Chemical Injection Pump Market size in terms of volume and value 2016-2026
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.
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.
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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.
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.
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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