ALBANY, New York, September 6, 2016 /PRNewswire/ --
The global positive displacement (PD) sanitary pumps
market features an increasing level of consolidation,
with leading vendors such as IDEX Corporation, Fristam Pumps, SPX
Corporation, and Alfa Laval AB expected to gain prominence as
compared to local vendors in the near future, reports Transparency
Market Research (TMR) in a recent report. Smaller acquisitions of
niche players by large companies, allowing the latter easy
expansion across lucrative regional markets and an extended product
and technological portfolio, is a highly favored growth
strategy.
TMR estimates that the global PD sanitary pumps market, which
held an opportunity of US$4.55 bn in
2015, will expand at a CAGR of 10.1% from 2016 to 2024 and rise to
a valuation of US$10.65 bn by 2024.
In terms of the varieties of rotary PD sanitary pumps available in
the market, the segment of gear pumps led the market, accounting
for a share of over 32% of the rotary PD sanitary pumps market
revenues in 2015. Asia Pacific is
the leading geographic segment in the global market, accounting for
a share of nearly 39% of the overall market in the same year.
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Strict Sanitary Regulations across
Food and Beverages and Pharmaceutical Industries to Drive
Market
Rising consumer awareness regarding the serious implications
that failure to addressing sanitation and safety practices at
crucial stages of food handling can cause has led to an increased
emphasis on the instigation of strict sanitary regulations for the
food and beverages industry. Companies operating in the
pharmaceutical industry also observe stringent sanitation practices
across a number of processes. In the past few years, the regulatory
framework governing sanitation practices in the industry have
become more stringent and expansive to address sanitation and
safety issues across areas such as fluid handling and supply chain.
These factors are presently the leading drivers of the global PD
sanitary pumps market and are also expected to have a substantial
impact on the market's future development.
Demand for PD sanitary pumps is also expected to be driven by
the trend of modernization across the industrial and manufacturing
sectors, especially across the developing economies such as
India, China, and Brazil. Moreover, the rising adoption of smart
or intelligent pump systems in the industrial sector, chiefly owing
to the growing need for providing real-time feedback on system
performance or tracking the location of system bug, is also
expected to drive the global demand for PD sanitation pumps
globally.
Browse In Detail Regional Analysis:
http://www.europlat.org/positive-displacement-sanitary-pumps-market.htm
Rising Demand for Provision of
Value-added Support Services to Intensify Survival Challenges for
Vendors
The global PD sanitary pumps market is heading towards maturity
and the consumer is becoming increasingly demanding owing to the
several product choices available. The demand for expansive and
globally spread support services is gaining strength. The highly
consolidated competitive landscape of the global PD sanitary pumps
market has inhibited the growth of small-and medium-sized pump
manufacturers. As a result the large companies in the market, which
no doubt command prominent positions, are compelled to deliver
value-added services alongside the products to stay ahead in the
competition and ensure long term loyalty of the consumer. The
overhead costs suffered in the process of providing additional
support services to the consumer are expected to lead to a decline
in the overall profitability of the global PD sanitary pumps market
in the near future.
Nevertheless, the market will witness a sizeable rise in demand
from industries such as shale gas exploration and processing and
chemicals. Rising investments across these sectors and stringent
regulations related to sanitation and safety of several processes
in the food and pharmaceutical industries are expected to present
vast growth opportunities for the market.
This review is based on a new market research report published
by Transparency Market Research, titled "Positive Displacement
(PD) Sanitary Pumps Market -Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2016 - 2024."
Browse the Press Release:
http://www.transparencymarketresearch.com/pressrelease/positive-displacement-sanitary-pumps-market.htm
For this study, the market is segmented as follows:
Global PD Sanitary Pumps Market, by
Rotary PD Sanitary Pumps Type
- Rotary Lobe
- Twin Screw
- Progressive Cavity
- Eccentric Disc
- Gear
- Sinusoidal
- Hose
Global PD Sanitary Pumps Market, by
Reciprocating PD Sanitary Pumps Type
Global PD Sanitary Pumps Market, by
End-use
- Food & Beverage
- Pharmaceutical
- Cosmetics
- Biotechnology
- Water Treatment Systems
- Textile
- Others (Bio Fuel & Semiconductors)
Global PD Sanitary Pumps Market, by
Geography
- North America (NA)
- Europe (EU)
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
- Latin America (LATAM)
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