PUBLISHER: The Business Research Company | PRODUCT CODE: 1429901
PUBLISHER: The Business Research Company | PRODUCT CODE: 1429901
A peristaltic pump, also referred to as a roller pump, is a positive displacement pump that maintains a constant fluid speed irrespective of the pressure at the inlet end. It is versatile and can be utilized for pumping a wide range of fluids, with the fluid contained within a flexible hose or tube fitted inside the pump casing.
The primary types of peristaltic pumps encompass peristaltic tube pumps and peristaltic hose pumps. Low-pressure pumps, known as peristaltic tube pumps, feature dry and non-reinforced casings and utilize rollers to generate compressive power. These pumps are available as fixed speed pumps and variable speed pumps, with discharge capacities ranging from up to 30 pounds per square inch (psi), 30-50 psi, 50-100 psi, 100-200 psi, and above 200 psi. Peristaltic pumps find application across various industries, including pharmaceutical and medical, water and wastewater treatment, food and beverage, chemical processing, mining, pulp and paper, among others.
The peristaltic pumps market research report is one of a series of new reports from The Business Research Company that provides peristaltic pumps market statistics, including peristaltic pumps industry global market size, regional shares, competitors with a peristaltic pumps market share, detailed peristaltic pumps market segments, market trends and opportunities, and any further data you may need to thrive in the peristaltic pumps industry. This peristaltic pumps market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The peristaltic pumps market size has grown strongly in recent years. It will grow from $1.62 billion in 2023 to $1.75 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The expansion observed in the historical period can be attributed to the increasing demand for pharmaceutical products and the growth of emerging markets.
The peristaltic pumps market size is expected to see strong growth in the next few years. It will grow to $2.44 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The anticipated growth in the forecast period can be attributed to rapid industrialization, the expansion of manufacturing industries, and increased investments in water and wastewater treatment infrastructure. Key trends expected in the forecast period include the introduction of advanced peristaltic filling pumps, the incorporation of touch screen technology, new product launches, technological advancements, and an upswing in mergers and acquisitions.
The peristaltic pumps market is anticipated to experience growth during the forecast period, supported by increased investments in water and wastewater treatment infrastructure. Peristaltic pumps play a crucial role in wastewater treatment systems, particularly in handling viscous sludge with high solid concentrations. The US Environmental Protection Agency (EPA) estimates a requirement of approximately $655 billion in the next two decades for water and wastewater infrastructure in the USA. In August 2022, a joint pilot project by the US Environmental Protection Agency and the US Department of Agriculture was launched to address unmet sanitation needs in rural areas and support wastewater infrastructure throughout the USA. Consequently, the surge in investments in water and wastewater treatment infrastructure is expected to drive the peristaltic pumps market.
The peristaltic pumps market is poised for growth during the forecast period, driven by rapid industrialization and the expansion of manufacturing industries. Increasing demand from end-use industries, coupled with the industrialization and urbanization of emerging economies, contributes to the market's expansion. The rising need for environmentally friendly wastewater treatment methods further propels the demand for peristaltic pumps. According to the United Nations Industrial Development Organization (UNIDO), global manufacturing production experienced a 9.4% increase in 2021. Goldman Sachs reported a substantial 210% growth in the Indian manufacturing sector for the fiscal year 2021-2022 compared to the previous fiscal year, along with increased investment and ordering activity. Therefore, the growth in manufacturing industries is expected to be a key driver for the peristaltic pumps market.
A notable trend in the peristaltic pumps market is the adoption of touch screen technology, featuring peristaltic pumps equipped with touch screen displays for real-time monitoring of flow rate, dispensed volume, and flow direction. For instance, in February 2021, High Purity New England (HPNE) introduced the VerderFlex Vantage 5000 peristaltic pump with a touch screen display. The pump, manufactured by Verder Inc., offers features such as record-keeping, control features, high resolution 4000:1 turndown drive, downloadable jobs and pump histories, and remote monitoring via the Verderflex App. The touch screen includes icon-based programming, real-time events with timestamps, and USB onboard storage capabilities.
Technology advancements emerge as a key trend in the peristaltic pumps market, with major companies focusing on developing innovative technologies to maintain competitiveness. In September 2022, NETZSCH, a Germany-based pump supplier, introduced the PERIPRO Peristaltic Hose Pump product line. These pumps feature advanced multi-layered hose construction, providing energy savings of up to 30% and requiring 90% less lubricant compared to shoe technology.
In September 2021, Avantor, Inc., a leading US-based provider of mission-critical products and services to life sciences and advanced technologies industries, announced its definitive agreement to acquire the Masterflex bioprocessing business and related assets from Antylia Scientific. The acquisition expands Avantor's portfolio across all bioproduction platforms and enhances its capabilities in producing therapeutic and preventive vaccines, including those for COVID-19. Masterflex, a global manufacturer of peristaltic pumps and aseptic single-use fluid transfer technology, has been providing industry-leading fluid transfer technologies for over 50 years. Established in 1987, Masterflex has its headquarters in Vernon Hills, Illinois.
Major companies operating in the peristaltic pumps market report are Valmet Oyj, IDEX Corporation, Ingersoll Rand, Spirax-Sarco Engineering PLC, Graco, Inc., Cole-Parmer Instrument Company LLC, Randolph Austin, ProMinent GmbH, Gilson Incorporated, Wanner Engineering Inc., Varco Group, Apex Pumps, Optima Instruments, Flowtech, Global Pumps, Kelair Pumps Australia, Jieheng Peristaltic Pumps Co. Ltd., Ravel Hiteks Pvt Ltd., Ostech Fluid Technologies, Chongqing Jieheng Peristaltic Pumps Co. Ltd., Lefoo industrial Co. Ltd., IATEC, Lead Fluid Technology Co. Ltd., Watson-Marlow Fluid Technology Group, Tapflo UK, Verder Group, Heidolph Instruments, Albin Pumps, WELCO Co Ltd., Verderflex Peristaltic Pumps, Albin Pump, Royal Eijkelkamp, Orientflex Peristaltic Pump
Asia-Pacific was the largest region in the peristaltic pumps market in 2023. The regions covered in the peristaltic pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the peristaltic pumps market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The peristaltic pumps market consists of sales of peristaltic hose pumps and peristaltic tube pumps. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Peristaltic Pumps Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on peristaltic pumps market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for peristaltic pumps? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The peristaltic pumps market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.