat exchangers along with the related aftermarket parts and services. The company operates through 3 major business segments, namely, food & beverage, power & energy, and industrial. It owns several brands such as Bran+Luebbe, Johnson Pump, Plenty, Hydraulic Technologies, and ClydeUnion Pumps, through which it offers hydraulic dosing pumps, among other products to fulfill the needs of various end-users. The company adopted new product launches as its key growth strategy. In May 2017, SPX launched a new pump from the Bran+Luebbe Cerex P range to cater to the market demand from the oil & gas industry for a high-quality, lower-cost alternative to its traditional Bran+Luebbe pumps.
Related Reports:
Hydraulic Dosing Pump Market by Type (Diaphragm, Piston), End-user (Agriculture, Livestock, Industry (Water, Oil & Gas, Chemical, Power)), Discharge Pressure (Up to 25 Bar, 25-100, Above 100 Bar), and Region - Global Forecast to 2023
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