Metering Pump Market Share, Size, Trends, Industry Analysis Report, By Type (Piston/Plunger Pumps, Peristaltic Pumps, Diaphragm Pumps, Others); By End-Use; By Region; Segment Forecast, 2024 - 2032

Metering Pump Market Share, Size, Trends, Industry Analysis Report, By Type (Piston/Plunger Pumps, Peristaltic Pumps, Diaphragm Pumps, Others); By End-Use; By Region; Segment Forecast, 2024 - 2032

The global Metering Pump market size is expected to reach USD 10.37 billion by 2032, according to a new study by Polaris Market Research. The report “Metering Pump Market Share, Size, Trends, Industry Analysis Report, By Type (Piston/Plunger Pumps, Peristaltic Pumps, Diaphragm Pumps, Others); By End-Use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

A metering pump is a precise device that delivers fluids consistently and accurately in predetermined quantities. Its operation involves displacing a specific volume of liquid with each stroke or rotation, ensuring a controlled and reliable flow rate. Known for handling a broad range of viscosities, from thin chemicals to highly viscous fluids, the metering pump is valued for its enhanced repeatability and durability. Due to its suitability for applications requiring precise dosing or proportional chemical mixing, the demand for metering pumps is on the rise globally.

The market is experiencing robust growth owing to the escalating number of oil and gas exploration and production activities. These pumps play a crucial role in the oil and gas sector, being utilized for diverse applications like injecting chemicals into drilling operations, improving oil recovery, and managing corrosion in pipelines and refineries. Metering pumps are essential for achieving accurate dosing of chemicals and optimizing these critical processes. The market is further propelled by the increasing adoption of metering pumps, fueled by the growing demand for energy. Additionally, heightened awareness about the significance of precise chemical injection is fostering the expansion of the market.

The rising demand for tailor-made chemicals designed to meet specific requirements across diverse sectors is propelling market expansion. These chemicals span a range from high-performance additives and coatings to distinctive pharmaceutical intermediates, serving industries such as electronics, automotive, and healthcare. In this scenario, metering pumps play a pivotal role by facilitating accurate dosing of various chemicals throughout production processes. They guarantee precise and consistent dosing of colorants, catalysts, or reactive agents, crucial for upholding product quality and minimizing waste. Additionally, the increasing requirement for specialty chemicals in the personal care and cosmetic sector, with a focus on creating innovative and top-quality products, contributes positively to the market outlook.

Metering Pump Market Report Highlights

In 2022, the Diaphragm Pumps segment dominated the revenue share. Unlike traditional piston pumps, diaphragm pumps utilize a diaphragm made of flexible materials such as rubber or plastics to transfer fluids. The actuation of diaphragm pumps can be achieved either through mechanical means or motors, depending on the pressure and flow rate requirements of the specific end-use application. These pumps provide various advantages, including their ability to handle a wide range of fluids, including viscous and abrasive substances.

During the forecast period, the Water & Wastewater segment dominated the market share. Water treatment involves several processes requiring precise dosing of specific chemicals to eliminate impurities. This includes injecting chemicals like chlorine and pH adjusters to ensure safe and potable water. The growing urbanization and industrialization have resulted in an increased demand for a stable and potable water supply with controlled pH levels. Metering pumps play a crucial role in water treatment operations by precisely dosing the required quantity of chemicals to optimize drinking water quality. The expected growth in urbanization, population, and the food processing industry is anticipated to drive a significant surge in demand for metering pumps in the forecast period.

In 2022, Asia Pacific emerged as the leading market. The market's potential is poised for growth, driven by rapid industrialization and urbanization, along with an escalating demand for fluid handling and safe drinking water in various countries, notably China and India. The Asia Pacific region is experiencing notable growth in water and wastewater treatment, chemical, and food processing industries, fueled by increasing urbanization and per capita income. Moreover, the economies in the Asia Pacific region are expected to flourish during the forecast period, supported by heightened government investments in pharmaceuticals, food and beverage, and water and wastewater treatment industries. The continual expansion of end-use industries such as chemicals and oil & gas exploration is projected to stimulate increased demand for fluid handling equipment, thereby fostering market growth.

The global key market players include Dover Corporation, Grundfos Holding A/S, IDEX Corporation, Ingersoll Rand, LEWA GmbH, Milton Roy Company, Moyno Inc., Nikkiso Co., Ltd., ProMinent, SEKO S.P.A., SPX Flow Technology Norderstedt GmbH, Swelore Engineering Pvt. Ltd., Verder Group, Wanner Engineering, Inc., and Yamada Corporation.

Polaris Market Research has segmented the Metering Pump market report based on type, end-use, and region:

Metering Pump, Type Outlook (Revenue - USD Billion, 2019 - 2032)

Piston/Plunger Pumps

Peristaltic Pumps

Diaphragm Pumps

Others

Metering Pump, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)

Oil & Gas

Food & Beverage

Water & Wastewater

Pharmaceutical

Chemical

Others

Metering Pump, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa