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With 3.7% CAGR, Hygienic Pumps and Valves Market Growth to Surpass USD 2.8 billion

06-05-2023 10:18 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

With 3.7% CAGR, Hygienic Pumps and Valves Market Growth

The global hygienic pumps and valves market size is anticipated to grow from USD 2.3 billion in 2023 to USD 2.8 billion by 2028, at a CAGR of 3.7% from 2023 to 2028. Hygienic valves control, regulate, and divert the flow of liquids or slurries, whereas hygienic pumps transport the flow of liquids or slurries.

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By valve type, the butterfly valves segment held a significant share of the hygienic pumps and valves market in 2022. Hygienic butterfly valves regulate or isolate the flow of slurries or fluids. The valves are named after their butterfly-shaped disc. They typically include a circular body, a disc, a stem, and an actuator. These are straightforward ON/OFF routing valves with a low flow resistance and substantial opening area. Such valves comprise a circular disc with a pivot axis at right angles to the flow direction. These valves are specially designed to shut off depending on the control tops applied to the valve. Such valves are typically used to control air or liquid flowing through a circular tube or pipe and are used for low- and medium-viscosity liquids. They work both manually and automatically. The butterfly valves have several advantages: they are cost-effective, quick, efficient, and provide excellent pressure control.

By operation mode, the manual segment is expected to grow with an impressive CAGR during the forecast period. Manually operated hygienic valves are directly actuated. These valves use a device such as a hand lever or handwheel to start and stop the flow of fluids. Hygienic valves with manual operation for ON/OFF function enable fluid flow to move straight through the valve body with a full-area closure element, resulting in no pressure drop. Manually operated valves are also used in throttling to control the flow of the slurries or liquids and provide a definite flow characteristic. Apart from the ON/OFF and throttling functions, manually operated valves are also used to combine or divert fluid flow through three- or four-way design configurations. The manual operation of valves is reliable, cost-effective, and does not require a power source.

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Europe is projected to grow at a significant CAGR during the forecast period. In Europe, increased investments in process industries, stringent environmental regulations, the high demand for process safety systems, and the evolution of the Industrial Internet of Things (IIoT) are fostering the growth of the regional hygienic pumps and valves market. The huge demand for processed products in the region and the increased need for localization of products are the major factors attracting fresh investments in the food & beverages, pharmaceuticals, dairy, and cosmetics industries. The primary reason behind this dominance is the vast presence of leading pharmaceutical and cosmetics companies. In these industries, hygienic pumps and valves are required to maintain the necessary hygiene standards, and thus their demand is high in these industries.

News also Covered: https://www.prnewswire.com/news-releases/hygienic-pumps-and-valves-market-worth-2-8-billion-by-2028---exclusive-report-by-marketsandmarkets-301839667.html

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MarketsandMarkets™ INC.
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