Skip to main content

How Is Oil And Gas Sector Supporting Metering Pump Market Growth?

In addition, the growing chemical industry will also supplement the metering pump market growth in the foreseeable future. The advantages of metering pumps such as high energy efficiency, excellent resistance to corrosive chemicals, long service life, and low maintenance costs have resulted in the widescale adoption of these devices in chemical manufacturing facilities. The expansion of the chemical sector in China, the U.S., and Europe is positively impacting the market growth.

Depending on type, the metering pump market is divided into diaphragm and piston. Of these, the diaphragm category witnessed the faster growth till 2019, and this trend is expected to continue throughout the forecast period. This can be attributed to the ability of diaphragms to handle flammable, corrosive, and abrasive liquids and pump highly viscous liquids. Moreover, the energy efficiency and low operational costs of diaphragm pumps also contribute to the growth of this category. On account of these factors, the category is also expected to hold the larger market share during the forecast period.


According to P&S Intelligence, Asia-Pacific (APAC) accounted for the largest share in the metering pump market during the historical period (2014–2019). In the regional market, India and China held the prominent share due to the burgeoning demand for freshwater, owing to the booming population and expanding manufacturing sector in these countries. Moreover, the region is also expected to witness the fastest growth during the forecast period, due to the establishment of new manufacturing units in the chemical processing, oil and gas, and pharmaceutical sectors.

Thus, the flourishing chemical industry, rising government regulations regarding water treatment, and burgeoning demand for metering pumps in the oil and gas industry will propel the market growth in the coming years.

Comments

Post a Comment

Popular posts from this blog

Why is Demand for Ambient Lighting Surging in Asia-Pacific?

The surging adoption of LED lights in the industrial sector is credited to their high energy efficiency and excellent design structure. Additionally, the large-scale installation of LED lights in the residential sector is broadening the scope for greater efficiency and advanced designs. Luminaires and lamps, and lighting controls are the two most widely used types of ambient lighting solutions. Between these, the demand for luminaires and lamps was found to be higher in the world during the last few years. This was because luminaires and lamps are integral components of ambient lighting solutions. Furthermore, with the rising demand for greater energy efficiency, the adoption of LED lamps and luminaires is predicted to soar sharply in the forthcoming years.  Geographically, the demand for ambient lighting solutions was observed to be the highest in the Asia-Pacific (APAC) region in the years gone by and this trend will continue in the upcoming years as well. This is attributed to ...
Post a Comment
Read more

Why Are Air Compressor Sales Rising in APAC Manufacturing Sector?

Among the top manufacturing nations in the world are China, Japan, India, and South Korea. Their booming population and export volume are leading to a continuous increase in industrial production. New manufacturing clusters are being set up, and a huge volume and variety of production equipment is being procured in order to fulfill the rising demand for all things imaginable.  One of the key pieces of equipment used at factories is an air compressor, often as part of larger machines that operate on pneumatics (air pressure). Therefore, as per P&S Intelligence, with the burgeoning industrial production, the value of the APAC air compressor market will increase to $15.2 billion by 2024 from $11.8 billion in 2018, at a 4.1% CAGR during 2019–2024 (forecast period).  Some of the common industrial machines that work on pneumatics, therefore require air compressors, are rock drills, riveters, pavement breakers, paint sprayers, forging presses, blast cleaners, nail guns, and atom...
Post a Comment
Read more

Robotic Process Automation Market Drivers, Restraints, Opportunities, and Trends in Coming Years

Robotic process automation solutions allow businesses to create virtual workforce, which can work on routine and mundane tasks with high efficiency, thereby eliminating the requirement for manual intervention. These solutions offer scalability and reduce operational cost by over 50%, as the virtual workforce can work round the clock. As the RPA systems can work continuously, they offer enhanced customer satisfaction. With the growing complexities in operations, enterprises across the world are adopting automated solutions, interaction solutions, and decision support and management solutions to automate repetitive and mundane tasks. Apart from this, RPA software also helps in mechanizing back-end processes because it can run in the background 24*7. This, in turn, allows human employees to concentrate on more important tasks, such as product development or client handling. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/robotic-process-automation-ma...
Post a Comment
Read more