From GlobeNewswire: 2024-09-17 13:00:00

Custom Market Insights released a report on the Sanitary Pumps and Valves Market, showing a value of approximately USD 2.1 Billion in 2023, expected to reach USD 2.2 Billion in 2024 and grow to about USD 3.1 Billion by 2033 at a CAGR of 3.7%. The market is driven by increased industrial operations and hygiene awareness. The pharmaceutical industry held the highest market share in 2023 and is expected to dominate through 2033.

The positive displacement segment led the market in 2023 and is projected to maintain its dominance throughout 2024-2033 due to growing safety and hygiene concerns. Electric pumps also held a significant market share in 2023 and are expected to continue dominating during the forecast period, offering accurate pressure control and improved operation. The pharmaceutical industry, which prioritizes product purity, had the highest market share in 2023 and is expected to remain dominant through 2033.

The Asia Pacific region led the Sanitary Pumps and Valves Market in 2023 with a 43.6% market share, expected to maintain dominance through 2024-2033. Key countries driving the market in the region include Japan, China, and India. Japan, with its developed economy, sees high demand for sanitary pumps and valves in various industries. The processed food, chemicals, and pharmaceutical sectors are major contributors to Japan’s economy, with sanitary pumps and valves playing a crucial role in ensuring product quality and safety.

Overall, the global Sanitary Pumps and Valves Market is on a growth trajectory, driven by increased industrial operations, hygiene awareness, and regulatory standards. With a forecasted CAGR of 3.7% from 2024 to 2033, the market is set to reach a value of around USD 3.1 Billion by 2033. Key players in the industry, such as Alfa Laval, are providing essential products and solutions for heat transfer, separation, and fluid handling. Regional analysis shows Asia Pacific leading the market, with countries like Japan driving demand for sanitary pumps and valves.



Read more at GlobeNewswire: [Latest] Global Sanitary Pumps and Valves Market Size/Share