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May 08, 2023

Hygienic Pumps and Valves Market worth $2.8 billion by 2028

CHICAGO, June 1, 2023 /PRNewswire/ -- The global hygienic pumps and valves

CHICAGO, June 1, 2023 /PRNewswire/ -- The global hygienic pumps and valves market size is projected to grow from USD 2.3 billion in 2023 to USD 2.8 billion by 2028, at a CAGR of 3.7% during the forecast period according to a new report by MarketsandMarkets™. Hygienic valves and pumps are generally made of high-quality stainless steel and are designed to be used in applications that require sterilization or clean processing. The need to avoid or minimize the risk of contamination is leading to the adoption of such pumps.

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Browse in-depth TOC on "Hygienic Pumps and Valves Market" 163 – Tables70 – Figures232 – Pages

Hygienic Pumps and Valves Market Report Scope:

Report Coverage

Details

Market Revenue in 2023

$2.3 billion

Estimated Value by 2028

$2.8 billion

Growth Rate

Poised to grow at a CAGR of 3.7%

Market Size Available for

2019–2028

Forecast Period

2023–2028

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Valve Type, Operation Mode, Material Type, Function, Hygiene Class, End-user Industry and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Rising competition from gray market players and unorganized sector

Key Market Opportunities

Growing adoption of IIoT in process industries

Key Market Drivers

Rising demand for processed food & beverages globally

The market for the control valves segment is expected to grow at the highest CAGR during the forecast period.

Control valves automatically regulate essential process variables such as temperature, direction, level, pressure, and flow rate of gas or fluid within a required operating range to ensure the production of high-quality products. Such valves also ensure the safety of multiple production processes. This control valve function has increased its adoption in the food, beverage, pharmaceutical, dairy, and chemical industries, fueling the segment's growth. These valves are used in process industries due to their ability to automatically regulate essential process variables such as temperature, level, direction, pressure, and flow rate of gas, steam, water, or chemical compounds within a required operating range to ensure product quality. These valves are in demand for critical operations and safety applications.

The dairy industry is projected to grow at a steady CAGR from 2023 to 2028

Cleaning the equipment that comes in contact with fluids is essential for dairy processing plants. In cleaning a dairy plant, the main aim is to achieve bacteriological and chemical cleanliness. The manufacturers of dairy products focus on optimizing dairy production and ensuring hygienic conditions. Circulatory clean-in-place (CIP) systems are widely adopted in dairy processing plants to achieve sanitation and cleaning results. Besides, the dairy industry needs to meet the 3A hygienic standards and Pasteurized Milk Ordinance (PMO) requirements. PMO compliance ensures efficient and safe mix-proof valve separation, where fluid milk products are located in one valve chamber and cleaning solution in the other valve chamber. Such mandates are fueling the demand for hygienic pumps and valves in the dairy industry.

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North America is expected to hold the largest share of the hygienic pumps and valves market during the forecast period.

North America held the largest share of the global hygienic pumps and valves industry in 2022, and the US is one of the significant contributors to the market in this region. The growth of this regional market can be attributed to the presence of a large number of industry participants such as SPX FLOW, Inc. (US), Emerson Electric Co. (US), Flowserve Corporation (US), and ITT Inc. (US). The presence of such players is expected to offer ample opportunities for growth in the coming years. These companies focus on strategic partnerships and new product development to increase and improvise their product portfolio to fulfill various evolving requirements. North America has several prominent and leading process industries, including food, beverage, pharmaceuticals, etc. Major players from these industries drive the region's market for all types of hygienic pumps and valves.

The major players in the hygienic pumps and valves companies are include Alfa Laval (Sweden), GEA Group Aktiengesellschaft (Germany), SPX FLOW, Inc. (US), Emerson Electric Co. (US), Spirax-Sarco Engineering plc (UK), and Flowserve Corporation (US).

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SOURCE MarketsandMarkets