Chemical Injection Pumps Market: Sales Closed in on US$ 4 Bn in 2018

Posted on 2019-07-01 by Mark Hub in Chemicals // 0 Comments

Rockville, USA, 2019-Jul-01 — /EPR Network/ —Fact.MR’s newly published research study on Chemical Injection Pumps Market offers a holistic overview of the market with exclusive insights. The analysis and forecast provided in the report is backed with historical data and current market analysis of the chemical injection pumps market. A
detailed assessment of the chemical injection pumps market and the factors influencing the market growth are also included in the extensive market study. The inclusion of micro- and macro-economic factors that influence the market, the market dynamics including trends, challenges, growth
opportunities and key market drivers makes this study a crucial business intelligence tool. The report also includes segment-wise and region-wise evaluation along with competitive landscape of the chemical injection pumps market.

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Chemical Injection Pumps Market in Numbers:

The chemical injection pumps market registered a CAGR of nearly 4% during the course of 2014 to 2018.
The chemical injection pumps sales closed in on US$ 4 Bn in 2018 and are anticipated to grow at a healthy CAGR of nearly 5% through 2029.
Strategic acquisitions and contractual supply agreements have been the key focus areas shaping competition landscape of the chemical injection pumps market over the recent past. Key companies are also prioritizing improvements in accuracy and reliability of chemical injection monitoring and control devices.
East Asia is projected to remain the leading as well as high-growth market for chemical injection pumps owing to the region’s strong production and manufacturing capabilities complemented with constantly increasing demand for chemical injection pumps.

According to the pricing analysis of the chemical injection pumps market, the price sensitivity is undermining the overall revenue growth potential of the market. Emergence of China as a major producer of low-cost pumps has disrupted the market, compelling international pump vendors to focus on product differentiation through advanced technology integration and provision of various additional services. Increasing integration of technologies, such as QR coding is accounting for an added marketing value to online product overviews and pump manuals.

According to the study, the chemical injection pumps market in East Asia is likely to account for over 30% share in the global market volume estimated for 2019. While South Asia is also projected to be among the key regional markets in terms of chemical injection pumps sales, both the regions will remain prime opportunity hubs for stakeholders in the market. Constantly rising petrochemicals demand and increasing concerns regarding deleterious effects of poor water quality have been pushing investments in the oil and gas industry and water treatment sectors, respectively, across East and South Asian countries. While this, according to the report, accounts for a positive outlook for the demand growth of chemical injection pumps within these regional markets, the report also points to the increasing role of governing bodies in establishing a strong base for adoption of specialty application equipment, such as chemical injection pumps.

The competition landscape of global chemical injection pumps market is characterized by a growing focus of competitors on the increasing need for efficiency and accuracy of chemical processes, along with an enduring product lifecycle. Banking on improving industrial and infrastructural investments by regional governments, key companies operating in the chemical injection pumps market are considering new product innovations as a key strategy. While solar- and electric-powered pumps are rapidly garnering R&D interests of a majority of players, compact design engineering will also be an important strategy assisting their headway to mitigate the carbon footprint.

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