Chemical Injection Metering Pumps & Valves Market Size
| Study Period | 2018 - 2028 |
| Market Size (2023) | USD 4.45 Billion |
| Market Size (2028) | USD 5.11 Billion |
| CAGR (2023 - 2028) | 2.79 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Chemical Injection Metering Pumps & Valves Market Analysis
The Chemical Injection Metering Pumps & Valves Market size is expected to grow from USD 4.45 billion in 2023 to USD 5.11 billion by 2028, at a CAGR of 2.79% during the forecast period (2023-2028).
Due to the COVID-19 outbreak, nationwide lockdowns worldwide, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market in 2020. However, the conditions started recovering in 2021, restoring the market's growth trajectory.
- One of the major factors driving the market study is the accelerating demand for wastewater treatment applications.
- However, high maintenance and replacement costs in some applications are expected to hinder the market's growth.
- The energy, power, and chemicals industry dominated the market and is expected to grow during the forecast period. The water and wastewater treatment industry is expected to register the highest CAGR in the coming years.
- Asia-Pacific dominated the market, followed by North America and Europe, with the largest consumption from countries such as China, Japan, and India.
- Growing demand from the pharmaceutical industry will likely act as an opportunity in the future.
Chemical Injection Metering Pumps & Valves Market Trends
This section covers the major market trends shaping the Chemical Injection Metering Pumps & Valves Market according to our research experts:
Energy, Power, and Chemicals to Dominate the Market
- Energy, Power and Chemicals is one of the major end-user segment in injection metering pumps and valves market. Even pulp and paper industry is considered in this segment.
- The chemical industry consists of the synthesis of finished or intermediate products. In chemical processing, metering pumps and valves help in handling various toxic chemicals at different temperature and pressure situations.
- Chemical injection systems also find a major use in power generation. There are chemicals, such as ferric sulphate and sulphuric acid, which are needed in precise measurements for transformation of water into ultra-pure water for the boilers.
- Most petrochemical facilities use generated heat to run boilers to meet the requirements of site power.
- Power industries, such as thermal and nuclear plants, often requires chemicals for the feed water to be injected into the boiler system.
- The growth in the energy, power, and chemicals sectors with increasing investments is likely to drive the demand in the market studied during the forecast period.
Asia-Pacific to Witness High Growth
- Asia-Pacific region witnessed high growth in the demand for chemical injection metering pumps and valves. China alone accounts for about 35% of the market in the Asia-Pacific region.
- The consumption of metering pumps and valves is high in oil and gas, the downstream production has increased in the country, which has also increased the production capacities of petrochemicals therefore, it will augment the consumption of chemical injection metering pumps and valves in the country.
- The other end-user industry that is prominent in China is the chemical plants, many big companies in the market have their chemical plants in China and they have even increased their production capacities, which will increase the consumption of chemical injection metering pumps and valves. The other major industry is water treatment facility in the country, which is used in different industries.
- Waste water treatment is mainly because of the coal, steel and iron industries which require fresh water for the day to day activities. North China has approximately 90% of country’s coal based industries.
- Chinese government has enacted regulations on water use and water discharge to improve the region’s precious water resource. Recently, the government has tighten the rules for coal and chemical plants in North China, which require zero-liquid discharge (ZLD).
- China’s food and beverage industry is enormous and plays a important role in the country’s economy. The food and beverages industry is expected to continue the grow because of increasing middle class population number with more purchase power, as well as growing attention on the food safety and food quality.
- The growth in the above-mentioned various end-user industries in the forecast period is expected to boost the demand for chemical injection metering pumps and valves in the country.
- The COVID-19 has presented a problematic situation for chemical injection metering pumps and valves in the country. However, the condition is better now, which concreted the probability of market recovery over the forecast period.
Chemical Injection Metering Pumps & Valves Industry Overview
The global chemical injection metering pumps and valves market market is highly fragmented with top 5 players accounting for a very small share of the market. The major companies include Idex Corporation, SPX Flow, Lewa GmbH, SkoFlo Industries Inc., and Seko SpA, among others.
Chemical Injection Metering Pumps & Valves Market Leaders
Idex Corporation
SPX Flow
LEWA GmbH
SkoFlo Industries Inc.
Seko SpA
*Disclaimer: Major Players sorted in no particular order
Chemical Injection Metering Pumps & Valves Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Accelerating Demand from Wastewater Treatment Applications
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4.1.2 Robust Operational Procedures for Regulating Environmental Concerns
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4.1.3 Other Drivers
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4.2 Restraints
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4.2.1 High Maintenance and Replacement Costs in Some Applications
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4.2.2 Impact of COVID-19 Pandemic
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4.3 Industry Value-Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Pump Type
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5.1.1 Diaphragm
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5.1.2 Piston/Plunger
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5.1.3 Other Pump Types
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5.2 End-user Industry
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5.2.1 Energy, Power, and Chemicals
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5.2.2 Oil and Gas
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5.2.3 Water and Wastewater Treatment
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5.2.4 Food and Beverage
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5.2.5 Pharmaceutical
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 ASEAN Countries
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5.3.1.6 Australia and New Zealand
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5.3.1.7 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 Italy
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5.3.3.4 France
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5.3.3.5 Russia
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5.3.3.6 Spain
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5.3.3.7 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Ranking Analysis
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Cameron (Schlumberger)
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6.4.2 Hunting PLC
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6.4.3 Idex Corporation
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6.4.4 ITC Dosing Pumps
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6.4.5 Lewa GmbH
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6.4.6 McFarland-Tritan LLC
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6.4.7 Milton Roy
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6.4.8 ProMinent
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6.4.9 Seepex GmbH
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6.4.10 Seko SpA
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6.4.11 SkoFlo Industries Inc.
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6.4.12 SPX FLOW Inc.
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6.4.13 Swelore Engineering Pvt Ltd
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Growing Demand in the Pharmaceutical Industry
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7.2 Development of Technologically Advanced Chemical Injection Systems
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Chemical Injection Metering Pumps & Valves Industry Segmentation
The chemical injection metering pumps and valves market report includes:
| Pump Type | |
| Diaphragm | |
| Piston/Plunger | |
| Other Pump Types |
| End-user Industry | |
| Energy, Power, and Chemicals | |
| Oil and Gas | |
| Water and Wastewater Treatment | |
| Food and Beverage | |
| Pharmaceutical |
| Geography | |||||||||
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Chemical Injection Metering Pumps & Valves Market Research FAQs
How big is the Chemical Injection Metering Pumps and Valves Market?
The Chemical Injection Metering Pumps and Valves Market size is expected to reach USD 4.45 billion in 2023 and grow at a CAGR of 2.79% to reach USD 5.11 billion by 2028.
What is the current Chemical Injection Metering Pumps and Valves Market size?
In 2023, the Chemical Injection Metering Pumps and Valves Market size is expected to reach USD 4.45 billion.
Who are the key players in Chemical Injection Metering Pumps and Valves Market?
Idex Corporation, SPX Flow, LEWA GmbH, SkoFlo Industries Inc. and Seko SpA are the major companies operating in the Chemical Injection Metering Pumps and Valves Market.
Which is the fastest growing region in Chemical Injection Metering Pumps and Valves Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2022-2028).
Which region has the biggest share in Chemical Injection Metering Pumps and Valves Market?
In 2022, the Europe accounts for the largest market share in Chemical Injection Metering Pumps and Valves Market.
Chemical Injection Metering Pumps and Valves Industry Report
Statistics for the 2023 Chemical Injection Metering Pumps and Valves market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Chemical Injection Metering Pumps and Valves analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
