(PharmaNewsWire.Com, August 01, 2023 ) As per Maximize Market research, the Hygienic Pumps and Valves Market was USD 6.2 Bn in 2022 and is expected to grow at a CAGR of 6.5 percent over the forecast period to reach USD 9.2 Bn by 2029.
Hygienic Pumps and Valves Market Report Scope and Research Methodology
The bottom-up approach was used to estimate the Hygienic Pumps and Valves market size. SWOT is used to identify the threats and weaknesses of the market while PESTLE is used to employ the competitive intensity of the Hygienic Pumps and Valves Market.
The increasing focus on health and safety, expansion of distribution channels increasing demand for hygienic and sustainable products are the fuelling factors for the market growth. The increasing demand for process automation in industries such as food and beverage, pharmaceuticals, etc. is also the key driver of the market.
Hygienic Pumps and Valves Market Regional Insights
North America is expected to have the highest CAGR for the market over the forecast period. This is due to the presence of major food and beverage businesses and rising pharmaceutical investments.
Hygienic Pumps and Valves Key Competitors include:
Flowserve Corporation
ITT Inc.
Crane Co.
Graco Inc.
Xylem Inc.
SPX FLOW, Inc.
Fristam Pumps USA
KSB SE & Co. KGaA
Burkert Fluid Control Systems
KIESELMANN GmbH
Maximize Market Research is leading Engineering Equipment research firm, has also published the following reports:
Positive Displacement Pumps Market- The market size is expected to reach USD 18.7 Bn by 2029 at a CAGR of 5.1 percent during the forecast period.
Pipeline Equipment Market- The Market size is expected to reach USD 18.16 Bn by 2029 at a CAGR of 4.78 percent during the forecast period.
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