The size of the worldwide market for sanitary pumps and valves was estimated at USD 2,350 million in 2022 and is expected to increase at a compound annual growth rate (CAGR) of 3.8% to reach USD 3,860 million by 2033. Industrial pipe systems utilize specialized equipment, such as sanitary pumps and valves, to transport clean liquids and slurries. Pump valves help to regulate the flow of fluid via the pump. The growth of the market is ascribed to the worldwide surge in industrial operations and increased consciousness about cleanliness in various sectors. Global industrial expansion in several industries, such as processed foods, beverages, medicines, and dairy goods, is providing significant impetus for the sanitary pump and valve market.
Additional factors driving the need for sanitary pumps and valves in hygiene-centric sectors include manufacturers’ increased awareness of hygiene requirements in end-use industries and the supply of uncontaminated products to end customers. Aiming to maintain safety and sanitary standards in end-use products and industries, governmental or affiliated authorities have formulated strict rules and regulations in response to the growing awareness. These legal frameworks may be thought of as engines driving the global sanitary pump and valve industry’s growth.
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Market Segmentation
By Pump Type
- Centrifugal
- Positive Displacement
Regional Scope
- North America
- Europe
- Asia Pacific
- South America
- Middle East and Africa
Key Players
- Alfa Laval
- Grundfos
- KSB Group
- SPX Flow
- Xylem Inc.
- Pentair plc
- Sulzer Ltd.
- Flowserve Corporation
- Crane Co.
- ITT Inc.
Market Challenges
The market for sanitary pumps and valves is extremely dispersed. There are a tonne of competitors in this market. These companies use a strong and extensive network of distributors and suppliers to deliver their products all over the world. When it comes to their goods and services, overseas producers and distributors must contend with additional costs including customs duty and shipping charges, tariffs, pricing discrimination, and sales tax. A large number of local and gray market participants make up this industry’s ecosystem in addition to these industrial producers and distributors. The participants in the gray market are recognized for purchasing goods from low-cost nations or areas and reselling them to high-cost nations or areas via distribution methods that are not approved by the original manufacturer or owner of the trademark. The established companies in this market are facing challenges due to the growing rivalry, particularly in developing countries like South America and Asia Pacific.
Opportunity
Industry participants may be able to save maintenance and shutdown expenses by using hygienic pumps and valves that are sensor-equipped and networked through IIoT. It is expensive and time-consuming to manually monitor hundreds of different types of sanitary pumps and valves with traditional retrofitted monitoring techniques. Numerous parts make up the remote pump and valve monitoring, which uses a retrofit sensor device installed on the machinery to identify the position of the valve. Real-time monitoring of every valve in a factory is possible with a remote monitoring system incorporated within the production facility. Plant owners may benefit from hygienic pumps and valves integrated with IIoT, which include significant cost savings, quicker process recovery following maintenance interruptions, enhanced safety, fewer mistakes, and quality deviations, useful analytics, and the avoidance of unscheduled downtime.
Key Trend
The following are some of the major developments in the field of sanitary pumps and valves technology:
- Growing emphasis on hygiene and cleanliness: Sanitary pumps and valves that are made to preserve cleanliness and stop contamination are becoming more and more necessary as a result of the growing emphasis on hygiene and cleanliness across a wide range of sectors.
- Better materials and design: Better materials that are more resistant to contamination and corrosion are being used in the design of sanitary pumps and valves.
- Increased dependability and efficiency: Thanks to technological advancements, sanitary pumps and valves are becoming more dependable and efficient.
- Greater affordability: As manufacturing prices decline and technology progresses, sanitary pumps and valves are becoming more reasonably priced.
Scope of the Report
The Sanitary Pumps and Valves Market has been analyzed and estimated for the past, present, and future in this study. The market estimations presented in the study are derived from a thorough research approach. Multiple research channels, including primary, secondary, and subject-related expert advice, are included in the research approach that is used. Based on the impact of numerous economic, social, and political aspects on the Seasonal Affective Disorder Market, as well as the current market dynamics, the market estimations are determined. The market data is further defined by a variety of laws, government expenditures, and advances in research and development. The market estimations take into account changes to the market that are both favorable and negative.
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