Metering Pump Market to Advance at 3.9% CAGR during 2020–2030

 Factors such as the toughening government regulations on water treatment, expanding chemical industry, and increasing oil and gas production are expected to fuel the metering pump market at a CAGR of 3.9% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue will grow from $4.4 billion in 2019 to $6.8 billion by 2030. In recent years, the soaring demand for energy-efficient metering pumps, to reduce energy wastage, has become a major market trend.

One of the key growth drivers of the market is the increasing implementation of strict water treatment laws in many countries. Water treatment plants use metering pumps to feed chemical additives to the wastewater to remove toxic microorganisms, slurry, and pollutants, thereby improving the water quality. For example, the U.S. government amended its Water Infrastructure Act (AWIA) in 2018 to focus on all water that is theoretically intended for drinking. This act empowers the Environmental Protection Agency (EPA) to lay down minimum requirements to protect drinking water from pollution. 

Additionally, the soaring oil and gas production is also expected to contribute to the metering pump market growth worldwide. Oil and gas companies deploy metering pumps in the extraction of oil and natural gas and the dosing of corrosion inhibitors in midstream processes. For instance, the U.S. Energy Information Administration (EIA) estimates that 4,129,563 barrels of crude oil were produced in the U.S. in 2020. The EIA also states that 31,099,061 cubic feet of natural gas were produced in the country in 2019.

The end user segment of the metering pump market is classified into water treatment, chemical processing, petrochemicals, pulp and paper, pharmaceuticals, oil and gas, food and beverage, and others, such as textiles, construction, mining, and agriculture. Among these, the water treatment category generated the highest revenue in 2019 due to the implementation of stringent government regulations regarding safe drinking water. For instance, the Ontario Ministry of Health and Long-Term Care enforced the Safe Drinking Water and Fluoride Monitoring Protocol in February 2019 to provide direction to health boards on the various components of the Safe Water Program.