Worldwide Chemical Injection Pump Market Future Trends and Growth Curve to 2022
The global chemical injection pump market is expected to witness a substantial growth in the next five years on account of growing demand for waste water management and rising need for automation to enhance the overall efficiency. A chemical injection pump is a displacement device which varies its capacity automatically or manually as per the need of the conditions. Its mechanism has a high level of accuracy with the use of broad range of chemicals on the repetitive basis.
According to the research report “Global Chemical Injection Pump Market Research Report- Industry Analysis, Size, Share, Growth, Trends And Forecast
” added by DecisionDatabases.com the rising government initiatives to promote precise products, high growth application, and energy efficient application areas are expected to drive the market in the near future. Increasing application scope in food & beverage industry is further anticipated to open new growth avenues over the coming years. Growing demand for eco- friendly waste-water disposal especially in oil & gas industries and increasing investment in up gradation of infrastructure will aid in the growth of the market. However, stringent government regulations regarding the environment are one of the major restraints, which may hinder market growth in the forthcoming years.
The global market has been segmented on the basis of a number of injection point into single chemical injection pump and multi-chemical injection pump. The market has been further segmented based on product types into hydraulically actuated chemical injection pump, air/ gas-driven chemical injection pump, electric/ engine driven chemical injection pump and power impeller chemical injection pumps. Furthermore, the market has been segmented based on application and end-use industry. Food & beverages is the major application segment and is projected to witness a double-digit growth during the forecast period on account of increasing demand for accurate, highly precise and hygienic operations in the processing.
Water treatment is a leading application segment and is estimated to grow at the highest CAGR over the coming years due to increasing demand for eco-friendly disposal method along with increasing investment in the expansion of infrastructure across the globe.
Asia-Pacific is the largest market for these pumps and is expected to grow at a significant rate over the forecast period owing to the growing end-use industries and high growth market in China and India. In addition, availability of reasonably low-cost raw materials supplemented by high foreign & domestic investment is driving the growth in the region.
Metering pumps are usually diaphragm, and plunger or piston types. Diaphragm type metering pumps occupy maximum market share due to the high accuracy and less maintenance offered by these pumps. Metering pumps are also used in various industries such as oil & gas, chemical processes, pharmaceuticals, pulp & paper, etc. Metering pumps which can efficiently handle the corrosive fluids and maintain hygiene are highly demanding products.The key industry players include Grosvenor Pumps Ltd., Lewa Gmbh, Sidewinder Pumps, Inc., Neptune Chemical Pump Company Inc., Milton Roy, SEKO S.p.A., Mcfarland-Tritan LLC. The global players are mainly focusing on a new product launch, high investment in R&D in order to develop improved and new products, to increase their revenue and market share.
In Aug 2015, Graco Inc. has introduced a novel line of chemical injection equipment for the upstream and midstream sectors of Oil & Natural Gas market.
In June 2016, WellAware has launched integrated radio and controller for chemical management and chemical monitoring solutions, partners with TXAM.
Other Related Reports
Global Industrial Fasteners Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2021
Global Agriculture Equipment Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014– 2021
DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics. DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.
Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors. We provide intellectual, precise and meaningful data at a lightning speed.
For more details:
E-Mail: [email protected]
Phone: +91 99 28 237112