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Use of IIoT and Industry 4.0 Creates Opportunities for Hygienic Pumps and Valves

[258 Pages Report] The global hygienic pumps and valves market size is expected to grow from USD 2.2 billion in 2021 to USD 2.8 billion by 2026, at a CAGR of 4.5%.<br><br>The growth of the market is attributed to stringent government regulations for maintaining optimal hygiene level and expansion of processing industries globally. However, factor such as variations in raw material prices are restraining the market growth. On the flip side, factors including increasing focus on R&D for hygienic pumps and valves and utilization of IIoT and Industry 4.0 in industrial plants are expected to create oppor

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Use of IIoT and Industry 4.0 Creates Opportunities for Hygienic Pumps and Valves

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  1. MarketsandMarkets Presents Use of IIoT and Industry 4.0 in Industrial Plants Creates Opportunities for Hygienic Pumps and Valves in the Coming Years Hygienic Pumps and Valves Market with COVID-19 Impact, by Valve Type (Single-seat Valves, Double-seat Valves, Butterfly Valves, Diaphragm Valves, Control Valves), Pump Type, Operation, End-User Industry, and Region-Global Forecast to 2026 https://www.marketsandmarkets.com/Market-Reports/hygienic-pumps-valves-market-145672200.html

  2. According to a research report "Hygienic Pumps and Valves Market with COVID-19 Impact, by Valve Type (Single-seat Valves, Double-seat Valves, Butterfly Valves, Diaphragm Valves, Control Valves), Pump Type, Operation, End-User Industry, and Region – Global Forecast to 2026", published by MarketsandMarkets™, the global Hygienic Pumps and Valves Market size is expected to grow from USD 2.2 billion in 2021 to USD 2.8 billion by 2026, at a CAGR of 4.5%. The growth of this market is driven mainly by stringent government regulations for maintaining optimal hygiene level and expansion of processing industries globally. Browse 170 market data Tables and 60 Figures spread through 258 Pages and in-depth TOC on "Hygienic Pumps and Valves Market with COVID-19 Impact - Global Forecast to 2026"

  3. Single-seat Valves type hold the largest share of the hygienic pumps and valves market in 2020 The adoption of single-seat valves is increasing at a substantial rate attributed to the high adoption of these valves in process industries owing to their simple design comprising a movable disc with a uniquely designed seat to seat the port of the valve body, as well as their tight shutoff quality, which helps in reducing the leakage. These valves are designed for uninterrupted production in hygiene-critical applications. The simple design and few internal parts makes them more stable than double-seat valves. Ask PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=145672200 Pharmaceutical to hold the largest CAGR of the hygienic pumps and valves market during the forecast period The rise in the number of COVID-19 patients has increase in the demand for drugs and vaccines, which in turn, has surge the production of pharmaceuticals. Due to the outbreak of COVID-19 pandemic, various manufacturers has also expanded the pharmaceutical manufacturing plants, which have increased the adoption of fluid handling systems such as hygienic pumps and hygienic valves. Additionally, maintaining hygiene is the most critical factor for the pharmaceutical manufacturers which is also responsible for the rapid adoption of hygienic pumps and valves in the pharmaceutical plants. The use of hygienic valves and pumps in pharmaceuticals plants provides them with safety control for different media (gases, liquids, slurries, etc.).

  4. The hygienic pumps and valves market in APAC is expected to grow at the highest CAGR from 2021 to 2026 APAC is expected to hold the largest growth rate of the global hygienic pumps and valves market during the forecast period. The factors contributing to its robust growth include the increasing urbanization and growing dairy and pharmaceuticals industries, coupled with the rapid industrialization, in major countries such as China, India, Japan, etc. China is one of the biggest exporters of hygienic pumps and valves components. There is a high demand for hygienic pumps and valves in China due to rapid industrial growth and increasing population. The increasing demand for advanced hygienic equipment in industries such as dairy, pharmaceuticals, and processed foods in India is also fueling the adoption of hygienic pumps and valves. Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=145672200 Major companies operating in this hygienic pumps and valves market include ALFA LAVAL (Sweden), SPX FLOW, Inc. (US), and GEA Group Aktiengesellschaft (Germany).

  5. OPPORTUNITIES: Increasing focus on R&D for hygienic pumps and valves is expected to generate more demand from end users R&D and innovation play a very critical role in the growth of any business. These activities help businesses stand out and gain a competitive advantage in the market. With the increasing competition, businesses are increasing their focus on product R&D and making considerably high investments for it. Such initiatives help them boost the development of new and improved products and technologies that could bring an evolution in the market. According to the National Science Foundation's Survey of Industrial Research and Development, manufacturing firms can be seen spending a higher proportion of their total R&D investments to improve existing products by developing new technologies. CHALLENGES : Increased competition from gray market players and unorganized sector The hygienic pumps and valves market is highly fragmented. The number of players in this market is very high. These players provide their offerings across the world with a strong, widespread network of suppliers and distributors. The manufacturers and distributors operating at the international level have to deal with transportation costs, pricing discrimination, tariffs, sales tax, and other additional prices such as customs duty and shipping charges on their commodities and services. Along with these industrial manufacturers and distributors, the ecosystem of this industry also consists of a large number of local and gray market players. The gray market players are known for buying the products from low-price countries or regions and selling them to high-price countries or regions as well as through distribution channels not authorized by the original manufacturer or trademark proprietor.

  6. 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 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 markets.

  7. Contact Us Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 For More Info: https://www.marketsandmarkets.com/PressReleases/hygienic-pumps-valves.asp

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