Global Statistics Representing Dosing Pump Market Scenario
The study covers market estimates and forecasts of the dosing pumps (dosing systems), a positive displacement system that pumps a very precise flow rate of chemical or other substance into a fluid stream. The global dosing pumps market is in the late growth phase of the product lifecycle. Rapid urbanization in the developing economies, rising investments in infrastructure development, and growing end use industries across the globe are the key market drivers. Rapid industrialization is increasing the number of dossing pump end-users. This is further supported by stringent government regulations in the U.K., India, China, and Japan, among others on the pharmaceutical, food & beverages, and oil & gas industries. Today, governments in several other countries are increasingly focusing on developing and bettering the infrastructure of the pharmaceutical, food & beverage, and oil & gas industries. For instance, the U. K. government spends around USD 271.22 billion on the food & beverage industry every year.
Apart from these industries, industrial wastewater management has become of utmost importance, and all the industrial players generating water waste are required to meet the regulatory standards in order process the wastewater. For instance, the U.S. Environmental Protection Agency has enforced a clean water Act for the management of water waste in the oil & gas industries, which would drive the demand for the dosing pump further.
Global dosing pump market is expected to reach USD 8,233.39 million in 2028 from USD 4,235.01 million in 2018 at a CAGR of 6.8% during the forecast period 2019–2026
Peristaltic pump, a second leading segments in terms of revenue share and market growth rate
A peristaltic pump is widely used for contamination-free pumping of shear sensitive fluids and viscous sludge or slurries. To avoid the contamination, chemical compatible pump is used in the pharmaceutical and food industries. It is also used in the pharmaceutical industry for the processing of botanical drugs & herbs, isolating active medicinal principles, and manufacturing pharmaceutical products for internal and external consumption in various forms.
Pharmaceutical Industry to grow lucratively over the forecast period.
By application, the market is segmented into chemicals, wastewater management, oil and gas, food and beverages, pharmaceuticals, pulp and paper, and other industries.
Globally, the pharmaceutical industry is witnessing huge growth and will continue the same during the forecast period. The pharmaceutical industry prefers using dosing pumps for attaining accurate and reliable delivery of chemicals in the products. Geographically, the U.S., Canada, Mexico, and the U.K have a widespread presence of the pharmaceutical industry, which is offering lucrative market opportunities. Besides, North America holds 48.1% of the world’s pharmaceutical market sales. This can be attributed to the increasing investments in the R&D activities by several leading players for the development of novel drugs. Recently, several players collectively invested over USD 55,755 million in R&D activities for novel drug development. In line with the growing demand, various new pharmaceutical manufacturers are entering the market to uncap several opportunities. In July 2019, GSK launched a new pharmaceutical facility in Singapore.
Distribution Channel—The Most Preferred Channel of Distribution
Based on sales channel, the market is segmented into direct and distribution channel. Most of the companies in the market operate through distribution channel. For indirect sales, some of the industries employ a variety of indirect distribution channels such as third-party networks, distributors, and wholesale retailers. The selection of wholesalers and retailers depends on the geographical areas to which they cater, future potential of the market, total sales, and the profit margin demanded by the reseller. The market players also believe that sales of their differentiated and innovative products and services can be boosted by knowledgeable salespersons who can deliver the value associated with their products. This results in hiring knowledgeable salesmen for product sales.
Europe represent attractive opportunities for the market growth
Today, Europe is holding over 15.6% share of the global chemical industry, which is boosting the market growth. The Czech Republic has the second largest manufacturing industry across Europe. In this region, around 813 chemical industries are present that altogether generate a revenue of USD 25.23 billion.
In Europe, the pharmaceutical sector is also witnessing a positive growth and will continue the same during the forecast period. In the region, the pharmaceutical industries are using high-end and technologically advanced equipment for manufacturing highly accurate and effective drugs. GlaxoSmithKline and AstraZeneca, Pfizer, Novartis, Hoffmann–La Roche, and Eisai are some of the major players in the regional pharmaceutical industry. These players are actively involved in the R&D of novel drugs, which is positively influencing the demand for the dosing pump. In 2016, Roche invested around USD 8.7 billion, and Novartis invested around USD 7.6 billion in the R&D activities.
North America is another important economies in terms of the revenue share. In North America, the food-grade dosing pumps are experiencing a huge demand from the food industry. In 2015, the U.S. food and beverage industry was valued at USD 164 billion. The region has a strong presence of leading food & beverage players like Quaker, Kellogg’s, Baker’s, Pepsi, Coca-Cola, Pillsbury, Jell-O, and Folgers. All of these players use advanced technology like dosing pumps for manufacturing the products. In addition, the pharmaceutical industry is experiencing huge growth. As per the Government of Canada, Canada holds 2% of the global share of the pharmaceutical market.
North America is also leading the oil industry. For instance, Mexico, Canada, and the U.S. are some of the leading oil producers in the world. In 2017, Mexico produced around 1.8million barrels of oil per day. Similarly, in 2018, Mexico exported around 2.05 billion worth of oil across the globe.
Some of the key players in the global dosing pump market are POMPE CUCCHI, Albin Pump AB, Baoding Longer Precision Pump, BLUE WHITE Industries, Bredel, Diener Precision Pumps, DOSEURO,Etatron D.S., FIMARS, and IDEX Corporation.
Our Report Covers
Dosing Pump Market Segmentation
By Sales Channel
Frequently Asked Questions (FAQs)