Market Size of Chemical Injection Metering Pumps And Valves Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 4.57 Billion |
Market Size (2029) | USD 5.25 Billion |
CAGR (2024 - 2029) | 2.79 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Chemical Injection Metering Pumps & Valves Market Analysis
The Chemical Injection Metering Pumps And Valves Market size is estimated at USD 4.57 billion in 2024, and is expected to reach USD 5.25 billion by 2029, growing at a CAGR of 2.79% during the forecast period (2024-2029).
Due to the COVID-19 outbreak, nationwide lockdowns worldwide, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market in 2020. However, the conditions started recovering in 2021, restoring the market's growth trajectory.
- One of the major factors driving the market study is the accelerating demand for wastewater treatment applications.
- However, high maintenance and replacement costs in some applications are expected to hinder the market's growth.
- The energy, power, and chemicals industry dominated the market and is expected to grow during the forecast period. The water and wastewater treatment industry is expected to register the highest CAGR in the coming years.
- Asia-Pacific dominated the market, followed by North America and Europe, with the largest consumption from countries such as China, Japan, and India.
- Growing demand from the pharmaceutical industry will likely act as an opportunity in the future.