February 12, 2025 04:09 ET | Source: Research and Markets Research and Markets
Dublin, Feb. 12, 2025 (GLOBE NEWSWIRE) -- The "Metering Pumps Market Opportunities and Strategies to 2033" report has been added to ResearchAndMarkets.com's offering. This report describes and explains the metering pumps market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region. The global metering pumps market reached a value of nearly $6.0 billion in 2023, having grown at a compound annual growth rate (CAGR) of 2.82% since 2018. The market is expected to grow from $6.0 billion in 2023 to $7.99 billion in 2028 at a rate of 5.90%. The market is then expected to grow at a CAGR of 5.53% from 2028 and reach $10.46 billion in 2033. Growth in the historic period resulted from the growth in the chemical industry, growth in the pharmaceuticals industry, favorable government initiatives and expansion of oil and gas and petrochemical industries. Factors that negatively affected growth in the historic period include economic uncertainties or downturns and high initial investment and maintenance costs. Going forward, the increasing demand for water treatment and clean water, increasing industrialization, rising urbanization, rising infrastructure development and rising demand from the food and beverage industry will drive the market. Factors that could hinder the growth of the metering pumps market in the future include stringent regulations and compliance requirements and supply chain disruptions. downhole rod pump
Market-trend-based strategies for the metering pumps market include revolutionizing chemical metering with advanced high-flow pumps, focus on innovation with polymer metering pumps to drive revenue growth, introduction of tube pumps with leak-proof dosing solutions, developing cutting-edge nano twin screw pumps for sensitive and viscous fluids and developing cutting-edge nano twin screw pumps for sensitive and viscous fluids. Player-adopted strategies in the metering pumps market include focus on launching new brands to enhance offerings for life science applications, strategic acquisitions to expand business expertise and developing and launching new products to expand business expertise. To take advantage of the opportunities, the analyst recommends the metering pumps companies to focus on advanced high-flow metering pumps, focus on polymer metering pumps, focus on leak-proof tube pumps, focus on nano twin screw pumps, focus on explosion-proof metering pumps, focus on diaphragm metering pumps, expand in emerging markets, continue to focus on developed markets, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, continue to use B2C promotions, focus on indirect sales channel, focus on water treatment segment and focus on urban population. The metering pumps market is segmented by type into diaphragm, piston/plunger and other types. The diaphragm market was the largest segment of the metering pumps market segmented by type, accounting for 62.39% or $3.74 billion of the total in 2023. Going forward, the diaphragm segment is expected to be the fastest growing segment in the metering pumps market segmented by type, at a CAGR of 6.33% during 2023-2028. The metering pumps market is segmented by sales channel into direct and indirect. The direct market was the largest segment of the metering pumps market segmented by sales channel, accounting for 53.51% or $3.21 billion of the total in 2023. Going forward, the indirect segment is expected to be the fastest growing segment in the metering pumps market segmented by sales channel, at a CAGR of 6.27% during 2023-2028. The metering pumps market is segmented by end-use industry into water treatment, petrochemicals and oil and gas, chemical processing, pharmaceuticals, food and beverage, pulp and paper and other end-use industries. The water treatment market was the largest segment of the metering pumps market segmented by end-use industry, accounting for 24.59% or $1.47 billion of the total in 2023. Going forward, the water treatment segment is expected to be the fastest growing segment in the metering pumps market segmented by end-use industry, at a CAGR of 7.29% during 2023-2028. Asia-Pacific was the largest region in the metering pumps market, accounting for 38.99% or $2.33 billion of the total in 2023. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the metering pumps market will be Asia-Pacific and Africa, where growth will be at CAGRs of 7.21% and 6.75% respectively. These will be followed by the Middle East and Western Europe, where the markets are expected to grow at CAGRs of 6.34% and 5.93% respectively. The global metering pumps market is highly concentrated, with large players operating in the market. The top ten competitors in the market made up to 54.78% of the total market in 2023. Grundfos Holding A/S was the largest competitor with a 10.88% share of the market, followed by SEKO S.P.A. with 10.09%, Dover Corporation with 8.78%, IDEX Corporation with 5.71%, Nikkiso Co., Ltd. with 5.22%, National Oilwell Varco (NOV) with 5.06%, Ingersoll Rand Inc. with 4.14%, GRACO, INC. with 3.19%, Iwaki Company Ltd. with 0.86% and Spirax Group plc. with 0.85%.
Key Topics Covered: 1. Executive Summary 1.1 Metering Pumps - Market Attractiveness and Macro Economic Landscape 2. Table of Contents 3. List of Tables 4. List of Figures 5. Report Structure 6. Market Characteristics 6.1 General Market Definition 6.2 Summary 6.3 Metering Pumps Market Definition and Segmentations 6.4 Market Segmentation by Type 6.4.1 Diaphragm 6.4.2 Piston/Plunger 6.4.3 Other Types 6.5 Market Segmentation by Sales Channel 6.5.1 Direct 6.5.2 Indirect 6.6 Market Segmentation by End-Use Industry 6.6.1 Water Treatment 6.6.2 Petrochemicals and Oil and Gas 6.6.3 Chemical Processing 6.6.4 Pharmaceuticals 6.6.5 Food and Beverage 6.6.6 Pulp and Paper 6.6.7 Other End-Use Industries Companies Featured
For more information about this report visit https://www.researchandmarkets.com/r/rtzcxh
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