Hygienic Pumps and Valves Market Size, Share, Industry Report, Revenue Trends and Growth Drivers
The hygienic pumps and valves market size is predicted to grow from USD 2.3 billion in 2023 to USD 2.8 billion by 2028, at a CAGR of 3.7%.
Hygienic pumps and valves are used in different industries, such as food and beverages. Manufacturers across these industries must follow several hygiene standards defined by various associations. These standards help in the adoption of hygienic equipment, as they provide control over processes, enhance production, and avoid the contamination of products. In the pharmaceutical industry, manufacturing pharmaceutical products requires maintaining high hygiene standards at each phase of the manufacturing process, such as materials, equipment, containers, premises, and cleaning and disinfecting products, to ensure the purity and quality of final products and the strength of active ingredients. These standards provide adequate and safe products for patients
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Market Dynamics
DRIVERS: Rising demand for processed food & beverages globally
In recent years, a tremendous rise can be seen in the consumption of processed food globally. Several facts contribute to the overall increased processed food industry. Changing lifestyles, growing globalization, and rising population are major driving factors supporting the adoption of processed foods and beverages. The growing population and increasing economy have pushed the trend for packaged foods and drinks as they are more conveniently available and can be stored longer than fresh foods. The cost of living has improved, so the population is leading a busier lifestyle, hence opting to cut down the efforts and time needed to cook the food. These factors have significantly risen the refrigerated and ready-to-eat packaged food markets.
Moreover, as urbanization rises, the access to fresh foods and vegetables gets saturated, so the people living in urban areas rely more on processed food and drinks. In addition, the population is becoming more aware of healthy lifestyles and choosing foods with lower sugar, salt, and fats. These newer trends are supporting the packaged and processed food market.
RESTRAINTS: Fluctuations in raw material prices
Manufacturing hygienic pumps and valves requires non-corrosive, odourless, and nontoxic materials, mainly 304L or 316L stainless steel. Stainless steel contains nickel and chromium raw materials. The production price of stainless steel depends on the prices of these raw materials, which fluctuate due to the factors such as geopolitical events, trade policies, global supply and demand gap, transportation costs, and others. Hence, this affects the pricing of stainless-steel production and supply globally. The highly varying raw material costs also lead to ineffective price management and fluctuations in profit margins. This variation in the end-product prices also affects the sales of hygienic pumps and valves. These factors result in changes in the adoption of sanitary pumps and valves across various industries, thus restraining the market.
OPPORTUNITIES: Growing adoption of IIoT in process industries
Hygienic/sanitary pumps and valves are critical components of various industrial equipment in process industries such as food & beverage and pharmaceutical. The failure of these pumps and valves could lead to disruptions in plant processes. Traditional, schedule-based maintenance methods fail to alert manufacturing companies about impending valve failures. Due to this, technicians often inform about faults while inspecting pumps and valves, resulting in unplanned downtime. However, recent developments in data science, communications, and computing power have enabled companies to leverage the IIoT technology to reduce unplanned downtime due to valve failure. IIoT enables hygienic pump and valve experts to monitor their health in a plant remotely and track the efficiency, lifecycle, and potential chances of failure of these valves.
CHALLENGES: Rising competition from gray market players and unorganized sector
With the increasing number of local players across regions and the growing existence of gray market players, the competition for industrial players is increasing enormously. With the growing competition, the well-established players in this market face challenges, especially in developing regions such as Asia Pacific and South America. These players must be cautious and sensitive about their product quality, service offerings, and commitments to their industrial customers. The gray market players are known for buying products from low-price countries or regions and selling them to high-price countries or regions through distribution channels not authorized by the original manufacturer or trademark proprietor. All these factors act as a challenge for existing market players.
The market in Asia Pacific is projected to grow at the highest CAGR from 2023 to 2028.
China is one of the largest and fastest-growing economies in the Asia Pacific. The country is among the leading manufacturers and exporters of hygienic pumps and valves, with several medium-sized manufacturers based in the country. Thus, the presence of local manufacturers of hygienic pumps and valves makes it the largest producer and supplier of hygienic pump and valve components. The country has a robust industrial base, where process industries such as processed food and chemicals are the leading industries. Other industries, such as dairy, alcoholic beverages, and pharmaceuticals, contribute a considerable share to the country's economy. These industries require comprehensive control and monitoring actions for controlling the flow, pressure, and level and transporting the fluids in pipelines, which requires hygienic pumps and valves. The demand for hygienic pumps and valves is
driven by the rapid growth of the processed food and dairy industries, owing to the rapid growth in the population.
Key Market Players
Alfa Laval (Sweden), GEA Group Aktiengesellschaft (Germany), SPX FLOW, Inc. (US), Emerson Electric Co. (US), Spirax-Sarco Engineering plc (UK), Flowserve Corporation (US), ITT Inc. (US), KSB SE & Co. KGaA (Germany), Christian Bürkert GmbH & Co. KG (Germany), GEMÜ Group (Germany), and SAMSON
AG (Germany) are among a few top players in the Hygienic Pumps and Valves Companies.
Air-actuated operation mode is expected to grow with the highest CAGR during the forecast period.
Manual operation of valves is time-consuming and requires more effort. Deploying thousands of manually operated valves of different types in the factories is also a slow process. Hence, the focus of manufacturers is now being diverted towards automation and the transformation of factories. Airactuated hygienic valves involve air pressure against a diaphragm or piston to produce circular or linear movement. The air is a control media passed in an air-actuated actuator to open, close, or control fluid flow. These valves reduce the pressure in a controlled manner with the help of positioners and actuators. Air-actuated valves are being used in many industries because they offer several advantages over manually operated pumps.
The processed food industry is projected to hold the largest market share during the forecast period
The processed food industry is driven by the increasing population, changing consumer consumption patterns, growing urbanization, and improving living standards in developing countries. The manufacturers of processed food must meet the safety mandates implemented by the governments of various countries to ensure the quality and safety of food products. Adopting hygienic pumps and valves in the processed food industry helps meet hygiene requirements with maximum performance. Besides, the need for leakproof and clean containers in this industry creates the need to integrate hygienic valves in pipelines. In food processing plants, hygienic pumps and valves are used for cleaning/rinsing, mixing, CIP process, filling, machine control, factory solution, and food safety and compliance applications.