(MENAFN- Alliance News) Report Ocean published the latest research report on the Peristaltic Pumps Market . In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Peristaltic Pumps Market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, and growth rate.
Market Overview The global peristaltic pumps market demonstrates robust growth, with revenues reaching approximately US$ 1.27 billion in 2022 and an anticipated surge to US$ 2.2 billion by 2031. Peristaltic pumps, a vital component in fluid handling, offer a contamination-free solution through a positive displacement mechanism.
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Factors Influencing Market Growth Pharmaceutical Demand: The rising geriatric population and an increase in diseases propel the pharmaceutical industry, driving demand for peristaltic pumps in fluid handling applications.
Chemical Industry Impact: Across various industries, chemicals play a pivotal role. The demand for peristaltic pumps is positively influenced by the need for precise fluid handling in applications such as surfactant production, dyeing processes, and electronics manufacturing.
Economic Growth: Increased disposable income contributes to the growth of industries like cosmetics, beverages, and food. This, in turn, fuels demand for peristaltic pumps in fluid transfer processes.
Technological Advancements: Ongoing technological developments enhance the energy efficiency of peristaltic pumps, reducing operating costs and creating lucrative opportunities for market growth.
Impact of COVID-19 The COVID-19 pandemic negatively affected the peristaltic pumps market, primarily due to manufacturing restrictions and limitations on pump installations during lockdowns.
Regional Analysis In 2021, Asia-Pacific dominated the global peristaltic pumps market in terms of revenue. The Latin America, Middle East, and Africa (LAMEA) region are expected to exhibit the highest growth rate during the forecast period, driven by rapid economic development.
Leading Companies Key players shaping the global peristaltic pumps market 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 Verder Group Wanner Engineering Watson-Marlow Fluid Technology Group
Segmentation Overview 1. Type:
2. Application:
3. End User Industry:
Food and Beverage Manufacturing Mining Medical and Cosmetic Water and Wastewater Treatment Others
4. Region:
North America Europe UK Germany France Italy Spain Netherlands Rest of Europe
Asia-Pacific China Japan India Australia South Korea Singapore Rest Of Asia-Pacific
LAMEA Latin America Middle East Africa
In the fluid dynamics landscape, peristaltic pumps play a pivotal role, facilitating precise fluid handling across diverse industries.
(*Note: The historical years and projected period in the report are flexible and can be tailored upon request. Additionally, the scope of the published report is adjustable to meet specific requirements, and customized analyses based on particular geographies or countries can be included as part of the customization.)
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