Metering Pump Market Revenue to outshine USD 6.9 MN BY 2026
Posted On May 18, 2020
The Global Metering Pump Market value will grow to USD 6.9 MN in 2026 from the market value of USD 4.6 MN in 2019 at a CAGR of 6% during the study period of 2020-2026, as stated in the published report by Value Market Research. A significant application of metering pumps, in the management and water treatment sector is anticipated to draw lucrative market prospects. Increasing promotions and regulations pertaining to product standards, energy efficiency, and escalated growth application in areas such as pharmaceutical products are predicted to fuel the demand of the metering pump market worldwide.
Metering is a term used for delivering fluids at a precise yet adjustable flow rate. And, a metering pump is used for moving a specific volume of liquid in a specified duration delivering a precise volumetric flow rate. Although the metering pumps can pump different types of fluids (thin/thick fluids, corrosive liquids) commonly these are used for pumping chemicals and solutions. There are 2 components in a metering pump, head, and a motor. Based on the mechanism used for regulating the flow rate, the metering pumps are fixed displacement and variable displacement metering pumps. The majority of metering pumps are measured by their capacity to move gallons per minute, rather than the industry-standard gallons per hour. The most widespread applications that use metering pumps are in the chemical, water, food processing, and other industries where the precise flow rate is necessary.
The study "Global Metering Pump Market Report By Type (Diaphragm, Piston/Plunger And Others), End-Use (Water Treatment, Petrochemicals, Oil And Gas, Chemical Processing, Pharmaceuticals, Food And Beverages, Pulp And Paper And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" covers key market statistics with regional segmentation. The data collected by primary and secondary sources, is analysed by industry experts along with the considerations to the economic and political factors. The report is segmented into chapters analysing all the segments individually and regional bifurcation is also done in detail.
By type the metering pump market is divided into diaphragm, piston/plunger and others. On the basis of end-use the metering pump market is divided into water treatment, petrochemicals, oil and gas, chemical processing, pharmaceuticals, food and beverages, pulp and paper and others.
The geographical segmentation of the report highlights the share of the revenue/volume spread globally as per region and country. The study in segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.
The Report Segments Global Metering Pump Market -
- Water Treatment
- Oil And Gas
- Chemical Processing
- Food And Beverages
- Pulp And Paper
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Dover Corporation, Grundfos, IDEX Corporation, LEWA, Milton Roy, ProMinent, SEKO, Verder Group and Watson-Marlow Fluid Technology Group among others.
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