Global metering pump market to touch $4.1 billion by 2017: MarketsandMarkets

According to MarketsandMarkets, a global market research and consulting company based in the US, the global market for metering pump (dosing/chemical injection) is estimated to grow from $3.165 billion in 2012 to $4.1 billion by 2017, with a CAGR of 5.3% from 2012 to 2017. In its latest report, the market research firm stated, “Chemical injection or metering pump market is mainly driven by growing demand for energy efficiency and stringent regulations about safe waste water disposal and environment protection implemented by governments globally. Asia-Pacific, due to its growing infrastructure investment and growing manufacturing industry, is the major growth engine for this market. China, as a country is the largest end-user of metering pumps and is expected to continue to grow at a significantly high growth rate.”
 
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Demand of automation and efficient operation is drawing transactions in various industries which in turn are creating new market for metering pumps. “New and advanced pumps are being continuously introduced in the market. Digital metering pumps that already exist in the market are being employed by industries. The development in the digital metering pump technology will make its operation more efficient and precise in water & waste water treatment, oil & gas, chemical processes, pharmaceuticals, foods & beverages, and other areas. On an account of changing consumer needs, introduction of more advanced products and increasing applications of metering pumps, the market will experience an increase in demand in the future,” said MarketsandMarkets in a press release.
 
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Metering pump manufacturers are constantly trying to modify their product lines in order to increase their market share, which in turn helps them to gain bulk supply contracts. Thus, all major players are focusing on new product innovations as their key strategy. This market is highly fragmented and hence, merger & acquisition is the second most preferred strategy followed by leading industry players to increase their market penetration in various regions. Leading industry players of this market include Milton Roy (US), Idex Corporation (US), Lewa GmbH (Germany) - a unit of Nikkiso (Japan), and Neptune (US) - a unit of PSG Dover (US).