|
|
(Transportation-News.com, October 05, 2021 ) The global peristaltic pumps market is projected to reach USD467.5million 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 aremanufactured 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 thetube 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 variedend-use industries, such as water & wastewater treatment, mining, chemical processing, pharmaceuticals, food & beverages, and pulp & paper.
Download PDF Brochure at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=194304410
New product developmentwas thekey strategy adopted by major players to enhance growth prospects in the peristaltic pumpsmarket between 2014 and 2016. Some of the key players in the peristaltic pumpsmarket includeWatson-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 adoptedexpansions, mergers &acquisitions, and agreementsas growth strategies to expand their product portfolios,strengthen their distribution network,and enhance their customer base.
Watson-Marlow Fluid Technology Group (U.K.)adoptedexpansionsandacquisitionsas key growth strategies to widen its geographic reach and enhance its market share. In January 2017, Watson-Marlow Fluid Technology Group (U.K.)established itssales 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. FlowSmart designs and manufactures high purity sanitary gaskets, silicone transfer tubing, and reinforced silicone hoses for bioprocessing and pharmaceutical industries. This development strategy helped Watson-Marlowenhance its business prospects and increase its market share in the sanitary segment.
Request Sample of Report at https://www.marketsandmarkets.com/requestsampleNew.asp?id=194304410
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.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
MarketsandMarkets™
Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com
Source: EmailWire.Com 
Source: EmailWire.com
|
