Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Diaphragm metering pump is a type of metering pump which is used to move a precise volume of fluid (water or liquid chemical) in a particular time period over an exact flow rate during the process. Metering refers to the transportation of precise volume of fluid. In case of dangerous fluid, toxic or noxious fluid, diaphragm pumps are used for metering to avoid leakage at the seal or packaging. Diaphragm metering pump contains a diaphragm (a thin sheet of material forming partition) which does not let fluid penetrate it through and offers leakage free operation. Diaphragm metering pumps are mainly used in chemical industries and oil & petroleum industries.
Global diaphragm metering pump market is expected to witness a robust growth over the forecast period 2017-2024. Expansion of industries such as chemical and oil & petroleum and adoption of effective & safe machineries in such industries are anticipated to foster the growth of global diaphragm metering pump market over the forecast period. Geographically, the global diaphragm metering pump market is segmented in five major regions: North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
Asia Pacific region is the most promising and revenue generating region for the global diaphragm metering market and anticipated to continue its dominance over the forecast period. Emerging economics such as India and China in Asia Pacific region are the major dominating regions which are expected to drive the growth of diaphragm metering pump market in Asia Pacific region during the forecast period. Increasing number of chemical, water treatment and oil & petroleum industries in Asia Pacific region are expected to propel the demand for diaphragm metering pump in this region. North America and Europe are also contributing significantly in global diaphragm metering pump market and are expected to witness a significant growth in near future. The demand for diaphragm metering pump is expected to increase in these regions due to existing water treatment industries and established industrial sectors. CLICK TO DOWNLOAD SAMPLE REPORT
Our in-depth analysis segmented the global diaphragm metering pump market in the following segments:
Global diaphragm metering pump market is further classified on the basis of region as follows:
Diaphragm metering pumps are used in different industrial sectors such as in oil & gas, petroleum and chemical industries and others. In such industries, numerous chemicals, toxic and other additives are used to prevent corrosion and deposits in the pipes, to improve flow characteristics and for smooth operations. These additives are very dangerous and must not be allowed to come in contact with each other. High adoption of diaphragm pump on the account of above mentioned factors is driving the growth of global diaphragm metering pump market.
Modification of existing industries or development of new industries such as oil & petroleum and chemical industries in emerging economics are some of the major factors driving the growth of global diaphragm market. Additionally, rising use of diaphragm metering pump in cosmetic industries is a major growth driver which is likely to foster the growth of global diaphragm metering pump market. Increasing demand for safe drinking water and use of diaphragm metering pump in water treatment industries are one of the major drivers of global diaphragm metering pump market. This factor is expected to propel the demand for diaphragm metering pump in near future.
However, high price of diaphragm metering pump is hampering the growth of diaphragm metering pump market. Apart from this, the rising price wars among major players are restricting the innovation and technological development. This factor is anticipated to inhibit the growth of global diaphragm metering pump market.
Overview of the Parent Market
Analyst View
Segmentation
The global diaphragm metering pump market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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