Peristaltic Pumps Market Expected to Reach $2.2 Billion by 2031

According to a new report published by Allied Market Research, titled, "Peristaltic Pumps Market," The peristaltic pumps market was valued at $1.2 billion in 2021, and is estimated to reach $2.2 billion by 2031, growing at a CAGR of 5.9% from 2022 to 2031.

𝙂𝙚𝙩 𝙞𝙣𝙨𝙞𝙙𝙚 𝙎𝙘𝙤𝙤𝙥 𝙤𝙛 𝙩𝙝𝙚 𝙧𝙚𝙥𝙤𝙧𝙩, 𝙧𝙚𝙦𝙪𝙚𝙨𝙩 𝙛𝙤𝙧 𝙨𝙖𝙢𝙥𝙡𝙚: - https://www.alliedmarketresearch.com/request-toc-and-sample/17459

Commonly observed types in peristaltic pumps include hose pump, and tube pump. Among these, the tube pump segment accounted for the highest market share in 2021, owing to its high capacity and long life. Further, the dispensing segment under the application registered a higher revenue in 2021, owing to growth of food & beverage industry. In addition, the market is analyzed between different end-user industry of peristaltic pumps, including food & beverages, and manufacturing. The market is mainly driven by the rise industries such as pharmaceuticals, and food & beverages, along with other industries. However, limited applications and frequent maintenance of peristaltic pumps facilities constraints the peristaltic pumps market growth.

In 2021, Asia-Pacific dominated the global peristaltic pumps market share, in terms of revenue. Moreover, the market in LAMEA is expected to grow with the highest CAGR. This is attributable to large pharmaceutical in the region.

𝙈𝙖𝙠𝙚 𝙖 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙄𝙣𝙦𝙪𝙞𝙧𝙮: - https://www.alliedmarketresearch.com/purchase-enquiry/17459

Furthermore, on the basis of end-user industry, the manufacturing segment is anticipated to grow rapidly during the forecast period, owing to increased demand for manufactured products such as cosmetics, chemicals and pharmaceuticals.

Key players in the market offer a wide range of products and services to sustain the harsh competition in the market. In addition, business expansion is also playing a major role in driving the growth of the market. For instance, in January 2021, Watson-Marlow Fluid Technology Group announced the details of the new U.S. manufacturing facility, which will be located in Devens, Massachusetts. The new facility which will be dedicated to its range of industry leading products, including peristaltic pumps, tubing, fluid path solutions and BioPure components. This expansion will help the company to gain more customers and better serve the existing customers in the region.

However, various businesses in the peristaltic pumps market had to stop their business in countries such as Canada, the U.S., and Europe, during the pandemic lockdown. This break directly impacted sales of companies involved in peristaltic pumps business. Thus, affecting the peristaltic pumps market forecast. In addition, lack of manpower and raw materials constricted supply of raw materials for manufacturing various peristaltic pumps components; and negatively influenced the growth of the market. However, after two years of COVID-19 outbreak and introduction of vaccinations, the severity of the pandemic has significantly reduced and key players in the market are recovering rapidly.

Key companies profiled in the peristaltic pumps market report include Boyser, Cole-Parmer Instrument Company LLC, FLOWTECH, Gilson Inc., Graco Inc., Heidolph Instruments, IDEX Corporation, Jieheng Peristaltic Pumps Co., Ltd., ProMinent Group, Pumpsquare Systems LLP, Randolph Austin, Ravel Hiteks Pvt. Ltd., TMVT Industries Pvt. Ltd, Valmet Corp, (Flowrox Oy), Verder Group, Wanner Engineering, and Watson-Marlow Fluid Technology Group

𝙏𝙤 𝙋𝙪𝙧𝙘𝙝𝙖𝙨𝙚 𝙩𝙝𝙞𝙨 𝙋𝙧𝙚𝙢𝙞𝙪𝙢 𝙍𝙚𝙥𝙤𝙧𝙩: - https://www.alliedmarketresearch.com/checkout-final/f1ea3404d3d73f8c89eed67d3b230b57

Key Findings of the Study

The report provides an extensive analysis of the current and emerging peristaltic pumps market trends and dynamics.
By type, the tube pump segment dominated the peristaltic pumps market size, in terms of revenue in 2021 and hose pump is projected to grow at a significant CAGR during the forecast period.
By application, the dispensing segment registered higher revenue in 2021.
By end-user industry, the food & beverage segment is anticipated to grow at a higher CAGR during the forecast period.
LAMEA is projected to register highest growth rate in the coming years.
The key players within the peristaltic pumps market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the peristaltic pumps industry.
The report provides an extensive analysis of the current trends and emerging opportunities of the market.
In-depth peristaltic pumps market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.