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Peristaltic Pumps Market Report 2023-2032: Market Size, Growth Drivers And Key Trends
Peristaltic Pumps Global Market
The Business Research Company's Peristaltic Pumps Global Market Report 2023 identifies increasing need for wastewater treatment as the major driver for the Peristaltic Pumps market's growth in the forecast period. Wastewater treatment is the method of removing pollutants from wastewater or sewage and converting it to an effluent that can be added to the water supply with minimal environmental effects. Peristaltic pumps are the preferred pump for dosing sodium hypochlorite due to their highly accurate metered flow, which is used in wastewater treatment to destroy bacteria.
The global peristaltic pumps market size grew from $1.51 billion in 2022 to $1.67 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the peristaltic pumps market is expected to grow to $2.48 billion in 2027 at a CAGR of 10.4%.
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Major competitors in the Peristaltic Pumps market are Watson-Marlow Fluid Technology Group, Verder Group, Cole-Parmer Instrument Company LLC, ProMinent Group, Graco Inc., Randolph Austin.
A key trend in the Peristaltic Pumps market includes technological advancements. Peristaltic pump manufacturing companies are focusing on developing innovative technical solutions for peristaltic pumps with increased accuracy and the ability to pump fluids at low pressures. For instance, in January 2020, a US-based Cole-Parmer Instrument Company, LLC launched Reglo Peristaltic Pump Series, built to be highly accurate low-flow (100 mL/min) models with MasterflexLive technology and compliant with 21 CFR Part 11 and EU Annex 11 regulations. The combination of features intends to provide a fluid handling experience that is connected, responsive, strong, and stable. In March 2016, Watson-Marlow Fluid Technology Group, a UK-based manufacturer of positive displacement pumps, launched 530 series peristaltic pumps for upstream and downstream bioprocessing tasks with high precession and accuracy.
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The Peristaltic Pumps market is segmented -
• By Type: Peristaltic Tube Pumps, Peristaltic Hose Pumps
• By Product Type: Fixed Speed Pumps, Variable Speed Pumps
• By Discharge Capacity: Up to 30 psi, 30-50 psi, 50-100 psi, 100-200 psi, Above 200 psi
• By End-User: Pharmaceutical And Medical, Water And Wastewater Treatment, Food And Beverage, Chemical Processing, Mining, Pulp And Paper, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Peristaltic Pumps market.
The Business Research Company's "Global Peristaltic Pumps Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Peristaltic Pumps Market Include:
1. Executive Summary
2. Peristaltic Pumps Market Characteristics
3. Peristaltic Pumps Market Trends And Strategies
4. Peristaltic Pumps Market - Macro Economic Scenario
5. Peristaltic Pumps Market Size And Growth
……………………………………………………
26. Africa Peristaltic Pumps Market
27. Peristaltic Pumps Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Peristaltic Pumps Market
29. Peristaltic Pumps Market Future Outlook and Potential Analysis
30. Appendix
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