NEWARK, Del., March 31, 2024 (GLOBE NEWSWIRE) — According to Future Market Insights (FMI), the market value of sanitary pumps and valves is expected to rise from 6.7 billion US dollars In 2024 to 12.6 billion US dollars By 2034. This estimated growth is expected to be driven by a CAGR of 6.6% over the next decade.
The sanitary pumps and valves industry is based on the growing demand for sanitary and clean products and the growing demand for reliable pumps and valves in the biotechnology and pharmaceutical industries.
The food and beverage industry is a prominent consumer of sanitary pumps and valves. This industry is constantly evolving and growing, which subsequently increases the demand for innovative products such as sanitary pumps and valves. Moreover, the increasing demand for pumps and valves for managing corrosive and toxic liquids in biotechnology and pharmaceutical companies is increasing the value of the market.
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The growing need for reliable and efficient pumps and valves is a critical driver that is expected to stimulate continued technological advancement by major players.
Key points to learn from the Sanitary Pumps and Valves market report:
- By pump type, the centrifugal pump segment is expected to grow at a CAGR of 6.2% Until 2034.
- Depending on the valve type, the single-seat valve segment is expected to register a CAGR of 6% During the forecast period.
- In the United States, the sanitary pumps and valves market is expected to be evaluated 2.2 billion US dollars By 2034. During the forecast period, the market is expected to grow at a CAGR of 6.8% Until 2034.
- The market value of sanitary pumps and valves in China is estimated 1.9 billion US dollars By 2034. The market is expected to expand at a compound annual growth rate of 6.9% Until 2034.
- In Japan, the sanitary pumps and valves industry is expected to reach… 1.3 billion US dollars By 2034.
“Manufacturers are focusing on improving the designs and materials of sanitary pumps and valves to raise the level of their functionality and usage among end users.” – Nikhil Kaitawade, Associate Vice President, Future Market Insights (FMI).
Competitive scene:
Industry participants are launching innovative products made with advanced materials and focusing on smart features and automation to improve their line of sanitary pumps and valves. Additionally, players are modifying their offerings to meet the requirements of the pharmaceutical, food and beverage and bioprocessing industries. Major competitors focus more on geographic expansions, partnerships, and strategic acquisitions to expand their product offerings.
Market players are focusing on building strong brand recognition and providing customer-centric solutions to increase sales of sanitary pumps and valves. In addition, players adhere to strict safety and hygiene regulations such as GMP and FDA standards to gain customer access and trust.
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Top Players in Sanitary Pumps and Valves Market:
- Alfa Laval AB
- AMPCO Pumps Company
- Dixon Valves and Fittings Company, LLC
- GEA Group Aktiengesellschaft
- Dover Company
- IDEX Company
- Holland Applied Technology, Inc
- KSB SE & Co. KGaA
- Tapflo Group
- SPX Company
- Others
Recent Developments in the Sanitary Pumps and Valves Market:
- In April 2022, Unibloc Pump, a world leader in the production of highly engineered products and positive displacement pumps for challenging sanitary flow control applications, was rebranded as Unibloc Hygienic Technologies (UHT). The rebranding sees the company expand its hygienic flow control brands, through the acquisition of Standard Pumps and Flotron Pumps.
- In July 2023, Verder unveiled a line of ideal double-diaphragm sanitary pumps, called the Verderair HC-PURE Series. HC-PURE pumps are engineered for uncompromising durability and optimal cleanability.
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Sanitary Pumps and Valves Market Analysis:
By pump type:
- Centrifugal pump
- Positive displacement pump
- Others
By valve type:
- Single seat valves
- Double seat valves
- Butterfly valves
- Diaphragm valves
- Control valves
- Others
By type of material:
- stainless steel
- copper
- Bronze
By hygiene category:
- Sterile
- standard
- Very clean
By application:
- pharmaceutical
- food
- makeup
- Beautiful chemistry
- Others
By region:
- north america
- Europe
- Asia Pacific
- Middle East and Africa
- latin america
About Future Market Insights’ Industrial Automation division
the Industrial automation The Future Market Insights team provides expert analysis, time-saving research and strategic recommendations to deliver real insights and accurate results to help clients around the world. With over 100 reports and 1 billion data points, the team has clearly analyzed the industry in over 50 countries for over a decade. The team briefly analyzes key trends, including the competitive landscape, profit margin and research development efforts.
author:
Nikhil Kaitwadi (Assistant Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered more than 1,500 assignments for clients, mostly in the automotive, chemicals, industrial equipment, oil and gas, and services industries.
Its core competency revolves around developing research methodology, creating a unique analysis framework, and statistical data models for price analysis, competition mapping, and market feasibility analysis. His experience also extends widely beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decisions.
Nikhil holds an MBA in Marketing and Information Technology and a postgraduate degree in Mechanical Engineering. Nikhil has authored numerous publications and quoted in magazines like EMS Now, EPR Magazine and EE Times.
Explores Future Market Insights, Inc Wide coverage in the field of industrial automation:
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The total expansion valve market is expected to reach US$17.4 billion in 2033.
The global electronic expansion valves market size is expected to reach US$1.6 billion by 2032.
The valve remote control systems market is expected to reach US$15.1 billion by the end of 2033.
The stainless steel control valves market is expected to reach a value of US$1,066.0 million by 2033.
The global safety valves market is expected to reach US$10.0 billion by 2033.
The foot suction valves market is expected to rise from US$269.5 million in 2024 to US$491.8 million in 2034.
The global drum pumps market is expected to be valued at approximately US$927.8 million by 2033.
About Future Market Insights (FMI):
Future Market Insights (FMI) is a leading provider of market intelligence and advisory services, serving clients in more than 150 countries. FMI is headquartered in Dubai, with delivery centers in the UK, US and India. FMI’s latest market research reports and market analysis help companies overcome challenges and make critical decisions with confidence and clarity amid intense competition. Our custom and syndicated market research reports provide actionable insights that drive sustainable growth. FMI’s team of expert analysts continuously tracks emerging trends and events across a wide range of industries to ensure our clients are prepared for the evolving needs of their clients.
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