Market Leaders: GEA Group and SPX Flow are Focusing on partnerships, Acquistitions, and investment Strategies to Strengthen Their Marke Position in Food & Beverages Industry Pumps Market
The global food & beverages industry pumps market is estimated to be valued at USD 9.9 billion in 2022. It is projected to reach USD 12.9 billion by 2027, recording a CAGR of 5.3% during the forecast period. Industrial pumps and components play a crucial role in transferring the fluid from one point to another. The increased growth in the industrial pumps and components catering to the food and beverage segment is witnessed worldwide, mainly due to the advanced technology, presence of key players, and demand for high-quality food. The food & beverage industry is a mature sector in various regions with established processors, iconic brands, a strong export orientation, and an increased focus on healthier and more convenient foods.
The key players in this market include Alfa Laval (Sweden), Fristam Pumpen Kg (Gmbh & Co.) (Germany), SPX Flow (US), GEA Group (Germany), Grundfos (Denmark), ITT Inc (US), AMPCO Pumps Company (US), JBT Corporation (US), KSB Se & Co. (Germany), Pentair (US), Atlas Copco (Sweden), LEWA Gmbh (Germany), Charles Austen Pumps (US), Bominox SA (Spain), and PCM (France).
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GEA Group is one of the leading technology suppliers for the food processing industry. The company provides customized solutions in food, dairy processing, dairy farming, beverage processing, pharma, chemical, marine, leisure & sport, land-based transportation, and utilities. The company’s international level industrial technology specializes in machinery and plants as well as process technology, components, and comprehensive services. The company operates through five segments, namely separation & flow technologies, liquid & powder technologies, food & healthcare technologies, refrigeration technologies, and farm technologies. The company has its presence in more than fifty countries across the globe, spanning North America, South America, Europe, Africa, and Asia Pacific. In January 2018, GEA Group acquired Vipoll (Slovenia), a beverage filling technology and equipment company. This acquisition helped GEA in broadening and strengthening its position in the beverage industry by adding beverage packaging equipment & technology to its offering.
SPX FLOW is involved in manufacturing, marketing, and supplying equipment for a wide range of industries. Its products include heat exchangers, pumps, mixers, homogenizers, valves, filters, separators, air dryers, homogenizers, and hydraulic tools. The company operates through two segments, namely food & beverage and industrial. It offers a broad portfolio of food & beverage processing equipment through its food & beverage segment. The company has a strong global network with operations in 30 nations and sales in over 140 countries & continents, such as the Americas, EMEA, and the Asia Pacific regions. It is spread across 23 facilities located in the US and foreign countries, such as China, Germany, and Italy. A majority of the company’s revenue is generated from its industrial segment. Its food & beverage processing equipment finds application in the beverage, alcohol, dairy, fat & oil, and processed food industries. In November 2021, SIG, a leading solution and system provider for aseptic packaging, collaborated with SPX to inaugurate a technology center at the Dubai Silicon Oasis (DSO).
Alfa Laval is a world-leading, global provider of first-rate products in the areas of heat transfer, separation, and fluid handling. Alfa Laval helps to enhance the productivity and competitiveness of its customers in various industries throughout the world. The equipment manufactured by the company is used in the energy, food, water, and marine industry areas. The transportation and regulation of fluids in an efficient and safe manner is crucial to many industries. Alfa Laval focuses on fluid handling products, such as pumps and valves, for industries with stringent hygiene requirements and on pumping systems for the marine industry and the offshore market. Alfa Laval’s products, systems, and services are sold in more than 100 countries. More than 110 service centers deliver services in over 160 countries. The company has production operations in 53 major manufacturing units in Europe (17), Asia (10), the US (8), and Latin America (2). In October 2021, Alfa Laval acquired LiftUP located in Norway. This acquisition helped strengthen Alfa Laval’s aquaculture portfolio.
Related Reports:
Food & Beverage Industry Pumps Market by Type (Pumps, Agitators, Mixers, Compressors), Application (Beverages, Dairy & Chocolate, Meat & Poultry, Bakery & Confectionery), Degree of Engineering, Flow, Pressure and Region - Global Forecast to 2027
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