Sarasota, FL -- (SBWIRE) -- 02/07/2019 -- Global Hydraulic Dosing Pump Market: Overview
Hydraulic dosing pumps are used in various end-use industries such as chemical, water and wastewater treatment, and power.
Global Hydraulic Dosing Pump Market: Growth Factors
Escalating product demand from the chemical industry, the growing need for potable water, high product acceptance in emerging economies, and high adoption of these pumps for water and wastewater treatment are some key factors propelling the growth of the hydraulic dosing pump market. However, high customized product demand from consumers and accessibility of low-cost & inferior-quality pump products are hindering the market evolution. Also, pulsation in the pressure of hydraulic dosing pump during operation is another factor slated to hinder the growth of the hydraulic dosing pump market in the near future.
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The rise in the product demand from the oil & gas sector is slated to exponentiate hydraulic dosing pump market growth. Massive implementation of smart dosing technologies coupled with refining capacity additions in the Asia Pacific and the Middle East are likely to offer huge growth opportunities for the hydraulic dosing pump market in the years ahead.
Growing consumption of hydraulic dosing pump, owing to increasing demand from the chemical sector is a major factor driving the growth of the global hydraulic dosing pump market.
Global Hydraulic Dosing Pump Market: Segmentation
The global hydraulic dosing pump market can be classified based on the type, end-user, and discharge pressure. Based on the type, the market is sectored into diaphragm and piston. On the basis of end-user, the hydraulic dosing pump market is segmented into agriculture, livestock, and chemical, oil & gas, water & wastewater treatment, and power industries. Based on the discharge pressure, the market is divided into up to 25 bar, between 25 to 100 bar, and above 100 bar.
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Global Hydraulic Dosing Pump Market: Regional Analysis
Based on regions, the global hydraulic dosing pump market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. By Geography, Asia Pacific is expected to be the largest hydraulic dosing pump market during the estimated timespan, followed by Europe and North America. China and India are expected to be the major regional revenue contributors in the region, owing to the escalating product demand from the water & wastewater treatment and manufacturing sectors in this region. Additionally, the growth of manufacturing industries in the developing countries such as China and India is another factor expected to propel growth of the target market in the near future, in APAC.
Rising demand for hydraulic dosing pump from chemical sector in the APAC is anticipated to steer the hydraulic dosing pump market earnings in the region.
The market in Europe is also expected to witness significant growth over the forecast period, owing to increasing adoption of hydraulic dosing pumps as a result of increasing investments in the water & wastewater treatment industry in the region.
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North American market has the potential to register a lucrative growth over the coming years.
Global Hydraulic Dosing Pump Market: Competitive Players
The key players in the global hydraulic dosing pump market include Dover Corporation (US), Grundfos (Denmark), SPX Flow (US), IDEX Corporation (US), and LEWA (Germany). Manufacturers such as ProMinent (Germany), Milton Roy (US), Lutz-Jesco (Germany), SEKO (US), Iwaki (Japan), Verder (Netherlands), Tacmina (Japan), and Tefen (Israel).
Global Hydraulic Dosing Pump Market: Regional Segment Analysis
The Asia Pacific