Peristaltic Pumps Market

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The global Peristaltic Pumps Market is valued at USD 2.3 Billion in 2022 and is projected to reach a value of USD 3.7 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 7.10% over the forecast period.

A Peristaltic Pumps, or a roller pump, is a type of positive displacement pump used for pumping various fluids. The fluid is in a flexible tube fixed inside a circular pump casing. They operate through rotary motion. The global Peristaltic Pumps market is expected to be driven primarily by rising investments in water and wastewater facilities and the rising number of stringent regulations on safe and clean portable water. Additionally, increasing investments in the pharmaceutical sector is expected to push rising utilization of Peristaltic Pumps, fuelling market growth. The global market is also expected to expand significantly due to increasing demand from various end-use industries such as food and beverage, chemical processing, mining, pulp and paper, and digital pumping solutions.

The COVID-19 pandemic propelled the growth of the market towards an incremental pace. The primary end-use for Peristaltic Pumps are water and wastewater treatment and the pharmaceutical industry. These industries were considered extremely pivotal during the pandemic, which increased the demand for Peristaltic Pumps. During the pandemic, the need for medical and nutritional goods skyrocketed. Additionally, other end-use industries such as chemical processing, agriculture, pulp and paper, and others made a quick recovery indicating strong growth post-pandemic. This supported sustainable growth for the global Peristaltic Pumps market during the forecast period.

Digital pumping solutions are expected to add value to the global Peristaltic Pumps market in terms of growth. End users' needs for mechanical systems and digital pumping solutions are on the rise. Digital pumping solutions include built-in process controllers, diagnostics tools, and variable speed drives. These systems can identify abnormal pumping needs and then respond appropriately to prevent damage to the pump or the system. Digitalization in Peristaltic Pumps is expanding to provide higher performance, including operating at a full-length stroke and adjusting for stroke speed for better accuracy. These factors are increasing the footprint of the global Peristaltic Pumps market during the forecast period.

Economic Insights

According to recent surveys, the global economy grew by more than 2.9% in the third quarter of 2022. This growth indicates a preliminary increase from 2.6% at the end of October. This can be a positive impact during the first half of 2022. However, the data needs to present a complete picture. Other details of developed and developing economies include a real anemic gross domestic income while showing an accurate private final domestic purchase. The ongoing conflict between Russia and Ukraine is expected to positively affect the mid-revenue cycle management/clinical documentation improvement market in Europe and North America. Russia's unprovoked advancement into Ukraine has been met with harsh realities by its neighbors. The United Nations and the European Government have begun taking direct action against Russia by imposing various sanctions.

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1. Rising Demand for Hygienic Applications: Hygiene is the top priority for many end-use applications, such as pharmaceuticals, food and beverage, cosmetics, and chemical processing. If the fluids utilized in these industries get contaminated, they can cause health hazards and reduce the shelf life of the end products. Thus, these industries use Peristaltic Pumps as their primary operations source to pump the liquids in a hygienic and sterile environment. No mechanical part of the pump comes in contact with the fluid as it passes through the tube. Additionally, Peristaltic Pumps are widely used for the precision and accurate transfer of liquids. This will widen the global Peristaltic Pumps market during the forecast period.

2. Expanding Utilization due to Macro-Economic Factors: Rising geriatric population and increased disorders are leading to a surge in demand for pharmaceuticals. The pharmaceutical industry extensively uses Peristaltic Pumps, which will expand the market's footprint. Additionally, the rising disposable income of the general population supports an expanding beverage and cosmetic industry. These factors are expected to support the growth of the global Peristaltic Pumps market during the forecast.

3. Inclining Focus of Prominent Leaders: Major businesses are integrating Peristaltic Pumps as they offer many advantages to their products and services. Dominant players are innovating their product portfolios to stay competitive in the market. For instance, in January 2021, Cole-Parmer Instrument Company, LLC, announced that they were introducing their latest product offering, the Masterflex MasterSense L/S Peristaltic Pumps. This new offering includes intelligent features such as a touch-screen interface, easy programming functionality, innovative, forward-looking features, and multiple connectivity options.

Market Segmentation

The global Peristaltic Pumps market can be categorized on the following: Type, Discharge Capacity, End-Use Industry, and Regions. Based on type, the market can be categorized into peristaltic tube pumps and peristaltic hose pumps. By discharge capacity, the market can be segmented across Up to 30 psi, 30-50 psi, 50-100 psi, 100-200 psi, and above 200 psi. By end-use industry, the market can be fragmented across pharmaceutical & medical, water & wastewater & medical, water & wastewater treatment, food & beverage, mining, pulp & paper, and others. By Likewise, based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Based on Type

Peristaltic Tube Pumps to Dominate Largest Market Share Owing to Benefits in Low Pressure Applications

The global Peristaltic Pumps market is expected to be dominated by the segmental growth of peristaltic tube pumps. These pumps are highly beneficial in low-pressure applications. They generally possess dry casings and deploy rollers that squeeze the tubing to transfer the fluids. Additionally, these pumps are typically used in low-volume applications. The flow from peristaltic tube pumps is of a pulsed type. Hence their applications are mostly preferred when a consistent flow type is not required. These factors are expected to widen the growth of the segmental value during the forecast period. Peristaltic hose pumps are expected to grow with the fastest-growing CAGR during the forecast period owing to a higher working pressure requirement.

Based on Discharge Capacity

30-50 psi to Lead Largest Market Share Due to Wider Applications

The 30-50 psi segment is expected to dominate the segmental growth during the forecast period in revenue and share. This discharge capacity is widely used in heat exchangers and recirculation operations wherein maintaining the fluids at a specific temperature is the requirement. This flow is mainly supported by Peristaltic Pumps, which are highly cost-effective and can be deployed in various end-use industries, including water and wastewater treatment facilities and chemical industries. These factors are expected to drive the growth of the segmental value. The 50-100 psi capacity is expected to grow with the fastest growing CAGR during the forecast period owing to rising utilization from the pharmaceutical and medical end-use industry.

Based on End-Use Industry

Water & Wastewater to Own Largest Market Share Owing to Easy Adaptability of Peristaltic Pumps

The global Peristaltic Pumps market will be driven by increased water and wastewater treatment plant utilization. In various cases, applications of Peristaltic Pumps eliminate the requirement for maceration before pumping to avoid ragging. The Peristaltic Pumps design enables them to avoid wear and tear caused by abrasive solid materials often found during water and wastewater treatment applications. Furthermore, these pumps are widely utilized for pumping wastewater with trapped gases, such as hydrogen peroxide and chlorine, by pumping the accumulated gas through the tubing while maintaining a continuous flow of water without causing vapor lock issues. This will increase the usage of Peristaltic Pumps within the water and wastewater treatment facilities. Due to its expanding nature, food and beverage will grow with the fastest-growing CAGR during the forecast period.

Based on Region

Asia Pacific to Dominate Global Market Owing to Rising Manufacturing Sector

The global Peristaltic Pumps market is expected to be dominated by the region of Peristaltic Pumps market in terms of revenue and share. The area is home to a massive manufacturing sector, primarily pushing the growth of Peristaltic Pumps. Additionally, rising mining activities in emerging economies such as China, India, and Australia are driving increased integration of regional growth. Rising oil and gas exploration activities combined with rising investments within the medical and pharmaceutical sectors are further boosting the Asia Pacific Peristaltic Pumps market development. Due to its manufacturing capabilities, China will be a significant contributor and exporter of Peristaltic Pumps.

North America is expected to grow with the fastest growing CAGR during the forecast period owing to rising demand from various end-use industries such as pharmaceutical and medical, water and wastewater treatment, and the food & beverage sector. Additionally, the presence of dominant players in the region is expected to push the regional market's growth further.

Competitive Landscape

The global Peristaltic Pumps market is expected to be dominated by a handful of players who combine a solid international and regional presence. Increased investment between their research and development departments is being made to widen their product portfolios. Additionally, the market leaders focus on various growth strategies such as expansions, joint ventures, and new product developments to further maintain their dominant position.

The key players in 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, (Flowrox Oy), Verder Group, Wanner Engineering, Watson-Marlow Fluid Technology Group among others.

Recent Market Developments:

· February 2022: Watson-Marlow Fluid Technology Group introduced their brand new Bredel Heavy-duty hose pump, which will be a reliable solution for maintaining solutions for handling a wide range of viscous slurries and grit-filled sludge in wastewater treatment plants.

· January 2022: Watson-Marlow Fluid Technology Group announced they were launching their new BioPure Silicone transfer tubing to offer a unique and safe solution for various bioprocess fluid transfer applications.

· March 2020: Verder Group announced they were launching the Rapide 5000 Peristaltic Pumps, combining a single or three-phase powered industrial gear motor. The pump will be ideal as a standalone single-or-digit head pump that can be integrated into a system, such as a printing system.

Segmentation of the Global Peristaltic Pumps Market