Global Sanitary Pumps and Valves Market (2021 to 2026) – Rising Focus of Industry Players on Offering Improved Customer Services Presents Opportunities – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Sanitary Pumps and Valves Market with COVID-19 Impact, by Pump Type (Centrifugal Pumps and Positive Displacement Pumps), Pump Priming Type, Pump Power Source (Electric and Air), End User, and Geography – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

The sanitary pumps market was valued at USD 1.9 billion in 2020 and is projected to reach USD 2.4 billion by 2026; it is expected to register a CAGR of 4.3% from 2021 to 2026.

Centrifugal pumps are expected to hold the largest share of the sanitary pumps and valves market throughout the forecast period.

Centrifugal pumps are the oldest and simplest sanitary pumps developed on the principle of centrifugal force technology. Their inexpensive manufacturing and simple, durable functioning make them the most widely adopted type of sanitary pumps in the market. There are numerous advantages of centrifugal pumps, which include their excellent capability to transfer low-viscosity fluids, easily adjustable flow rate, low cost, simple design easy to maintain, steady output, compatibility with fluids containing suspended particulates or small solids, and availability in numerous designs capable of a wide range of flow and pressure outputs. Owing to these properties, the market share of centrifugal pumps is currently dominating the sanitary pumps market and can be seen increasing extensively during the forecast period.

Self-priming sanitary pumps are expected to register the highest CAGR during the forecast period in the sanitary pumps and valves market.

The non-self-priming sanitary pumps dominate the sanitary pumps and valves market and are expected to continue their dominance during the forecast period. This is primarily because the majority of the sanitary pumps available in the market are designed to be non-self-priming, while a few of them are designed to be self-priming. Centrifugal pumps, the most widely used pumps across sanitary applications, always need to be primed before initiating their operations. Owing to the numerous benefits that self-priming pumps offer such as handling a variety of fluids as well as solids with very high efficiency without any damage to the pump system, the demand for self-priming pumps can be seen increasing across the market. However, non-self-priming pumps being the oldest and compact due to no additional priming components added to the system, still make them the largest shareholders in the market.

Sanitary Pumps and Valves market in APAC to grow at the highest CAGR.

The market in APAC is expected to grow at the highest growth rate during the forecast period. This exceptional growth can be attributed to the increasing demand for sanitary equipment in end-use industries such as dairy, processed food, pharmaceuticals, and beverages in major countries such as China, Japan, and India. The sanitary pumps and valves market in APAC for the dairy industry is growing at a significant rate owing to high dairy production in these countries, and a similar trend is likely to continue in the coming years. Additionally, the increasing population in emerging economies, rising per capita income, growing industrialization, and rapid urbanization are a few additional factors driving the growth of the market in the region.

Market Dynamics

Drivers

• Stringent Government Regulations for Maintaining Optimal Hygiene Level
• Increasing Awareness Regarding Maintaining Hygiene in Process Industries
• Rising Focus of Manufacturers Toward Plant Automation

Restraints

• Variations in Raw Material Prices

Opportunities

• Increasing Focus on R&D for Sanitary Pumps and Valves is Expected to Generate More Demand from End-users
• Utilization of IIoT and Industry 4.0 in Industrial Plants Expected to Boost Demand for Sanitary Valves and Pumps in Coming Years
• Rising Focus of Industry Players on Offering Improved Customer Services

Challenges

• Increased Competition from Gray Market Players and Unorganized Sector
• Failures or Malfunctioning Could Lead to Unplanned Machine Downtime

Companies Mentioned

• Adamant Valves
• Alfa Laval
• Ampco Pumps Company
• CSF Inox S.P.A.
• Dixon Valve & Coupling Company, LLC.
• Donjoy Technology Co. Ltd.
• Evoguard GmbH
• Flowserve Corporation
• Flux Gerate
• Fristam Pumpen Kg (GmbH & Company)
• GEA Group Aktiengesellschaft
• Graco Inc.
• Inoxpa S.A.U.
• ITT Inc.
• Joneng Valves Co. Ltd.
• KSB Se & Co. KGaA
• Lewa GmbH
• PSG
• Q-Pumps
• Spirax Sarco Limited
• SPX Flow, Inc.
• Tapflo
• Verder.Com
• Viking Pump
• Xylem

For more information about this report visit https://www.researchandmarkets.com/r/w547rg

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