Market Trends of Hydraulic Dosing Pump Industry
This section covers the major market trends shaping the Hydraulic Dosing Pump Market according to our research experts:
Water and Sewage Treatment Sector to Dominate the Market
- A hydraulic dosing pump is a positive displacement pump which assists in transporting exact flow rates of different fluids and chemicals into another fluid stream.
- Hydraulic dosing pumps are used in water and sewage treatment for multiple purposes. Operations like pH maintenance of boiler water, protection against corrosion, and precipitation are performed using hydraulic dosing pumps.
- On January 29,2020, the Pennsylvania Infrastructure Investment Authority approved USD 119 million for water and wastewater projects. With this, significant growth in wastewater treatment and demand for dosing pumps is anticipated in the forecast period.
- In Germany, which has the largest capacity of wastewater in Europe, with more than 3000 treatment plants by 2020, has an extensive usage of hydraulic dosage pumps and driving the market for the pumps considerably.
- The United States has shown a robust increase in the expenditure on water and sewage treatment facilities and utilities. With an investment of USD 4,745 million in 2018, the market is driving the demand for dosing pumps significantly.
- Water scarcity and water pollution are some of the major issues that are likely to boost the demand for wastewater treatment and, in turn, drive the demand for hydraulic dosing pumps.
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Asia-Pacific to Dominate the Market
- Asia-Pacific is expected to dominate the market for hydraulic dosing pumps, due to expected growth in chemical, water treatment, and petrochemicals during the forecast period.
- With upcoming oil refineries like the Jieyang refinery in China and increasing oil refining capacity of China and India with a collective capacity of more than 20,000 thousand barrels per day, considerable market demand for hydraulic dosing pumps is expected in the forecast period.
- In May 2019, Delhi Jal Board approved setting up of one of the largest sewage treatment plant with the capacity to treat 124 million gallons per day. The plant is expected to witness the significant application of dosing pumps in the forecast period.
- In Beijing, the government is aiming to invest in wastewater treatment and sewer networks to achieve 100% domestic and industrial wastewater treatment. This is going to increase the demand for hydraulic dosing pumps significantly in the forecast period.
- With the rapid growth in the sewage and water treatment, refining, and food processing industries, Asia-Pacific is expected to dominate the market of hydraulic dosing pumps in the forecast period.
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