The global hygienic pumps and valves market size is expected to grow from USD 2.2 billion in 2021 to USD 2.8 billion by 2026, at a CAGR of 4.5%.
Key Market Players
ALFA LAVAL (Sweden), SPX FLOW, Inc. (US), and GEA Group Aktiengesellschaft (Germany) are a few major players in hygienic pumps and valves market.
The factors including increasing focus on R&D for hygienic pumps and valves and utilization of IIoT and Industry 4.0 in industrial plants are expected to create opportunities for the adoption of hygienic pumps and valves in the coming years. Moreover, increased competition from gray market players and unorganized sector, and failures or malfunctioning could lead to unplanned machine downtime acts as a challenge for the hygienic pumps and valves market.
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Hygienic pumps and valves in APAC to grow at the highest CAGR
The market in APAC is expected to grow at the highest CAGR from 2021 to 2026. The factors contributing to its robust growth include the increasing urbanization and growing dairy and pharmaceuticals industries, coupled with the rapid industrialization, in major countries such as China, India, Japan, etc. China is one of the biggest exporters of hygienic pumps and valves components. There is a high demand for hygienic pumps and valves in China due to rapid industrial growth and increasing population. The increasing demand for advanced hygienic equipment in industries such as dairy, pharmaceuticals, and processed foods in India is also fueling the adoption of hygienic pumps and valves.
Processed Foods industry to dominate the hygienic pumps and valves market in 2020
The hygienic pumps and valves market for processed foods industry is dominant in 2020. The rising demand for safe and healthy food in developed and developing countries as well as surging food requirements and rising urbanization, coupled with rapid population growth, are responsible for the growth of the processed foods industry.
Single-seat Valves to hold the largest share of hygienic pumps and valves market by 2026
The market for the single-seat valves held the largest share in 2020. The growth of the segment is attributed to the high adoption of these valves in process industries owing to their simple design comprising a movable disc with a uniquely designed seat to seat the port of the valve body, as well as their tight shutoff quality, which helps in reducing the leakage. These valves are designed for uninterrupted production in hygiene-critical applications. The simple design and few internal parts make them more stable than double-seat valves.
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