Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6.85 Billion | USD 10.10 Billion | 4.40% | 2023 |
The global metering pumps market size was worth around USD 6.85 Billion in 2023 and is predicted to grow to around USD 10.10 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.40% between 2024 and 2032.
The report analyzes the global metering pumps market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the metering pumps industry. The report on the metering pumps market provides a comprehensive glance at the global and regional levels. The study provides historical data from 2018 to 2032 along with a forecast from 2019 to 2025 based on revenue (USD Billion) and volume (K Units).
The global metering pumps market study also comprises a detailed value chain analysis for providing a comprehensive market view. Moreover, the study also includes Porter’s Five Forces model of the metering pumps market to understand its competitive landscape. The study includes a market attractiveness analysis of all the segments related to the market.
Meter pumps are capable of moving a particular amount of fluid over a period of time, in addition to providing flow rates that are both adjustable and exact. As a result of the growing need for environmentally friendly wastewater removal from emerging economies all over the world, the global market for metering pumps is projected to enjoy significant expansion in the years to come. Furthermore, it is anticipated that the global market for metering pumps would be further fueled by the increasing investments for the modernization of infrastructures.
A number of end-use sectors, including water treatment, chemical processing, oil and gas, pharmaceuticals, pulp and paper, and food and beverage, are likely to increase their utilization of metering pumps, which is another factor that is anticipated to contribute to the growth of the global market for metering pumps throughout the period of time that under consideration.
It is projected that the introduction of digital technologies that will lower the total cost of ownership, along with rising investments in infrastructure and stringent restrictions from the government, will have a favorable impact on the market for metering pumps all over the world. On the other hand, the fluctuating pricing of raw materials can be a barrier to the expansion of this sector. The manufacturing players are putting their attention toward the development of innovative products, which, in turn, is projected to open up prospects for growth in the market for metering pumps in the years to come.
The study provides a significant view of the global metering pump market by classifying it into type, end-user industry, and region. These segments have been estimated and forecasted with respect to future and past trends. Based on the type, the global metering pump market is divided into the diaphragm, piston/plunger, and others. By end-user industry, the global metering pumps market is segmented into water treatment, petrochemicals, oil and gas, chemical processing, pharmaceuticals, food and beverages, pulp and paper, and others. The regional segment includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Report Attributes | Report Details |
---|---|
Report Name | Metering Pumps Market Research Report |
Market Size in 2023 | USD 6.85 Billion |
Market Forecast in 2032 | USD 10.10 Billion |
Growth Rate | CAGR of 4.40% |
Number of Pages | 255 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | ProMinent, Milton Roy, LEWA, IDEX Corporation, SEKO, Grundfos, Dover Corporation, Verder Group, and Watson-Marlow Fluid Technology Group, among others. |
Segments Covered | By Type, By End-Use Industry, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
In terms of geography, Asia Pacific was the region that led the global market for metering pumps in 2024. It is primarily possible to trace this increase to the enormous product demand that is being generated by the water treatment industry in the region. Furthermore, it is projected that Asia Pacific will be the market for metering pumps that will develop at the highest rate in the years to come. This is due to the increased demand for metering pumps, particularly from the chemical processing, food and beverage, and oil and gas industries. During the period of time that is estimated, the rise of the chemical processing and food industries will be the primary drivers of the market for metering pumps in North America.
Some key players in the global metering pumps market are
This report segments the global metering pumps market into:
FrequentlyAsked Questions
Metering pumps are used to regulate the flow rate of flowing liquids. Metering pumps can transfer both thin and thick fluids and also move corrosive fluids subject to their construct. The capability to regulate the flow rate makes them beneficial for moving expensive or hazardous liquids across great distances.
The rising demand for drinkable water across the world is one of the most vital factors fueling the global metering pump market.
According to the report, the global metering pump market size was worth around USD 6.85 Billion in 2023 and is predicted to grow to around USD 10.10 Billion by 2032.
The global metering pump market is expected to grow at a CAGR of 4.40% during the forecast period.
Asia Pacific dominated the global metering pumps market in 2024. This growth can be mainly attributed to the huge product demand by the region’s water treatment industry.
Some key players of the global metering pumps market are ProMinent, Milton Roy, LEWA, IDEX Corporation, SEKO, Grundfos, Dover Corporation, Verder Group, and Watson-Marlow Fluid Technology Group, among others.
The global metering 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, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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