Hydraulic Dosing Pump Market | Competitive Analysis, Industry Dynamics, Growth Factors & Opportunities by 2023

The report "Hydraulic Dosing Pump Market by Type (Diaphragm, Piston), End-user (Agriculture, Livestock, Industry (Water, Oil & Gas, Chemical, Power)), Discharge Pressure (Up to 25 Bar, 25-100, Above 100 Bar), and Region - Global Forecast to 2023", The hydraulic dosing pump market is expected to grow from an estimated market size of USD 771.8 million in 2018 to USD 949.3 million by 2023, at a CAGR of 4.23%. The overall market is set to witness significant growth because of the growing demand for accurate and precise dosing from chemical, oil & gas, and manufacturing industries, along with increasing investments in the water & wastewater treatment sector. Increasing implementation of smart dosing technology coupled with refining capacity additions in the Asia Pacific and the Middle East are the major opportunities for the hydraulic dosing pump market.

Browse 66 market data Tables and 42 Figures spread through 129 Pages and in-depth TOC on "Hydraulic Dosing Pump Market  - Global Forecast to 2023"

 
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Diaphragm: The largest type segment during the forecast period

The diaphragm segment is expected to hold the largest share of the hydraulic dosing pump market during the forecast period. Growing investments in the chemical and water & wastewater treatment sectors along with increased focus on digitalization of manufacturing processes are the major factors driving the hydraulic dosing pump market in the Asia Pacific. Furthermore, the region is expected to witness significant additions in its refining capacity which will involve various expansions and upgradation projects and new refinery setups during the forecast period. Diaphragm pumps are highly preferred in these industries because of its ability to handle hazardous, toxic, or corrosive chemicals. These factors have resulted in the highest market share of the diaphragm segment in the hydraulic dosing pump market.

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Hydraulic dosing pump market for up to 25 bar discharge pressure to grow at a higher CAGR during the forecast period

The market for up to 25 bar segment is expected to grow at a higher CAGR during the forecast period. Hydraulic dosing pumps with discharge pressure up to 25 bar are used for dosing purposes in sectors including oil & gas, chemical & petrochemical, power generation, water treatment, and manufacturing. Thus, the rise in demand for hydraulic dosing pumps led by significant investments in these industries is expected to drive the demand for hydraulic dosing pumps during the forecast period.

Asia Pacific: The fastest-growing market for hydraulic dosing pumps

In this report, the hydraulic dosing pump market has been analyzed on the basis of 5 regions: Asia Pacific, North America, Europe, and the Middle East & Africa. The hydraulic dosing pump market in the Asia Pacific is driven by countries such as China, India, South Korea, and the ASEAN. The demand for hydraulic dosing pumps in this region is driven by rising refining capacity additions, investments in water & wastewater treatment sector, and demand from the manufacturing industry.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiling of some of the key players in the hydraulic dosing pump market. These players include Dover Corporation (US), Grundfos (Denmark), SPX Flow (US), IDEX Corporation (US), and LEWA (Germany). Leading players are trying to establish themselves in the markets of developing economies and are adopting various strategies to increase their market shares.

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Biopreservation Media Market Poised to Witness Impressive Growth in the Years to Come

Biopreservation is a rapidly emerging field that involves storage of cells and tissues in a chemically-treated environment in order to preserve biological samples. Cryopreservation, vitrification, and hypothermic storage are the most common procedures for biopreservation that used widely in laboratories and clinical settings. Biopreservation media is a globally-recognized and an effective method of preserving specimens, which helps in maintaining the stability, integrity, and functionality of cells outside of their natural environment until their end-use. Human tissue biobanking which is used in clinical trials for the implementation of novel biomarkers is expected to escalate the demand for biopreservation storage media, thereby fueling the growth of the market, globally. Moreover, huge investments coupled with increased R&D activities are expected to further stimulate the growth of the biopreservation media market.

Market Scenario & Predictions
The global biopreservation media market which was valued at $247.7 Million in 2014 is projected to reach $571.5 Million by the end of 2019, growing at a CAGR of 18.2% during the forecast period of 2014 to 2019.

Of all the regions, North America was the largest market in 2014, followed by Europe, APAC, and RoW. It currently holds 47.3% of the total market share, and is expected to grow at a CAGR of 17.7% during the forecast period, reaching $265.0 Million by 2019, owing to the advancements in the field of biotechnology in the U.S. and Canada. However, Asia-Pacific is estimated to be the fastest-growing market with a CAGR of 21.2%.

Based on type, the home-brew media segment being a highly competitive segment dominates the market with largest share, whereas the segment of pre-formulated media is still in the growing phase. On the basis of application, biobanking is the leading segment.

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Drivers for the Market

The significant growth of the global market for biopreservation media can be majorly attributed to the following factors:

•    Advancements in biobanking technology and regenerative market
•    Growing investments and R&D activities in cell-therapy and regenerative medicine by corporate, government, and non-government organizations
•    Increasing demand due to the growing awareness regarding its benefits

Major key players are,
Lifeline Scientific Inc. (U.S.), BioLife Solutions Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Sigma-Aldrich Corporation (U.S.), Wak-Chemie Medical GmbH (Germany), VWR International LLC (U.S.), and others.

Apart from this, new product developments and launches is one of the key strategies adopted by the market players in order to sustain their hold on the market by providing the customers with newer and efficient products.

Growing Intrauterine Contraceptive Device Industry

The global intra-uterine contraceptive devices (IUCD) market was valued at $3,314.6 million in 2014, which is expected to reach a value of $4,605.6 million by 2019, at a CAGR of 6.8% from 2014 to 2019.

The global intrauterine contraceptive devices market is segmented on the basis of type which includes hormonal IUCD and copper IUCD. The copper IUCD segment contributed for the maximum share of 51.9% in 2014, followed by hormonal IUCD with 48.1% share. On the basis of products, this market has been segmented into Mirena, Skyla, ParaGuard, and Essure. In terms of geography, the market covered regions, such as Asia, Europe, North America, and Rest of the World (ROW).
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The growth of the intrauterine contraceptive devices market is driven by factors such as rising rate of unplanned pregnancies, effective contraception and minimum side effects of IUCD, implementation of Affordable Care Act (ACA), higher number of initiatives undertaken by private firms directed towards reducing the expenses related to abortion, and technological advancements.