The peristaltic pumps market is estimated to be USD 1.2 billion in 2020 and is projected to reach USD 1.8 billion by 2025, at a CAGR of 6.4% between 2020 to 2025. The growing pharmaceutical & medical, water & wastewater treatment, and food & beverage industry will drive the market. The unique peristaltic pump features and the increasing awareness in the end-use industries are anticipated to drive the market during the forecast period.
Peristaltic pumps, also known as roller pumps, are positive displacement pumps mainly used to pump different types of liquids. The liquid is controlled in an elastic tube or hose, which is fixed inside a circular pump. The rotor inside the pump is attached with shoes, rollers, wipers, and lobes to the outside boundary of the rotor, which reduces flexible tubes or hose. When the rotor rotates, the fraction of the tube in compression can be pinched closed, which forces the liquid to travel throughout the tube. In addition to this, when the tube opens to its usual state, the liquid flow can be induced toward the pump. This is named as peristalsis.
Peristaltic pumps offer features, such as seal-less design, low protection costs, self-priming & dry running, gentle pushing act, high suction pick up, scratch resistance, solid managing, reversible, no fall, and precise dosing and clean. Due to these features, peristaltic pumps find application in pharmaceuticals & medical, water & wastewater treatment, food & beverage, chemical processing, mining, pulp & paper, and other end-use industries.
New product launch, expansion, and merger & acquisition were the key strategies adopted by the major players to achieve growth in the global peristaltic pumps market between 2017 and 2020. The major players in the peristaltic pumps market are Watson-Marlow Fluid Technology Group (WMFTG) (US), Verder Group (Netherlands), Cole-Parmer Instrument Company LLC (US), ProMinent Group (Germany), Graco Inc. (US), Flowrox (Finland), IDEX Corporation (US), Randolph Austin (US), Heidolph Instruments (Germany), and Wanner Engineering (US).
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COVID-19 has increased the demand for peristaltic pumps, and the market is projected to grow by 7.4% in 2020. The growth in 2020 is mainly driven by the increasing demand for tube pumps in the pharmaceutical & medical industry. The increase in research & development activities amid COVID-19 with high demand for ventilators and vial filling machines are crucial factors driving the peristaltic pumps market currently. The hose pumps segment is expected to experience slow growth due to slowdown in food & beverage, mining, chemical processing, pulp & paper industries.
The companies have initiated the following developments:
Peristaltic Pumps Market by Type (Peristaltic Tube Pumps, Peristaltic Hose Pumps), Discharge Capacity (Up To 30 Psi, 30-50 Psi, 50-100 Psi, 100-200 Psi And Above 200 Psi) End-Use Industry, And Region - Global Forecast To 2025
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