Chemical Injection Pumps Market Definition And Segments
Chemical injection pumps are tiny, positively displaced reciprocating machines that inject exact volumes of chemicals into processing streams. They are frequently attached to barrels carrying the chemical that is injected and used to monitor processing difficulties or safeguard equipment.
The main types of chemical injection pumps are diaphragms, plungers, pistons, and other types. Diaphragm pumps, utilizing a flexible diaphragm typically composed of materials such as rubber or Teflon, displace chemicals with precision, making them well-suited for metering and injecting accurate amounts of substances. They are categorized into different drive types, such as pneumatic, electric, hydraulic, and other drive types. They are used in various applications, including water treatment, oil and gas, agriculture, chemicals, pharmaceuticals, pulp and paper, food and beverage, mining, power generation, and other applications, by end users such as industrial, commercial, and residential.
The chemical injection pumps market covered in this report is segmented –
1) By Type: Diaphragm, Plunger Or Piston, Other Types
2) By Drive Type: Pneumatic, Electric, Hydraulic, Other Drive Types
3) By Application: Water Treatment, Oil And Gas, Agricultural, Chemical, Pharmaceutical, Pulp And Paper, Food And Beverage, Mining, Power Generation, Other Applications
4) By End-User: Industrial, Commercial, Residential
The chemical injection pumps market size has grown strongly in recent years. It will grow from $37.72 billion in 2023 to $41.28 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to adoption of high performance computing (HPC) servers, adoption of advanced packaging technologies, demand for advanced electronic devices, increased complexity of ICs, adoption of smart gadgets.
The chemical injection pumps market size is expected to see strong growth in the next few years. It will grow to $56.02 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to demand for smartphones, demand for power electronics, rising demand for chiplets in the power electronics, increasing adoption of electric vehicles, rising mobile electronics. Major trends in the forecast period include developments of 2.5d and 3d chiplet packaging, adoption of 5g technology, 3d integration technology, technology advancements, increasing mergers and acquisitions.
Chemical Injection Pump Market Growth Fueled By The Expanding Oil And Gas Sector
The expansion of the oil and gas industry is expected to propel the growth of the chemical injection pump market in the coming years. The oil and gas sector is a multidimensional sector that includes drilling, extraction, processing, transportation, and marketing. Chemical injection pumps are used in the oil and gas sector by precisely distributing specialized chemicals into the production system, aiming to boost production, block deposits, minimize corrosion, and enhance process reliability. For instance, in May 2023, according to the Energy Information Administration, a US-based principal government statistical system institution, in 2022, the United States of America manufactured 0.6 million barrels of oil in crude form per day (b/d), a 5.6% increase over 2021. Further, in December 2022, dry natural gas output in the United States surged dramatically, surpassing 100 billion cubic feet per day (Bcf/d) in October and November and crashing pre-pandemic monthly generation records set three years ago. Therefore, the expansion of the oil and gas industry is driving the chemical injection pump market.
Major companies operating in the chemical injection pumps market report are Schlumberger Limited (SLB), Dover Corporation, Ingersoll Rand Inc., Grundfos, Idex Corporation, Graco Inc., SPX FLOW Inc., Proserv Group Inc., AxFlow Group, SEKO S.p.A., ProMinent Group, Lewa GmbH, Seepex GmbH, Verder Group, Aqua Industrial Group, Grosvenor Pumps Ltd., Plainsman Mfg. Inc., Norriseal-WellMark, SkoFlo Industries Inc., Milton Roy Company, Mc Farland Pump Co LLC, Bruin Instruments Corp., Madden Manufacturing Inc., SideWinder Pumps Inc., ITC Dosing Pumps, Swelore Engineering Pvt. Ltd., Greylor
Embrace Technological Precision With Metering And Dosing Pumps
Major companies operating in the chemical injection pump market are focusing on technologically advanced products such as metering and dosing pumps to challenge conventional technical solutions for the dosing of chemicals in municipal and industrial pumping applications. Metering pumps, or dosing pumps, are positive displacement devices that are meant to inject accurate volumes of a substance into other fluid streams or vessels. For instance, in September 2022, Verder Liquids BV, a Netherlands-based manufacturing company of chemical injection pumps, launched the Verderflex Ds500. The Ds500 metering and dosing pump was created to challenge existing technical solutions. The objective behind this technology is to increase accuracy while saving money for the end user by calculating Total Cost of Ownership (TCO), which equals initial costs plus lifetime operating. The Ds500 can achieve +/-1% accuracy through a smoothed flow. In addition, this kind of pump has an exact flow rate of 0.1 to 500 ml/min and a pressure of up to 7 bar. This results in increased accuracy and smoother flow. It consumes fewer chemicals and has a 5000:1 turndown, resulting in lower life operation costs.
Verder Group Strengthens Market Position With Acquisition Of ERWEKA Gmbh
In May 2023, Verder Group, a Netherlands-based manufacturing company of chemical injection pumps, acquired ERWEKA GmbH for an undisclosed amount. Through the acquisition, Verder Scientific enhances its position and accelerates expansion in specified niche areas by utilizing cutting-edge equipment. ERWEKA GmbH is a Germany-based manufacturing company that manufactures metering pumps, dosing pumps, and peristaltic pumps for pharmaceutical and industrial applications.
North America was the largest region in the chemical injection pumps market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chemical injection pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the chemical injection pumps market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The chemical injection pumps market consists of sales of metering pumps, lobe pumps, and injection valves. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The chemical injection pump research report is one of a series of new reports from The Business Research Company that provides chemical injection pump market statistics, including the chemical injection pump industry's global market size, regional shares, competitors with a chemical injection pump market share, detailed chemical injection pump market segments, market trends and opportunities, and any further data you may need to thrive in the chemical injection pump industry. This chemical injection pump market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.