Chemical Injection Metering Pumps And Valves Market Size

Statistics for the 2023 & 2024 Chemical Injection Metering Pumps And Valves market size, created by Mordor Intelligenceā„¢ Industry Reports. Chemical Injection Metering Pumps And Valves size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Chemical Injection Metering Pumps And Valves Industry

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Chemical Injection Metering Pumps And Valves Market Summary
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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

Chemical Injection Metering Pumps And Valves Market 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.

Chemical Injection Metering Pumps and Valves Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)