The Sanitary Pumps And Valves Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Sanitary Pumps And Valves Global Market Report 2024, The sanitary pumps and valves market size has grown strongly in recent years. It will grow from $2.39 billion in 2023 to $2.62 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to hygiene standards evolution, industrialization and urbanization, food safety concerns, pharmaceutical industry growth, biotechnology advancements..
The sanitary pumps and valves market size is expected to see rapid growth in the next few years. It will grow to $3.83 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to industrial growth and expansion, water and wastewater management, global trade dynamics, energy sector requirements, quality assurance emphasis.. Major trends in the forecast period include educational initiatives, competitive market dynamics, sustainability initiatives, global supply chain dynamics, biotech advancements..
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.
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The 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
Product innovations are a key trend gaining popularity in the sanitary pumps and valves market. Major companies operating in the sanitary pumps and valves market are introducing innovative products to sustain their position in the market. For instance, in November 2022, NETZSCH Pumps North America, LLC, a US-based company operating in sanitary pumps and valves launched NOTOS sanitary 2NSH twin screw pump. The unique features of the product include a pump housing with a full service-in-place (FSIP) design, enabling easy and quick pump disassembly, the pump is easy to clean-in-place (CIP) and sterilize-in-place (SIP).
The sanitary pumps and valves market report table of contents includes:
1. Executive Summary
2. Sanitary Pumps And Valves Market Characteristics
3. Sanitary Pumps And Valves Market Trends And Strategies
4. Sanitary Pumps And Valves Market – Macro Economic Scenario
5. Global Sanitary Pumps And Valves Market Size and Growth
…
31. Global Sanitary Pumps And Valves Market Competitive Benchmarking
32. Global Sanitary Pumps And Valves Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Sanitary Pumps And Valves Market
34. Sanitary Pumps And Valves Market Future Outlook and Potential Analysis
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