Global metering pump market expects major expansion within next five years
The metering pump market is expected to experience high revenue growth during the next five years.
DALLAS, TX, Feb. 12, 2013 -- A research report from Markets and Markets finds that growing demand for environment friendly wastewater disposal and increasing investment in modernization of infrastructure will drive the global chemical injection (metering /dosing) pump market to $4.1 billion by 2017.
"Metering Pump Market, by Type and Application - Global Trends & Forecasts to 2017" says that the Asia-Pacific region, with its developing economies and rapidly expanding manufacturing bases, is expected to experience its highest revenue growth during the next five years. Other factors driving growth in the metering or chemical injection pump market are stringent efficiency and environment related regulations; growth of water and wastewater treatment and oil & gas industries; and increased demand for automation of the processes.
The metering pump market is developing moderately due to its unaltered applications which make it a backbone of many processes across various industries. The water treatment industry is the major buyer of those pumps followed by oil & gas, followed by chemical industries. Other industries, which have small but significant shares in metering pump market are, pharmaceutical, food & beverages, pump & paper, agriculture & pesticides, and the textile industry.
By region, the Asia-Pacific is the largest market which is also the highest growing. Europe is the second largest market closely followed by the Americas. By country, China is the single largest end-user for metering pumps. Availability of comparatively low cost raw materials and soaring growth of end-use application industries supplemented by high domestic and foreign investment is driving the growth in China. In the Americas, the U.S. is leading the growth owing to technological advancement and desired precision in operations.
Metering pumps are usually diaphragm, and plunger or piston types. Diaphragm-type metering pumps occupy maximum market share due to the high accuracy and less maintenance offered by these pumps. Metering pumps are also used in various industries such as oil & gas, chemical processes, pharmaceuticals, pulp & paper, etc. Metering pumps, which can efficiently handle the corrosive fluids and maintain hygiene, are highly demanding products.
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