The global Metering Pump market size is expected to reach USD 10.37 billion by 2032, according to a new study by Polaris Market Research. The report “Metering Pump Market Share, Size, Trends, Industry Analysis Report, By Type (Piston/Plunger Pumps, Peristaltic Pumps, Diaphragm Pumps, Others); By End-Use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
A metering pump is a precise device that delivers fluids consistently and accurately in predetermined quantities. Its operation involves displacing a specific volume of liquid with each stroke or rotation, ensuring a controlled and reliable flow rate. Known for handling a broad range of viscosities, from thin chemicals to highly viscous fluids, the metering pump is valued for its enhanced repeatability and durability. Due to its suitability for applications requiring precise dosing or proportional chemical mixing, the demand for metering pumps is on the rise globally.
The market is experiencing robust growth owing to the escalating number of oil and gas exploration and production activities. These pumps play a crucial role in the oil and gas sector, being utilized for diverse applications like injecting chemicals into drilling operations, improving oil recovery, and managing corrosion in pipelines and refineries. Metering pumps are essential for achieving accurate dosing of chemicals and optimizing these critical processes. The market is further propelled by the increasing adoption of metering pumps, fueled by the growing demand for energy. Additionally, heightened awareness about the significance of precise chemical injection is fostering the expansion of the market.
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The rising demand for tailor-made chemicals designed to meet specific requirements across diverse sectors is propelling market expansion. These chemicals span a range from high-performance additives and coatings to distinctive pharmaceutical intermediates, serving industries such as electronics, automotive, and healthcare. In this scenario, metering pumps play a pivotal role by facilitating accurate dosing of various chemicals throughout production processes. They guarantee precise and consistent dosing of colorants, catalysts, or reactive agents, crucial for upholding product quality and minimizing waste. Additionally, the increasing requirement for specialty chemicals in the personal care and cosmetic sector, with a focus on creating innovative and top-quality products, contributes positively to the market outlook.
Metering Pump Market Report Highlights
Polaris Market Research has segmented the Metering Pump market report based on type, end-use, and region:
Metering Pump, Type Outlook (Revenue - USD Billion, 2019 - 2032)
Metering Pump, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)
Metering Pump, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2024 |
USD 7.39 billion |
Revenue forecast in 2032 |
USD 10.37 billion |
CAGR |
4.8% from 2024 – 2032 |
Base year |
2023 |
Historical data |
2019 – 2022 |
Forecast period |
2024 – 2032 |
Quantitative units |
Revenue in USD million/billion and CAGR from 2024 to 2032 |
Segments Covered |
By Type, By End-Use, By Region |
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
For Specific Research Requirements |