Hygienic Pumps and Valves Market worth $2.8 billion by 2026 - Exclusive Report by MarketsandMarkets™
CHICAGO, Oct. 19, 2021 /PRNewswire/ -- According to a research report "Hygienic Pumps and Valves Market with COVID-19 Impact, by Valve Type (Single-seat Valves, Double-seat Valves, Butterfly Valves, Diaphragm Valves, Control Valves), Pump Type, Operation, End-User Industry, and Region – Global Forecast to 2026", published by MarketsandMarkets™, the global Hygienic Pumps and Valves Market size is expected to grow from USD 2.2 billion in 2021 to USD 2.8 billion by 2026, at a CAGR of 4.5%. The growth of this market is driven mainly by stringent government regulations for maintaining optimal hygiene level and expansion of processing industries globally.
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Single-seat Valves type hold the largest share of the hygienic pumps and valves market in 2020
The adoption of single-seat valves is increasing at a substantial rate attributed to the high adoption of these valves in process industries owing to their simple design comprising a movable disc with a uniquely designed seat to seat the port of the valve body, as well as their tight shutoff quality, which helps in reducing the leakage. These valves are designed for uninterrupted production in hygiene-critical applications. The simple design and few internal parts makes them more stable than double-seat valves.
Pharmaceutical to hold the largest CAGR of the hygienic pumps and valves market during the forecast period
The rise in the number of COVID-19 patients has increase in the demand for drugs and vaccines, which in turn, has surge the production of pharmaceuticals. Due to the outbreak of COVID-19 pandemic, various manufacturers has also expanded the pharmaceutical manufacturing plants, which have increased the adoption of fluid handling systems such as hygienic pumps and hygienic valves. Additionally, maintaining hygiene is the most critical factor for the pharmaceutical manufacturers which is also responsible for the rapid adoption of hygienic pumps and valves in the pharmaceutical plants. The use of hygienic valves and pumps in pharmaceuticals plants provides them with safety control for different media (gases, liquids, slurries, etc.).
Browse in-depth TOC on "Hygienic Pumps and Valves Market"
170 – Tables
60 – Figures
258 – Pages
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The hygienic pumps and valves market in APAC is expected to grow at the highest CAGR from 2021 to 2026
APAC is expected to hold the largest growth rate of the global hygienic pumps and valves market during the forecast period. The factors contributing to its robust growth include the increasing urbanization and growing dairy and pharmaceuticals industries, coupled with the rapid industrialization, in major countries such as China, India, Japan, etc. China is one of the biggest exporters of hygienic pumps and valves components. There is a high demand for hygienic pumps and valves in China due to rapid industrial growth and increasing population. The increasing demand for advanced hygienic equipment in industries such as dairy, pharmaceuticals, and processed foods in India is also fueling the adoption of hygienic pumps and valves.
Major companies operating in this hygienic pumps and valves market include ALFA LAVAL (Sweden), SPX FLOW, Inc. (US), and GEA Group Aktiengesellschaft (Germany).
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