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Dispensing Pump Market Trends

Report ID: GMI7645
Published Date: Dec 2023
Report Format: PDF

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Dispensing Pump Market Trends

The integration of smart technologies and automation in dispensing pumps has been a notable trend. Smart pumps equipped with sensors, connectivity, and programmable features allow for precise control and monitoring, contributing to efficiency and process optimization. There is a continuous trend towards improving the precision and accuracy of dispensing pumps, particularly in industries where small volumes and exact dosing are critical, such as pharmaceuticals, electronics manufacturing, and biotechnology. Sustainability has become a significant focus in the dispensing pump industry. Manufacturers are developing eco-friendly and recyclable materials, reducing energy consumption, and exploring ways to minimize the environmental impact of dispensing pump systems.

Authors: Avinash Singh, Sharad Varpe

Frequently Asked Questions (FAQ) :

The market size of dispensing pump was worth USD 7.7 billion in 2023 and is anticipated to register a CAGR of over 5.6% between 2024 and 2032, driven by the need for precise and controlled dispensing in industrial automation processes, including manufacturing and assembly lines.

The positive displacement pump segment accounted for USD 2.7 billion in 2023 and is expected to grow at a lucrative pace through 2032, fuelled by its utility in the chemical industry for metering and dispensing precise amounts of chemicals.

What factors are pushing the growth of the U.S. dispensing pump market? The U.S. dispensing pump industry generated a revenue of over USD 4.04 billion in 2023 and is poised to grow at a robust rate through 2032, driven by the extensive usage of product in booming sectors, such as medical institutions, food & beverages, cosmetics & personal care industries.

Graco Inc., Idex Corporation, Watson-Marlow and Fluid Technology Group are some of the major industry contenders.