Global Metering Pump market size to reach USD 4.96 Billion by 2020

The metering pump market size is projected to grow at a CAGR of 6.3% to reach USD 4.96 Billion by 2020. In terms of value, the metering pumps market size in water treatment application is projected to reach USD 1.75 billion by 2020, at a CAGR of 5.9% between 2015 and 2020. The growth is attributed to the increasing demand for environmentally friendly wastewater disposal and increasing investment in modernization of infrastructure.

Diaphragm type metering pumps offer significant advantages over other type of metering pumps and hence, lead the market whereas plunger/piston type metering pumps, due to their maintenance issues and inability to handle abrasive fluids, are projected to register a relatively lower CAGR. Asia-Pacific, with its developing economies and rapidly expanding manufacturing bases, is expected to witness the highest growth market in terms of value during the forecast period.

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