PUBLISHER: Allied Market Research | PRODUCT CODE: 1179677
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179677
The peristaltic pumps market size was valued at $1,217.4 million in 2021, and is projected to reach $2,200.5 million by 2031, registering a CAGR of 5.9% from 2022 to 2031. Peristaltic pump is used for pumping fluids while maintaining high degree of sterile environment in industries such as pharmaceutical, food and beverages, cosmetics, and chemicals. Peristaltic pump consists of shoes and rollers that squeezes a tube filled with fluid and moves the trapped fluid; thereby, pumping the fluid.
The availability of a wide range of peristaltic pump makes it usable by small and large industry for various applications. Food & beverages and cosmetics industry is witnessing a rise, attributed to surge in disposable income of masses, and favorable government policies toward developing the domestic industry. In addition, pharmaceutical industry is witnessing growth owing to rise in old-age population, onset of new diseases, and increased usage of health supplements. Moreover, chemical industry is positively influenced by the growth of all kind of industries such as leather, electronics, pigment, plastic and others. Such factors are driving the demand for peristaltic pumps. However, factors such as requirement of frequent maintenance, and limited applications of peristaltic pumps are expected to restrain the growth of the market.
In addition, advancements in technology that have helped in incorporation of smart features in peristaltic pumps, such as remote monitoring, self regulation of pump parameters, and others, are anticipated to provide lucrative opportunities for the growth of peristaltic pumps market.
The peristaltic pumps market is segmented on the basis of type, application, end-user industry, and region. By type, the market is bifurcated into hose pump, and tube pump. By application, the market is categorized into metering, and dispensing. By end-user industry, it is bifurcated into food & beverages, and manufacturing. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as product launch, and business expansion to strengthen their market outreach and sustain the stiff competition in the market
Competition Analysis
Key companies profiled in the peristaltic pumps market report include Boyser, Cole-Parmer Instrument Company LLC, FLOWTECH, Gilson Inc., Graco Inc., Heidolph Instruments, IDEX Corporation, Jieheng Peristaltic Pumps Co., Ltd., ProMinent Group, Pumpsquare Systems LLP, Randolph Austin, Ravel Hiteks Pvt. Ltd., TMVT Industries Pvt. Ltd, Valmet Corp, (Flowrox Oy), Verder Group, Wanner Engineering, and Watson-Marlow Fluid Technology Group.
Key Benefits For Stakeholders
By Type
By Application
By End User Industry
By Region