Positive Displacement (PD) Sanitary Pumps Market: Clear Understanding of The Competitive Landscape and Key Product Segment
The global positive displacement sanitary pumps market has been experiencing a growing level of consolidation, with key players such as Fristam Pumps, IDEX Corporation, and Alfa Laval AB are projected to rise to more prominence when compared to the local vendors in the coming years. Smaller takeover of the niche players by the companies, permitting the latter to easily expand their business horizons across attractive regional markets and also extend their technological and product portfolio is thought to the highly preferred development strategy.
The global market for positive displacement sanitary pumps was valued at US$4.55 bn in the year 2015. The market is expected to grow and reach an overall valuation of US$10.65 bn by the end of 2024. This growth of the market is expected to be achieved with the help of an impressive CAGR of 10.1% over the course of the given forecast period of 2016 to 2024.
With respect to the varieties of positive displacement sanitary pumps that are available in the global market, the gear pump segment led the market with holding over 32% of share in the revenues of rotary positive displacement sanitary pump market in 2015. Asia Pacific market is expected to continue its dominance across the globe with the region accounting for almost 39% of the overall share in the market in 2015.
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