Dosing Pumps Market Strategic Assessment and Forecast 2019 - 2026
Dosing Pumps is a type of metering device, which is employed for the purpose of allowing a small but accurate flow of chemicals into the flow of fluid in the processing unit. Components used in these systems include foot valve, injector, pump, control system, and chemical tank, wherein, the pump is the major one that internally controls the systems
According to a new report published by Allied Market Research, Dosing Pumps Market was valued at $5.90 billion in 2018 and is projected to reach $8.99 billion by 2026, growing at a CAGR of 5.4% from 2019 to 2026.
The oil & gas industry is expected to be another potential sector, which is not fully explored, for dosing pumps in terms of metering applications. Instances like growing government efforts to commercially exploit coal bed methane with substantial investment by governments of China, the U.S., and Japan are set to impact the global Dosing Pumps market growth during the forecast period.
On the basis of pump type, the diaphragm pump is the major dosing pump market shareholder in 2018 and it is expected to be the largest one by the end of the forecast period of 2019-2026. One of the simple and required features that make the diaphragm pump unique is that it is leak-free and therefore suitable for highly aggressive toxic media. Such pumps are known as maintenance free and fault free that assure optimum operational efficiency.
Key Findings of the Dosing Pumps Market:
- Based on pump type, the diaphragm pump segment emerged as the global leader by acquiring around 35% market share in 2018, and it is anticipated to be the largest market during the forecast period
- Based on application, the water and wastewater segment is the largest revenue-generating segment in 2018 as Dosing Pumps deals with large fluid volume application
- Asia-Pacific is the major consumer of Dosing Pumps among other regions. It is accounted for around 40% of the global market share in 2018 as a result of robust industrialization and a growing need for water treatment plants across the region.
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Market players operating and profiles in the global dosing pumps market include Blue-White Industries, EMEC s.r.l., Grundfos Holding A/S, Idex Corporation, Netzsch Pumpen Systeme GmbH, Nikkiso Co., Ltd, ProMinent GmbH, Seko SpA, SPX Flow, Inc., and W.E.S. Ltd. Most of the players operating in this market are mid-scale players and the market as whole at global level is clearly lacking in the continual product innovation of custom products.