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Strategic Analysis of North American Metering Pumps Market
Frost & Sullivan, June 2009, Pages: 46
This Frost & Sullivan research service titled Strategic Analysis of North American Metering Pumps Market provides revenue forecasts for the total market and each product type across various end users. The analysis includes competitive structure and market share analysis by each product type. In this research, Frost & Sullivan's expert analysts thoroughly examine the following market sectors: diaphragm metering pumps and piston and plunger metering pumps; technology: digital dosing.
Market Overview
Need for Intelligent Metering Pumps Enhances Growth Prospects of the North American Metering Pumps Market
With customers increasingly demanding superior quality, reliability, and accuracy in metering, the North American metering pumps market is all set to surge. Market participants will be aware that the population growth has created a resultant need to upgrade and modernize the municipal water and wastewater treatment plants, opening up significant revenue streams. Moreover, plants are leaning toward automation in their desire to reduce lead times, unnecessary wastage, and unplanned downtime as well as ensure the safety of the environment and their personnel. Metering pump suppliers are looking to make the most of this automation trend by offering value-added, interoperable Ethernet and BUS options such as Foundation Field BUS, ProfiBUS, MOD-BUS, and HART.
However, this shift in customer focus to modern and turnkey solutions is challenging metering pump suppliers to expand the boundaries of their expertise. 'Providing better instrumentation and controls to improve system efficiency requires suppliers to extend their application and product knowledge into products they do not deal with,' says the analyst of this research. 'This situation has compelled suppliers to ink strategic partnerships and acquisitions that will give them the technical skills required to meet customer demand.'
Participants will also have to strategize to deal with the current economic downturn, as the credit crunch has resulted in the cancellation or deference of major projects across industries. Equipment suppliers are hard hit by this drop in demand, but they can take heart from environmental legislation and the need to save energy, which are sustaining the sales of metering products. 'Regulations and directives focus mainly on improving metering accuracy to prevent chemical overfeeding,' notes the analyst. 'This helps to minimize the introduction of any polluting by-products through chemical reactions.' Carbon-emission reduction through carbon capture and sequestration (CCS) is expected to fuel future market growth, while plant modernization initiatives will boost the uptake of smart and intelligent pumps that can help save energy.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Diaphragm metering pumps
- Piston and plunger metering pumps
Technology
The following technology is covered in this research:
- Digital dosing
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