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Metering Pump Market Size By Type (Diaphragm, Piston/Plunger, Others), By End-user (Oil & Gas, Water Treatment, Chemical Processing, Pharmaceuticals, Food & Beverage, Others & Forecast, 2023 – 2032
- Report ID: GMI5476
Metering Pump Market size surpassed USD 6.5 billion in 2022 and is anticipated to grow at a 4.1% CAGR from 2023 to 2032. Metering pumps are in high demand in various industries, particularly in the water treatment and chemical processing sectors, due to their precision and continuous operations without regular monitoring. One of the key drivers propelling industry expansion is the combination of rapid industrialization and the rising need for wastewater treatment from the petrochemical & pharmaceutical sectors.
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A metering pump is a positive displacement chemical injection device that can adjust the capacity manually or automatically depending on the situation. Chemicals with various traits and qualities are used in every industry. They are often obtained & stored in large quantities and can harm both humans and the environment if utilized improperly.
Metering pumps are used frequently in the petrochemical and chemical processing sectors to inject solvents and acids. In March 2022, Saudi Crown Prince, Mohammad bin Salman (MBS) finalized a USD 10 billion agreement for a petrochemical & refinery plant in China. The monarchy plans on spending USD 20 billion in Pakistan, adding to its interests in the country's refining sector. Such investments will accelerate the Asia Pacific metering pump market.
According to the UN, 2.2 billion people lack access to safe drinking water and the amount of water used each year is increasing by 1%. Over 80% of wastewater is expected to be dumped into the environment untreated. According to the UN Global Water Development Report, the industrial sector uses 19% of fresh water and by 2050, that figure is predicted to reach 24%. The growing global population and developing manufacturing industry are hastening the urgent need for treated & clean water. These elements support the use of metering pumps for desalination, wastewater treatment, and sewage disposal.
Also, many businesses are developing complete solutions to serve the manufacturing and industrial sectors. For instance, in June 2022 blue-white released the FLEXFLO A5 high-volume peristaltic metering pump for industrial end users. It is an enclosed, freely programmable pump that runs without outside control mechanisms. It has a sizable 5′′ display for comfortable viewing, straightforward touchscreen controls, and icon-based menu navigation.
The A5 remote control signal provides better monitoring and automation for crucial metering & transfer including Pulse, 4-20 mA, Modbus TCP, EtherNet/IP, and PROFIBUS. However, the COVID-19 pandemic and the mismatch in supply & demand severely hampered the metering pump market outlook. The pandemic disrupted the supply chains, stopping production, reducing refinery throughput, and postponing expansion projects globally, which reduced the product demand.
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The water treatment application in metering pump market scenario is most likely to observe remarkable growth by 2032. A dosing/metering pump is required during the entire wastewater treatment process for tasks such as coagulation, flocculation, and disinfection. One of the primary benefits of employing metering pumps for these procedures is their adaptability, which enables easy determination of the needed liquid injection or discharge rate. To improve water quality, metering pumps are frequently employed in the water treatment process. The additives used range from redox agents to non-oxidizing biocides to scale inhibitors. Water treatment facilities have chemical dosing systems that can handle various liquids, chemicals, and viscous & caustic compounds.
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Some key players in the metering pump market include Milton Roy Company, Seko S.P.A, ProMinent GmbH, SPX Flow Technology Norderstedt GmbH, Verder Group, Swelore Engineering Pvt. Ltd., Mcfarland-Tritan LLC, Dosiertechnik GmbH, Moyno Inc., Neptune Chemical Pump Company, and Grundfos Water Treatment GmbH.
These players are investing in research & development activities and continuously taking strategic initiatives such as new product launches to strengthen their position in metering pump market. For instance, in April 2022, SEKO introduced improved WareDose ware wash dosing pump systems, which have an integrated Wi-Fi hub and allow operators to access their systems round-the-clock using a smartphone. Users of the Peristaltic WareDose series can view their current & historical data using the SekoWeb smartphone app or website installed to better understand their dosing system and calculate the cost of chemicals per load.