The hygienic pump and valve market is expected to expand from USD 6.7 billion in 2024 to USD 12.6 billion by 2034. The market is set to exhibit a CAGR of 6.6% over the forecast period.
Attributes | Key Insights |
---|---|
Estimated Hygienic Pump and Valve Market Size (2024E) | USD 6.7 billion |
Projected Industry Value (2034F) | USD 12.6 billion |
Value-based CAGR (2024 to 2034) | 6.6% |
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Leading Pump Type | Centrifugal Pumps |
---|---|
CAGR (2024 to 2034) | 6.20% |
The centrifugal pump segment is projected to record a CAGR of 6.20% through 2034. This pump type is driven by the following factors:
Leading Valve Type | Single-seat Valves |
---|---|
CAGR (2024 to 2034) | 6.0% |
The single-seat valves are expected to expand at a CAGR of 6% through 2034. The segment’s growth is driven by the following factors:
Countries | CAGR (2024 to 2034) |
---|---|
United States | 6.80% |
United Kingdom | 7.80% |
China | 6.90% |
Japan | 7.20% |
South Korea | 7.50% |
The hygienic pump and valve market in the United States is projected to acquire a market size of USD 2.2 billion by 2034. Over the forecast period, the market is anticipated to record a CAGR of 6.8% through 2034. The top factors that are compelling the industry growth are:
The United Kingdom’s hygienic pump and valve market is expected to account for a market valuation of USD 541.4 million by 2034. The market is anticipated to register a CAGR of 7.8% through 2034. Leading growth-inducing factors include:
The China hygienic pump and valve industry is anticipated to acquire a market value of USD 1.9 billion by 2034. It is expected to expand at a CAGR of 6.9% through 2034. Top market catalysts include:
The hygienic pump and valve market in Japan is estimated to gain USD 1.3 billion by 2034, expanding at a CAGR of 7.2% through 2034. The market is expected to be motivated by the following forces:
The hygienic pump and valve market in South Korea is projected to attain a value of USD 752 million by 2034. For the time being, the market is predicted to register a CAGR of 7.5% through 2034. The following factors support the market’s growth:
Key players are focusing on the development of hygienic pumps and valves with advanced materials. Additionally, they are increasingly integrating sensors as well as connecting pumps and valves with the Industrial Internet of Things (IIoT) to raise cost-savings and efficiency for customers.
Players are further increasing their market share by entering new markets where demand for pharmaceuticals and processed food is surging.
Industry participants are strategically partnering and acquiring new companies to extend their product portfolios, access new technologies, and reach new customers. Active companies are further focusing on offering excellent technical support, customer service, and customized solutions to cater to individual customer needs.
Latest Developments in the Hygienic Pump and Valve Market
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The hygienic pump and valve market is estimated to account for USD 6.7 billion in 2024.
The hygienic pump and valve industry is projected to register a CAGR of 6.6% through 2034.
By 2034, the hygienic pump and valve industry is forecast to reach a valuation of USD 12.6 billion.
Sales of centrifugal pumps are expected to observe significant growth over the forecast period.
The United Kingdom is expected to generate substantial growth prospects in the future.
Leading companies in the hygienic pump and valve industry include KSB SE & Co. KGaA, Tapflo Group, and SPX Corporation.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Pump Type 5.1. Centrifugal Pump 5.2. Positive Displacement Pump 5.3. Others 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Valve Type 6.1. Single-Seat Valves 6.2. Double-Seat Valves 6.3. Butterfly Valves 6.4. Diaphragm Valves 6.5. Control Valves 6.6. Others 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material Type 7.1. Stainless Steel 7.2. Copper 7.3. Bronze 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Hygiene Class 8.1. Aseptic 8.2. Standard 8.3. Ultraclean 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 9.1. Pharmaceutical 9.2. Food 9.3. Cosmetics 9.4. Fine Chemistry 9.5. Others 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. South Asia and Pacific 10.6. East Asia 10.7. Middle East and Africa 11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 17. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 18. Key Countries Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Adamant Valves 20.2. Alfa Laval 20.3. Bardiani Valvole S.P.A. 20.4. Christian Bürkert GmbH & Co. Kg 20.5. Cipriani Harrison Valves 20.6. Dft Inc. 20.7. Dixon Valve & Coupling Company, LLC 20.8. Donjoy Technology Co. Ltd. 20.9. Emerson Electric Co. 20.10. Evoguard GmbH 20.11. Flowserve Corporation 20.12. Gea Group Aktiengesellschaft 20.13. Gemü Group 20.14. Haitima Corporation 20.15. Hanningfield 20.16. Inoxpa S.A.U. 20.17. Joneng Valves Co. Ltd. 20.18. Kieselmann GmbH 20.19. Ksb Se & Co. KGaA 21. Assumptions & Acronyms Used 22. Research Methodology
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