Key players operating in the global metering pump market includes, Dover Corporation, SEKO S.p.A., Lewa GmbH, Grundfos Pump Corporation, IDEX Corporation, ProMinent GmbH, Accudyne Industries LLC, Blue-White Industries Ltd., Spirax-Sarco Engineering plc, and Verder International B.V.
NEW YORK, May 26, 2019 (GLOBE NEWSWIRE) — According to the market research report published by P&S Intelligence, the global metering pump market is anticipated to reach $5.6 billion by 2024, registering a CAGR of 6.0%, over the forecast period. The growth can be attributed to increasing demand from the oil & gas industry, strict government regulation pertaining to water treatment, and increasing demand from the chemical industry. The chemical industry requires metering pumps for pumping various corrosive chemicals at precise volumes.
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On the basis of type, the market is categorized into diaphragm, piston, and others, wherein ‘others’ include peristaltic pumps and syringe pumps. Diaphragm pumps held the largest share in 2018 in the global metering pump market,...