Global market for peristaltic pumps is expected to experience a healthy growth, registering CAGR of 6.3% during 2017-2022. Moreover, towards the end of 2022, the market is projected to bring in US$ 638.3 million revenue.
Albany, NY -- (SBWIRE) -- 12/07/2017 -- Market Research Hub (MRH) has freshly announced the inclusion of a new study to its broad repository, which is titled as "Peristaltic Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2022". This latest report reveals that the global market for peristaltic pumps is expected to experience a healthy growth, registering CAGR of 6.3% during 2017-2022. Moreover, towards the end of 2022, the market is projected to gain US$ 638.3 million revenue. In the present time, operational efficiency and a huge saving on maintenance cost are the major factors driving the demand for peristaltic pumps in various industrial applications.
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Peristaltic pumps, also known as tubing pumps, are a type of positive displacement pump, typically used to pump sterile and aggressive fluids that should not be contaminated during the pumping process. At present, the global peristaltic pumps market is witnessing a heating competition owing to the increased investment in the research and development of new technologies, especially for high-pressure applications, thereby reducing downtime and providing safety. It has also analyzed that peristaltic pumps are widely used as metering pumps in the medical field due to isolation of fluids during pumping. The mining industry is also using peristaltic pumps on a large scale, especially to pump highly concentrated solids.
This 170-page study provides a detailed insight into key drivers and restraints, notable trends, share and size of various segments, and competitive landscape for the market of peristaltic pumps. For the benefit of the readers, the report provides a complete perspective on the market's growth on the basis of revenue in US$ Mn, covering different geographical regions namely Europe, APEJ, North America, Asia Pacific, Middle East & Africa and Latin America. Key industry developments include the major events that took place in the past decade and the events that are expected to take place in the future which is anticipated to affect the market are also defined in the report.
Moreover, a detailed segmentation of the market has been represented in the report, which includes market analysis by product type, discharge capacity, end-users and regions.
Key Insights from the Report
Increasing number of wastewater treatment facilities around the world are switching diaphragm pumps with new peristaltic pump technology with metering pump technology. This is prime factor responsible for the market growth. Considering this, analysts found that in comparison to all the other sectors, water and wastewater treatment sector is likely to be one of the biggest end-users of the peristaltic pumps.
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Geographically, Asia Pacific Excluding Japan (APEJ) is likely to remain the dominating region in the global market for peristaltic pumps. China is anticipated to be the fastest growing market in APEJ for peristaltic pumps.
On the basis of product type, the report covers variable speed pumps and fixed speed pumps. Among these, fixed speed pumps are expected to lead the global peristaltic pumps during the forecast period. By discharge capacity, 30-50 psig peristaltic pumps are likely to dominate the market throughout the forecast period.
Currently, increasing number of manufacturers are also moving towards developing smart peristaltic pumps that use sensors to allow users to remotely control the settings.
Another vital section of the report is competitive landscape featuring some of the top companies, their products and business strategies, and their standing in the global market. Some of the key market players in the global peristaltic pumps market includes Wanner Engineering, Inc., Watson Marlow Limited, Graco, Inc., Seko Spa, Cole-Parmer Instrument Company Limited, Flowrox, Inc., Verder Holding B.V, PCM Group UK Ltd, Albin Pump AB, and ProMinent GmbH.
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