Global Metering Pump Market Expects Major Expansion Within Next Five Years
The research report “Metering Pump Market, by Type and Application - Global Trends & Forecasts to 2017” predicts major expansion in the next five years. The Asia-Pacific region is expected to experience the highest revenue growth due to its developing economics and rapidly expanding manufacturing bases, while increased demand for environmentally friendly waste water disposal and subsequent investment in infrastructure upgrades will drive growth in the global chemical injection market. The latter is expected to grow to $4.1 billion USD by 2017.
Several other factors, including stringent efficiency and environment related regulations, increased demand of water and wastewater treatment in oil & gas industries, and automation of processes have contributed to growth in the metering or chemical injection pump market.
The metering pump is developing moderately due to its unaltered applications. A backbone of many processes across various industries, metering pumps’ major buyers are: the water treatment industry, oil & gas, and the chemical industries. Other industries with small but significant shares in the metering pump market include: pharmaceutical, food & beverages, pump & paper, agriculture & pesticides, and textile.
By region, the Asia-Pacific is the largest and fastest growing market, followed by Europe as the second largest market, and the Americas as the third. China is the single largest end-user for metering pumps, driven by comparatively low-cost raw materials and exponential growth of application industries. High domestic and foreign investment supplements this growth. In the Americas, the U.S. is the largest market, owed mainly to its size and technological advancement.
Metering pumps are typically diaphragm, either plunger or piston types. Diaphragm metering pumps dominate the market due to their high-accuracy and low maintenance design; there is high demand for metering pumps that efficiently handle corrosive fluids and maintain hygiene. Primary uses include applications within the oil & gas, chemical processes, pharmaceuticals, and pulp & paper industries.