Market Summary
Market Size – USD 4.52 Billion in 2018, Market Growth - CAGR of 6.3%, Market Trends –
The rising demand from the Asia Pacific region.
The global metering pumps market is forecast to reach USD 7.40 Billion by 2026, according to a new
report by Reports and Data. The growing demand from end use industries, coupled with the rising
industrialization and urbanization in emerging economies governs the growth of the market.
Further key findings from the report suggest
• Among the pump drives, the solenoid-driven pumps accounted for the largest market share of
~41% in the year 2018. Solenoid pumps are usually used in water treatment and chemical
processing plants. Solenoid pumps are the simplest type of pumps because they have very few
moving parts, due to which the drive is virtually wear-free.
• The peristaltic pumps are forecast to witness the highest CAGR of 7.1% during the forecast
period. Peristaltic pumps limit the media to tubing to avoid contamination of the pump and
fluid. Thus, the contamination-free properties of these pumps makes it particularly suitable for
use in high purity applications, including the transfer or dosing of additives and chemicals in
food, pharmaceutical, and semiconductor applications.
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