Positive Displacement Sanitary Pumps Market

Positive Displacement Sanitary Pumps Market
Consumers Augmenting Growth of Market
-
Increasing
Awareness
among
The global positive displacement sanitary pumps market has been experiencing a
growing level of consolidation, with key players such as Fristam Pumps, IDEX
Corporation, and Alfa Laval AB are projected to rise to more prominence when
compared to the local vendors in the coming years. Smaller takeover of the niche
players by the companies, permitting the latter to easily expand their business
horizons across attractive regional markets and also extend their technological and
product portfolio is thought to the highly preferred development strategy.
The global market for positive displacement sanitary pumps was valued at US$4.55
bn in the year 2015. The market is expected to grow and reach an overall valuation
of US$10.65 bn by the end of 2024. This growth of the market is expected to be
achieved with the help of an impressive CAGR of 10.1% over the course of the given
forecast period of 2016 to 2024.
With respect to the varieties of positive displacement sanitary pumps that are
available in the global market, the gear pump segment led the market with holding
over 32% of share in the revenues of rotary positive displacement sanitary pump
market in 2015. Asia Pacific market is expected to continue its dominance across the
globe with the region accounting for almost 39% of the overall share in the market
in 2015.
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Increasing Awareness among Consumers Augmenting Growth of Market
There are several factors that are augmenting the overall development of the global
market for positive displacement sanitary pumps. One of the key driving factor for
the growth of the global market is thought to be the increasing awareness among
customers about the serious consequences that may occur due to failure of addressing
safety practices and sanitation at the critical stages of food handling. This has also
led to rising emphasis on the enforcement of strict regulations about sanitary
practices in the food and beverages sector. The key players operating in the
pharmaceutical sector also take of these strict sanitary regulations across a number of
procedures. In the last few years, the framework of regulations that governs the
sanitary practices across the industry has become more expansive and strict so as to
address the issues related to safety and sanitation across different areas such as
supply chain and fluid handling. These factors are expected to drive the overall
development of the global market for positive displacement sanitary pumps and are
also projected to have a considerable impact on the overall future developments in
the market.
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The overall demand for positive displacement sanitary pumps is also projected to be
augmented by the growing trend of urbanization across the manufacturing and
industrial sectors, especially across emerging economies such as China, India, and
Brazil. In addition to this, the increasing uptake of intelligent or smart pump systems
in the industrial sector, mainly owing to the increasing demand for providing realtime feedback on tracking the location of bug in system or overall performance of
the system is also projected to drive the overall demand for the global market for
positive displacement sanitary pumps.

Positive Displacement Sanitary Pumps Market