The peristaltic pumps market is projected to reach USD 467.5 million by 2021, at a CAGR of 6.8% from 2016 to 2021. A peristaltic pump is a type of positive displacement pump with a tube or a hose, used for pumping a variety of fluids. Peristaltic pumps are manufactured using plastics, cast iron, and stainless steel. It is mainly used for pumping a wide range of chemicals, including acids, bases, corrosives or viscous liquids, aggressive fluids, clean/sterile fluids, and slurries. Peristaltic pumps work on the principle of compressing and pressing the tube or hose material that is positioned between a rotating device and a circular pump housing, where the increased pressure will move the fluid. There has been a growing demand for peristaltic pumps from varied end-use industries, such as water & wastewater treatment, mining, chemical processing, pharmaceuticals, food & beverages, and pulp & paper.
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New product development was the key strategy adopted by major players to enhance growth prospects in the peristaltic pumps market between 2014 and 2016. Some of the key players in the peristaltic pumps market include Watson-Marlow Fluid Technology Group (U.K.), Verder Group (Netherland), ProMinent Dosiertechnik GmbH (Germany), Cole-Parmer Instrument Company, LLC (U.S.), Flowrox (Finland), Graco Inc. (U.S.), Wanner Engineering, Inc. (U.S.), IDEX Corporation (U.S.), and SEKO S.p.A. (Italy). Besides new product developments, companies have also adopted expansions, mergers & acquisitions, and agreements as growth strategies to expand their product portfolios, strengthen their distribution network, and enhance their customer base.
Watson-Marlow Fluid Technology Group (U.K.) adopted expansions and acquisitions as key growth strategies to widen its geographic reach and enhance its market share. In January 2017, Watson-Marlow Fluid Technology Group (U.K.) established its sales and support hub in Concord, Ontario, Canada. This expansion strategy helped the company enhance its customer base and strengthen its distribution channel. In November 2016, Watson-Marlow Fluid Technology Group (U.K.) acquired Aflex Hose Limited (U.S.) and its subsidiary Aflex Hose USA LLC (U.S.) for USD 76.8 million. Aflex Hose specializes in the design and manufacture of PTFE-lined flexible hose. This development strategy helped Watson-Marlow reinforce its presence in the peristaltic pumps market as a leading provider of technologically advanced products. In November 2015, Watson-Marlow Fluid Technology Group (U.K.) acquired business and assets of Flow Smart Inc. (U.K.) for USD 7.12 million. Flow Smart designs and manufactures high purity sanitary gaskets, silicone transfer tubing, and reinforced silicone hoses for bioprocessing and pharmaceutical industries. This development strategy helped Watson-Marlow enhance its business prospects and increase its market share in the sanitary segment.
IDEX Corporation (U.S.), another key player in the peristaltic pumps market, adopted acquisition as its key growth strategy to enhance business prospects. In August 2016, IDEX acquired SFC KOENIG (Switzerland), which specializes in highly engineered expanders and check valves for critical applications. This strategic deal helped strengthen IDEX’s position in the transport, hydraulic, aviation, and medical sectors. In July 2016, IDEX acquired AWG Fittings GmbH (Germany) for USD 48.8 million to enhance its geographic reach in the fire suppression products segment.
The peristaltic pumps market is projected to reach USD 467.5 million by 2021, at a CAGR of 6.8% from 2016 to 2021. A peristaltic pump is a type of positive displacement pump utilized for pumping a wide range of chemicals that include acids, bases, corrosives or viscous liquids, aggressive fluids, clean/sterile fluids, and slurries. Peristaltic pumps are manufactured using plastics, cast iron, and stainless steel. Low cost of maintenance, seal-less design, and corrosion-resistant properties drives the growth of the peristaltic pumps market. There has been a growing demand for peristaltic pumps from varied end-use industries, such as water & wastewater treatment, mining, chemical processing, pharmaceuticals, food & beverages, and pulp & paper.
Based on type, the peristaltic pumps market has been segmented into peristaltic tube pumps and peristaltic hose pumps. Peristaltic tube pumps are preferred over peristaltic hose pumps, as they are more economical and require less maintenance. Peristaltic tube pumps have the capability to handle shear sensitive fluids, viscous sludge or slurries, and aggressive acids and caustics. They are widely utilized in pharmaceuticals and food & beverages industries.
The pharmaceuticals industry is projected to be the fastest-growing end-use industry for peristaltic pumps during the forecast period. This growth is mainly attributed to the increase in R&D capabilities of biotech and pharmaceutical industries. In addition, the growth of the pharmaceuticals industry and expansion of its production facilities are further contributing to the growth of the peristaltic pumps market in the pharmaceuticals industry during the forecast period.
Asia-Pacific is the largest market for peristaltic pumps, followed by Europe. The high demand for peristaltic pumps in the Asia-Pacific region can be attributed to the rising consumption of peristaltic pumps across varied end-use industries, such as pharmaceuticals, water & wastewater treatment, food & beverages, and chemical processing. The peristaltic pumps market in the Asia-Pacific region is projected to grow at the highest CAGR from 2016 to 2021. Among all countries in the Asia-Pacific region, the peristaltic pumps market in China is expected to grow at the highest CAGR during the forecast period, followed by India and Japan.
Watson-Marlow Fluid Technology Group (U.K.), Verder Group (Netherland), ProMinent Dosiertechnik GmbH (Germany), Cole-Parmer Instrument Company, LLC (U.S.), Flowrox (Finland), Graco Inc. (U.S.), Wanner Engineering, Inc. (U.S.), IDEX Corporation (U.S.), and SEKO S.p.A. (Italy) are key companies manufacturing peristaltic pumps.
