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Discover the global metering pumps market to grow at at CAGR 6.3% through 2024

Discover the global metering pumps market to grow at at CAGR 6.3% through 2024

Key Players like IDEX Corporation, Injection Technical Control Incorporation (Itc, S.L.), Lewa GmbH, Mcfarland-Tritan LLC

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The Global Metering Pumps Market accounted for USD 3.75billion in 2016 and is projected to grow at a CAGR of 6.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Market Definition: Global Metering Pumps Market

Metering pumps, also known as chemical dosing pumps or chemical injection pumps have been used over the years for their high level of accuracy in pumping a wide variety of liquids in a host of various industries.There is a growing demand for metering pumps in water treatment, petrochemicals, oil & gas, chemical processing, pharmaceuticals, food & beverage and pulp & paperactivities, which is expected to be one of the major drivers of the market over the next seven years.

Complete report on Global Metering Pumps Market Research Report 2017-2024 spread across 350 Pages, profiling Top companies and supports with tables and figures

Some of the major players operating in this market are

  • IDEX Corporation
  • Injection Technical Control Incorporation (Itc, S.L.)
  • Lewa GmbH
  • Mcfarland-Tritan LLC
  • Milton Roy Company
  • Prominent Dosiertechnik GmbH
  • Seko S.P.A.
  • Welore Engineering Private Limited
  • Seepex GmbH
  • SPX Flow Technology Norderstedt GmbH

Major market Drivers

  • Demand for metering pumps in the oil & gas industry
  • Growing need for water/wastewater treatment plants
  • Increasing demand for pharmaceutical products

Market Restraint:                                               

  • Maturity of North American and European markets
  • Lack of enough greenfield investments

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Market Segmentations:

Global Metering Pumps Market is segmented on the basis of

  • Type
  • Application
  • Geography

Market Segmentations in Details:

on the basis of Type into diaphragm, piston/plunger, and other pumps.

On the basis of Application, the market is segmented into water treatment, petrochemicals, oil & gas, chemical processing, pharmaceuticals, food & beverage, and pulp & paper.

On the basis of geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

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Global Metering Pumps Market Company Share Analysis:

The global metering pumps market is consolidated with the presence of a limited number of players. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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