Economical positive displacement pumps continue to gain market share in end-user applications that do not require precision in dispensed fluid. However, metering pumps dominate applications that require precise dosing. In response to demand for precise equipment, metering pumps market participants have augmented their R&D efforts to manufacture pumps with greater accuracy, repeatability, and reliability.
New analysis from Frost & Sullivan (industrialautomation.frost.com), North American Metering Pumps Market, reveals that the market earned revenues of $200.0 million in 2006 and estimates this to reach $206.2 million in 2013.
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Given that many applications within the metering pumps market, such as water / wastewater and chemicals, require specific fluid amounts, pump systems with a high level of intelligence remain crucial. By meeting customers’ needs for accuracy, market participants can prevent positive displacement pumps from absorbing their market shares.
Recent technological advancements enable customers to monitor their pumps’ flow, horsepower, and other variables digitally. It is now easier, more efficient, and economical, to automatically adjust metering pumps to specification requirements using instruments instead of manual adjustments.
“Manufacturers are developing pumps with a higher level of intelligence, capable of handling more corrosive fluids with reduced leakage and advancements in monitoring capabilities,” says Frost & Sullivan Senior Research Analyst Dushyanth Mehra. “The ability to continuously monitor metering pumps is an attractive benefit, and as customers become increasingly aware of this technology, sales will likely increase.”
Pump sales have increased as the government penalizes companies that discharge fluids such as untreated wastewater or water contaminated by pump leakage. However, some end users prefer paying fines set by government agencies such as the Environmental Protection Agency (EPA) as these fines are more economical than the costs of plant upgrades.
Preferences for penalty fees will likely change once legislations enforce regulations that compel customers to replace metering pump systems that do not meet the restrictions. Additionally, the growth of the municipal water and wastewater treatment application represents another significant driver resulting from population expansion.
“Surface and raw water, pretreatment of water, and wastewater require a purification process that necessitates a metering pump to accurately treat water with chemicals,” notes Mehra. “This demand for precision is expected to considerably increase the demand for metering pumps.”
North American Metering Pumps Market is part of the Industrial Automation & Process Control Growth Partnership Service, which also includes research services in the following: World pumps market in the oil and gas industry, World pumps market in the water and wastewater industry, North American positive displacement pumps markets for process industries, North American reciprocating and rotary vacuum pumps markets, North American HVAC circulator pumps markets, and U.S. infusion pumps markets. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Interviews with the press are available.
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