Hygienic Pumps and Valves Market with COVID-19 Impact, by Valve Type, Pump Type, Operation, End-user Industry and Region - Global Forecast to 2026 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Hygienic Pumps and Valves Market with COVID-19 Impact, by Valve Type (Single-seat Valves, Double-seat Valves, Butterfly Valves, Diaphragm Valves, Control Valves), Pump Type, Operation, End-User Industry, and Region-Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global hygienic pumps and valves market size is expected to grow from USD 2.2 billion in 2021 to USD 2.8 billion by 2026, at a CAGR of 4.5%.
The growth of this market is mainly driven by stringent government regulations for maintaining optimal hygiene levels and the expansion of processing industries globally. However, factors such as variations in raw material prices are restraining the market growth.
Single-seat Valves to dominate the hygienic pumps and valves market in 2020.
The market for the single-seat valves held the largest share in 2020 and is estimated to remain the same during the forecast period. The growth of the segment is attributed to the high adoption of these valves in process industries owing to their simple design comprising a movable disc with a uniquely designed seat to seat the port of the valve body, as well as their tight shutoff quality, which helps in reducing the leakage. These valves are designed for uninterrupted production in hygiene-critical applications. The simple design and few internal parts make them more stable than double-seat valves.
Pharmaceutical to hold the largest CAGR of the hygienic pumps and valves market during the forecast period.
The hygienic pumps and valves market for the pharmaceutical industry is estimated to grow rapidly during the forecast period. The rise in the number of COVID-19 patients has increased the demand for drugs and vaccines, which in turn, has surged the production of pharmaceuticals. Due to the outbreak of the COVID-19 pandemic, various manufacturers have also expanded their pharmaceutical manufacturing plants, which have increased the adoption of fluid handling systems such as hygienic pumps and hygienic valves. Additionally, maintaining hygiene is the most critical factor for pharmaceutical manufacturers which is also responsible for the rapid adoption of hygienic pumps and valves in pharmaceutical plants. The use of hygienic valves and pumps in pharmaceutical plants provides them with safety control for different media (gases, liquids, slurries, etc.).
Market in APAC to grow at highest CAGR during the forecast period.
APAC is expected to hold the largest growth rate of the global hygienic pumps and valves market during the forecast period. The factors contributing to its robust growth include the increasing urbanization and growing dairy and pharmaceuticals industries, coupled with the rapid industrialization, in major countries such as China, India, Japan, etc. China is one of the biggest exporters of hygienic pumps and valves components. There is a high demand for hygienic pumps and valves in China due to rapid industrial growth and the increasing population. The increasing demand for advanced hygienic equipment in industries such as dairy, pharmaceuticals, and processed foods in India is also fueling the adoption of hygienic pumps and valves.
- Stringent Government Regulations for Maintaining Optimal Hygiene Level
- Expansion of Processing Industries Globally
- Variations in Raw Material Prices
- Increasing Focus on R&D for Hygienic Pumps and Valves is Expected to Generate More Demand from End-User Industries
- Utilization of IIoT and Industry 4.0 in Industrial Plants Expected to Boost Demand for Hygienic Valves and Pumps in Coming Years
- Increased Competition from Gray Market Players and Unorganized Sector
- Failures or Malfunctioning Could Lead to Unplanned Machine Downtime
- Adamant Valves
- Alfa Laval
- Bardiani Valvole Spa
- Christian Burkert GmbH & Co. Kg
- Ciprani Harrison Valves Corp.
- DFT Inc.
- Dixon Valve & Coupling Company, LLC.
- Donjoy Technology Co., Ltd.
- Emerson Electric Co.
- Evoguard GmbH
- Flowserve Corporation
- GEA Group Aktiengesellschaft
- GEBR. Rieger GmbH + Co. Kg
- Gemu Group
- Haitima Corporation
- Inoxpa S.A.U.
- ITT Inc.
- Kieselmann GmbH
- KSB SE & Co. KGaA
- Samson Aktiengesellschaft
- Spirax Sarco Limited
- SPX Flow, Inc.
- Steriflow Valve
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