Peristaltic Pumps Market Growing Popularity and Emerging Trends Strikes Uptakes for Growth by 2031

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.

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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.

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.

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Top Players:
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

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.

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