Key Findings of the Global Industrial Peristaltic Pumps Market | Technavio
February 18 2018 - 11:03AM
Business Wire
The latest market research report by Technavio on the
global industrial peristaltic pumps market predicts a CAGR
of above 8% during the period 2018-2022.
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Technavio has published a new market
research report on the global industrial peristaltic pumps market
from 2018-2022. (Graphic: Business Wire)
The report segments the global industrial peristaltic pumps
market by end-user (water and wastewater industry, chemical and
petrochemical industry, mining industry, food and beverage
industry, and oil and gas industry), and by geography (the
Americas, EMEA, and APAC). It provides a detailed illustration of
the major factors influencing the market, including drivers,
opportunities, trends, and industry-specific challenges.
Here are some key findings of the global industrial
peristaltic pumps market, according to Technavio industrial
automation researchers:
- Need for cost-effective pumping
solutions: a major market driver
- Demand for metering pumps that
incorporate digital technology: emerging market trend
- APAC dominated the global industrial
peristaltic pumps market with 38% share in 2017
- In 2017, water and wastewater industry
dominated the market with a market share of 22%
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Need for cost-effective pumping solutions: a major market
driver
A peristaltic pump is a type of positive displacement pump that
is used for pumping different fluids. Peristaltic pumps are used to
move fluids that contain 70%-80% of solid content such as slurries
because these pumps are more efficient than specialized slurry
pumps. Peristaltic pumps transfer fluids without exposing them to
the environment which prevents them from contamination. Such pumps
can be used in areas that involve the use of aggressive chemicals,
solid slurries, and even materials whose isolation from the
environment and other products is imperative.
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Demand for metering pumps that incorporate digital
technology: emerging market trend
Metering pumps are often used in industries to insert expensive
additives. Metering pumps are positive displacement (PD) pumps
which function by incorporating an adjusting capacity to inject a
definite volume of liquid. There is an increasing demand for
metering pumps that feature digital technology. These pumps use
state-of-art technology along with advanced software and improved
electronic control to adjust the diaphragm's travel speed. Such
advantages help in eliminating hydraulic complexities that may
affect accuracy which happens when the capacity is changed. They
can adjust the travel of the diaphragm which is also called the
stoke length.
According to a senior analyst at Technavio
for research on automation, “Incorporation of digital
technology and other innovations in metering pumps allows them to
monitor conditions such as pressure and flow of the liquid and at
the same time process the output with motor readings in a
continuous manner. Such technological innovations also help in
applications such as ultra-filtration and reverse.”
Global market opportunities
In terms of regional dominance, APAC dominated the global
industrial peristaltic pumps market, followed by EMEA and the
Americas in 2017. APAC is the fastest growing market and will
continue to dominate the market during the forecast period.
Factors leading towards the high growth rate in
APAC can be attributed to the high rate of urbanization and
industrialization in the region which requires substantial
resources. The lack of freshwater resources and the rising level of
pollution in such resources are driving the water and wastewater
industry in this region. Increasing investments in the water and
wastewater industry will be a major factor driving the market in
APAC. In countries such as China and India, the setup of new
industrial units in the oil and gas and power sectors will further
drive the market in this region.
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version on businesswire.com: http://www.businesswire.com/news/home/20180218005029/en/
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
+1 844 364 1100UK: +44 203 893 3200www.technavio.com