Hygienic Pumps and Valves Market Size is Expected to Reach at a CAGR of 4.5% during 2021-2026


Posted November 1, 2021 by ctom7000

Increased competition from gray market players and unorganized sector, and failures or malfunctioning could lead to unplanned machine downtime acts as a challenge for the hygienic pumps and valves market.

 
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 the market is attributed to stringent government regulations for maintaining optimal hygiene level and expansion of processing industries globally.

However, factor such asvariations in raw material prices are restraining the market growth. On the flip side,factors including increasing focus on R&D for hygienic pumps and valves andutilization of IIoT and Industry 4.0 in industrial plantsare expected to create opportunities for the adoption of hygienic pumps and valves in the coming years. Moreover, increased competition from gray market players and unorganized sector, and failures or malfunctioning could lead to unplanned machine downtimeacts as a challenge for the hygienic pumps and valves market.

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Based on valve type, the market for the single-seat valve sheld the largest share in 2020. The growth of the segment is 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. Besides, control valves are estimated to hold largest CAGR during the forecast period as these valves ensure the safety of multiple production process. These valves are highly adopted in industries such as food, beverages, pharmaceuticals, dairy, and chemicals; which is fueling the growth of the segment.

Based on operation, the air-actuated segment holds the largest share of the hygienic pumps and valves market in 2020. The increasing usage of hygienic valves in industries such as dairy, processed foods, beverages, pharmaceuticals, chemicals, etc., which helps in diverting, controlling, and regulating the flow of fluidsin pipes or tanks, has increased the adoption of air-actuated operated hygienic valves. Air-actuated hygienic valves are convenient for starting and stopping fluid flow. Advantages such as reliability, simplicity, and minimal maintenance requirements are responsible for the higher adoption of these valves by industries.

Based on end-user industry, the market for processed foods is dominant in 2020. The rising demand for safe and healthy food in developed and developing countries as well as surging food requirements and rising urbanization, coupled with rapid population growth, are responsible for the growth of the processed foods industry. Besides, pharmaceutical industry is estimated to grow at highest growth rate during the forecast period. The rise in the number of COVID-19 patients has increase the demand for drugs and vaccines, which in turn, has surge the production of pharmaceuticals. 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 inpharmaceuticals plants provides them with safety control for different media (gases, liquids, slurries, etc.).

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The hygienic pumps and valves market has been segmented into North America, Europe, APAC, and RoW. The market in APAC is expected to grow at the highest CAGR from 2021to 2026. 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. Besides, North America hold the largest share of hygienic pumps and valves market in 2020. The growth of the region is attributed to the rapid expansion of the process industries in the region, coupled with the increasing number of process industries with stringent hygiene requirements. The region is a home for large number of hygienic pumps and valves manufacturers. 
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Issued By Tom
Country United Arab Emirates
Categories Semiconductors
Tags hygienic pumps and valves market
Last Updated November 1, 2021