Of particular note is India’s expected role in the Asia-Pacific (APAC) market, with projections indicating that it may hold around 20% of the market share by 2032. Factors contributing to this growth include increased activity in key sectors such as agriculture, wastewater management, and pharmaceuticals following the COVID-19 pandemic. These developments are anticipated to have a significant positive impact on India’s overall GDP.
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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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