According to a research report "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" published by MarketsandMarkets, 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 Browse 179 market data Tables and 61 Figures spread through 262 Pages and in-depth TOC on "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"Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=165107743 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.
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.Self-priming sanitary pumps are expected to register the highest CAGR during the forecast period in the sanitary pumps and valves marketThe non-self-priming sanitary pumps dominate the sanitary pumps and valves market and are expected to continue their dominance during the forecast period.
Centrifugal pumps, most widely used pumps across sanitary applications, always need to be primed before initiating their operations.
However, non-self-priming pumps being the oldest and compact due to no additional priming components added to the system, still make them the largest shareholders in the market.Sanitary Pumps and Valves market in APAC to grow at the highest CAGRThe 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.
