Market Research Future - Premium Research Reports Metering Pumps Market 2017-2023

Metering Pump Market to Post a Significant Revenue of about USD 5.30 Billion by 2023 Market Highlights A metering pump is a device with the ability to vary capacity manually or automatically as per requirement of the process conditions. Moreover, it works on a repetitive basis with high level of accuracy. Food and beverage industry is one of the fastest-growing end-use industries for metering pumps. On the basis of applications the market has been segmented as water and wastewater treatment, food industry, oil & gas, petrochemical, chemical and others. The processed food industry is driven by changing consumer lifestyle, increasing disposable income, and implementation of food security policies while water treatment industry accounted for the largest share of the metering pumps. Moreover investment in water market will aid in the market growth of metering market. Technologies to reduce the total cost with increased investment in infrastructure and stringent government regulations are some of the factors which will influence the growth in the metering pumps market, positively. Moreover, environmental concerns and technological advancements in countries such as China and India lead to the growth of metering pumps market in the forecast period. Metering Pump Market was valued at USD 3.70 Billion in 2016, and is projected to reach USD 5.30 Billion by 2023, Global Metering Pump Market is Estimated to Grow at a CAGR of 6.5%, during 2016 to 2023 Request a Receive Sample Report @ https://www.marketresearchfuture.com/sample_request/2913 Key Players The key players of Global Metering Pump Market include:  Lewa GmbH (Germany)  Milton Roy Company (U.S.) Tel: [phone] [email protected]