Global Industrial Peristaltic Pumps Market 2018-2022
About Industrial Peristaltic Pumps
A peristaltic pump is a type of positive displacement pump/metering pump used for pumping a variety of fluids. The fluid is contained within a flexible tube fitted inside a circular pump casing.
Technavio’s analysts forecast the global industrial peristaltic pumps market to grow at a CAGR of 8.10% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial peristaltic pumps market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of industrial peristaltic pumps.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Peristaltic Pumps Market 2018-2022
Technavio recognizes the following companies as the key players in the global industrial peristaltic pumps market: Dover, Flowrox, Graco, ProMinent, and Spirax-Sarco Engineering
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Demand for metering pumps that incorporate digital technology. Metering pumps are often used in industries to inject expensive additives. Metering pumps are positive displacement (PD) pumps, which incorporate an adjusting capacity to inject a definite volume of liquid. Thus, there is an increasing preference for metering pumps that feature digital technology. Such pumps Demand for metering pumps that incorporate digital technology.”
According to the report, one of the major drivers for this market is Need for cost-effective pumping solutions. A peristaltic pump is a type of positive displacement pump, which is used for pumping different fluids. Peristaltic pumps are mainly used to transfer fluids that contain 70%-80 % of solid content, i.e., slurries as these pumps are more efficient than specialized slurry pumps. These pumps transfer fluids without allowing them to be exposed to the environment, and thus, prevent them from contaminating other fluids. They 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.
Further, the report states that one of the major factors hindering the growth of this market is Availability of large number of substitutes. Pumps comprise two basic types: centrifugal and positive displacement pumps; peristaltic pumps are a type of positive displacement (PD) pumps. Centrifugal pumps are mainly used in the areas that involve high flow-rate applications whereas PD pumps are installed in industries that involve medium flow-rate applications. Sometimes, it is noted that if an industrial facility has already installed centrifugal pumps in its premises, it becomes more economical to use these pumps even for medium flow-rate applications owing to the simple design of the pumps, easy maintenance, and competitive prices.
Dover, Flowrox, Graco, ProMinent, and Spirax-Sarco Engineering