Positive displacement (PD) sanitary pumps find a wide set of applications across a number of industries owing to their ability to effectively handle high differential pressure and high-viscosity fluids. The rising consumer preference to processed foods across developed as well as developing economies and improved awareness regarding the adherence of sanitation practices among consumers as well as companies operating in the food sector are driving the increased adoption of these pumps in the food and beverages industry. The market is also seeing favorable growth owing to the stringent regulations compelling companies to adhere to better sanitation and standards is also a key factor driving the market.
Moreover, the increased adoption of advanced pump systems capable of providing real-time feedback of system performance of machineries has also helped in bolstering the demand for PD sanitary pumps across industries such as pharmaceuticals and biotechnology. Transparency Market Research states that the global PD sanitary pumps market will exhibit a strong 10% CAGR over the period between 2016 and 2024. This will allow the market, which held an opportunity worth US$4.55 bn in 2015, to rise to a valuation of US$10.65 bn by 2024.
Rotary and Reciprocating PD Sanitary Pumps
PD sanitary pumps are chiefly available in two varieties based on the motion of the internal machinery to move fluids: rotary and reciprocating pumps. Of the key varieties of rotary PD sanitary pumps available in the market, the segment of gear pumps is presently the most preferred one. Gear pumps accounted for a share of nearly 32% of the overall revenues of the rotary PD sanitary pumps market in 2015. The versatility and flexibility offered by gear pumps, along with their economic nature are expected to lead to their sustainable demand across key end-use industry in the next few years. However, the segment is expected to lose prominence to the twin screw pumps variety and see a substantial decline in their share in the rotary pumps market revenues in the next few years.
Of the key varieties of reciprocating PD sanitary pumps studied in the report, the segment of diaphragm pumps led with a 54% share of the reciprocating PD sanitary pumps market in 2015. This segment is also expected to remain the foremost contributor to the reciprocating PD sanitary pumps market’s overall revenues over the period between 2016 and 2024. The majority of demand for these diaphragm pumps will be driven by the electronics industry where they can be conveniently used for handling harmful chemicals used during the production of semiconductors and semiconductor parts.
Increased Focus on Sanitation in Industries across Emerging Economies to Act as High-impact Driver
Asia Pacific is presently the leading regional market for PD sanitary pumps, accounting for a share of nearly 39% in the global market in 2015. The region is expected to retain its command on the global market over the period between 2016 and 2024 as well and witness a slight increase in its share in the global market by 2024. Excellent growth of the region’s construction and manufacturing sectors over the past several years and sizeable rise in awareness regarding the necessity of adhering to sanitation practices among both, consumers as well as industries, are expected to be the chief factors driving the market in the near future. The market for PD sanitary pumps in Asia Pacific is expected to rise at a swift pace of 10.8% CAGR from 2016 and 2024 compared to other key regional markets for PD sanitary pumps.
The Middle East and Africa market for PD sanitary pumps is expected to be the one with the next most promising growth opportunities over the said period. Middle East and Africa accounted for only 6.3% of the global market in 2015. However, it is expected to expand at an 9.8% CAGR from 2016 and 2024. The promising rise in manufacturing activities and continuous rise in population have led to a substantial rise in demand for desalination plants in the region, thus driving the market for PD sanitation pumps. The rising number of producers, suppliers, and retailers in the food and beverages industry in the region has also led to the increased demand for such pumps.
Some of the key vendors operating in the global PD sanitary pumps market are IDEX Corporation, Fristam Pumps, SPX Corporation, Alfa Laval AB, Xylem Inc., and ITT Corporation, and PSG Dover.
The “Positive Displacement (PD) Sanitary Pumps Market” report provides analysis of the global PD sanitary pumps market for the period 2014–2024, wherein the years from 2016 to 2024 is the forecast period and 2015 is considered as the base year. The report precisely covers all the major trends and technologies playing a major role in the PD sanitary pump market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence the market growth during this period. The study provides a holistic perspective on the market’s growth in terms of revenue (in US$ Mn), across different geographies, which includes Asia Pacific (APAC), Latin America (LATAM), North America, Europe, and Middle East & Africa (MEA). An in-depth analysis of various geographical regions is going to provide a precise and detailed understanding of the global PD sanitary pumps market over the forecast period. North America comprises of the U.S. and Canada, while Latin America covers Brazil and Rest of Latin America. Europe region covers the U.K., Germany, France, Spain, Italy and Rest of Europe. Furthermore, the Asia Pacific is divided into China, India, Japan, Indonesia and rest of Asia Pacific. MEA covers the United Arab Emirates (UAE), South Africa, Saudi Arabia and Rest of Middle East and Africa.
Major key trends has been provided for every geographic region in the report in order to give a thorough analysis of the overall state of the PD sanitary pumps market worldwide. Moreover, the report provides an overview of the various strategies of key players in the market.
The market overview section of the report showcases the market’s dynamics and trends such as the drivers, restraints, and opportunities that influence the current nature and future status of this market. Moreover, the report provides the overview of various strategies of the key players in the PD Sanitary Pumps market and analyzes their behavior in the prevailing market dynamics.
The report segments the global PD sanitary pumps market on the basis of rotary PD sanitary pumps type such as Rotary Lobe, Twin Screw, Progressive Cavity, Eccentric Disc, Gear Sinusoidal and Hose. By reciprocating PD sanitary pumps type, the market is classified into Piston/Plunger and Diaphragm. By end-use, the global PD sanitary pumps market is categorized into Food & Beverage, Pharmaceutical, Cosmetics, Biotechnology, Water Treatment Systems, Textile and Others (Bio Fuel & Semiconductors). Thus, the report provides in-depth cross-segment analysis for the PD sanitary pumps market and classifies it into various levels, thereby providing valuable insights on macro as well as micro level.
The report also provides the competitive landscape for the PD sanitary pumps market, thereby positioning all the major players according to their geographic presence, market attractiveness and recent key developments. This is identified as a crucial step for getting the full overview of the market through key market leaders and the strategies adopted by them. The complete PD sanitary pumps market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the PD sanitary pumps market’s growth.
SPX Corporation, Fristam Pumps, IDEX Corporation, Alfa Laval AB, PSG Dover, Xylem Inc. and ITT Corporation are some of the major players which have been profiled in this study. Details such as financials, business strategies, recent developments, and other such strategic information pertaining to these players has been provided as a part of company profiles.
- Below is the list of acronyms used in the report:
- LPG – Liquefied Petroleum Gas
- GTAI – Germany Trade & Invest
- USDA – The United States Department of Agriculture
- CIP – Clean-in-place
- EHEDG – European Hygienic Engineering & Design Group
- MAPI – Manufacturers Alliance for Productivity and Innovation
- WTO – World Trade Organization
- CAGR – Compound Annual Growth Rate
- Y-o-Y – Year-on-Year
- Bn – Billion
- Mn – Million