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“The peristaltic pumps market is expected to grow at a CAGR of 6.8% during forecast period”
The peristaltic pumps market is projected to reach USD 467.5 million by 2021, at a CAGR of 6.8% from 2016 to 2021. Peristaltic pumps maintain the sterility of the liquid or slurry that is being transported. The inner surface of the tube or the hose is the only contact area between the pump and the fluid, thereby resulting in limited probability of contamination. Hence, these pumps are increasingly utilized in the food & beverages and pharmaceuticals industries. In addition, slow industrialization in the North American and European regions and lack of Greenfield investments acts as restraining factors impacting the growth of the peristaltic pumps market.
“The peristaltic tube pump segment is projected to lead the peristaltic pumps market”
The peristaltic tube pump segment is projected to witness high growth during the forecast period. Peristaltic tube pumps are used for effective transfer of corrosive liquids and fluids containing suspensions of abrasive solids. This type of peristaltic pump is widely utilized for dosing and chemical injection applications. In peristaltic tubing pumps, the tube is the only material that is in contact with the fluid, and thus, it limits the probability of contamination.
“The pharmaceuticals industry is the fastest-growing end-use industry segment of the peristaltic pumps market”
Based on end-use industry, the pharmaceuticals industry is projected to grow at the highest CAGR during the forecast period. This growth is mainly attributed to the increase in R&D capabilities of biotech and pharmaceutical industries. In addition, the growth of pharmaceuticals industry and expansion of its production facilities are further contributing to the growth of the peristaltic pumps market in the pharmaceuticals industry during the forecast period.
“Asia-Pacific is anticipated to be the fastest-growing market for peristaltic pumps”
The peristaltic pumps market in the Asia-Pacific region is projected to grow at the highest CAGR from 2016 to 2021, owing to the increasing demand for peristaltic pumps from varied end-use industries, such as pharmaceuticals, food & beverages, chemical processing, and water & wastewater treatment, among others. Among all countries in the Asia-Pacific region, the peristaltic pumps market in China is expected to grow at the highest CAGR during the forecast period, followed by India and Japan.
Extensive primary interviews were conducted to determine and verify the market size for several segments and subsegments and information gathered through secondary research.
The break-up of primary interviews is given below:
- By Company Type - Tier 1 – 37%, Tier 2 – 50%, and Tier 3 – 13%
- By Designation - C Level – 50%, Director Level – 31%, and Others – 19%
- By Region - North America – 31%, Europe – 38%, Asia-Pacific– 25%, and RoW- 6%
Key companies profiled in this market research report include Watson-Marlow Fluid Technology Group (U.K.), Verder Group (Netherland), ProMinent Dosiertechnik GmbH (Germany), Cole-Parmer Instrument Company, LLC (U.S.), Flowrox (Finland), Graco Inc. (U.S.), Wanner Engineering, Inc. (U.S.), IDEX Corporation (U.S.), and SEKO S.p.A. (Italy).
This research report categorizes the peristaltic pumps market on the basis of type, end-use industry, and region. The report includes detailed information regarding major factors influencing the growth of the peristaltic pumps market, such as drivers, restraints, challenges, and opportunities. A detailed analysis of major industry players has been performed to provide insights on business overviews, products & services, and key growth strategies, such as expansions, mergers & acquisitions, new product developments, and agreements, among others.
Reasons To Buy the Report
The report will help market leaders/new entrants in this market in the following ways:
- This report segments the peristaltic pumps market comprehensively, and provides the closest approximations of market sizes for the overall market and subsegments across varied regions.
- The report will help stakeholders understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
- This report will help stakeholders understand major competitors and gain insights to enhance their business prospects. The competitive landscape section includes expansions, acquisitions, and new product developments.