Global Metering Pumps Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Market Overview

The Global Metering Pumps Market is expected to register a CAGR of 4.5% during the forecast period (2022-2027). Rapid industrialization, coupled with the increasing requirement for wastewater treatment from refining and pharmaceutical industries, is among the pivotal factors driving the growth of the studied market.

• Chemicals, having various properties and characteristics, find applications in almost all industries. However, if used without adequate control, chemicals (often procured and stored in high concentrations) can cause harm to people and the environment. Hence, it is important to ensure that chemicals are precisely dispersed in the manufacturing process. The chemical processing and petrochemical industries are witnessing increased employment of metering pumps for injection of solvents, acids, etc.
• In March 2022, Saudi Crown Prince Mohammed bin Salman (MBS) cemented a USD 10 billion deal for a refining and petrochemical complex in China. Further, the kingdom pledged an investment of USD 20 billion in Pakistan and sought to make additional investments in India's refining industry. Such investments would boost the growth of the studied market in the Asia Pacific region.
• The United Nations (UN) estimates that 2.2 billion people lack access to clean drinking water and that annual water use is rising by 1%. Additionally, it is predicted that more than 80% of wastewater is released into the environment untreated. The manufacturing sector currently utilizes 19 % of fresh water, and by 2050, that percentage is expected to rise to 24 %, according to the UN World Water Development Report. The pressing requirement for treated, clean water is being accelerated by the increasing global population and expanding manufacturing sector. These factors encourage the employment of metering pumps for desalination, wastewater and sewage treatments, etc.
• Further, several companies are innovating comprehensive products to cater to the industrial and manufacturing sectors. For instance, in June 2022, blue-white introduced FLEXFLO A5 high-volume peristaltic metering pump for industrial applications. It is a fully enclosed and easily configurable pump that does not require external control devices to operate. It features a large 5″ display for easy viewing with simple and intuitive touchscreen controls and icon-driven menu navigation. The A5 remote control signal options include Pulse, 4-20mA, Modbus TCP, EtherNet/IP, and PROFIBUS for enhanced supervision and automation for critical metering and transfer applications.
• However, the market for metering pumps was harshly impacted by the COVID-19 pandemic and supply-demand imbalance. Due to the pandemic, there has been a drop in refinery throughput, a halt in manufacturing, disruption of the supply chain, and the postponement of expansion projects worldwide, which has resulted in a decrease in demand for metering pumps.

Scope of the Report

Metering pumps and dosing pumps are designed to dispense specific amounts of fluid and measure flow control. They use expanding and contracting chambers to move the liquids. They have a high accuracy over time and can pump many liquids, including corrosives, acids, bases, slurries, and viscous liquids.

The Global Metering Pumps Market is Segmented by Type (Diaphragm, Piston/Plunger), End-User (Oil & Gas, Water Treatment, Chemical Processing, Pharmaceuticals, Food & Beverage), and Geography.

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Key Market Trends

Water Treatment Segment is Expected to Drive the Market's Growth

• The entire process in a wastewater plant needs a dosing/metering pump for various functions like coagulation, flocculation, disinfection, etc. One of the main reasons for using metering pumps for these processes is their flexibility in allowing easy setting of the required rate at which the liquids are injected or discharged.
• Metering pumps are often used in water treatment to feed chemical additives into the water to enhance water quality. The additives applied range from scale inhibitors to redox agents to non-oxidizing biocides. Chemical dosing systems for water treatment plants can handle various fluids, chemicals, and viscous and corrosive materials.
• In March 2021, at a high-level meeting on the “Implementation of the Water-related Goals and Targets of the 2030 Agenda”, UN Member States noted that achieving SDG (Sustainable Development Goals) 6 by 2030 would require mobilizing an additional USD 1.7 trillion investment in water-related infrastructure. To make this happen, Member States are calling for new partnerships between governments and a diverse group of stakeholders, including the private sector and philanthropic organizations, and the wide dissemination of innovative technology and methods.
• Further, in April 2022, the Ministry of Ecology and Environment announced that China would improve sewage treatment in its vast rural areas, with the aim of the rural life sewage treatment rate reaching 40% in 2025 from 28% in 2020. Therefore, government organizations, market entities, and villagers would be encouraged to join hands to achieve the goal. The move was a part of China's efforts to push forward rural vitalization. Such initiatives at a global and regional level would offer lucrative opportunities for the growth of the studied market.
• The main reasons behind high pollution levels in several rivers are the untapped wastewater from unauthorized colonies and poor quality of treated wastewater discharged from wastewater treatment plants (WWTPs). Various nations are launching numerous initiatives to tackle this problem. For instance, in March 2022, a review meeting of the National Mission for Clean Ganga (NMCG) along with the Delhi Jal Board, chaired by Chief Minister Arvind Kejriwal, Chief Minister of Delhi, reported the details of a new water treatment plant to rejuvenate the river Yamuna, with a capacity pump out 564 million liters of treated water daily.

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