The Positive Displacement Sanitary Pumps Market revenues were estimated at US$ 7.8 Billion in 2021 and is anticipated to grow at a CAGR of 8.9% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 20.2 Billion.
India is projected to account for nearly 20% of the APAC positive displacement sanitary pumps market share by the end of 2032. Increasing activities in sectors like agriculture, wastewater management, and pharmaceutical industries post-COVID will have a huge impact on the overall GDP of the country.
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For this reason, the demand for industrial equipment like Positive Displacement Sanitary Pumps is projected to increase in the near future. India’s food and grocery business has been the world’s sixth largest, with retail accounting for 70% of total sales. Furthermore, food processing accounts for 32% of the whole food market.
Governments across India have established stringent legislation and regulations to address wastewater treatment in urban and industrial regions. Under the regulations, operators must implement water treatment systems in their operations to manage water scarcity issues. As a result, sewage treatment is likely to benefit the positive displacement sanitary pump sector significantly in the near future.
According to Mr. Amitabh Kant, CEO of NITI Aayog, the value of wastewater treatment plants in India was US$ 2.4 Billion in 2019 which is predicted to climb to US$ 4.3 Billion by 2025, as the demand for municipal and sewage water treatment facilities increases across the country. The industry will have a high need for investment, which the private sector may be able to fulfill through technology selection, fund rotation, and execution.
Key Takeaways from the Market Study
The global Positive Displacement Sanitary Pumps Market is estimated to account for a market size of US$ 8.7 Billion by 2022.
The Rotary segment is expected to account for the highest CAGR of 8.2% during the forecast period.
China is projected to remain the most dominant market with an absolute dollar growth opportunity of US$ 1.6 Billion during 2022 – 2032.
The market in India is set to experience the highest CAGR of 12.7% during the 2022-2032 forecast period.
Competitive Landscape:
The market is fiercely competitive, where key players are increasingly focused on obtaining a competitive advantage. The key companies in the Positive Displacement Sanitary Pumps Market are focused on R&D to produce innovative technological solutions.
In June 2021, Quantex Arc Ltd., a provider of single-use precision pumping technology, was acquired by PSG, a Dover Corporation subsidiary. When the acquisition is finalized, Quantex will be combined into Dover’s Pumps & Process Solutions segment’s PSG business unit. PSG’s presence in biopharma and other sanitary applications has expanded with the purchase of Quantex. Quantex’s recyclable product line will allow the business to broaden its single-use application reach in the biopharma, sanitary, food and beverage, and industrial sectors.
In May 2021, Xylem Inc. announced that it had sold the Jabsco rotary lobe pump product line to the Verder Group. Verder’s position in sanitary pumps for pharmaceutical and food and beverage applications is strengthened by the purchase. The items will be offered under the “Jabsco by Packo” brand throughout the changeover phase. Packo is the Verder Liquids pumps division’s principal sanitary brand, and it comprises centrifugal, twin-screw, and lobe pumps.
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More Insights Available:
Future Market Insights, in its new offering, presents an unbiased analysis of the Positive Displacement Sanitary Pumps Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in the Positive Displacement Sanitary Pumps Market across five regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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