London, 04 September 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Sanitary Pumps Market 2014-2018, which is expected to grow at a CGAR of 4.21 percent during 2013-2018.
“Increased demand for new pumps at the new facilities and lower replacement rates in existing facilities are expected to affect the Global Sanitary Pumps market,” says Faisal Ghaus, Vice President of TechNavio.
“The number of end-users is increasing, especially in the Food and Beverage industry. Consequently, vendors are employing competitive pricing strategies and thus leaving the market highly fragmented.”
Key Market Drivers
- Increased Consumption of Processed Foods and Dairy Products
- Innovations in Hygienic Pump Technology and New Practices in Manufacturing Process
- Stringent Federal Regulations
Key Market Trends
- Promotion of Health, and Well-being of Customers
- Increase in Market Players
Key Market Vendors
- Alfa Laval AB
- FRISTMAN Pumpen AG
- ITT Corp.
- PSG Dover
- SPX Corp.
- Xylem Inc.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
