(EnergyIndustry.Net, November 07, 2018 ) According to the new market research report ''Metering Pumps Market by Type (Diaphragm, Piston/ Plunger), End-Use Industry (Water Treatment, Petrochemicals, Oil & Gas, Chemical Processing, Pharmaceuticals, Food & Beverages, Pulp & Paper), and Region - Global Forecast to 2021", published by MarketsandMarkets™, the metering pumps market was valued at USD 3.65 Billion in 2015, and is projected to reach USD 5.22 Billion by 2021, at a CAGR of 6.2%, during 2016 to 2021.
The market growth is attributed to the increasing demand for metering pumps in the water treatment, petrochemicals, oil & gas, chemical processing, pharmaceuticals, food & beverages, pulp & paper industries.
The diaphragm segment led the metering pumps market in 2016
Diaphragm type of metering pump is used for dosing and chemical injection applications. It can handle fluids with some solid materials without any corrosion or damage to the pump. It is estimated to be the leading metering pump type in the market due to its safe, precise, and efficient operations. Furthermore, in diaphragm metering pumps, there is no moving part in direct contact with fluid except valves. Additionally, this type of metering pumps can be operated mechanically and hydraulically.
Browse and in-depth TOC on ''Metering Pumps Market'' 145 - Tables 41 - Figures 161 - Pages
The water treatment industry accounted for the largest share of the metering pumps market in 2016
The water treatment industry accounted for the major share of the metering pumps market, followed by petrochemicals industry. Metering pumps are used for the purification of drinking water and treatment of wastewater in the water treatment industry. These pumps are also used for dosing acids and alkalis for pH-control, transfer and injection of flocculent, suspensions breakers, chemical reagents, and sludge removers. Increasing demand for pure drinking water and government regulations for water disposal are the major drivers of the water treatment industry.
The rising demand for metering pumps from Asia-Pacific is expected to be a key factor driving the growth of metering pumps market in the region
Asia-Pacific is estimated to be the leading market for metering pumps. China was the largest and also projected the fastest-growing market for metering pumps during the forecast period. India, Japan, and South Korea are the other main countries contributing to the growth of metering pumps market in the region. The increasing demand for metering pumps from the end-use industries such as water treatment, petrochemicals, oil & gas, and chemical cessing is expected to drive the metering pumps market in these countries.