Positive displacement (PD) sanitary pumps are valued across several industries due to their capacity to tolerate high differential pressure while pumping high-viscosity fluids. The food and beverage industry has become a leading consumer of positive displacement sanitary pumps in the recent past due to the growing demand for processed food. This has led to a growing acknowledgment of the importance of sanitation standards, which has resulted in a growing adoption of the highly effective positive displacement sanitary pumps.
According to Transparency Market Research (TMR), the global positive displacement sanitary pumps market was valued at US$4.5 bn in 2015. The steady adoption of PD sanitary pumps is illustrated by the strong CAGR of 10% expected of the market from 2016 to 2024. The market’s valuation is expected to rise to US$10.6 bn by the end of 2024.
Food and Beverages, Pharmaceuticals Industries to Dominate Demand
The leading end users of positive displacement sanitary pumps are the food and beverage and pharmaceuticals industries. The products of these industries are not only consumed directly by consumers, but also inherently have the potential to cause serious health concerns. As a result, awareness regarding the importance of hygiene has risen steadily in these industries. The steady urbanization in developing regions, which has resulted in a corresponding rise in demand for processed food, and the improvement efforts being undertaken by the healthcare sector in several countries are thus likely to remain key drivers for the positive displacement sanitary pumps market in the coming years.
On the other hand, the high degree of stagnation in the positive displacement sanitary pumps market has led to a mounting demand for value additions. This has had a significant impact on the PD sanitary pumps market, as establishing a widespread distribution network has become vital for sustained growth in the market. This has affected smaller players in the positive displacement sanitary pumps market adversely, as larger companies can acquire smaller players with relative ease, thus adding to their product portfolios and regional reach.
Asia Pacific to Dominate Future of Positive Displacement Sanitary Pumps Market
Asia Pacific is the leading contributor to the global positive displacement sanitary pumps market and accounted for close to 39% of the market in 2015. The dominance of the regional market is likely to increase slightly over the 2016-2024 forecast period due to the sustained growth of the construction and manufacturing sectors in countries such as India, China, South Korea, and Taiwan, which has led to rising awareness about the importance of sanitation standards. The regional market is expected to exhibit a sturdy 10.8% CAGR between 2016 and 2024.
Like Asia Pacific, the growth of construction and industrial sector in the Middle East and Africa also has the potential to drive the regional market in the coming years. The key driver for the positive displacement sanitation pumps in the Middle East, though, is the steady establishment of desalination plants, which require large-scale sanitation equipment.
Browse the full Global Positive Displacement (PD) Sanitary Pumps Market report http://www.mrrse.com/positive-displacement-sanitary-pumps-market
Leading companies in the global positive displacement sanitary pumps market include Fristam Pumps, IDEX Corporation, Alfa Laval AB, PSG Dover, Xylem Inc., SPX Corporation, and ITT corporation.