Global Sanitary Pumps And Valves market growth 2024, Forecast To 2033
4 Mar, 2024
The sanitary pumps and valves market size has shown significant growth, rising from$2.39 billion in 2023 to$2.62 billion in 2024, with a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period is attributed to the evolution of hygiene standards, industrialization, urbanization, concerns regarding food safety, and advancements in the pharmaceutical and biotechnology industries. Positioned for rapid growth ahead, the market is forecasted to grow to$3.83 billion in 2028, boasting a compound annual growth rate (CAGR) of 10.0%. Major trends in the forecast period include educational initiatives, competitive market dynamics, sustainability initiatives, global supply chain dynamics, and advancements in biotechnology.
Global Sanitary Pumps And Valves Market Key Driver
The growing industrialization is expected to propel the growth of the sanitary pumps and valves market going forward. Industrialization refers to the social and economic change that transforms from an agrarian society into an industrial society. Sanitary pumps and valves are used in manufacturing industries such as boiler feed applications, industrial applications, and irrigation, as a result, the growing industrialization would help in the increasing demand for sanitary pumps and valves. For instance, in August 2022, according to Eurostat, a Luxembourg-based government organization, there was an approximately 8% increase in the production of manufactured goods in 2021 compared with 2020. Industrial production increased from $4.27 billion (€4,581 billion) in 2020 to $5.34 billion (€5,209 billion) in 2021, by almost 14%. Therefore, the growing industrialization drives the sanitary pumps and valves market. In 2023, the market size for sanitary pumps and valves is valued at X, and it is projected to reach Y by 2028.
Get A Free Sample Of The Global Sanitary Pumps And Valves Market ReportGlobal Sanitary Pumps And Valves Market Segments
The global sanitary pumps and valves market covered in this report is segmented –
1) By Type: Centrifugal, Positive Displacement, Other Pump Types
2) By Pump Power Source: Air, Electric
3) By Priming: Self-Priming, Non-Self-Priming
4) By End-User Industry: Processed Foods, Dairy, Non-Alcoholic Beverages, Alcoholic Beverages, Pharmaceuticals, Other End-User Industries
By Geography: The regions covered in the sanitary pumps and valves market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacific was the largest region in the sanitary pumps and valves market in 2023. The regions covered in the sanitary pumps and valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Sanitary Pumps And Valves Industry Players
Alfa Laval AB, Fristam Pumpen KG, PSG Pumps & Motors, SPX Flow Inc., GEA Group AG, ITT Inc., Xylem Inc., Ampco Pumps Company, Viking Pump Inc., Dixon Valve and Coupling Company LLC, Tapflo Group, Holland Applied Technologies Inc., Evoguard GmbH, Graco Inc., Steel & O'Brien Manufacturing Inc., Dover Corporation, Verder International B.V., Watson-Marlow Fluid Technology Group, AxFlow Holding AB, KSB SE & Co. KGaA, Flowserve Corporation, Sulzer Ltd., Pentair PLC, Armstrong Fluid Technology, Christian Bürkert GmbH & Co. KG, Gemu Group, Inoxpa S.A., Koflo Corporation, Lutz Pumpen GmbH, TriClamp.co
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Sanitary Pumps And Valves Market Overview
Sanitary pumps refer to specialized equipment used to pump hygienic liquids and slurries through industrial processing pipelines. A sanitary valve is used in various industrial applications that provide specific health and safety standards. These are crucial for the transportation of products intended for human consumption and are used in a variety of commercial and industrial applications including transport and meter slurries, colloids, and solutions containing food and agricultural materials in various operations such as food processing.
Sanitary Pumps And Valves Global Market Report 2023 provides data on the global sanitary pumps and valves market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The sanitary pumps and valves market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.