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Growing Demand across Multiple End-use Industries Propels Hygienic Pump and Valve Market Valuation towards US$ 12.6 Billion by 2034, Driven by 6.6% CAGR | FMI Analysis

Future Market Insights Global and Consulting Pvt. Ltd.
6 min read
Future Market Insights Global and Consulting Pvt. Ltd.
Future Market Insights Global and Consulting Pvt. Ltd.

Businesses seek eco-friendly hygienic pumps & valves for energy efficiency & reduced water usage. Addressing contamination concerns, the hygienic pump and valve market experiences sales surge as industries prioritize hygiene & efficiency.

NEWARK, Del, March 31, 2024 (GLOBE NEWSWIRE) -- According to Future Market Insights (FMI), the hygienic pump and valve market value is expected to rise from US$ 6.7 Billion in 2024 to US$ 12.6 Billion by 2034. This estimated growth is expected to be driven by a CAGR of 6.6% over the next decade.

The hygienic pump and valve industry is driven by the rising demand for hygienic and clean products and the growing demand for reliable pumps and valves in the biotech and pharmaceutical industries.

The food and beverage industry is a prominent consumer of hygienic pumps and valves. This industry is continuously evolving and growing, which is subsequently increasing the demand for innovative products like hygienic pumps and valves. Further, the growing demand for pumps and valves to manage corrosive and toxic fluids in the biotech and pharmaceutical companies is raising the market’s value.

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Surging need for reliable and efficient pumps and valves is a crucial driver that is expected to motivate constant technological advancements by key players.

Key Takeaways from the Hygienic Pump and Valve Market Report:

  • By pump type, the centrifugal pump segment is projected to rise at a CAGR of 6.2% through 2034.

  • Based on valve type, the single-seat valves segment is expected to register a CAGR of 6% over the forecast period.

  • In the United States, the hygienic pump and valve market is expected to be valued at US$ 2.2 Billion by 2034. Over the forecast period, the market is projected to increase at a CAGR of 6.8% through 2034.

  • The China hygienic pump and valve market is estimated to be worth US$ 1.9 Billion by 2034. The market is expected to expand at a CAGR of 6.9% through 2034.

  • In Japan, the hygienic pump and valve industry is forecasted to reach a valuation of US$ 1.3 Billion by 2034.

“Manufacturers are focusing on enhancing the designs and materials of hygienic pumps and valves to elevate their functionality and utilization among end users,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

Industry participants are launching innovative products made of advanced materials and focusing on smart features and automation to refine their line of hygienic pumps and valves. Additionally, players are adjusting their offerings to meet the demands of pharmaceuticals, food and beverages, and bioprocessing industries. Leading competitors are further concentrating on geographical expansions and strategic partnerships and acquisitions to expand their product offerings.

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