Peristaltic pumps market worth $467.5M by 2021
The peristaltic pumps market was valued at $315.5 million in 2015 and, at a compound annual growth rate of 6.8 percent, is expected to reach $467.5 million by 2021, according to a MarketsandMarkets report.
Low maintenance cost, seal-less design and corrosion-resistant properties of peristaltic pumps are driving the growth of the global market.
The peristaltic tube pump type segment is projected to lead the peristaltic pumps market. This type pump is used for contamination-free pumping of shear sensitive fluids and viscous sludge or slurries. Peristaltic tube pumps are also used for dispensing, metering, and transfer of aggressive and neutral fluids.
The report shows the pharmaceuticals industry accounted for the largest share of the peristaltic pumps market followed by the water and wastewater treatment and food and beverage industries. In the pharmaceuticals industry, peristaltic pumps are engaged in processing of botanical drugs & herbs, isolating active medicinal principles, and manufacturing pharmaceutical products intended for internal and external consumption in various forms. Highly precise and accurate peristaltic pumps are demanded by the pharmaceutical formulation industry for pellet and tablet coating.
The Asia-Pacific region is projected to be the leading market for peristaltic pumps. Among all countries in the Asia-Pacific region, China is expected to be the fastest-growing market during the forecast period.
For more findings, see “Peristaltic Pumps Market by Type (Tube Pumps, Hose Pumps), End-Use Industry (Pharmaceuticals, Water & Wastewater Treatment, Mining, Food & Beverages, Chemical Processing, Pulp & Paper), and Region – Global Forecast to 2021.”
$11.5B opportunity for high-performance valves in IIoT & remote O&M
The Industrial Internet of Things (IIoT) is shaping the way valves will be purchased and advances in IIoT will drive demand for valve automation and communication of valve health and performance, according to market research company The McIlvaine Company. Companies like Emerson, Flowserve, Pentair, GE and others are already pursuing this market and have generated revenues of $7 million. Global industrial valve revenues are expected to grow from $62 billion in 2017 to $88 billion in 2025.
Global chemical industry M&A outlook impacted by geopolitical factors
Geopolitical factors including protectionism could temper the expected increase of global chemical mergers and acquisitions (M&A) in 2017, making it difficult to achieve the levels of record activity the industry experienced the two years prior, according to Deloitte’s “2017 Global chemical industry mergers and acquisitions outlook.” The report anticipates M&A volumes to be driven by high levels of cash from corporations, low levels of innovations and a low-growth macroeconomic outlook.
Global process instrumentation & automation market expected to see growth
The global process instrumentation and automation (PI&A) market was valued at $63 billion in 2016, and is expected to grow at a 5-year compound annual growth rate of 4 percent from 2016 to 2021, according to Global Automation Research LLC. Control systems, field measurements and final control devices made up 80 percent of the total PI&A global market.
Filtration & separation IIoT, Remote O&M Market outlook by 2026
The applications of filtration and separation are often critical to successful manufacturing of products and delivery of clean water. The Industrial Internet of Wisdom (IIoW) bolstering the Industrial Internet of Things (IIoT), will have a $10 billion impact on the market size by 2026. This will divert another $10 through different market routes in 2016, according to market analyst The McIlvaine Company’s latest publication IIoT and Remote O&M. Filtration and separation equipment and consumables will drive more than $95 billion in sales in 2016, of which $20 billion will be due to the impact of IIlT and Remote O&M.