In 2018, the global metering pump market generated a revenue of $4.2 billion and is projected to witness a 6.0% CAGR during the forecast period (2019–2024). The market is growing due to the rising demand from the oil & gas industry, strict government regulations regarding water treatment, and growing demand from the chemical industry.

A metering pump is utilized for moving precise volumes of fluids (chemicals, solutions, and water) in a specified period of time and at an adjustable volumetric flow rate.

When type is taken into consideration, the metering pump market is divided into piston, diaphragm, and others (which include peristaltic pumps and syringe pumps). Out of these, the largest share of the market was occupied by diaphragm pumps during the historical period (2014–2018), both in terms of value and volume.

The division is further bifurcated into metallic and polytetrafluoroethylene (PTFE). The category of PTFE is predicted to hold the larger share of the market and grow at the faster pace during the forecast period, as PTFE pumps are cheaper than metallic pumps.

On the basis of end user, the metering pump market is categorized into petrochemicals, chemical processing, pharmaceuticals, pulp & paper, water treatment, oil & gas, food & beverage, and others (which include mining, construction, textiles, and agriculture).

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Among these, the water treatment category accounted for the major share of the market during the historical period and is further predicted to retain its position during the forecast period. Metering pumps are utilized in wastewater treatment and municipal drinking water treatment applications for making water suitable for disposal or reuse.

Metering Pump Market Segmentation

Market Segmentation by Type

• Diaphragm
  • Metallic
  •  Polytetrafluoroethylene (PTFE)
• Piston
• Others (Syringe Pumps and Peristaltic Pumps)

Market Segmentation by End User

• Water Treatment
• Petrochemicals
• Oil & Gas
  • Onshore
  • Offshore
• Chemical Processing
• Pharmaceuticals
• Food & Beverage
• Pulp and Paper
• Others (Agriculture, Construction, Textiles, and Mining)

From $4.2 billion in 2018, the metering pump market is projected to reach $5.6 billion by 2024, advancing at a 6.0% CAGR during the forecast period (2019–2024). Strict government regulations for water treatment and the increasing demand for metering pumps from the oil & gas and chemicals sectors are driving the market.

Metering pumps are devised to move fluids, such as chemicals, water, and solutions, in a precise volume in a specified time at flow rates that are adjustable.

The metering pump market is observing a high demand for energy-efficient devices. Many industries conduct heavy pumping activities, which result in an increased energy consumption. This contributes heavily in raising the operational costs, to counter which the demand for energy-efficient metering pumps is witnessing a rise.

These pumps help reduce the maintenance requirements and energy costs, improve the operational efficiency, and enhance the overall productivity. Therefore, manufacturers are producing energy-efficient pumps, for instance, the IX series launched in 2017 by Walchem. It consists of digitally controlled direct-drive diaphragm pumps equipped with energy saving characteristics.

The rising demand for such devices from the oil & gas industry is contributing to the growth of metering pump market globally . The requirement for metering pumps in the industry is due to their application in the extraction of natural gas & oil as well as in midstream processes, where the dosing of corrosion inhibitors is carried out.

The increase in crude oil extraction activities by nations such as Russia, Iraq, the U.S., and Saudi Arabia is driving the demand for metering pumps. Among these, in 2018, the largest amount of crude oil was produced in the U.S.