Latest News- Industrial Peristaltic Pumps Market: Tube pump is expected to lead the Type segment during 2024-2028
The Industrial Peristaltic Pumps Market is being driven by Need for cost-effective pumping solutions
The Industrial Peristaltic Pumps Market is expected to grow at a CAGR of 6.48% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 682.2 million. In the industrial sector, metering pumps are indispensable tools for accurately injecting expensive additives. These positive displacement pumps, characterized by their adjustable capacity, ensure the precise delivery of a specific liquid volume. The latest trend in metering pumps is the integration of digital technology, enabling real-time monitoring of pressure and flow conditions, as well as continuous processing of output data in conjunction with motor readings. This advanced technology streamlines operations, eliminates hydraulic complexities, and enhances overall accuracy. By adjusting the diaphragm's travel speed, these pumps offer unparalleled control and flexibility in industrial applications.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Type (Tube pump, Hose pump) End-user (Water and wastewater, Chemical and petrochemical industry, Mining industry, Food and beverage industry, Others) Geography (APAC, Europe, North America, South America, Middle East and Africa).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Industrial Peristaltic Pumps Market Research Report
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The Industrial Peristaltic Pumps market encompasses the use of Positive Displacement pumps that operate through Peristalsis, employing Rollers and Shoes as compressive elements. These pumps find extensive application in the Water Treatment industry for Precision Dosing and Metering applications. Notable manufacturers include Verder Liquids, with their Verder IoT application, and Freudenberg Medical in the Medical industry. Peristaltic pumps utilize Screw Capped Tubes, with Avantor and Masterflex being key suppliers. These pumps are instrumental in handling Biological Drugs, Vaccines, and facilitating Drug Development processes.
The industrial peristaltic pumps market is a significant segment of the larger global industrial machinery and supplies and components market. This market encompasses businesses specializing in the production of peristaltic pumps, which utilize positive displacement through the peristaltic action of rollers and shoes to transfer fluids. The industrial machinery and supplies and components market's growth is driven by expanding industrial output in process and discrete industries, particularly in developing countries. This demand is fueled by the increasing need for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages. Technavio projects the global industrial machinery and supplies and components market's growth, based on the combined revenue generated by machinery and component manufacturers for industrial applications.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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