Hose Pump Market is estimated to cross US$ 1 Bn by 2031

Hose Pump Market: Introduction

Transparency Market Research delivers key insights on the global hose pump market. In terms of revenue, the global hose pump market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global hose pump market report.

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In this market report, TMR predicts that the global hose pump market would largely be driven by factors such as rising number of water treatment plants across the world. Moreover, growing number of chemical and food & beverage industries is expected to boost the demand for hose pumps in the upcoming years.

The hose pump market report covers maximum pressure, hose material, maximum flow, end use, and distribution channel. In terms of maximum pressure, the market is segmented into below 2 bar, 2 to 4 bar, 4 to 6 bar, 6 to 8 bar, 8 to 16 bar, 16 to 32 bar, and 32 to 64 bar; the hose material segment consists of natural rubber, nitrile rubber, neoprene, PVC, silicone, polyurethane, and others; the maximum flow segment has been classified into up to 2 m³/h, 2 to 4 m³/h, 4 to 6 m³/h, 6 to 8 m³/h, and 8 to 10 m³/h.

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In terms of material, the PVC segment is expected to remain popular among manufacturers, owing to its better torsion resistance and flexibility property. The rising demand for hose pumps made of hybrid material is also gaining demand from users to perform specific industrial applications.

In terms of flow rate, the below 2 m³/h segment accounted for a major market share in 2021, and is expected to maintain its dominance in the near future. Hose pumps deliver pulsatile flow. The frequency and amplitude of oscillations required to obtain a given flow rate vary between pumps by the number of rollers, their rotation frequency, and the diameter of the tubes.

Hose Pump Market: Prominent Regions

The market in Asia Pacific is expected to expand at a rapid CAGR due to the extensive growth of the water & wastewater treatment industry in China and India. In recent years, Asia Pacific witnessed an increase in foreign direct investment in China and India, which resulted in high demand for hose pumps.

Manufacturers are expanding their product lines to meet the increasing demand for hose pumps. Moreover, strong product innovation among manufacturers with newer features in hose pumps is projected to boost the market during the forecast period.

In 2020, the North America hose pump market was dominated by the U.S., which captured 28% share compared to 9.5% share of Canada in 2019. This translates into higher industrial investment in the U.S. The market in Canada is anticipated to expand at a CAGR of 4.5% from 2021 to 2031.

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This release was published on openPR.