Global and Regional Solenoid-Driven Metering Pumps Market Status and Competition: Top3 Companies Occupies a Market Share Over 50%

1. Global Solenoid-Driven Metering Pumps Market Overview

In 2024, the global Solenoid-Driven Metering Pumps market is expected to grow. Global sales are expected to reach 1,172.7 K Units and revenue is expected to reach $320.98 million in 2024 with a CAGR of 4.73% from 2024 to 2029. This trend reflects the steady demand and market expansion of electromagnetic drive metering pumps worldwide.

A Solenoid-Driven Metering Pump is suitable when a wider control band of discharge volume is required or when complex control using external signals is required. Technological innovation plays an important role in promoting market growth. To survive in a highly competitive market, suppliers should develop new ideas and technologies and keep pace with advanced technologies. The Solenoid-Driven Metering pump industry needs more corrosion resistance and more precise accuracy. With the development of technology, it is expected that the production of Solenoid-Driven Metering Pumps will reduce costs, improve quality, and enhance performance.

With the continuous development of the global economy and technology, the rapid development of water treatment, chemical industry, and other industries will also promote the market demand for Solenoid-Driven Metering Pumps. Driven by market demand, it is expected that the Solenoid-Driven Metering Pumps industry will continue to develop and its market will expand.

Global Solenoid-Driven Metering Pumps Market Revenue

2. Market Dynamics

Drivers

With the development of automation and precision control technology, the market demand for electromagnetic drive metering pumps continues to grow. The application of new materials and new technologies improves the accuracy and reliability of the electromagnetic drive metering pump while reducing energy consumption. Technological innovation and intelligence are important directions for the development of electromagnetic drive metering pumps, including improving the corrosion resistance and wear resistance of the pump body, extending the service life, and providing customized solutions. The development of the Internet of Things technology enables the electromagnetic drive metering pump to be integrated with the intelligent control system to achieve remote monitoring and intelligent maintenance and improve the overall operating efficiency of the system. The rapid development of water treatment, chemical, and other industries has driven the market demand for electromagnetic metering pumps, and it is expected that the electromagnetic metering pump industry will continue to develop and the market size will continue to expand.

Limitations

Market competition is one of the main risks facing the electromagnetic drive metering pump industry. Fluctuations in raw material costs can put pressure on the electromagnetic drive metering pump industry. Technology is changing rapidly, enterprises need to continuously invest in research and development to remain competitive, and the entry of foreign enterprises may pose a threat to local enterprises.

3. By Segmentation

By Type

In terms of product segment, Max. Discharge Volume: Below 500mL/min segment occupies the main part of the market, and market revenue will reach $158.20 million in 2024. Max. Discharge Volume: 500-1000 mL/min segment is expected to have a market revenue of $112.45 million, while Max. Discharge Volume: Above 1000 mL/min segment is expected to have a market revenue of $50.33 million in 2024. This shows that the market has a stable demand for electromagnetic drive metering pumps with different displacement volumes.

In many applications, such as water treatment, chemical, food, and beverage industries, the precision of liquid dosing is very high. Because of its high precision, good stability, compact structure, strong adaptability, and other advantages, the electromagnetic metering pump is needed to accurately control the liquid flow of the occasion. Electromagnetic-driven metering pumps are particularly suitable for small flow and high-pressure quantitative pump applications, mainly used in various water systems with low flow requirements. Because of its small size and lightweight, it is more convenient to install, not only saving space but also requiring no additional shock absorption device. With the advancement of automation and precision control technology, the market demand for electromagnetic-driven diaphragm metering pumps continues to grow. The application of new materials and new technologies improves the accuracy and reliability of the electromagnetic drive metering pump while reducing energy consumption. With the global emphasis on environmental protection and energy saving, low-energy, high-precision electromagnetic drive metering pumps are more in line with the needs of modern industrial production, especially in applications that require long-term continuous operation.

In terms of downstream applications, the chemicals and petrochemical industry is expected to continue to maintain the largest market share, with projected sales reaching 416.6 K Units and revenue touching $115.24 million in 2024. Drinking water and cooling water treatment are also important application areas, with projected sales of 223.8 K Units and 181.9 K Units, respectively. These data show that electromagnetic drive metering pumps are widely used in several industries, and the chemical and petrochemical industry is the largest downstream market.

The chemical and petrochemical industries require high accuracy and stability in liquid transportation. Electromagnetic driving metering pumps have been widely used in these industries because of their advantages of high precision, good stability, compact structure, and strong adaptability. The media involved in the chemical and petrochemical industry are often corrosive or abrasive, and the electromagnetic drive metering pump needs to have good corrosion resistance and wear resistance to adapt to these harsh environments and extend the service life. With the application of new material technology, the electromagnetic drive metering pump in the chemical and petrochemical industry pays more attention to improving the corrosion resistance and wear resistance of the pump body, at the same time, to meet the needs of different application scenarios, the electromagnetic drive metering pump will pay more attention to providing customized solutions. The chemical and petrochemical industry is transforming to intelligence, and the electromagnetic drive metering pump explores the integration with the intelligent control system to achieve remote monitoring and intelligent maintenance and improve the overall operating efficiency of the system.

Market Revenue and Share by Segment

4. Regional Market

In 2024, the Asia Pacific region will maintain its leading position in the global electromagnetic drive metering pump market, with sales expected to reach 441.9 K Units. The North America and Europe markets are also expected to see solid growth, with projected sales of 304.1K Units and 321.4 K Units, respectively. The market growth in these regions is driven by industrial development, technological advancements, and increasing downstream demand.

In the Asia-Pacific region, especially in China, India, and other countries, the rapid economic growth and accelerated industrialization process have increased the demand for electromagnetic drive metering pumps. The huge investment in infrastructure construction, manufacturing, and industrial automation in these countries has promoted the development of the electromagnetic drive metering pump market. With the improvement of living standards, the demand for high-quality products and services increases, especially in water treatment, chemical, pharmaceutical, and other industries, which require accurate metering pump technology. The Asia-Pacific region is increasingly investing in technological innovation and research and development, especially in the areas of automation and smart manufacturing. This has promoted the development and application of electromagnetic drive metering pump technology. Many governments in Asia-Pacific countries have issued a series of policies to support the development of industrial automation and intelligent manufacturing, providing a good policy environment and financial support for the electromagnetic drive metering pump market. In addition to China and India, emerging markets such as Southeast Asia are also rising rapidly, and the industrialization and urbanization process of these countries provide a new growth point for the electromagnetic drive metering pump market.

With the global emphasis on environmental protection and sustainable development, investment in wastewater treatment, energy conservation, and emission reduction in the Asia-Pacific region has increased, which has also promoted the development of the electromagnetic drive metering pump market.

Global  Solenoid-Driven Metering Pumps Sales Market Share by Region in 2024

5. Market Competition

The global electromagnetic drive metering pump market has a high degree of competitive concentration. In 2024, the top three players (ProMinent, Seko, and IWAKI) are expected to have a market share of 27.59%, 15.13%, and 8.35%, respectively, for a combined market share of over 50%. These companies dominate the global market and their production and sales strategies have a significant impact on the market. This highly concentrated market pattern means that these leading enterprises have strong market influence and competitiveness.

Prominent: ProMinent is committed to developing and manufacturing components and systems for metering liquids and solutions for water treatment and water disinfection. ProMinent is a manufacturer of components and systems in the metrology sector. Provide support to customers around the world. Products include: metering pumps, peristaltic pumps, measurement and control technology water parameter sensors, and other components.

SEKO: SEKO is a world-renowned manufacturer of metering pumps and metering systems. From systems designed to provide sanitation and surface cleaning to water treatment for human consumption, or water used in cooling towers, swimming pools, and countless industrial processes, SEKO provides tailor-made solutions with its professional design and manufacturing capabilities Solutions to meet any specific requirements for electromagnetic and motor-driven metering pumps, as well as measurement and analysis systems.

IWAKI: Iwaki Co. Ltd. is a leading global manufacturer dedicated to the development and supply of chemical pumps and flow control equipment. Iwaki Co. Ltd is mainly engaged in the manufacture and sale of chemical pumps and pump control equipment. The company also provides maintenance and installation services. Development and supply of chemical pumps and flow control equipment, including magnetically driven centrifugal pumps and systems, pneumatic double diaphragm pumps, high-purity pumps, chemical metering pumps, etc.

EMEC: EMEC is a family business with a global nature, with businesses all over the world, providing services and assistance to customers in many countries. There are eight EMEC branches and many distributors on all continents. EMEC has been designing and manufacturing metering pumps, disinfection systems, and control instruments for water treatment and chemical metering. The product satisfies a very wide range of applications by providing reliable and accurate instruments that are constantly updated.

LMI (Ingersoll Rand): LMI became a brand of Ingersoll Rand after being acquired by Ingersoll Rand. Ingersoll Rand is a global market leader with a broad range of innovative and mission-critical air, fluid, energy, specialty vehicle, and medical technologies, providing services and solutions to increase industrial productivity and efficiency. LMI manufactures an extensive line of Chemical Metering Pumps, pH/ORP Controllers, and related accessories for water and wastewater treatment industries. Electronic and motor-driven pumps are available for flow proportional applications and optional liquid handling configurations to handle slurries and high viscosity.

Major Players