As the population across the globe is increasing, the demand for fresh and clean water is also surging. However, owing to swift industrialization, water bodies have been polluted. This has caused a major crisis, especially in developing countries, where adequate facilities are not present for catering to the needs of people. In order to take care of this problem, governments of various countries have implemented several regulations regarding water treatment. 

Since metering pumps are used widely in the water treatment sector, the global metering pump market is expected to grow at a considerable pace in the years to come. These pumps are utilized for feeding chemical additives to the wastewater for eliminating slurry, pollutants, and harmful microorganisms. Other than water treatment plants, the demand for metering pumps is also growing from the oil gas industry.

In the industry, metering pumps are utilized in the dosing of corrosion inhibitors and the extraction of natural gas oil. The increasing product of crude oil in the U.S., Iraq, Russia, Saudi Arabia, and many other countries is driving the demand for metering pumps. According to the U.S. Energy Information Administration, 10.96 million barrels of crude oil were produced in the U.S. in 2018.

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The production of crude oil is projected to grow further in the coming years. This rising production of crude oil is projected to drive the demand for metering pumps in the coming years. The metering pump market is projected to attain a value of $6.8 billion in 2030, increasing from $4.4 billion in 2019, progressing at a 3.9% CAGR during the forecast period (2020–2030). When type is taken into consideration, the market is divided into piston and diaphragm, between which, the diaphragm division held the larger share of the market during the historical period (2014–2019).