Metering Pumps Market

Market Overview

The global metering pumps market size was valued at USD 7.0 billion in 2023 and is projected to reach a value of USD 10.5 billion by 2032, registering a CAGR of 4.6% during the forecast period (2024-2032). Metering pumps market growth is projected to be driven by technological advancements and expanding end-use sectors such as water and wastewater treatment, chemicals, and pharmaceuticals.

Metering pumps are precise equipment that discharge fluids at specific flow rates and pressures. They are frequently employed in various sectors to precisely dose, mix, and inject liquids or chemicals. Metering pumps use reciprocating or rotating mechanisms to displace fluid amounts at a constant rate, resulting in precise dosing and equal distribution.

The increased usage of metering pumps, which can handle corrosive and abrasive fluids efficiently, is driving market expansion. Aside from that, the pharmaceutical industry's growing demand for precision dosing and product quality is driving market expansion. Furthermore, the increasing demand for metering pumps in the healthcare industry as diagnostic equipment for safe and precise patient outcomes positively drives the Metering Pumps Market share. 

Aside from that, various advancements in metering pump technology to improve efficiency, dependability, and ease of integration into multiple processes are presenting lucrative growth possibilities to industry investors. Furthermore, the increasing demand for accurate fluid control systems and the growing popularity of automation in different industries are driving market expansion.

Highlights

• Diaphragm Pumps generate the highest revenue share of the market by Type.
• Water and Wastewater influenced the market growth by end-users.

Market Dynamics

Global Metering Pumps Market Drivers

Increasing Demand for Water Treatment Solutions

Metering pumps are used in municipal water treatment plants to dose chemicals that purify and disinfect drinking water accurately. For example, sodium hypochlorite is often used in chlorination to kill germs and bacteria. Metering pumps inject sodium hypochlorite into the water for the appropriate disinfection level. In addition, coagulants such as aluminum sulfate (alum) or ferric chloride are used to remove suspended particles and contaminants by coagulation and flocculation. The World Health Organization (WHO) states that around 2.2 billion people worldwide lack adequate water services. Furthermore, the UN World Water Development Report 2023 states that 2 billion people (26% of the world's population) lack safe drinking water, while 3.6 billion (46%) lack access to adequately managed sanitation. The growing global population, urbanization, and industrial activity contribute to water pollution and poor water quality, demanding effective water treatment technologies to ensure clean and safe drinking water access.

Furthermore, governments and regulatory organizations worldwide are investing in water infrastructure renovations and modernization projects to solve water quality issues and assure clean water availability for their citizens. In 2023, India plans to invest more than USD 240 billion in the water sector and conduct the world's most extensive dam rehabilitation program. These expenditures include funding for the construction and development of water treatment plants, installing modern treatment technologies, and implementing efficient dosing and disinfection systems, all driving demand for metering pumps in the water treatment industry.

Moreover, stringent water quality and safety rules, such as the United States Safe Drinking Water Act and the European Union's Drinking Water Directive, require careful compliance with water treatment and disinfection methods. Metering pumps are critical to compliance by accurately dosing chemicals and additions to meet regulatory standards while ensuring water sources' safety and portability.

Global Metering Pumps Market Restraints

High Cost

One of the primary obstacles to entry into the metering pump market is the significant initial investment required to purchase and install metering pump systems. These pumps frequently necessitate extra equipment such as controllers, valves, and monitoring systems, raising the total upfront capital investment for end users. Small and medium-sized enterprises (SMEs) and budget-constrained industries may be unable to use metering pump systems due to the high initial investment required.

In addition, the cost of metering pump systems varies considerably based on pump capacity, construction materials, control features, and brand reputation. The average cost of a metering pump ranges between USD 1,500 and USD 5,000; however, several factors can influence the price. For example, a single-user metering pump can cost between USD 4,123 and USD 4,850, depending on the system's specs and complexity. For example, a high-capacity metering pump system with advanced control capabilities and materials appropriate for corrosive chemicals may necessitate a significant initial expenditure. 

Moreover, when assessing dosing options, industries may consider gravity-fed systems, peristaltic pumps, or manual dosing. While these options may have cheaper initial costs than metering pump systems, they may need metering pumps' precision, control, and dependability. However, the perceived more significant initial investment cost of metering pump systems might deter adoption in some industries, particularly for smaller businesses or those with limited capital resources. 

Global Metering Pumps Market Opportunity

Rising Adoption of Industry 4.0 and Smart Manufacturing

Integrating industry 4.0 technologies such as IoT (Internet of Things), automation, and data analytics opens up new potential for the metering pumps market. Smart metering pump systems with sensors, connectivity features, and predictive maintenance capabilities allow for real-time monitoring, remote control, and proactive maintenance, which improves operational efficiency, reduces downtime, and optimizes resource use for users. 

Furthermore, smart metering pump systems have remote monitoring and control capabilities, allowing operators to view pump data, alter settings, and troubleshoot difficulties from any location with internet access. Cloud-based platforms and mobile applications offer user-friendly interfaces for monitoring pump performance, getting alarms, and scheduling maintenance activities. Remote monitoring and control improve operational efficiency, reduce response times, and allow for predictive maintenance tactics to maximize pump performance and minimize downtime.

In addition, smart manufacturing technologies, such as IoT, artificial intelligence (AI), machine learning (ML), and cloud computing, are increasingly being adopted across industries to improve operational efficiency, productivity, and competitiveness. According to a Deloitte poll, 86% of manufacturing executives believe smart manufacturing technologies are crucial to their company's future success. Smart metering pump solutions support this trend by providing improved automation, connection, and intelligence for dosing operations in manufacturing environments.

Regional Analysis

The global metering pumps market analysis is conducted in North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America.

Asia-Pacific Dominates the Global Market

Asia-Pacific is the most significant global metering pump market shareholder and is estimated to grow at a CAGR of 5.4% over the forecast period. In 2023, the Asia-Pacific region had the most significant revenue share at 41.4%. Rapid industrialization and urbanization, combined with the rising need for fluid handling and safe drinking water in various countries, including China and India, will likely drive market growth. Asia-Pacific's water and wastewater treatment, chemical, and food processing sectors are expanding rapidly as urbanization and per capita wealth rise. According to the National Bureau of Statistics, China will generate 55.44 million tons of nitrogen, phosphate, and potash fertilizer in 2021.

Furthermore, the India Brand Equity Foundation predicts that 2025 investments in the Indian chemicals and petrochemicals sector will surpass INR 8 lakh crore (USD 107.38 billion). In December 2021, chemical output was 903,002 MT, with petrochemical production totaling 1,877,907 MT. Large-scale chemical industry investments would boost the metering pump market growth. Furthermore, in April 2022, the Ministry of Ecology and Environment said China will increase sewage treatment in its vast rural areas to increase the rural life sewage treatment rate to 40% by 2025 from 28% in 2020.

As a result, government institutions, market entities, and villages will be encouraged to work together to attain the aim. The move was part of China's aim to accelerate rural revitalization. Such global and regional activities will create profitable potential for market expansion. Moreover, economies in the Asia-Pacific area are expected to thrive during the projection period as governments increase investments in the pharmaceutical, food, beverage, and water and wastewater treatment industries. The continued expansion of end-use sectors such as chemical and oil and gas exploration is expected to increase demand for fluid handling equipment, boosting market growth.

North America is anticipated to exhibit a CAGR of 4.8% over the forecast period. North America is expected to have a sizable share of the metering Pump market during the forecast period. The North American region, which comprises the United States and Canada, has traditionally accounted for a significant portion of the global metering pump industry. It features a flourishing industrial and manufacturing sector, strict water-treatment standards, and a growing emphasis on precision and efficiency in chemical dosing procedures. The North American region, particularly the United States and Canada, has strict regulations governing water quality and safety. Regulatory authorities such as the Environmental Protection Agency (EPA) in the United States and Health Canada establish stringent norms and requirements for drinking water treatment processes, requiring adherence to legislation such as the Safe Drinking Water Act.

In addition, metering pumps are crucial in attaining compliance by accurately dosing chemicals and additions to meet regulatory standards while ensuring water safety and portability. Ontario's drinking water is among the safest in the world. This government remains committed to preserving clean, safe drinking water and ensuring all Ontarians can access it. Year after year, Ontario's household drinking water systems function exceptionally well, demonstrating this dedication. The figures for 2022-23 reveal that 99.9% of more than 521,000 test results from municipal residential drinking water systems exceeded the province's strict drinking water quality standards.

Europe had the second-highest revenue share in 2023—metering pumps precisely dose fluids, particularly liquids, in various industrial processes. The established industrial sector in Europe is likely to fuel significant market growth. They are used in paint, coating, hydraulic systems, and chemical dosing. Pumps are predicted to become more prevalent in this region as demand for these procedures increases. 

The Middle East and Africa area is predicted to increase with the a high CAGR over the projection period, driven by high-growth industries such as oil and gas and water and wastewater treatment. The Middle East and Africa are key oil and gas-producing regions. Metering pumps are utilized during the crude oil transfer and refining processes. Furthermore, Middle Eastern governments have invested significantly in desalination systems that can produce potable water from salt water. Metering pumps are used for seawater intake, reverse osmosis, and brine discharge in water desalination. 

Segmental Analysis

The global metering pumps market is segmented based on Type and end-user.

The market is further segmented by type into Peristaltic Pumps, Diaphragm Pumps, and Piston/Plunger Pumps.

The diaphragm pump sector had the most revenue share of 50% in 2023 and is expected to increase at the quickest CAGR during the forecast period. Diaphragm pumps use a flexible diaphragm that travels back and forth to transport fluid through a chamber. The diaphragm's reciprocating action generates suction on one side and pressure on the other, allowing fine control over fluid flow. They are widely used in the chemical processing, water treatment, oil and gas sectors, and automotive and manufacturing applications that require dependability and endurance. 

Additionally, diaphragm pumps have the advantage of being able to handle a wide range of fluids, including viscous and abrasive liquids. Their adaptability, dependability, and capacity to handle complex fluids make them an excellent choice for water and wastewater treatment, pharmaceutical, and chemical processing applications. 

The piston/plunger pump segment is expected to increase at the second-highest CAGR over the projected period. It is a type of positive displacement pump that moves fluids by reciprocating the action of a piston within a cylinder. These pumps achieve precise and accurate flow rates since they can work within predetermined fixed stroke lengths. 

Furthermore, piston/plunger pumps are notable for their capacity to produce exceptionally high pressures. They are commonly employed in applications requiring extremely high pressure, such as high-pressure fluid flow within a hydraulic system and pressure testing. Furthermore, piston/plunger pumps are more effective at handling highly viscous fluids than other metering pumps. The piston design is less prone to wear and damage while pumping fluids with solid particles or high viscosity. Hence, it is used in the oil and gas extraction sectors for upstream exploration and production (ExoPE).

The market can be further bifurcated by end-users into Pharmaceutical, Water and Wastewater, Food and Beverage, Oil and Gas, and Chemical.

The water and wastewater segment had the highest revenue share of 25% in 2023. Metering pumps are used extensively in the water and wastewater treatment industry to provide correct chemical dosing throughout treatment procedures. Metering pumps administer chemicals such as disinfectants, coagulants, flocculants, and pH adjusters to filter and treat water for drinking, industrial processes, and environmental discharge. They play an important role in municipal water treatment plants, industrial facilities, and wastewater treatment plants by managing water quality parameters, enhancing treatment efficiency, and maintaining regulatory compliance.

Additionally, as urbanization and industrialization have increased, so has the demand for drinkable and pH-stable water supplies. Metering pumps are fundamentally utilized in water treatment operations to improve drinking water quality by precisely dosing the needed amount of chemicals. Demand for metering pumps is predicted to rise significantly during the forecast period due to increases in urbanization, population, and the food processing industry.

The chemical segment is expected to develop at the quickest CAGR throughout the projection period. Metering pumps are widely used in the chemical industry because they can handle various substances with varying pH levels. In the chemical sector, acidic fluids corrode internal pump parts. To address this issue, diaphragm pumps are utilized to limit the corrosive effects of acidic fluids on pump internal components. Furthermore, these pumps have fine control over fluid discharge rates and work consistently under various situations. 

Moreover, rising living standards and a burgeoning middle class in emerging nations drive demand for electronics, consumer goods, autos, and other products using chemicals and polymers. Chemical processing quality frequently involves chemical metering for accurate dosing, which can be improved by managing process variables such as discharge rates and fluid pressure. These process factors can be easily controlled when using metering pumps. As a result, in the chemical processing business, metering pumps are utilized to inject the catalyst and produce high-quality compounds precisely.

Recent Developments

• February 2024- Grundfos collaborated with Médecins Sans Frontières/Doctors Without Borders to offer safe water to persons needing emergency assistance.
• January 2024- Dover announced the acquisition of Transchem Group, a leading provider of car wash chemicals and water reclamation systems.
• January 2024- SPX FLOW launched a universal 2 ND Pump Series explicitly designed for the Industrial Market.