Peristaltic Pumps Market Expected To Record Substantial Growth In The Near Future 2017- 2022

 

Global Peristaltic Pumps Market: Snapshot

Operational efficiency and a huge saving on maintenance cost are the major factors driving the demand for peristaltic pumps in various industrial applications. The trend of customizing peristaltic pumps for a specific application is on a rise. The custom peristaltic pumps available in different tubing materials, sizes, and pump head shapes are gaining traction in the peristaltic pumps market. The mining industry is also using peristaltic pumps on a large scale, especially to pump highly concentrated solids. Peristaltic pumps are majorly used in thickener underflow as these pumps can accurately control thickener underflow even at various flow rates. Meanwhile, the pharmaceutical industry is fueling the demand for accurate and highly precise peristaltic pumps for coating tablet and pellet.

However, periodic replacement of the tube is required as it often tends to degrade. Moreover, the flow characteristic of the pump is not smooth, hence it is less suitable in the case where there is a requirement for smooth consistent flow. Here, an alternative type of pump needs to be considered.

According to the latest report by Transparency M arket Research (TMR), the global market for peristaltic pumps is expected to experience a healthy growth, registering CAGR of 6.3% during 2017-2022. Moreover, towards the end of 2022, the market is projected to bring in US$ 638.3 million revenue.

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Global Peristaltic Pumps Market

Fixed Speed Pumps to Emerge as the Top-Selling Product

Fixed speed pumps are likely to emerge as one of the top-selling products in the global peristaltic pumps market during 2017-2022. Accounting for more than half of the revenue share by 2017 end, fixed speed pumps are projected to exceed US$ 300 million revenue by the end of 2022.

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30-50 psig Discharge Capacity to Gain Maximum Revenue Share

30-50 psig discharge capacity of peristaltic pumps are likely to witness impressive growth during 2017-2022. 30-50 psig peristaltic pumps are projected to create an incremental opportunity of over US$ 50 million between 2017 and 2022. By 2017 end, the market is likely to account for nearly one-third of the revenue share.

Water and Wastewater Treatment to Emerge as the largest End-User of Peristaltic Pumps

Compared to all the other sectors, water and wastewater treatment sector is likely to be one of the biggest end-users of the peristaltic pumps. By end of 2022, water and wastewater treatment is projected to reach close to US$ 200 million revenue. Moreover, increasing number of water and wastewater treatment plants across the globe are replacing their existing pumps with peristaltic pumps in order to save the cost of maintenance and for operational efficiency. Meanwhile, industrial process is also likely to witness growth in the use of peristaltic pumps in the near future.

Competition Tracking

Some of the leading players playing an important role in the peristaltic pumps market are Cole-Parmer Instrument Company Limited, Watson Marlow Limited, Wanner Engineering, Inc., Graco, Inc., PCM Group UK Ltd, Seko Spa, Verder Holding B.V, ProMinent GmbH, Flowrox, Inc., and Albin Pump AB.

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Peristaltic Pumps Market to Find Substantial Use in Water and Wastewater Treatment

Peristaltic pumps are effective in steady pumping liquid and fluids of range of viscosities. They are well-suited to shear-sensitive products. A number of products in the peristaltic pumps market are well-suited for self-priming positive displacement action. Need to meet a wide range of dosing applications in various industries is a key trend bolstering constant technological improvements and improvisations in pump heads and tubing mechanisms. Additionally, drive mechanisms have undergone vast improvements to meet desired delivery rates applications in water and wastewater treatment. The preference is driven by the high operational efficiency and safety peristaltic pumping technology offers. The application is replete with opportunities for market players. Numerous end-use industries need that products unveiled in the peristaltic pumps market meet certain regulations, notably in medical industries. Some of the key certifications are FDA regulation 21 CFR 177.2600, NSF 51, and USP Class VI. Growing use of peristaltic pumps in delivering cells and large proteins is a key trend in the expansion of avenues in the market. There is consistent focus on improving the accuracy and self-priming of these in biological fluids to meet wider range of applications in biotech and life sciences industry.

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