Use of IIoT and Industry 4.0 in Industrial Plants Creates Opportunities for Hygienic Pumps and Valves in the Coming Years

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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.ma
rketsandmarkets.com/Market-Reports/hygienic-pumps-
valves-market-145672200.html
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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"
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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/pdfdow
nloadNew.asp?id145672200 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.).
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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.c
om/requestsampleNew.asp?id145672200 Major
companies operating in this hygienic pumps and
valves market include ALFA LAVAL (Sweden), SPX
FLOW, Inc. (US), and GEA Group Aktiengesellschaft
(Germany).
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OPPORTUNITIES Increasing focus on RD for
hygienic pumps and valves is expected to generate
more demand from end users RD 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
RD 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 RD
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.
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