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Market Overview
The market for chemical injection metering pumps & valves is expected to grow at a CAGR of 3.83% during the forecast period of 2019 – 2024. Major factors driving the market studied are growing chemical industry and accelerating demand from wastewater treatment applications. However, the maturing markets in developed economies of Europe and North America are3 expected to hinder the growth of the market studied.
- Energy, Power & Chemicals industry dominated the market in 2018 and is expected to continue to grow during the forecast period. Water & Wastewater treatment industry is expected to grow at the highest CAGR in the coming years.
- Growing demand from the pharmaceutical industry is likely to act as an opportunity in the future.
- Europe dominated the market followed by North America and Asia-Pacific across the globe with the largest consumption from the countries such as Germany, the United States, China, Japan, and Russia among others.
Key Market Trends
Accelerating Demand from Wastewater Treatment Applications
- The water & water recycling industry primarily covers water treatment, ETP (Effluent Treatment Plant), STP (Sewage Treatment Plant), and water recycling.
- Chemical injection metering pumps & valve systems are witnessing an increasing demand from the water treatment industry. In the water treatment industry, these chemical injection metering pumps & valves are designed to function under a variety of harsh conditions.
- Among the more demanding environments are the municipal potable water and wastewater treatment plant. Municipal water treatment plant applications require long-term, trouble-free operations with pumps and other equipment that can essentially function non-stop from the moment they are installed.
- A large variety of chemicals are used in water processing, which presents a number of application requirements. These chemicals include sodium hypochlorite, sulfuric acid, polymers, ferric chloride, sodium bisulfite, lime, alum, potassium permanganate, and ammonia. Depending on the type of chemical used, proper pumps & valves must be selected.
- In addition to corrosion resistance, chemical injection metering pumps are designed to avoid plugging, which occurs as a result of slurries or the viscosities of some chemicals used in water treatment plants. The high degree of automation in water and wastewater treatment plants requires attention to the control of chemical feed rates in response to changes in flow or other water quality variables. Thus, the selection and installation of chemical injection metering pumps & valves should be preceded by a thorough investigation of all operating environment variables.
- The growth of water & water recycling plants is driven by growing population, urbanization, improving manufacturing activity, and the rising oil & gas production, among others. Thus, such factors are effectively driving the chemical injection metering pumps & valves market in water treatment applications.
Asia-Pacific to Witness High Growth
Asia-Pacific region witnessed high growth in the demand for chemical injection metering pumps & valves in 2018. China alone accounts for about 35% of the market in the Asia-Pacific region. The consumption of metering pumps & valves is high in oil & gas, the downstream production has increased in China. The country has 635 million metric tons (MMT) of oil reserves and 54 trillion cubic feet of natural gas reserves and around 96 trillion cubic feet shale gas reserves. Currently, it is focusing on increasing domestic production, which is expected to augment the consumption of chemical injection metering pumps & valves. It is also the largest consumer of energy globally. Currently, in the region, there is a significant growth going in various end-user industries especially pharmaceutical, food & beverages, and water & wastewater treatment among others. The aforementioned factors are expected to contribute to the growth in demand for chemical injection metering pumps & valves’ sales in the region during the forecast period.
Competitive Landscape
The global chemical injection metering pumps & valves market market is highly fragmented with top 5 players accounting for an insignificant share of the market. The major companies include Idex Corporation, SPX Flow, Lewa GmbH, SkoFlo Industries Inc., and Seko SpA.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
The market for chemical injection metering pumps & valves is expected to grow at a CAGR of 3.83% during the forecast period of 2019 – 2024. Major factors driving the market studied are growing chemical industry and accelerating demand from wastewater treatment applications. However, the maturing markets in developed economies of Europe and North America are3 expected to hinder the growth of the market studied.
- Energy, Power & Chemicals industry dominated the market in 2018 and is expected to continue to grow during the forecast period. Water & Wastewater treatment industry is expected to grow at the highest CAGR in the coming years.
- Growing demand from the pharmaceutical industry is likely to act as an opportunity in the future.
- Europe dominated the market followed by North America and Asia-Pacific across the globe with the largest consumption from the countries such as Germany, the United States, China, Japan, and Russia among others.
Key Market Trends
Accelerating Demand from Wastewater Treatment Applications
- The water & water recycling industry primarily covers water treatment, ETP (Effluent Treatment Plant), STP (Sewage Treatment Plant), and water recycling.
- Chemical injection metering pumps & valve systems are witnessing an increasing demand from the water treatment industry. In the water treatment industry, these chemical injection metering pumps & valves are designed to function under a variety of harsh conditions.
- Among the more demanding environments are the municipal potable water and wastewater treatment plant. Municipal water treatment plant applications require long-term, trouble-free operations with pumps and other equipment that can essentially function non-stop from the moment they are installed.
- A large variety of chemicals are used in water processing, which presents a number of application requirements. These chemicals include sodium hypochlorite, sulfuric acid, polymers, ferric chloride, sodium bisulfite, lime, alum, potassium permanganate, and ammonia. Depending on the type of chemical used, proper pumps & valves must be selected.
- In addition to corrosion resistance, chemical injection metering pumps are designed to avoid plugging, which occurs as a result of slurries or the viscosities of some chemicals used in water treatment plants. The high degree of automation in water and wastewater treatment plants requires attention to the control of chemical feed rates in response to changes in flow or other water quality variables. Thus, the selection and installation of chemical injection metering pumps & valves should be preceded by a thorough investigation of all operating environment variables.
- The growth of water & water recycling plants is driven by growing population, urbanization, improving manufacturing activity, and the rising oil & gas production, among others. Thus, such factors are effectively driving the chemical injection metering pumps & valves market in water treatment applications.
Asia-Pacific to Witness High Growth
Asia-Pacific region witnessed high growth in the demand for chemical injection metering pumps & valves in 2018. China alone accounts for about 35% of the market in the Asia-Pacific region. The consumption of metering pumps & valves is high in oil & gas, the downstream production has increased in China. The country has 635 million metric tons (MMT) of oil reserves and 54 trillion cubic feet of natural gas reserves and around 96 trillion cubic feet shale gas reserves. Currently, it is focusing on increasing domestic production, which is expected to augment the consumption of chemical injection metering pumps & valves. It is also the largest consumer of energy globally. Currently, in the region, there is a significant growth going in various end-user industries especially pharmaceutical, food & beverages, and water & wastewater treatment among others. The aforementioned factors are expected to contribute to the growth in demand for chemical injection metering pumps & valves’ sales in the region during the forecast period.
Competitive Landscape
The global chemical injection metering pumps & valves market market is highly fragmented with top 5 players accounting for an insignificant share of the market. The major companies include Idex Corporation, SPX Flow, Lewa GmbH, SkoFlo Industries Inc., and Seko SpA.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
