Market Overview
The Global Chemical Injection Pumps Market is expected to reach a value of
USD 42.7 billion in 2023, and it is further anticipated to reach a market value of
USD 86.0 billion by 2032 at a
CAGR of 8.1%.
Chemical injection metering pumps play a vital role in ensuring precise chemical management across various handling processes. These pumps are instrumental in the precise delivery of chemicals, contributing to the efficiency & effectiveness of diverse industrial applications. Their use enhances the control & reliability of chemical dosing, addressing the need for accuracy in managing chemicals in different industrial processes.
Key Takeaways
• By Product, Diaphragm Pump leads in 2023 & is anticipated to dominate throughout the forecasted period.
• In addition, Pistons/Plungers is expected to have significant growth over the forecasted period.
• By Application, Water treatment takes the lead & drives the market in 2023.
• North America has a 36.4% share of revenue in the Global Chemical Injection Pumps Market in 2023
Market Dynamic
The metering pumps market is on the grow across different industries, mainly in oil & gas, and pharmaceuticals, driving higher market growth. The growth in need comes from the awareness of metering pump advantages, contributing to a boosted growth rate. Focusing automation to cut lead times, minimize wastage, & ensure safety is an additional factor driving market value growth. The rise in the establishment of desalination facilities in GCC nations & other developed and emerging countries, addressing water shortages, further assists market expansion.
However, challenges arise in growing sector-specific requirements, with dosage, flow rate, & discharge pressure adjustments necessary. Local manufacturers face limitations in creating customized items due to a lack of technology & abilities, providing restrains to market expansion, as overcoming these challenges will be crucial for sustained growth in the metering pumps market.
Research Scope and Analysis
By Type
The diaphragm pump segment emerged as the dominant force in the market in 2023 and is expected to maintain its lead throughout the forecast period, as these pumps stand out for their exceptional operational efficiency, safety features, and precision, making them widely favored, which is experiencing substantial growth, driven by the rising need in pharmaceutical, water treatment, & medical industries.
Further, the pharmaceutical sector, in particular, depends heavily on diaphragm pumps for their accurate dosing of different chemicals, playing a vital role in manufacturing & research processes. With their multifaceted applications & reliability, diaphragm pumps are anticipated to continue their strong growth trajectory, solidifying their status as a major player in the market.
By Application
The chemical injection pump market is strongly driven by the water treatment segment, which dominates the market revenue in 2023 and is expected to sustain the same during the forecast period, as increasing awareness of the need for clean & safe water across diverse applications, like municipal water supplies, industrial processes, and agriculture, has driven major demand for water treatment solutions. Government assistance for water conservation further improves this demand, important for future needs. Further, the industrial sector, mainly in power generation, oil & gas, and manufacturing, heavily depends on water treatment to ensure smooth operations & prevent equipment corrosion. Efficient chemical injection becomes vital to optimize water usage and minimize wastage in these processes.
Further, the oil & gas segment is anticipated to experience significant growth in the coming year, as the sector plays a vital role in maintaining well integrity, stimulating production, & inhibiting corrosion to enhance production rates & recover more resources. These pumps are instrumental in providing corrosion & scale buildup in channels and equipment, improving operational efficiency & safety, and extending equipment lifespan. As exploration & production operations expand, the need for chemical injection pumps in the oil & gas sector is expected to rise accordingly.
The Chemical Injection Pumps Market Report is segmented on the basis of the following:
By Type
• Diaphragm Pump
• Pistons/Plungers
By Application
• Water Treatment
• Oil & Gas
• Agricultural
• Chemical
• Pharmaceutical
• Pulp & Paper
Regional Analysis
North America claims the largest market
share at 36.4%, in 2023, a dominance expected to persist throughout the forecasted period, as the region, which contains the US & Canada, has consistently held a substantial portion of the global metering pump market, which can be attributed to a strong & advanced industrial & manufacturing sector, stringent water treatment regulations, and a growing emphasis on precision & efficiency in chemical dosing processes.
Further, the Asia-Pacific region is expected to have the fastest market growth in the coming years, as rapid industrialization & the expansion of water treatment infrastructure are driving significant expansion in the metering pumps market. Moreover China & India, with growing investments in water & wastewater treatment, contribute to the growing demand for metering pumps. Furthermore, the region's expanding textile, pulp paper, & water treatment industries are additional catalysts for market growth.
By Region
North America
• The U.S.
• Canada
Europe
• Germany
• The U.K.
• France
• Italy
• Russia
• Spain
• Benelux
• Nordic
• Rest of Europe
Asia-Pacific
• China
• Japan
• South Korea
• India
• ANZ
• ASEAN
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Argentina
• Colombia
• Rest of Latin America
Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
• Israel
• Egypt
• Rest of MEA
Competitive Landscape
The global chemical injection pumps market notices a competitive landscape marked by diverse companies competing for market share, as major players are distinguished by their diverse product offerings, technological development, and strategic collaborations. Further constant innovations, emphasis on R&D, and a focus on meeting industry-specific needs contribute to the dynamic & competitive nature of the market.
In December 2022, PPM Ltd announced the full operation of its Brunei-based entity, PPM (BN) SDN BHD, catering to the local & Asia Pacific regions for chemical injection needs. Established in 2019, the initial progress was impacted by the COVID-19 pandemic. Now, by overcoming challenges, PPM (BN) SDN BHD has become a major supplier in the local market, as it specializes in delivering pump skids, transfer pumps, flow meters, & pneumatic chemical injection pumps to the oil &gas industry.
Some of the prominent players in the global Chemical Injection Pumps Market are:
• ITC Dosing Pumps
• Milton Roy
• Cameron
• Idex Corp
• Lewa GmbH
• Seko SpA
• SPX FLOW
• Hunting PLC
• Proserv
• Graco Inc
• Other Key Players
COVID-19 Pandemic & Recession: Impact on the Global Chemical Injection Pumps Market:
The global chemical injection pumps market experienced a significant impact from the COVID-19 pandemic & the following recession, as supply chain disruptions, reduced industrial activities, & financial uncertainties led to a temporary contraction in market growth. However, as industries adapted to the new normal, the market experienced a gradual recovery, as there was a focus on sanitation & healthcare, along with the support of key sectors, contributed to the market's stabilization. The chemical injection pump market is now expected to resurgence as economies rebound and industrial activities regain momentum, emphasizing the market's ability to adapt to challenging circumstances.
Recent Development
• In February 2023, Cummins Inc. introduced 2 new dewatering pump solutions, the QSF4X4 & QSF6X6, designed for construction, oil & gas, agricultural, mining, water, and wastewater applications, as these offer customers a reliable & fully finished solution. The pumps feature heavy-duty cast-iron construction, are carried for easy transportation, & can self-prime and re-prime automatically. The QSF6X6 handles flow rates up to 2,600 GPM, while the QSF4X4 supports up to 1,350 GPM.
• In May 2023, Movement Industries Corporation unveiled the expansion of its Custom Skid Deployment, featuring proprietary chemical injection with IoT technology, as it successfully introduced a 2,000-gallon tank designed for remote use & plans to continue production. Monitored & controlled by Movement's proprietary IoT technology, the custom tank skid highlights a significant milestone, showcasing the company's commitment to marketing & selling its innovative design, manufacturing, and IoT technologies.
• In April 2023, Perma-Pipe International Holdings, Inc. announced the acquisition of two contracts totaling over USD 8 million, which includes supplying insulated piping, specifically Perma-Pipe’s XTRU-THERM thermally insulated piping system, for a thermal distribution system on Fanshawe College's campus in London, Ontario, Canada, and highlights Perma-Pipe's role in providing innovative solutions for thermal applications.
Report Characteristics |
Market Size (2023) |
USD 42.7 Bn |
Forecast Value (2032) |
USD 86.0 Bn |
CAGR (2023-2032) |
8.1% |
Historical Data |
2017 - 2022 |
Forecast Data |
2023 - 2032 |
Base Year |
2022 |
Estimate Year |
2023 |
Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
Segments Covered |
By Type (Diaphragm Pump and Pistons/Plungers), By
Application (Water Treatment, Oil & Gas,
Agricultural, Chemical, Pharmaceutical, and Pulp &
Paper) |
Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
Prominent Players |
ITC Dosing Pumps, Milton Roy, Cameron, Idex Corp,
Lewa GmbH, Seko SpA, SPX FLOW, Hunting PLC,
Proserv, Graco Inc, and Other Key Players |
Purchase Options |
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Frequently Asked Questions
The Global Chemical Injection Pumps Market size is estimated to have a value of USD 42.7 billion in 2023
and is expected to reach USD 86.0 billion by the end of 2032.
North America has the largest market share for the Global Chemical Injection Pumps Market with a
share of about 36.4% in 2023.
Some of the major key players in the Global Chemical Injection Pumps Market are ITC Dosing Pumps,
Milton Roy, Cameron, and many others.
The market is growing at a CAGR of 8.1 percent over the forecasted period.