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Pipe Coatings Market worth $9 4 billion by 2026 - Exclusive Report by MarketsandMarkets™
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Pipe Coatings Market worth $9 4 billion by 2026 - Exclusive Report by MarketsandMarkets
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Metering Pumps Market worth $7.9 billion by 2026 - Exclusive Report by MarketsandMarkets Metering Pumps Market
by Type (Diaphragm, Piston/Plunger), End-Use Industry (Water Treatment, Petrochemicals, Oil & Gas, Chemical Processing, Pharmaceuticals, Food & Beverages, Textile, Automotive, Pulp & Paper), and Region - Global Forecast to 2026 , published by MarketsandMarkets, the global Metering Pumps Market size is projected to grow from USD 6.1 billion in 2020 to USD 7.9 billion by 2026, at a CAGR of 4.4% between 2020 and 2026.
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Factors such as stringent government regulations regarding water treatment, growth of chemical, and petrochemical and oil & gas industries, double-digit growth of pharmaceutical industry in developing countries, and the demand for digital pumping solutions are driving the metering pumps market. Moreover, the increasing demand for
Factors such as stringent government regulations regarding water treatment, growth of chemical, and petrochemical and oil & gas industries, double-digit growth of pharmaceutical industry in developing countries, and the demand for digital pumping solutions are driving the metering pumps market. Moreover, the increasing demand for superior quality, reliable, and accurate metering systems and expansion of chemical plant capacities are expected to offer opportunities for metering pump manufacturers.
Diaphragm pump segment estimated to lead the metering pumps market in 2019
By type, the Diaphragm pump segment accounted for the largest share in the overall metering pumps market. This growth can be attributed to the low cost of pump, high efficiency, and fluid handling capacity efficient. Compared to the other types, diaphragm metering pumps offer cost advantage, high accuracy, reliability, and suitability of several industrial application owing to which they are widely used in the water
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