Peristaltic Pumps Market Research, 2031
The global peristaltic pumps market was valued at $1.2 billion in 2021, and is projected to reach $2.2 billion by 2031, growing at a CAGR of 5.9% from 2022 to 2031. Peristaltic pump is a type of positive displacement pump used for pumping fluids without the risk of degradation of its purity. It consists of rollers or shoes which rotates and gradually squeeze a tube located in the casing of the pump. The rotation and squeezing movement propels the fluid in the desired direction.
Hygiene is the top most priority for many industries such as pharmaceutical, food and beverages, cosmetics, and chemicals. If the fluids used in these industries get contaminated, it can cause health hazards and also reduce the shelf life of the products. Thus, to pump the fluid in a hygienic and sterile environment, these industries use peristaltic pumps. No mechanical part of the peristaltic pump comes in contact with the fluid, because the fluid passes through a tube only. In addition to that, peristaltic pumps are widely used for precise and accurate transfer of fluids that is a major requirement of the aforementioned industries. Such factors are driving the demand for peristaltic pumps.
Increase in geriatric population, and rise in number of diseases have led to the surge in demand for pharmaceuticals. Since, pharmaceutical industry make extensive use of peristaltic pumps, the demand for peristaltic pumps market forecast is expected to increase. Furthermore, rising disposable income has also boosted the growth of food & beverages, and cosmetics industry. This is also playing a major role in positively affecting the peristaltic pumps market size. In addition, chemicals are used all across the industry for various purposes. Such as dye for textiles, surfactants for cleaning agents, silicon for electronics industry, and others chemicals. This is expected to positively affect the chemical industry; thereby, increasing demand for peristaltic pumps market share.
In addition, major businesses in the peristaltic pumps market offer a wide range of products and services, to meet the customers’ needs. They constantly innovate their offerings to stay competitive in the market. For instance, in January 2021, Cole-Parmer Instrument Company, LLC., introduced its latest product offering; Masterflex® MasterSense™ L/S® peristaltic pump. This new offering features many new smart features such as touch-screen interface, easy programming functionality, innovative forward-looking features, multiple connectivity options and versatile system. Moreover, other businesses in this market are expanding their global reach to gain a larger share of the market.
The novel coronavirus rapidly spread across various countries and regions, causing an enormous impact on the lives of people and the overall community. It began as a human health condition and later became a significant threat to global trade, economy, and finance. The COVID-19 pandemic had halted the production of many components in peristaltic pumps market due to lockdown. The economic slowdown initially resulted in reduced spending peristaltic pumps by their end-users. However, the severity of COVID-19 pandemic has significantly reduced, owing to the introduction of various vaccines. As of mid-2022 the number of COVID-19 cases have diminished significantly. This has led to the full-fledged reopening of peristaltic pumps providers at their full-scale capacities. Furthermore, it has been more than two years since the outbreak of this pandemic, and many companies have already shown notable signs of recovery.
Furthermore, the advancements in technology have enhanced the energy efficiency of peristaltic pumps, thus reducing its operating cost and providing lucrative opportunities for the peristaltic pumps market growth.
The peristaltic pumps market is segmented into Type, Application and End User Industry. By application, the market is categorized into metering, and dispensing. By end-user industry, it is bifurcated into food & beverages, and manufacturing. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific dominated the market in 2021, accounting for the highest share. Whereas, LAMEA is anticipated to grow at a higher CAGR throughout the forecast period. This is attributed to rapid economic growth of the region.
Competition Analysis
Key companies profiled in the peristaltic pumps market report 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, and Watson-Marlow Fluid Technology Group.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the peristaltic pumps market analysis from 2021 to 2031 to identify the prevailing peristaltic pumps market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the peristaltic pumps market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global peristaltic pumps industry.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global peristaltic pumps market trends, key players, market segments, application areas, and market growth strategies.
Peristaltic Pumps Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 2.2 billion |
 Growth Rate | CAGR of 5.9% |
 Forecast period | 2021 - 2031 |
 Report Pages | 290 |
 By Type |
|
 By Application |
|
 By End User Industry |
|
 By Region |
|
 Key Market Players | ProMinent Group, Jieheng Peristaltic Pumps Co., Ltd., Boyser, TMVT Industries Pvt. Ltd, Watson-Marlow Fluid Technology Group, Heidolph Instruments, Ravel Hiteks Pvt. Ltd., Pumpsquare Systems LLP, Gilson Inc., IDEX Corporation, Cole-Parmer Instrument Company LLC, Verder Group, FLOWTECH, Graco Inc., Randolph Austin, Wanner Engineering, Valmet Corp, (Flowrox Oy) |
Analyst Review
The peristaltic pumps market has witnessed significant growth in the past few years, owing to surge in demand for food & beverage, pharmaceutical and cosmetic & personal care products.
The developments in food & beverage industry, especially in high income countries such as U.S., Canada, UK, and Germany has fueled the demand for peristaltic pumps. Furthermore, rise in demand for personal care, cosmetics, and hygiene & cleaning products in developed and developing countries have increased the demand for peristaltic pumps. Moreover, pharmaceutical sector is expected to grow rapidly in the Asia-Pacific, which is projected to play crucial role in growth of peristaltic pumps in Asia-Pacific. Furthermore, rapid industrialization of the developing countries, owing to favorable and supportive government initiatives is expected to drive the chemicals industry. This is anticipated to have a positive effect on the growth of peristaltic pumps in countries such as India, Chile, Argentina, Brazil, and others.
In addition, advancement in technologies that have enabled peristaltic pumps to be monitored remotely, thus, providing lucrative opportunities for market growth.
Rapid growth of food & beverage processing industry in emerging economies such as India and China is a major trend influencing the growth of the market.
Peristaltic pumps are extensively used for pumping fluids, while preserving its purity and composition.
Asia-Pacific is the largest regional market for Peristaltic Pumps.
$1,217.4 Million is the estimated industry size of Peristaltic Pumps in 2021.
Boyser, Cole-Parmer Instrument Company LLC, FLOWTECH, Gilson Inc., Graco Inc., Heidolph Instruments, and IDEX Corporation are some of the top companies to hold the market share in Peristaltic Pumps.
The Peristaltic Pumps market is projected to reach $ 2,200.5 million by 2031.
The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
Latest version of global Peristaltic Pumps market report can be obtained on demand from the website.
Loading Table Of Content...
