How is Surging Need for Clean Water Driving Metering Pump Market?

A major driving factor of the metering pump market is the implementation of stringent government regulations regarding water treatment. Water treatment plants make use of metering pumps for supplying the correct amount of chemicals in water, in order to remove slurry, harmful pollutants, and other contaminants, thus improving the quality of water. 

To maintain the quality of drinking water, governments across the world have passed several laws. For example, the U.S.’s Water Infrastructure Act was signed into the law, which authorizes the Environmental Protection Agency to set minimum standards for improving the quality of drinking water.

Another factor leading to the growth of metering pump market is the rising demand from the oil & gas industry. The industry needs metering pumps for the extraction process of oil and natural gas and for dosing corrosion inhibitors in mainstream processes. 

The increasing demand for metering pumps in this industry is facilitated by the rising production of crude oil in countries including Russia, Iraq, the U.S., and Saudi Arabia. The average crude oil production in the U.S. rose from 9.4 million barrels per day in 2017 to approximately 10.9 million barrels per day in 2018.       

The rising demand for energy efficient metering pumps is a key trend that is being observed in the metering pump market. Recently, various industries need pumps that consume low power in order to reduce the energy consumption.

Furthermore, energy-efficient metering pumps help decrease the energy costs and maintenance requirements, offer improved operational efficiency, and enhances overall productivity, which is resulting in the rising requirement for these pumps around the world. This is further projected to drive the market in the near future.

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Hence, the market is growing considerable due to the implementation of strict government regulations regarding water treatment and increasing demand for metering pumps from the oil & gas industry.

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Created on Mar 18th 2020 06:14. Viewed 251 times.

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