Press release
Hygienic Pumps Market is Expected to Reach $2,704.8 Million by 2026 | Grundfos, Sterling SIHI, Dover Corporation, Blagdon Pump
Hygienic Pumps Market is expected to reach USD 2,704.8 million by the end of 2026.Bizlytik analysts forecast the global Hygienic Pumps market to grow at a CAGR of 6.5% during the forecast period, according to their latest market research report.
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Hygienic pumps are installed in processing centers and manufacturing facilities to transport & handle aggressive fluids and prevent their leakage in high-purity, high pressure working conditions, to safeguard the workforce and end-products against exposure or contamination to toxicity.
The wide product application in several end-user sectors that look to reduce the risks of alteration to ingredients and raw materials during manufacturing processes would improve the overall growth prospects of the market. The hygienic pumps assist in the maintenance of sensitive fluids that might cause environmental degradation, thereby improving workflow and efficiency levels. The hygienic pumps are thus installed to elevate hydraulic efficiency, thereby decreasing energy costs and influencing the market growth. The improvement in product performance through technological development ensures continued product application in the processing of personal care & cosmetic products, enhancing new opportunities for market growth and product range expansion in the coming years.
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Centrifugal Type, Positive Displacement, and Others are covered in the Type segment of the market scope, while the Application segment is categorized into Pharmaceutical, Food, and Cosmetics. The report covers Type and Application value of the market, both in terms of global perspective and regional categorization.
The Food segment by Application was valued at USD XX million in 2019 and is estimated to reach USD XX million by 2026; growing at a CAGR of 6.3% during 2020-2026. The installation of hygienic pumps for the mandatory maintenance of clean, germ-free working conditions in food processing & packaging centers and prevent food contamination during the transport & handling of corrosive chemicals and raw materials would boost the segment growth over the forecast period.
North America, Europe, Asia Pacific, South America, and Middle East & Africa are taken into consideration while arriving at the global market figures. While North America is further categorized into the United States, Canada, and Mexico, Europe is split into the United Kingdom, Germany, France, Italy, and Rest of Europe. Asia-Pacific covers India, China, Japan, South Korea, and Rest of Asia Pacific in its scope. South America is bifurcated into Brazil, Argentina, and Rest of South America, with Middle East & Africa involving GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.
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Asia-Pacific Hygienic Pumps market was valued at USD XX million in 2019 and is expected to reach USD XX million by 2026; growing at a CAGR of XX% over the forecast period. The increasing number of food processing facilities to cater to the ever-growing local population and rising awareness towards the minimal contamination of food and pharmaceutical products would influence the higher number of hygienic pump installation in the region, furthering market growth.
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The Hygienic Pumps market is highly fragmented, with several global and regional players competing in the existing market scenario to expand business opportunities through rising product sales and improvement in product service-life. New product launches in developing regions through the expansion of manufacturing capabilities and extension of new business opportunities through mergers & acquisitions are the primary business strategies of the top players.
Grundfos is one of the most significant companies of the global Hygienic Pumps Market in terms of production value, with Sterling SIHI and Dover Corporation among many other vendors to hold substantial market share.
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Bizlytik is a market research and consulting firm which operates in the business to business research space. We provide qualitative and quantitative research reports for all the major industry domains to clients across the globe. Bizlytik is one of the leading provider of global business intelligence which includes, market, product, consumer, competitor, and vendor information along with insightful analysis.
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