Flowing Forward: Peristaltic Pumps Market Scope and Current Trends
The Peristaltic pumps market size is estimated to be USD 2.1 Billion in 2022 and is projected to reach USD 3.0 Billion by 2027, at a CAGR of 6.8%. Peristaltic pumps is a class of positive displacement pumps mainly used to pump different types of liquids. The liquid is controlled in an elastic tube or hose, which is fixed inside a circular pump.
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The Peristaltic pumps Market has been segmented based on its type i.e. Peristaltic hose pumps and peristaltic tube pumps. The main difference between the two is that peristaltic hose pumps may run under higher pressure than peristaltic tube pumps because the former is reinforced, whereas the latter is not. The pumps are further categorised by different materials used for tube pumps and hose pumps. The peristaltic hose pumps market is driven by the easy and low maintenance cost of peristaltic pumps in end-use industries, such as food & beverage, chemical processing, mining, and pulp & paper.
The Peristaltic pumps market has been segmented based on the discharge capacity. The market is segmented as Up to 30 psi, 30-50 psi, 50-100 psi, 100-200 psi and above 200 psi. Peristaltic pumps that have a discharge capacity of less than 100 psi are mainly tube pumps. Those that have a discharge capacity of more than 100 psi are hose pumps. Vending machines and dishwashers, and the pharmaceutical & medical industry use peristaltic tube pumps with discharge capacities of up to 30 psi. For high discharge capacity, the market is driven by the food & beverage, water & wastewater treatment, mining, chemical processing, and pulp & paper industries
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The Peristaltic pumps market is segmented based on end-use applications. The peristaltic pumps can be used in various end-use industries such as pharmaceutical & medical, water & wastewater treatment, food & beverage, chemical processing, mining, pulp & paper and others. The pharmaceuticals industry needs peristaltic pumps that are extremely precise and accurate. Peristaltic pumps are used particularly in the formulation of pellet and tablet coating. The demand for smart peristaltic is driven by increase in the penetration of digitization in the water & wastewater treatment industry. Similarly mining companies are automating and digitizing their processes. Peristaltic pumps are ideal for pumping food and beverages due to their ability to pump without contaminating the product.
The Peristaltic pumps Market is studied for five regions, namely, North America, Asia Pacific, Europe, Middle East & Africa and South America. The growth is led by rapid urbanization and increasing demand for peristaltic pumps from various industries, including pharmaceutical & medical, water & wastewater treatment, food & beverage, chemical processing, mining, pulp & paper and others. The pharmaceutical sector and water & wastewater treatment are the biggest consumers of peristaltic pumps. The largest peristaltic pumps market globally is present Asia Pacific. In the Rest of the world, due to rapid growth related to end use industries it is driving the market for peristaltic pumps.
