Portland, OR, Feb. 18, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global dosing pumps market was pegged at $5.90 billion in 2018, and is anticipated to reach $8.99 billion by 2026, registering a CAGR of 5.4% from 2019 to 2026. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.
Rise in demand for dosing pumps in the water and wastewater treatment industry and surge in adoption of smart dosing pumps drive the growth of the global dosing pumps market. On the other hand, high cost of dosing pumps curtails the market growth to some extent. However, growing trend of batch manufacturing in the pharmaceutical industry is expected to create lucrative opportunities in the future.
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Covid-19 scenario-
- The outbreak of the pandemic led to a sharp decline in demand for dosing pumps, as several industrialization activities were either detained or pulled up, thereby impacting the global dosing pumps market to a significant extent.
- However, several government bodies are now announcing relaxations on the existing restrictions, and the market is expected to retrieve its position soon.
The global dosing pumps market is analyzed across pump type, application, and region. Based on type, the diaphragm pumps segment accounted for more than two-fifths of the total market share in 2018, and is expected to dominate by 2026. Simultaneously, the piston pumps segment would garner the fastest CAGR of 5.6% during the forecast period.
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Based on application, the water & wastewater treatment segment contributed to one-third of the total market revenue in 2018, and is anticipated to rule the roost by the end of 2026. The chemical processes segment, on the other hand, would showcase the fastest CAGR of 5.7% from 2019 to 2026.
Based on region, Asia-Pacific generated the major share in 2018, holding more than two-fifths of the global market. At the same time, the market across Europe would cite the fastest CAGR of 6.3% from 2019 to 2026. The other two provinces covered in the report include North America and LAMEA.
The key market players analyzed in the global dosing pumps market report include Nlue-White Industries, EMEC s.r.l., Grundfos Holding A/S., Idex Corporation, Netzsch Pumpen System GmbH, Nikkiso Co., Ltd., Prominent GmbH, Seko SpA, SPX Flow, Inc., and W.E.S. Ltd. Other players in this market include Verder International, Inc., Vanton Pump & Equipment Corp., AFX Holdings, Magnatex Pumps, Inc., Walchem Corp., Sera GmbH, Cetoni GmbH, Iwaki Europe GmbH, Grosvenor Pumps, Gemmecotti srl, and others. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.
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