Peristaltic Pumps Market worth 467.5 Million by 2021

The report "Peristaltic Pumps Market by Type (Tube Pumps, Hose Pumps), End-Use Industry (Pharmaceuticals, Water & Wastewater Treatment, Mining, Food & Beverages, Chemical Processing, Pulp & Paper), and Region - Global Forecast to 2021", The peristaltic pumps market was valued at USD 315.5 Million in 2015, and is projected to reach USD 467.5 Million by 2021, at a CAGR of 6.8% from 2016 to 2021. Low maintenance cost, seal-less design, and corrosion-resistant properties of peristaltic pumps are driving the growth of the market, globally.

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The peristaltic tube pump type segment is projected to lead the peristaltic pumps market

Peristaltic tube pumps are used for contamination-free pumping of shear sensitive fluids and viscous sludge or slurries. They are also utilized for dispensing, metering, and transfer of both, aggressive and neutral fluids. In peristaltic tubing pumps, the tube is the only material that is in contact with the fluid. The tube can be changed to avoid contamination, and the chemical compatibility of the pump can be tailored in accordance with the application for which these peristaltic tube pumps are used by changing the tubing material. Peristaltic tube pumps are widely utilized owing to low maintenance cost and hassle-free operations.

The pharmaceuticals industry accounted for the largest share of the peristaltic pumps market

The pharmaceuticals industry accounted for the largest share of the peristaltic pumps market, followed by the water & wastewater treatment and food & beverage industries. In the pharmaceuticals industry, peristaltic pumps are engaged in processing of botanical drugs & herbs, isolating active medicinal principles, and manufacturing pharmaceutical products intended for internal and external consumption in various forms. Highly precise and accurate peristaltic pumps are demanded by the pharmaceutical formulation industry for pellet and tablet coating.

The rising demand for peristaltic pumps from Asia-Pacific is expected to be a key factor driving the growth of the peristaltic pumps market in this region

The Asia-Pacific region is projected to be the leading market for peristaltic pumps. Among all countries in the Asia-Pacific region, China is expected to be the fastest-growing market for peristaltic pumps during the forecast period. India, Japan, and South Korea are major countries contributing to the growth of the peristaltic pumps market in this region. The increasing demand for peristaltic pumps from varied end-use industries, such as pharmaceuticals, water & wastewater treatment, mining, and chemical processing is expected to drive the growth of the peristaltic pumps market in the Asia-Pacific region.

Key companies profiled in the peristaltic pumps market include Watson-Marlow Fluid Technology Group (U.K.), Verder Group (Netherland), ProMinent Dosiertechnik GmbH (Germany), Cole-Parmer Instrument Company, LLC (U.S.), Flowrox (Finland), Graco Inc. (U.S.), Wanner Engineering, Inc. (U.S.), IDEX Corporation (U.S.), and SEKO S.p.A. (Italy).

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