A major factor propelling the worldwide sales of metering pumps is the booming chemical industry in several countries. As metering pumps provide many advantages to the chemical industry such as handling corrosive chemicals, low maintenance costs, long service life, and high energy-efficiency, they are being increasingly used in various chemical processes. Due to this reason, the expansion of the chemical industry in the U.S., Europe, and China is positively impacting the demand for metering pumps.
This is subsequently causing the growth of the metering pump market. According to the forecast of the market research firm, P&S Intelligence, the value of the market will rise from $4.4 billion in 2019 to $6.8 billion by 2030. Furthermore, the market is expected to progress at a CAGR of 3.9% from 2020 to 2030 (forecast period). Piston and diaphragm are the most widely used types of metering pumps across the world.
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Between these, the demand for diaphragm pumps is predicted to rise sharply in the coming years, primarily because of their several beneficial traits such as their ability to handle abrasive, corrosive, and flammable liquids and pump liquids having high viscosities. Geographically, the sales of metering pumps were observed to be the highest in the Asia-Pacific (APAC) region in the past years, and this trend is predicted to continue in the forthcoming years as well.
This will be because of the soaring requirement for metering pumps at water treatment facilities. Additionally, the mushrooming population of regional countries such as Japan, India, Indonesia, and China, which are also some of the world’s most populous countries, is also fueling the demand for water treatment, which is, in turn, driving the expansion of the metering pump market in the region.
Hence, the growing demand for water treatment, on account of the surging population and rising industrialization rate, is expected to propel the sales of metering pumps in the coming years.
This is subsequently causing the growth of the metering pump market. According to the forecast of the market research firm, P&S Intelligence, the value of the market will rise from $4.4 billion in 2019 to $6.8 billion by 2030. Furthermore, the market is expected to progress at a CAGR of 3.9% from 2020 to 2030 (forecast period). Piston and diaphragm are the most widely used types of metering pumps across the world.
Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/metering-pump-market/report-sample
Between these, the demand for diaphragm pumps is predicted to rise sharply in the coming years, primarily because of their several beneficial traits such as their ability to handle abrasive, corrosive, and flammable liquids and pump liquids having high viscosities. Geographically, the sales of metering pumps were observed to be the highest in the Asia-Pacific (APAC) region in the past years, and this trend is predicted to continue in the forthcoming years as well.
This will be because of the soaring requirement for metering pumps at water treatment facilities. Additionally, the mushrooming population of regional countries such as Japan, India, Indonesia, and China, which are also some of the world’s most populous countries, is also fueling the demand for water treatment, which is, in turn, driving the expansion of the metering pump market in the region.
Hence, the growing demand for water treatment, on account of the surging population and rising industrialization rate, is expected to propel the sales of metering pumps in the coming years.
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