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Peristaltic Pumps Market 2024 - By Industry Analysis, Competitive Landscape, Growth Factors, Revenue And Outlook By 2033
Peristaltic Pumps Market
Peristaltic Pumps Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $2.44 billion In 2028 At A CAGR Of 8.7% :
The peristaltic pumps market size has grown strongly in recent years. It will grow from $1.62 billion in 2023 to $1.75 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to growing demand for pharmaceutical products and emerging markets growth.
The peristaltic pumps market size is expected to see strong growth in the next few years. It will grow to $2.44 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to rapid industrialization and growth in manufacturing industries and rising investments in water and wastewater treatment infrastructure. Major trends in the forecast period include advanced peristaltic filling pumps, touch screen technology, new product launches, technology advancements and mergers and acquisitions.
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Peristaltic Pumps Market Major Segments
The peristaltic pumps market covered in this report is segmented -
1) By Type: Peristaltic Tube Pumps, Peristaltic Hose Pumps
2) By Product Type: Fixed Speed Pumps, Variable Speed Pumps
3) By Discharge Capacity: Up to 30 psi, 30-50 psi, 50-100 psi, 100-200 psi, Above 200 psi
4) By End-User: Pharmaceutical And Medical, Water And Wastewater Treatment, Food And Beverage, Chemical Processing, Mining, Pulp And Paper, Other End-Users
Key Driver - Rising Investments In Water And Wastewater Treatment Infrastructure Boost Peristaltic Pumps Market
During the forecast period, the rising investments in water and wastewater treatment infrastructure will support the growth of the peristaltic pumps market. Peristaltic pumps are widely used in wastewater treatment systems for handling viscous sludge with a high solid concentration. According to the US Environmental Protection Agency (EPA) estimates, about $655 billion in investment will be needed in the next 20 years for water and wastewater infrastructure in the USA. In August 2022, the US Environmental Protection Agency and the US Department of Agriculture launched a pilot project to support wastewater infrastructure and to address unmet sanitation needs in rural areas throughout the USA. Therefore, the growth in water and wastewater treatment infrastructure investments will drive the peristaltic pumps market.
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Prominent Trend - Touch Screen Technology Drives Advancements In The Peristaltic Pumps Market
The use of touch screen technology is a key trend gaining traction in the peristaltic pumps market, featuring peristaltic pumps with a touch screen display of flow rate, dispensed volume and flow direction for real-time monitoring. For example, in February 2021, High Purity New England (HPNE), a US-based supplier of single-use solutions for the biopharmaceutical industry, launched the VerderFlex Vantage 5000 peristaltic pump from Verder Inc, a Netherlands-based manufacturer of pumps. According to a press release from HPNE, the pump has a flow rate range of 70 l/min to 6600 ml/min, is suitable for low to medium flow at low to medium pressures and has record-keeping and control features as well as high resolution 4000:1 turndown drive. Additionally, the pump features a touch screen, downloadable jobs and pump histories and the capability of remote pump monitoring via the Verderflex App. The touchscreen also offers icon-based programming, real-time events with timestamps and USB (universal serial bus) onboard storage capabilities.
Peristaltic Pumps Market Players
Major companies operating in the peristaltic pumps market report are Valmet Oyj, IDEX Corporation, Ingersoll Rand, Spirax-Sarco Engineering plc, Graco, Inc, Cole-Parmer Instrument Company LLC, Randolph Austin, ProMinent GmbH, Gilson Incorporated, Wanner Engineering Inc., Varco Group, Apex Pumps, Optima Instruments, Flowtech, Global Pumps, Kelair Pumps Australia, Jieheng Peristaltic Pumps Co. Ltd, Ravel Hiteks Pvt Ltd, Ostech Fluid Technologies, Chongqing Jieheng Peristaltic Pumps Co. Ltd, Lefoo industrial Co. Ltd, IATEC, Lead Fluid Technology Co. Ltd., Watson-Marlow Fluid Technology Group, Tapflo UK, Verder Group, Heidolph Instruments, Albin Pumps, WELCO Co Ltd., Verderflex Peristaltic Pumps, Albin Pump, Royal Eijkelkamp, Orientflex Peristaltic Pump
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the peristaltic pumps market in 2023. The regions covered in the peristaltic pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Peristaltic Pumps Market Report Structure
3. Peristaltic Pumps Market Trends And Strategies
4. Peristaltic Pumps Market - Macro Economic Scenario
5. Peristaltic Pumps Market Size And Growth
…..
27. Peristaltic Pumps Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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