Metering Pumps Market worth $8.5 billion by 2028 – At a CAGR of 4.3%

As per the recently published report by MarketsandMarkets™, The Metering Pumps Market by Type (Diaphragm pump, Pistons/Plungers), End-Use Industry (Water Treatment, Petrochemicals and Oil & Gas, Chemical Processing, Pharmaceuticals), Pump drive (Motor, Solenoid, Pneumatic) and Region – Global Forecast to 2028 “, size is projected to grow from USD 6.9 billion in 2023 to USD 8.5 billion by 2028, at a CAGR of 4.3%.

The metering pumps market encompasses the global industry for specialized pumps designed to dispense precise volumes of fluids accurately and consistently in various industrial processes. These pumps are employed across diverse sectors such as water treatment, chemical processing, pharmaceuticals, petrochemicals, food and beverage, and pulp and paper production, among others. They play a pivotal role in maintaining the integrity of fluid compositions, ensuring precise chemical dosing, and complying with stringent quality and environmental standards. The market includes a range of metering pump types, including diaphragm, piston, plunger etc. offering solutions tailored to specific application requirements. Factors such as stringent regulations in water treatment, growth in chemical and pharmaceutical industries, and the need for precise fluid handling contribute to the market’s growth and prominence in various industrial processes.

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  • 267 Market data Tables
  • 53 Figures
  • 254 Pages and in-depth TOC on “Metering Pumps Market – Global Forecast to 2028”

This report also provides a comprehensive analysis of the companies listed below:

The major players in metering pumps market include Ingersoll Rand, Inc. (US), ProMinent GmbH (Germany), IDEX Corporation (US), Grundfos Holding A/S (Denmark), Seko S.P.A. (Italy), and Dover Corporation (US) and others. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the metering pumps market.

Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the metering pumps market.

Recent Developments in Metering Pumps Market Industry

  1. In September 2022, Idex Corporation acquired Muon BV and its subsidiaries (Muon Group).
  2. In March 2022, Idex Corporation acquired KZValve which specializes in manufacturing electric valves and controllers for several end markets.
  3. In January 2021, Idex Corporation acquired Abel Pumps, L.P., and its affiliates (ABEL) in a USD 103.5 million deal.
  4. In March 2022, Graco expanded its business in the hose pump line. The Solo Tech-range included models for hygienic applications and additional sizes for industrial installations.
  5. In August 2022, Graco Inc. announced the purchase of approximately twenty acres of land adjacent to the company’s existing Anoka facility for future expansion of business.
  6.  In August 2022, Grundfos launched an expansion of range extra-large CR pumps, taking current energy efficiency and performance standards for vertical multi-stage in-line pumps to the next level.

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The segmentation considered for this report is based on type, end-use industry, pump drive, and region that constitute the key markets. The metering pumps market can be segmented based on types such as diaphragm pumps, pistons/plungers, and other types. By type, diaphragm pumps dominated the market in 2022. Diaphragm pumps dominate the metering pump market due to their controlled dosing of a wide range of fluids, including corrosive and hazardous chemicals. Their sealed design ensures safety, while minimal maintenance requirements and long lifespan make them cost-effective. The market for double diaphragm pumps is seeing growing demand from the chemicals industry as well as rising investments in the water and wastewater sectors.

The metering pumps market can be segmented based on end-use industry as water treatment, petrochemicals and oil & gas, chemical processing, pharmaceuticals, food & beverages, pulp & paper, automotive, textile, and other end-use industries. The water treatment end-use industry dominated the market in 2022. The rising industries in power, mining, oil & gas, pulp, chemicals, and other fields are also the main contributors to the market growth. Due to these businesses’ high water consumption and large effluent production, the demand for potable water is growing, which causes a greater emphasis to be placed on wastewater treatment during the forecast period.

The metering pump market can be segmented based on pump drives as Motor-driven, Solenoid-driven, pneumatic-driven, and Other Pump Drives. By Pump Drive, Motor driven segment accounts for the largest share of the metering pumps market. These pumps require minimal supervision. These pumps provide several other characteristics such as wide capacity range, accurate metering even in fluctuating pressure conditions.

By region, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific is the dominant region in the metering pumps market, during the forecast period. Factors such as the growth of the manufacturing sector and the shifting of the manufacturing facilities to India, China, and ASEAN countries support the market growth in APAC. India is the leading market in the region. Growing industrialization, low raw materials, and labor cost are a few factors that drive the metering pump market in these countries.

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