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The sanitary pumps market share in the US is expected to increase by USD 69.92 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.97%.
This sanitary pumps market in the US research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the sanitary pumps market in the US segmentation by product (PD sanitary pump and centrifugal sanitary pump) and end-user (food and beverages, pharmaceuticals, and others). The sanitary pumps market in the US report also offers information on several market vendors, including Alfa Laval AB, Ampco Pumps Co., Dover Corp., GEA Group AG, IDEX Corp., ITT Inc., KSB SE and Co. KGaA, Spirax-Sarco Engineering Plc, SPX FLOW Inc., and Xylem Inc. among others.
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"With the increase in hygiene and cleanliness-related regulations in the food and beverage and pharmaceutical industries, the demand for sanitary pumps will increase, resulting in the growth of the sanitary pumps market in US during the forecast period."
The increasingly stringent regulations in the food and beverage and pharmaceutical industries is notably driving the sanitary pumps market growth in the US, although factors such as intense competition within the pumps industry may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the sanitary pumps industry in the US. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Sanitary Pumps Market Driver in US
One of the key factors driving the sanitary pumps market growth in the US is the increasingly stringent regulations in the food and beverage and pharmaceutical industries. The pumps used in sanitary applications in these industries are governed by high safety standards, wherein the design and material of construction are subject to several national and international rules and regulations formulated by prominent regulatory agencies such as US Food and Drug Administration(FDA), 3-A Sanitary Standards Inc, and United States Dairy Association (USDA). National Sanitation Federation (NSF), US Environmental Protection Agency (EPA), and the United States Department of Agriculture (USDA) are some other agencies that are formulating stringent laws, which is expected to accelerate the sanitary pumps adoption, thereby positively impacting the growth of the market in focus during the forecast period
Key Sanitary Pumps Market Trend in US
Rising demand for sanitary pumps incorporated with advanced technologies is another key factor driving the sanitary pumps market growth in the US. With several new regulations on energy conservation across industries, pump manufacturers are focusing on improving the efficiency of their pumps. Apart from improving the design, manufacturers are also converting conventional pumps into smart pumps by equipping them with multiple sensors that can measure vibration, voltage, current, temperature, pressure, and flow rate. Using the information collected from these sensors, manufacturers can gain rich insights into different operational parameters, which can help in the optimization of these parameters to achieve maximum energy efficiency. By monitoring critical parameters, a change in the flow rate of one pump can be compensated by another in the case of a shutdown so that fluid supply is evenly maintained, and the operation is not halted. Such factors are expected to further support the growth of the market in focus during the forecast period.
Key Sanitary Pumps Market Challenge in US
One of the major challenges to the sanitary pumps market growth in the US is the intense competition within the pumps industry due to the presence of several domestic and international players, as well as vendors with high brand value. Some of the leading vendors based in the US include Dover Corp., IDEX Corp., ITT Inc., SPX FLOW Inc., Xylem Inc., Pentair Plc, and Moyno Inc. The products offered by these vendors are close substitutes for each other, which further intensifies the competition in the market. Factors such as tax benefits and low raw material costs will facilitate domestic players to compete. However, the setup of manufacturing units by international vendors in key locations across the country might negate these advantages. Thus, the price war between the vendors is expected to limit their profits and the growth of the market in focus during the forecast period.
This sanitary pumps market in the US analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the sanitary pumps market in the US as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the sanitary pumps market in the US during the forecast period.
The parent market, the global industrial machinery market, covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. The global industrial machinery market is expected to grow at a moderate pace.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the sanitary pumps market in the US encompasses successful business strategies deployed by the key vendors. The sanitary pumps market in the US is fragmented and the vendors are deploying growth strategies such as partnerships and product portfolio expansion to compete in the market.
Alfa Laval AB - The company offers sanitary centrifugal pumps that reduce the total cost of ownership across the dairy, food, beverage, home-personal care, and biotech and pharmaceutical industries.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The sanitary pumps market in the US forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the sanitary pumps market in the US, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global industrial machinery market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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The sanitary pumps market in the US share growth by the PD sanitary pump segment will be significant during the forecast period. PD sanitary pumps had a dominating share in the sanitary pumps market in the US in 2021. The growth of the segment is attributed to their demand for handling a wide variety of fluids, as per the needs of the pharmaceutical and food and beverage industries. The introduction of new types of PD sanitary pumps, such as twin-screw pumps will further drive the growth in the market. For instance, in March 2021, Q-Pumps designed and introduced QTS Series Sanitary Pumps, a twin-screw type of PD pump with the highest technology and vital functionalities, which provides a clear reduction in time and costs in production processes.
This report provides an accurate prediction of the contribution of all the segments to the growth of the sanitary pumps market size in the US and actionable market insights on post COVID-19 impact on each segment.
Sanitary Pumps Market Scope in the US |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.97% |
Market growth 2022-2026 |
$ 69.92 million |
Market structure |
Fragmented |
YoY growth (%) |
3.01 |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Alfa Laval AB, Ampco Pumps Co., Dover Corp., GEA Group AG, IDEX Corp., ITT Inc., KSB SE and Co. KGaA, Spirax-Sarco Engineering Plc, SPX FLOW Inc., and Xylem Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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