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Sanitary Positive Displacement (PD) pumps find a wide range of applications in a number of industries due to their ability to efficiently handle high differential pressure and high viscosity fluids. Growing consumer preference for processed foods in developed and developing economies and increased awareness of sanitation compliance among consumers as well as businesses operating in the food industry are driving the increased adoption of these pumps in the food and beverage industry. The market is also experiencing favorable growth due to the strict regulations forcing companies to adhere to better sanitation and standards which are also a key driver of the market.
In addition, the increasing adoption of advanced pumping systems capable of providing real-time information on the system performance of machines has also helped to strengthen the demand for sanitary PD pumps in industries such as pharmaceuticals and biotechnology. Transparency Market Research indicates that the global PD sanitary pump market will show a CAGR of 10% over the period between 2016 and 2024. This will allow the market, which offered an opportunity of US $ 4.55 billion in 2015, to rise to a valuation of the United States. $ 10.65 billion by 2024.
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Rotary and reciprocating PD sanitary pumps
PD sanitary pumps are mainly available in two varieties based on the movement of internal machines to move fluids: rotary and piston pumps. Among the main varieties of PD rotary sanitary pumps available in the market, the gear pump segment is currently the most preferred. Gear pumps accounted for an almost 32% share of the overall revenue of the PD rotary sanitary pump market in 2015. The versatility and flexibility offered by gear pumps, along with their economical nature are expected to lead to their sustainable demand in all. key areas. use the industry over the next few years. However, the segment is expected to shrink in importance to the benefit of twin screw pump variety and see a substantial drop in their share in rotary pump market revenue over the next few years.
Among the major varieties of PD plunger sanitary pumps studied in the report, the diaphragm pump segment occupied a 54% share of the PD sanitary plunger pump market in 2015. This segment is also expected to remain the main contributor to the PD sanitary system. Reciprocating Pump market overall revenue over the period 2016 to 2024. Majority of the demand for these diaphragm pumps will be driven by the electronics industry where they can be conveniently used to handle harmful chemicals used in the production of semiconductors and semiconductor parts.
Increased focus on remediation in emerging economy industries to act as a high impact driver
Asia-Pacific is currently the largest regional market for PD sanitary pumps, accounting for nearly 39% share of the global market in 2015. The region is also expected to maintain its dominant position in the global market over the period between 2016 and 2024 and witness a slight increase in its share in the global market by 2024. Excellent growth of the region’s construction and manufacturing sectors in recent years and considerable awareness of the need to adhere to sanitation practices, both among consumers and industries, are expected to be the main market drivers in the near future. The Asia-Pacific PD sanitary pump market is expected to grow at a rapid rate of 10.8% CAGR between 2016-2024 compared to other key regional markets for PD sanitary pumps.
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The PD sanitary pump market in Middle East and Africa is expected to be the one that presents the next most promising growth opportunities during said period. The Middle East and Africa accounted for only 6.3% of the global market in 2015. However, it is expected to grow at a CAGR of 9.8% between 2016 and 2024. The promising increase in manufacturing activities and the increase Continued population growth has led to a substantial increase in the demand for desalination plants in the region, thus driving the market for PD sewage pumps. The growing number of producers, suppliers and retailers in the food and beverage industry in the region has also resulted in increased demand for these pumps.
Some of the major vendors operating in the global PD sanitary pump market are IDEX Corporation, Fristam Pumps, SPX Corporation, Alfa Laval AB, Xylem Inc., ITT Corporation and PSG Dover.
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