Market Overview:
The global report discussing the flow of the metering pump market is showing potential to surpass USD 5.3 bn mark with 6.5% CAGR during the forecast period. Market Research Future (MRFR) explores opportunities that the market can use to establish robust growth.
While doing so, the study focuses on factors that can propel this growth. For instance, the easy percolation of metering pump in the manufacturing sector could secure better run for the market. Modernization of infrastructure, fund influx for development, urbanization, wastewater treatment projects, and intention to grow using eco-friendly ways are expected to bolster the market.
However, these machines are not ideal if the demand for fluids is high in a short span of time.
Segmentation:
The global metering pump market has been segmented by MRFR research analysts into type and application to make sure the insights fetched from the report can help in a proper market assessment. Details in these sectors have been gathered using scientific measures and bolstered by graphs, charts, and figures.
By type, the global market study of the metering pump can be segmented into diaphragm and piston.
By application, the global market review of the metering pump can be segmented into water and wastewater treatment, food industry, petrochemical, oil & gas, chemical, and others. The water & wastewater treatment segment would get support from the rising urbanization and development of smart cities. In emerging countries, the food industry would get substantial backing.
Regional Analysis:
Asia Pacific’s opportunities to lead the market is noteworthy as the region is showing substantial involvement. China is expected to ensure support the regional market as its industrial developments are creating scope for expansion. Rising end user application and low-cost raw materials are expected to provide China with substantial impetus. Also, a hike in the foreign investment could assist the market in finding better moves.
Competitive Landscape:
IDEX Corporation (U.S.), Lewa GmbH (Germany), Milton Roy Company (U.S.), Mcfarland-Tritan LLC (U.S.), Seepax GmbH (Germany),Injection Technical Control Incorporation (Spain), Swelore Engineering Private Limited (India), Prominent Dosiertechnik GmbH (Germany), Seko S.P.A. (Italy), and SPX Flow Technology Norderstedt GmbH (Germany) are some names in the market with the potential to change the global metering pump market outcome. Among the tactical methods, merger, acquisition, investment flow, research and development sector, innovation, tie-up, and others are expected to impact the market flow. It would also ensure a strong position for the involved companies, all the while supporting the market outcome. MRFR recorded moves that were made in recent years to track trends and gauge how far the market can go.
Industry News:
The global metering pump market is getting impacted by the onslaughts of COVID-19 pandemic. The product enjoys an easy percolation in the manufacturing industry. However, the manufacturing industry is getting affected by the pandemic in unprecedented ways. Lockdowns, and disrupted supply and workflow have become the new norm owing to which several industries have started counting huge losses. The metering pump market is getting impacted by this in two ways. The demand for the tool is witnessing a plummet as the associated industries are suffering in notable ways and the production of the tool is witnessing a slump due to the irregularities in the manufacturing process.
However, the global market may register a comeback in the coming months as countries have started restoring their industrial sectors by pumping in investment and ensuring financial support. This could bolster the market prospect of the metering pump.
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