Chemical Injection Metering Pumps and Valves Market size is forecast to reach $4.32 billion by 2025, after growing at a CAGR of 4.2% during 2020-2025. The growth of the chemical industry will likely promote the growth of the demand for chemical injection metering pumps & valves. Due to a need for precise delivery of chemicals dosage, the market for chemical injection metering pumps & valves is seeing increased demand from the power generation industry. New developments in the chemical industry would fuel the need for pumps and valves for chemical injection metering in the chemical industry. This will create more opportunities for players working on the chemical injection metering pumps and valves in the emerging markets.
End-Use Industry – Segment Analysis
Oil & Gas sector has been the primary market for Chemical Injection Metering Pumps and Valves for many years at a CAGR of 3.99%. The pumps and valves are a major use in the oil and gas industry for chemical injection control. In upstream, midstream and downstream applications for the oil and gas industry, chemicals injection metering pumps are used. In the upstream metering pumps, methanol is used to prevent the development of hydrate and corrosion inhibitors to optimize onshore and offshore output Volumetric flow rate. In the midstream process, chemical injection pumps are used for the dosage of inhibitors of corrosion to ensure improved transport through pipelines or on vessels floating with liquefied natural gas (FLNG) and floating manufacturing and storage vessels (FPSO). Chemical injection metering PVDF pump are used for injecting chemicals into downstream manufacturing of refineries and petrochemical plants. Improved investment would likely drive market demand in the predicted timeframe, in the upward and downstream oil and gas sector.
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Geography – Segment Analysis
APAC dominated the Chemical Injection Metering Pumps and Valves Market share with more than 58%, followed by North America and Europe. In Asia / Pacific, demand for chemical injection metered pumps & valves has increased significantly. In the Asia-Pacific region China alone accounts for approximately 35% of the market. The usage of pumps and valves in oil and gas is high and downstream output in China has increased. The nation has a petroleum reserves of 635 million tons (MMT) and natural gas reserves of 54 trillion meters cubic and shale gas deposits of some 96 trillion peters. Currently, it focuses on increased domestic demand, which is expected to increase the injection metering pumps and valves use. This is also the world’s biggest electricity user. In the area, the number of end users in particular pharmaceuticals, food & beverages and water and waste water treatment is now increasing significantly in various industries. During the forecast period, the above factors are expected to lead to increased demand for chemical injection metering pumps & valves in the region.
Drivers – Chemical Injection Metering Pumps and Valves Market
Increasing Investments in Oil and Gas Sector
This is currently focused on increasing domestic production and is planned to expand injection metering pumps and valves. China is also the world’s biggest electricity user. There is now substantial growth, in particular in pharmaceuticals, food & drinks and water & wastewater treatment, in the area in various end user industries. Such factors are expected to contribute to the growth of demand in the area during the forecast timeframe for chemical injection metering pumps and valves.
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Challenges – Chemical Injection Metering Pumps and Valves Market
High Maintenance and Replacement Costs in Some Applications
One of the key challenges facing the growth of the Chemical Injection Metering Pumps and Valves market lies in the high maintenance and production substitution expense. While they have some advantages, they are much better in development than their conventional partners. They are much safer. It would potentially threaten the growth direction of this market in the years ahead.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Chemical Injection Metering Pumps and Valves Market. In 2018, the market of Chemical Injection Metering Pumps and Valves has been consolidated by the top five players accounting for xx% of the share. Major players in the Chemical Injection Metering Pumps and Valves Market are Cameron (Schlumberger), Hunting PLC, Idex Corporation, ITC Dosing Pumps, Lewa GmbH, McFarland-Tritan LLC, Milton Roy, ProMinent, Seepex GmbH, Seko SpA, SkoFlo Industries Inc., SPX FLOW Inc., Swelore Engineering Pvt Ltd, among others.
The coal, power and chemical industries have dominated the market and will continue to expand in the forecast era. The treatment industry for water & wastewater will expand in the next few years at CAGR high.
In the future, rising competition from the pharmaceutical industry will possibly serve as a chance.
Demand in developing countries for refined fuels and associated chemicals has increased significantly, complementing downstream projects such as refineries and petrochemicals.
A. Metering Pump (Dosing/Chemical Injection) Market
B. Hydraulic Controls Market
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