Micro pump refers to the pumps having functionality dimension in micro meter range. Micro pumps
are specially used in microfluidic research and they are one of the most developed
microelectromechanical system (MEMS) device. Micro pumps operates on different principle
compared to existing traditional pumps including centrifugal and axial pumps.
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The Micro pump market across the globe is expected to show a substantial growth with a double
digit increase in CAGR by the year 2019. There is a significant increase in the Micro pump market
because of their improved accuracy, potential cost, size, reliability and robustness in comparison
with the existing pumps.
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The key drivers of micro pump market include improved accuracy compare to traditional pumps,
less power consumption and their cost. Some of the factors restraining the market growth are
complex design and small scale integration. Growing applications in biotechnology, micro chemical
systems, chip integrated cooling system has introduced new opportunities in the micro pump
market.
The Micro pump market can be segmented into categories such as types, application and geography.
By type the market can be segmented into mechanical and non-mechanical devices. By application
the market can be segmented into biomedical pharmaceutical and drug delivery, environmental
monitoring and security applications including others. The market is segmented geographically into
Europe, North America, APAC and Rest of World (RoW).
Some of the key players in the Micro pump market are Xiamen AJK Technology Co. Ltd.,
Micropump Inc., ET technology Ltd., Xavitech AB and many more.
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