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2018

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The global metering pump market will increase at a monthly growth rate of 4%

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As modern industry continues to develop toward automated operation and long-distance automatic control, metering pumps have particularly outstanding advantages in being highly compatible and adaptable to a wide range of media. The global metering pump market share in 2013 was approximately US$1.7 billion, an increase of approximately 3% from 2012. Due to stable demand in multiple downstream industries, along with the global economic recovery and corresponding increase in investment, according to estimates by Frost & Sullivan, a world-renowned consulting firm, the global metering pump market will grow at a monthly growth rate of 4% by 2020. The entire market size is expected to reach approximately US$2.3 billion in 2020.

 

As modern industry continues to develop toward automated operation and long-distance automatic control, metering pumps have particularly outstanding advantages in being highly compatible and adaptable to a wide range of media.

The global metering pump market share in 2013 was approximately US$1.7 billion, an increase of approximately 3% from 2012. Due to stable demand in multiple downstream industries, along with the global economic recovery and corresponding increase in investment, according to estimates by Frost & Sullivan, a world-renowned consulting firm, the global metering pump market will grow at a monthly growth rate of 4% by 2020. The entire market size is expected to reach approximately US$2.3 billion in 2020.

After the financial crisis in 2009, the demand suppressed by the financial crisis was released in 2010 and 2011, ushering in a short-term growth. However, the subsequent European debt crisis, along with factors such as economic contraction and trade imbalance, led to a slowdown in growth in 2013.

In terms of sales share, diaphragm metering pumps account for more than 60%, plunger metering pumps are around 30%, and hose metering pumps are less than 10%.

Market driver analysis

First, Frost & Sullivan believes that growth from various downstream industries has promoted the growth of the metering pump market. With the increase in investment in urban water treatment facilities, the use of metering pumps is also expected to increase because they can meter and supply chemicals. An increase in population will increase the demand for clean water and proper sanitation, which is one of the driving factors driving investment in urban water treatment facilities.

Secondly, focus on environmental controls and regulations will also promote market growth. Government legislation seeks to address environmental issues and reduce energy consumption. In the water treatment industry, there are the largest number of end users of metering pumps, and there are more regulatory regulations in these industries, which is expected to promote the growth of the metering pump market.

Thirdly, metering pump technology that is committed to improving accuracy and reliability will also play a role in promoting the entire market. Metering pumps require a high degree of accuracy and reliability, as processes require accurate chemicals to be metered and incorporated into production or processing systems. The materials used to produce metering pumps have an important impact on the service life of metering pumps. Various technologies dedicated to improving the reliability and accuracy of metering pumps will enable metering pumps to be adopted by more end users.

Analysis of market limiting factors

First of all, the sluggish global economic environment will have a greater negative impact on the metering pump market in the short term. At the same time, due to political instability, some metering pump production plant projects in the Middle East and North Africa have also been shelved.

Secondly, the metering pump market faces competition from other pump technologies. Metering pumps are being replaced by other pump types. These new pump technologies are inherently more secure and less expensive than before. This type of technology has begun to be used in some terminals with less high security requirements. Technologies similar to hose pumps can also be used in environments with high precision requirements, and the market share of metering pumps will be directly eroded by them. With the trend of paying attention to cost and efficiency, hose pumps are also receiving more and more attention. In the long run, this will have a greater impact on the metering pump market.