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Impact of COVID-19 on the Sanitary Pumps and Valves market

The sanitary pumps market was valued at USD 1.9 billion in 2020 and is projected to reach USD 2.4 billion by 2026; it is expected to register a CAGR of 4.3% from 2021 to 2026. The growth of the market is attributed to the growing industrialization across the world and the increasing awareness of maintaining hygiene across the end-use industries.

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Impact of COVID-19 on the Sanitary Pumps and Valves market

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  1. MarketsandMarkets Presents Sanitary Pumps and Valves Market with COVID-19 Impact, by Pump Type (Centrifugal Pumps and Positive Displacement Pumps), Pump Priming Type, Pump Power Source (Electric and Air), End User, and Geography - Global Forecast to 2026 The sanitary pumps market was valued at USD 1.9 billion in 2020 and is projected to reach USD 2.4 billion by 2026; it is expected to register a CAGR of 4.3% from 2021 to 2026. The growth of the market is attributed to the growing industrialization across the world and the increasing awareness of maintaining hygiene across the end-use industries, which include processed food, beverages, pharmaceuticals, dairy, and others across the world, the increasing awareness of the manufacturers toward maintaining hygiene across the end-use industries as well as several stringent regulations and standards designed by the government or other related organizations to maintain a level of safety and hygiene in the end-use products and industries

  2. MarketsandMarkets Presents Centrifugal Pumps are estimated to hold the largest market share of the sanitary pumps and valves market respectively during the forecast period. Centrifugal pumps are the oldest and simplest sanitary pumps developed on the principle of centrifugal force technology. Their inexpensive manufacturing and simple, durable functioning make them the most widely adopted type of sanitary pumps in the market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=165107743 There are numerous advantages of centrifugal pumps, which include their excellent capability to transfer low-viscosity fluids, easily adjustable flow rate, low cost, simple design easy to maintain, steady output, compatibility with fluids containing suspended particulates or small solids, and availability in numerous designs capable of a wide range of flow and pressure outputs. Owing to these properties, the market share of centrifugal pumps is currently dominating the sanitary pumps market and can be seen increasing extensively during the forecast period.

  3. MarketsandMarkets Presents Self-priming sanitary pumps are expected to register the highest CAGR during the forecast period in the sanitary pumps and valves market The non-self-priming sanitary pumps dominate the sanitary pumps and valves market and are expected to continue their dominance during the forecast period. This is primarily because the majority of the sanitary pumps available in the market are designed to be non-self-priming, while a few of them are designed to be self-priming. Centrifugal pumps, most widely used pumps across sanitary applications, always need to be primed before initiating their operations.

  4. MarketsandMarkets Presents Sanitary Pumps and Valves market in APAC to grow at the highest CAGR The market in APAC is expected to grow at the highest growth rate during the forecast period. This exceptional growth can be attributed to the increasing demand for sanitary equipment in end-use industries such as dairy, processed food, pharmaceuticals, and beverages in major countries such as China, Japan, and India. 

  5. MarketsandMarkets Presents Key Market Players ALFA LAVAL (Sweden), FristamPumpen KG (Germany), PSG (US), SPX Flow, Inc (US), GEA Group Aktiengesellschaft (Germany), ITT INC. (US), Xylem (US), Ampco Pumps Company (US), Viking Pumps (US), and Verder.com (Netherlands) are a few major players in Sanitary Pumps and Valves market. Know more @ https://www.marketsandmarkets.com/Market-Reports/sanitary-pumps-valves-market-165107743.html

  6. MarketsandMarkets Presents About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

  7. MarketsandMarkets Presents MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact:Mr. AashishMehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA : 1-888-600-6441

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