TechNavio recognizes the following companies as the key players in the Global Metering Pump Market: Dover Corp., Grundfos Pumps Corp., Idex Corp., and Nikkiso Co. Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “The increased popularity of digital pumping solutions is a major trend in the Global Metering Pump market. Digital pumps have process controllers and variable speed drives. The advanced digital pumps are capable of detecting flaws in the system such as cavitation and thus provide efficient service. The adoption of digital technology has increased the accuracy and the efficiency of the metering pumps. Moreover, the digital pumps are capable of monitoring the flow and speed of the fluid with more accuracy. This trend is expected to boost the Global Metering Pump market during the forecast period.”
According to the report, one of the major growth drivers in the market is the increasing demand for safe drinking water. The demand for safe drinking water is increasing at a very high rate globally.
Further, the report states that one of the major challenges in the market is the increase in price wars among the vendors. Vendors are forced to reduce the price of the products in order to stay afloat in the competitive market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-metering-pump-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report – Global Metering Pump Market 2014-2018
