Press release
Peristaltic Pumps Market Analysis: Exploring Market Share Dynamics, Growth Drivers, Emerging Trends, and Competitive Insights Fueling Market Demand
The new report published by The Business Research Company, titled Peristaltic Pumps Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, 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 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%.
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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.
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.
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
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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
Contents of the report:
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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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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