Dosing Pump Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Dosing Pump Market
The global dosing pump market size was valued at USD 5.58 billion in 2023 and is projected to grow from USD 5.95 billion in 2024 to USD 9.82 billion by 2032, exhibiting a CAGR of 6.46% during the forecast period of 2024-2032.
Technological advancements, such as the recent CRISPR technology, have also driven the demand for the dosing pump market because of the COVID-19 impact. Because of the higher death rates observed globally, hospitals and healthcare structures got to a situation of having excess patients, and the higher pressure of providing the right amounts of medications and fluids in the correct measurement ratios slowed the dosing pump market growth.
The following are the onset reasons for the growth of the dosing pump market: Globally, the demand for dosage is at an ever-rising high in all the industries available in the health care, pharma, and chemical manufacturing businesses.
The dosing pump industry is witnessing the use of digital technologies in determining fluid metering with increased speed. Many pump manufacturers are integrating digital controls and sensors within the dosing pumps to enhance their functionality, dosage delivery, and monitoring reliability. This makes it easy to monitor the processes, log the data, and optimize each process in which industries like the pharmaceuticals, chemicals, and water treatment industries may be involved, thus preventing a rise in the dosing pump market share on a global level, impeding a global surge in dosing pump market share. Moreover, several digital dosing pumps can identify and even regulate factors such as the dosing system's flow rate, pressure, and sometimes temperature, making dosing very precise.
Comprehensive Analysis of Dosing Pump Market
The dosing pump market is categorized by type, flow rate, and application. Regarding type, peristaltic pumps have a wider market share because they are robust and can easily handle delicate or viscous substances. The fastest-growing product segment is the diaphragm pump, followed by the solenoid and plunge pumps. According to flow rate, pumps with lower flow rates ranging up to 50L/min have a higher market share than those with flow rates ranging between 51-100L/min and more significant than 100L/min. By the end-user industry, the oil and gas industry holds the largest market share of the dosing pump since it plays an essential role in the transportation of crude oil. The water and wastewater industry is also a giant market due to the growth in the usage of fluids and their accurate dosing. Another significant sector is the pharmaceutical one due to the expansion of the generic medicine market and the necessity of precise dosing.
The Asia Pacific region led the dosing pump market by benefitting a size of USD 2.10 billion in 2023 due to economic growth taking a central place, and water management has expanded the aspect of its demand that makes this market dominant.
The leading players in the dosing pump market significantly influence its growth trajectory and set industry standards. These key players, including KNAUER Wissenschaftliche Geräte GmbH (Germany), ProMinent (Germany), Verder Liquid B.V. (U.K.), Seko (Italy), Watson-Marlow Fluid Technology Solutions (U.K.), Grundfos (Denmark), Netzsch Pumps (Germany), Nikkiso Co. Ltd. (Japan), SPX Flow (U.S.), and Blue White Pumps (U.S.), contribute to a competitive landscape, driving innovation and market advancement in the dosing pump industry.
In April 2022, SEKO recently launched its WareDose ware wash dosing pump systems that have been modified with a Wi-Fi hub, with which it is possible to monitor system activities at one’s convenience using a Smartphone.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 6.46% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Type
Diaphragm Pump
Peristaltic Pump
Solenoid Pump
Plunger Pump
Hydraulic Pump
Others
By Flow Rate
Upto 50 (L/min)
51 to 100 (L/min)
More than 100 (L/min)
By End-user
Oil & Gas
Water & Wastewater
Pharmaceuticals
Chemicals
Others
By Region
North America (By Type, By Flow Rate, By End-user, and By Country)
- U.S. (By End-user)
- Canada (By End-user)
Europe (By Type, By Flow Rate, By End-user, and By Country)
- Germany (By End-user)
- U.K. (By End-user)
- France (By End-user)
- Italy (By End-user)
- Spain (By End-user)
- Russia (By End-user)
- Rest of Europe (By End-user)
Asia Pacific (By Type, By Flow Rate, By End-user, and By Country)
- China (By End-user)
- Japan (By End-user)
- India (By End-user)
- Australia (By End-user)
- Southeast Asia (By End-user)
- Rest of Asia Pacific (By End-user)
Latin America (By Type, By Flow Rate, By End-user, and By Country)
- Brazil (By End-user)
- Mexico (By End-user)
- Rest of Latin America (By End-user)
Middle East & Africa (By Type, By Flow Rate, By End-user, and By Country)
- GCC (By End-user)
- South Africa (By End-user)
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