The global hydraulic dosing pump market is expected to grow at a CAGR of 4.25% during the forecast period. Based on end-user, the global hydraulic dosing pump market has been segmented into five industries which include chemical, oil and gas, water and wastewater, food and beverage, and others. As per the latest market research report published by Technavio, the global hydraulic dosing pump market size will grow by USD 168.97 million during 2019–2023. Get the free sample report below for the detailed information.
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The chemical industry is the largest consumer of hydraulic dosing pumps as it requires a controlled injection of additives, catalysts, and other chemical processes. EMEA and APAC are the most significant contributors to the chemical industry as countries such as China, France, the UK, Canada, and the Nordic countries have made substantial investments in the sector.
Furthermore, several regulatory agencies have imposed stringent environmental regulations such as the Pollution Prevention Act and Environment Protection Act to restrict the manufacturing facilities across the chemical and petrochemical industries from releasing untreated toxic waste as it is extremely harmful to the environment. Therefore, such regulations have prompted manufacturing facilities to upgrade their pipelines and other components to prevent leakage and improve their overall operational efficiency, which is expected to drive the growth of the segment in the global hydraulic dosing pump market during the forecast period.
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