Dosing systems market has exhibited strong demand over the last few years. The global market size of Dosing systems was estimated to be $3.5 billion in 2014. According to this latest market research report, the Dosing Systems Market is estimated to grow at a CAGR of 5% by 2020.
Increasing manufacturing automation global dosing systems market for F&B industry is set to grow over 4.7% during 2015-2020.
Segment Wise Outlook:
The Dosing System Market is extensively used in various manufacturing and processing industry verticals for precision, effectiveness, and faster outputs.
The major applications of dosing systems include: Water Treatment, Power Generation, Oil & Gas, Chemical Processing and Food & Beverage. Water treatment is accounted to be the major application.
Market Driving Factors:
Growing unclean waters in the society and the need to clean the same, to make it fit for drinking as well as for usage is driving the global dosing systems market.
Technological advancements coupled with chemical processing industries are the next leading driving factor for the dosing system market.
Food and beverages industry is another propellant to the market globally owing to the increasing awareness of safety concerns.
Increasing emphasis on improving farming methods in China and India are providing a strong impetus to the dosing system market growth in agriculture. Companies are investing in R&D to develop new and improved Dosing systems to meet evolving needs of the end users.
Owing to water treatment industries of both drinking as well as waste waters, developed regions like North America and Europe are estimated to grow at the fastest CAGR rates during the forecast period 2015-2020. The increase in demand from food & beverages, water and chemical industries in the emerging economies such as China and India are going to make these regions strong too.
IndustryARC segments the Dosing Systems Market into...