Growing Demand across Multiple End-use Industries Propels
NEWARK, Del, March 31, 2024 (GLOBE NEWSWIRE) — According to Future Market Insights (FMI), the hygienic pump and valve market value is expected to rise from US$ 6.7 Billion in 2024 to US$ 12.6 Billion by 2034. This estimated growth is expected to be driven by a CAGR of 6.6% over the next decade.
The hygienic pump and valve industry is driven by the rising demand for hygienic and clean products and the growing demand for reliable pumps and valves in the biotech and pharmaceutical industries.
The food and beverage industry is a prominent consumer of hygienic pumps and valves. This industry is continuously evolving and growing, which is subsequently increasing the demand for innovative products like hygienic pumps and valves. Further, the growing demand for pumps and valves to manage corrosive and toxic fluids in the biotech and pharmaceutical companies is raising the market’s value.
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Surging need for reliable and efficient pumps and valves is a crucial driver that is expected to motivate constant technological advancements by key players.
Key Takeaways from the Hygienic Pump and Valve Market Report:
- By pump type, the centrifugal pump segment is projected to rise at a CAGR of 6.2% through 2034.
- Based on valve type, the single-seat valves segment is expected to register a CAGR of 6% over the forecast period.
- In the United States, the hygienic pump and valve market is expected to be valued at US$ 2.2 Billion by 2034. Over the forecast period, the market is projected to increase at a CAGR of 6.8% through 2034.
- The China hygienic pump and valve market is estimated to be worth US$ 1.9 Billion by 2034. The market is expected to expand at a CAGR of 6.9% through 2034.
- In Japan, the hygienic pump and valve industry is forecasted to reach a valuation of US$ 1.3 Billion by 2034.
“Manufacturers are focusing on enhancing the designs and materials of hygienic pumps and valves to elevate their functionality and utilization among end users,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).
Competitive Landscape:
Industry participants are launching innovative products made of advanced materials and focusing on smart features and automation to refine their line of hygienic pumps and valves. Additionally, players are adjusting their offerings to meet the demands of pharmaceuticals, food and beverages, and bioprocessing industries. Leading competitors are further concentrating on geographical expansions and strategic partnerships and acquisitions to expand their product offerings.
Market players are zeroing in on building strong brand recognition and providing customer-centric solutions to increase sales of hygienic pumps and valves. Additionally, players are adhering to stringent safety and hygiene regulations like GMP and FDA standards to gain customer access and customer trust.
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Major Manufacturers of Hygienic Pump and Valve Market:
- Alfa Laval AB
- Ampco Pumps Company
- Dixon Valve & Coupling Company, LLC
- GEA Group Aktiengesellschaft
- Dover Corporation
- IDEX Corporation
- Holland Applied Technologies, Inc.
- KSB SE & Co. KGaA
- Tapflo Group
- SPX Corporation
- Others
Recent Advancements in the Hygienic Pump and Valve Market:
- In April 2022, Unibloc Pump, which is a global leader in producing highly engineered products and positive displacement pumps for challenging hygienic flow control applications rebranded to Unibloc Hygienic Technologies (UHT). The rebranding proceeds the company’s expansion of hygienic flow control brands, via its acquisition of standard pumps and flotronic pumps.
- In July 2023, Verder unveiled a line of perfect hygienic double diaphragm pumps, called the Verderair HC-PURE series. The HC-PURE pumps are engineered for uncompromising durability and optimal cleanability.
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Hygienic Pump and Valve Market Segmentation 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 Material Type:
- Stainless Steel
- Copper
- Bronze
By Hygiene Class:
- Aseptic
- Standard
- Ultraclean
By Application:
- Pharmaceutical
- Food
- Cosmetics
- Fine Chemistry
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
About the Industrial Automation Division at Future Market Insights
The industrial automation team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and one Billion+ data points, the team has analyzed the industry lucidly in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.
Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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About Future Market Insights (FMI):
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and market analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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