The chemical injection pump market is estimated to register an impressive CAGR of 7.5% during the forecast period. The market projected the valuation at US$ 31.94 Bn in 2022 and is likely to be valued at US$ 65.83 Bn by 2032.
Attributes
Details
Chemical Injection Pump Market CAGR (2022 to 2032)
7.5%
Chemical Injection Pump Market Value (2022)
US$ 31.94 Billion
Chemical Injection Pump Market Value (2032)
US$ 65.83 Billion
The demand for chemical injection pump is rapidly growing for wastewater treatment during the forecast period. Chemical injection pump manufacturers are growing the end-use industry such as agriculture, chemical, energy & power and others.
However, the chemical injection pump injects chemicals on a high of repetitive basis in the oil & gas sector. The key manufacturers develop these pumps on several characteristics such as unit size, supply gas pressure and frequency of operation during the forecast period.
In European countries, the adoption of chemical injection pump is rising due to the growing consumption of chemical injection pump during the forecast period. On the other hand, stringent government rules to promote end-use industries are accelerating the global chemical injection pump market. Countries such as Germany and the UK lead the global market by capturing a significant share during the forecast period.
Asia Pacific followed by European countries due to the growing production of chemical injection pump on a large scale and the growing pharmaceutical sector during the forecast period. The presence of manufacturers and rising power industries are growing the Asia Pacific market to another height during the forecast period.
The rising demand for chemical injection pump in the automotive industry due to increasing all-over efficiency is flourishing the market growth during the forecast period. The growing advanced technologies and development of innovative products are likely to propel the market for chemical injection pump.
In addition, solar electric chemical injection pump with the adoption of temperature sensing technology due to environmental sustainability is increasing the chemical injection pump market trends.
The energy & chemical sector is one of the lead categories in the end-use segment that mushroom the market for chemical injection pumpduring the forecast period. In the chemical industry, the demand for chemical injection pump is rapidly increasing as it used to handle several harmful chemicals at various pressure and temperature during the forecast period.
The key market players play a crucial role in the global market by increasing the market share during the forecast period. These players focus on providing better quality products to the end-users that satisfy their requirements.
The key vendors are adopting several marketing tactics to capture a maximum output during the forecast period. The marketing methodologies are mergers, acquisitions, partnerships, agreements, collaborations and product launches.
Chemical injection is of prime concern since the chemicals being injected are in small amount and are often associated with problems such as processing and equipment safety. These chemical injection pumps work with a high level of precision on repetitive basis and are used to inject some of the typical chemicals in the oil & gas industries which includes biocides, demulsifiers, clarifiers, corrosion inhibitors, scavengers and others.
Chemical injection pump are positive displacement reciprocating units primarily used to transfer the chemical from tank to the injection point, where the flow rates can be adjusted remotely or locally to ensure that the precise amount of chemical is being injected.
Since the chemical being injected are reactive to the injection pump material, end-user must specify the manufacturer, the type of material to be injected. Selection of chemical injection pumps is based on various characteristics such as frequency of operation, unit size, supply gas pressure and inlet methane composition.
Chemical injection pump market is moderately developing due to its uniform application which makes it a backbone of various processes across many industries.
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Global Chemical Injection Pump Market- Market Dynamics and Trends
Increasing demand for waste water treatment in developing nations is primarily driving the growth of global chemical injection pump market. Moreover, another driving factor for the growth of global chemical injection pump market is the increasing need for automation in order to increase the efficiency and reduce the overall turnaround time across various end use industries.
Also stringent government regulations in order to promote efficiency across various end use industries is driving the growth of global chemical injection pump market.
Solar electric chemical injection pumps combined with temperature sensing technology are gaining traction in the market due increasing environmental sustainability.
Global Chemical Injection Pump Market- Market Segmentation
Chemical injection pump market can be segmented by end use industry, application, product type and number of injection point. On the basis of end use industry, global chemical injection pump market can be further segmented into water treatment, oil & gas, food and beverages, pharmaceutical, agricultural, chemical, pulp & paper and others. By industry, water treatment accounts for largest market share in terms of value as well as number of units sold.
In addition to this, food & beverage industry is expected to grow at significant CAGR in the global chemical injection pump market due to the requirement of accurate and hygienic operation. Based on application global chemical injection pump market can be segmented into wellhead, pipelines, batch process manufacturing and others.
By product type, global chemical injection pump market can be segmented into hydraulically actuated chemical injection pump, Air/ Gas driven chemical injection pump, Electric/ Engine driven chemical injection pump and power impeller chemical injection pumps.
Based on number of injection point, chemical injection pump market can be segmented into single chemical injection pump and multi chemical injection pump.
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Global Chemical Injection Pump Market- Regional Outlook
Geographically, the global chemical injection pump market can be segmented into North America, Latin America, Western Europe, Eastern Europe, APEJ (Asia Pacific excluding Japan), Japan, Middle East and Africa.
In terms of revenue, Asia Pacific is expected to hold the largest market share in the global chemical injection pump market, followed by North America. Moreover, China alone is expected to account for a significant share in terms of value and is expected to dominate the APEJ chemical injection pump market due to its expanding economy, low cost raw material and increasing investment in infrastructural development. Furthermore, Western Europe is expected to record a steady CAGR over the forecast period.
Global Chemical Injection Pump Market- Major Players
Some of the major players identified in the global chemical injection pump market are Grosvenor Pumps Ltd, Lewa Gmbh, Sidewinder Pumps, Inc., Neptune Chemical Pump Company Inc., Milton Roy, SEKO S.p.A., Mcfarland-Tritan LLC and others.Strategic decisions among some of the key players in the global chemical injection pump market are increasing focus on new product innovation followed by an gaining merger & acquisition activities
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.
The research report provides analysis and information according to categories such as market segments, geographies, types, injecting points, end use industries and applications.
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The report covers exhaustive analysis on
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Value Chain
Regional analysis includes
North America
Latin America
Asia Pacific
Japan
Western Europe
Eastern Europe
Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies
