PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1355746
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1355746
According to SPER Market Research, 'Chemical Injection Pump Market Size- By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Chemical Injection Pump Market is predicted to reach USD 70.90 billion by 2033 with a CAGR of 7.7%.
The market for chemical injection pumps is expected to increase significantly over the course of the projected period due to increasing industrialization in nations like China, India, and Japan. Additionally, the market for chemical injection pumps is predicted to experience attractive growth prospects due to the popularity of electric and solar chemical injection pumps along with the adoption of smart digital injecting technology.
Global sales of chemical injection pumps were somewhat affected by the COVID-19 outbreak. The market eventually recovered, despite the initial interruption leading to project delays and decreased demand in some sectors, such as the oil and gas industry. Chemical injection pumps have become more popular as a result of rising public concern over hygiene and the necessity for effective chemical dosing across a range of industries, including water treatment, healthcare, and disinfection initiatives.