Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 255 Million | USD 454 Million | 7.5% | 2022 |
The global digital dosing pump market size was worth around USD 255 million in 2022 and is predicted to grow to around USD 454 million by 2030 with a compound annual growth rate (CAGR) of roughly 7.5% between 2023 and 2030.
Dosing pumps are used to introduce various substances or liquids into streams of steam, water, or gas. The chemical tank, control system, foot valve, injector, and pump make up the dosing pumps. Dosing pumps are intended to inject or pump precise, modest flow rates of materials, chemicals, or any other desired product into processing units, containers, or fluid streams using a variety of techniques. As a result, the processing industries as a whole employ these systems. Small electric motors or air actuators are typically used to power these systems, and an external system or, more often, an internal pump controller that modifies flow rate is in charge of them. For this reason, dosing pumps are often referred to as metering pumps or dosing pumps.
Increasing adoption from the water and wastewater treatment industry drives market growth
The growing use of these pumps by water and wastewater treatment facilities is the primary factor behind the growth of the global market for digital dosing pumps. A further element anticipated to propel market expansion is the growing need for drinking water. The acute scarcity of drinking water has prompted governments across all areas to adopt strategies including water conservation, water treatment, and environmental preservation. The market for digital dosing pumps is being driven by a notable growth in the number of wastewater treatment plants and treatment facilities. Furthermore, these pumps are mostly utilized for the delivery of process chemicals for water coagulation, filtration, clarifying, disinfection, and coagulation, however, they have many other uses in their industry. The chemical dosing amounts that may be varied with these hydraulic dosing pumps are dependent on the process used in water treatment facilities to treat water and wastewater. During the projected period, these factors are anticipated to drive the digital dosing pump market.
Volatility in raw material price hampers market growth
Many large companies decide to enter into long-term contracts with suppliers to mitigate the impact of unstable raw material prices on production costs. This approach will impede the expansion of small and medium-sized businesses, which are most impacted by price swings, even though it makes sense for well-established corporations already present in the digital dosing pump industry. Digital dosing pumps are mostly made using copper and iron ore as basic materials. Furthermore, as the majority of the main suppliers of raw materials are concentrated in particular areas, fluctuations in trade and economic conditions in these areas may result in changes in the pricing of raw materials. Since the Americas produce 56% of the world's copper, for instance, any changes in the economy, trade, or regulations could result in sharp swings in the price of raw materials, which could negatively impact the industry's ability to produce digital metering pumps and impede its growth over the forecast period.
Increasing innovation in the digital dosing pump industry offers a potential opportunity for market growth
The increasing innovation in the dosing pump industry is expected to offer a potential opportunity for digital dosing pump market growth during the forecast period. For instance, in May 2022, Chemical dosing pump manufacturer SEKO announced the release of KommBox, a gadget that attaches physically to compatible SEKO products to provide internet connectivity and provide operators with the ability to monitor and manage their process remotely. After KommBox is set up, customers may connect to devices like chemical dosing pump systems and controllers via the SekoWeb web portal around the clock on a PC or smartphone for previously unheard-of operational efficiency. With this on-demand remote access, operators can keep an eye on chemical usage and system performance in real-time. They can also examine previous data to have a comprehensive understanding of their expenses and make programming changes without having to physically visit the site.
Technical and compatibility complexity poses a major challenge to market growth
Digital dosing pumps' sophisticated features and programmability might be confusing to individuals unfamiliar with the technology. Technical assistance and training could be required. Compatibility with current systems and procedures might sometimes be a problem. It could be necessary to make extra expenditures in improvements or changes to integrate digital dosing pumps into older infrastructure. Thus, posing a major challenge for the market growth.
The global Digital Dosing Pump industry is segmented based on the type, application, and region.
Based on the type, the global market is bifurcated into diaphragm pumps, peristaltic pumps, piston pumps, and others. The diaphragm pumps segment is expected to hold a significant digital dosing pump market share over the forecast period. The primary explanation for this is that they can handle a wide range of fluids, from corrosive to non-corrosive and thin to thick. In addition, their reputation for longevity and low maintenance requirements makes them a popular option among end users. Furthermore, it is projected that product advancements and technology advancements—like the launch of digital metering pumps—will further fuel revenue growth in this market. Besides, the piston pumps are expected to grow at the fastest rate during the projected period. This is due to the growing need for high-precision metering pumps for applications like hydraulic fracturing and chemical injection. Because piston/plunger pumps can handle high pressures and viscous fluids, they are a popular choice in these applications. Furthermore, advancements in the materials used in pump manufacturing, such as the use of composites made of graphite and ceramic, are predicted to support the market's revenue development.
Based on the application, the global digital dosing pump industry is bifurcated into water & wastewater treatment, oil & gas, chemical processes, pharmaceuticals, food & beverages, paper & pulp, and others. The water & wastewater treatment segment is expected to dominate the market during the forecast period. This might be attributed to the rising need for clean water resulting from global population growth and industrialization. During the water treatment process, metering pumps are used to accurately control the amount of chemicals such as fluoride, chlorine, and alum. Furthermore, the growing need for water treatment facilities in emerging nations is expected to boost this market's revenue development.
Report Attributes | Report Details |
---|---|
Report Name | Digital Dosing Pump Market |
Market Size in 2022 | USD 255 Million |
Market Forecast in 2030 | USD 454 Million |
Growth Rate | CAGR of 7.5% |
Number of Pages | 234 |
Key Companies Covered | Dover Corporation, ProMinent GmbH, Grundfos Holding AS, Nikkiso Co. Ltd, Iwaki & Co. Ltd, IDEX Corporation, SPX Flow Inc., Milton Roy LLC, Verder Ltd, Noble Procetech Engineers, SEKO and Asha Technocrats, and others. |
Segments Covered | By Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Digital Dosing Pump Market: Regional Analysis
Asia Pacific is expected to capture a significant market share during the forecast period
The Asia Pacific is expected to capture a significant digital dosing pump market share during the forecast period. The robust expansion of the region may be attributed to the increased demand for digital dosing pumps in emerging nations like China and India, where the middle class is becoming increasingly affluent and industrialization is increasing. The need for a range of applications, such as chemical processing, water treatment, and pharmaceuticals, is being driven by this region's expanding industrial sector. Another factor driving demand in the area is the availability of inexpensive metering pumps.
China is a key center for the manufacture of electronics and is expected to be a major competitor in the global market due to the lower component and system costs offered by Chinese suppliers compared to those of internationally known brands. The emergence of middle-class homes in India has stimulated growth in several industries, such as business, retail, and hospitality, therefore driving up demand for metering pumps. The Indian government's emphasis on the infrastructure sector, particularly in the commercial and residential sectors, is expected to drive revenue development in this domain. It is also expected that the existence of major competitors offering a range of programs, such as EMI and seasonal discounts, would attract additional customers to this region and support market revenue development.
The global Digital Dosing Pump market is dominated by players like :
By Type
By Application
FrequentlyAsked Questions
Dosing pumps are used to introduce various substances or liquids into streams of steam, water, or gas. The chemical tank, control system, foot valve, injector, and pump make up the dosing pumps. Dosing pumps are intended to inject or pump precise, modest flow rates of materials, chemicals, or any other desired product into processing units, containers, or fluid streams using a variety of techniques.
Growing industrialization and a rise in the need for wastewater treatment applications are the two main reasons propelling the growth of the worldwide digital dosing pump market. Furthermore, the expansion of the market is also supported by the pharmaceutical and chemical processing industries' increased production rates.
According to the report, the global digital dosing pump market size was worth around USD 255 million in 2022 and is predicted to grow to around USD 454 million by 2030.
The global Digital Dosing Pump market is expected to grow at a CAGR of 7.5% during the forecast period.
The global Digital Dosing Pump market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the growing demand from the water and wastewater industry.
The global Digital Dosing Pump market is dominated by players like Dover Corporation, ProMinent GmbH, Grundfos Holding AS, Nikkiso Co. Ltd, Iwaki & Co. Ltd, IDEX Corporation, SPX Flow Inc., Milton Roy LLC, Verder Ltd, Noble Procetech Engineers, SEKO and Asha Technocrats among others.
The Digital Dosing Pump market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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