NEW YORK, May 25, 2015 /PRNewswire/ --
The Global Dosing System Market is a diverse market comprising
of various equipment. The safety and efficiency of the dosing
systems are the key factors considered by the end-users. The global
dosing market is segmented based on application, technology and
geographic perspective. The market is estimated to generate revenue
of $4.9 billion in 2015 and forecast
to grow at a rate of 4.9% to reach $6.4
billion by 2020. Rapid Industrialization and need for clean
water are the key drivers of this market.
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The dosing systems demand is driven by increasing investments in
the segments like water treatment, oil & gas, and power
generation in the developing economies. However, the most prominent
factor fuelling the market growth is the stringent regulations
enforced in the end-use industry by the regulatory agencies of
various countries. The dosing system manufacturers are investing
into R&D for better and efficient performance in the end-use
industry.
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Major applications of dosing systems are in the industries such
as Water Treatment, Power Generation, Oil & gas Chemical
Processing and Food & Beverage. Dosing Systems are used in
industries as well as in residential or commercial purposes. These
systems are used for water treatments in swimming pools, washing
machines, dishwashers, huge plants and many other applications.
Use of digital dosing system has made it convenient for the
users to feed the chemicals in right proportion. Digital dosing
systems provide higher control, precision and safety since every
operation is automated and operated using electronic equipment like
controllers and so on. Dosing systems can now be operated from
anywhere in the world due to digitalization as they are connected
to the internet and hence, can be operated remotely; thereby
data can be saved and evaluated at any time. This technology
is attracting the end-users and hence, driving the growth of dosing
systems industry.
Key technologies of dosing system included in the study are:
Diaphragm, Plunger/Piston, Cavity, peristaltic and others.
Diaphragm dosing system accounted for the maximum share and is
growing at the fastest CAGR owing mainly to its usage in Oil &
Gas and Power Generation segments. Cavity dosing systems are also
poised to exhibit rapid growth due to its usage in various
industries.
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The dosing market is evolving significantly owing to the growth
of its end-use market. The top players in the market have the wide
distribution channel, along with significant R&D capital. The
companies are continuously investing into R&D new product
launches and innovations in order to increase sales and gain market
position. Some of the key players in the dosing system market are
IDEX Corporation (U.S.), Grundfos Holdings A/S (Denmark), Lewa GmbH (Germany), NETZSCH (Germany) and Prominent Group (Germany). These players account for
approximately 32% of the total market. The regional players have a
major market owing mainly to the low cost availability of dosing
systems by these players.
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