The Latin America, Middle East and Africa Sanitary Pumps and Valves Market should witness market growth of 4.4% CAGR during the forecast period (2023-2030).
Sanitary pumps and valves are also widely used in the pharmaceutical & biotech industries. Pumps and valves capable of dealing with highly poisonous and corrosive fluids are needed for these sectors. The pumps and valves also need to be able to adhere to the stringent regulations that apply to these industries. Regionally, the expenditure on the pharmaceutical industry is expanding.
Another factor propelling the market is the rise in consumer demand for hygienic and clean products. More health-conscious consumers are expecting items that are free of pollutants. Another factor propelling the market is the demand for reliable and efficient ones. Product innovations represent a prominent trend that is gaining popularity. To maintain their position in this market, major companies are launching cutting-edge solutions.
Latin America has a high rate of alcohol consumption per person compared to the global average (6.4 L per capita), with adults over 15 drinking 6.8 L more pure alcohol yearly. The introduction of novel products also contributes to the food processingindustry's ongoing growth. The regional market has expanded dramatically due to increased urbanization, Western cuisine impact, and the rising number of working women. According to the U.S. Department of Agriculture, two of the top 10 nations in terms of the value of their respective bakery goods sectors in terms of USD in 2022 were Saudi Arabia ($43.07 Million) and the Dominican Republic ($42.14 Million). As a result of the aforementioned factors, the regional market will expand favorably throughout the forecast year.
The Brazil market dominated the LAMEA Sanitary Pumps and Valves Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $40.9 Million by 2030. The Argentina market is estimated to grow at a CAGR of 5% during (2023-2030). Additionally, The UAE market would exhibit a CAGR of 4.1% during (2023-2030).
Based on Pump Type, the market is segmented into Centrifugal Pumps, and Positive Displacement Pumps. Based on End-user, the market is segmented into Processed Food, Dairy, Alcoholic Beverage, Non-alcoholic Beverage, Pharmaceutical, and Others. Based on Power Source, the market is segmented into Electric, and Air. Based on Primming Type, the market is segmented into Non-self Primming, and Self Primming. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Xylem, Inc., Graco, Inc. (Newell Brands Inc.), Alfa Laval AB, KSB SE & Co. KGaA, GEA Group AG, SPX Flow, Inc., Dover Corporation, Spirax Sarco Limited, IDEX Corporation, Verder International B.V.
Sanitary pumps and valves are also widely used in the pharmaceutical & biotech industries. Pumps and valves capable of dealing with highly poisonous and corrosive fluids are needed for these sectors. The pumps and valves also need to be able to adhere to the stringent regulations that apply to these industries. Regionally, the expenditure on the pharmaceutical industry is expanding.
Another factor propelling the market is the rise in consumer demand for hygienic and clean products. More health-conscious consumers are expecting items that are free of pollutants. Another factor propelling the market is the demand for reliable and efficient ones. Product innovations represent a prominent trend that is gaining popularity. To maintain their position in this market, major companies are launching cutting-edge solutions.
Latin America has a high rate of alcohol consumption per person compared to the global average (6.4 L per capita), with adults over 15 drinking 6.8 L more pure alcohol yearly. The introduction of novel products also contributes to the food processingindustry's ongoing growth. The regional market has expanded dramatically due to increased urbanization, Western cuisine impact, and the rising number of working women. According to the U.S. Department of Agriculture, two of the top 10 nations in terms of the value of their respective bakery goods sectors in terms of USD in 2022 were Saudi Arabia ($43.07 Million) and the Dominican Republic ($42.14 Million). As a result of the aforementioned factors, the regional market will expand favorably throughout the forecast year.
The Brazil market dominated the LAMEA Sanitary Pumps and Valves Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $40.9 Million by 2030. The Argentina market is estimated to grow at a CAGR of 5% during (2023-2030). Additionally, The UAE market would exhibit a CAGR of 4.1% during (2023-2030).
Based on Pump Type, the market is segmented into Centrifugal Pumps, and Positive Displacement Pumps. Based on End-user, the market is segmented into Processed Food, Dairy, Alcoholic Beverage, Non-alcoholic Beverage, Pharmaceutical, and Others. Based on Power Source, the market is segmented into Electric, and Air. Based on Primming Type, the market is segmented into Non-self Primming, and Self Primming. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Xylem, Inc., Graco, Inc. (Newell Brands Inc.), Alfa Laval AB, KSB SE & Co. KGaA, GEA Group AG, SPX Flow, Inc., Dover Corporation, Spirax Sarco Limited, IDEX Corporation, Verder International B.V.
Scope of the Study
By Pump Type
- Centrifugal Pumps
- Positive Displacement Pumps
By End-user
- Processed Food
- Dairy
- Alcoholic Beverage
- Non-alcoholic Beverage
- Pharmaceutical
- Others
By Power Source
- Electric
- Air
By Primming Type
- Non-self Primming
- Self Primming
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Xylem, Inc.
- Graco, Inc. (Newell Brands Inc.)
- Alfa Laval AB
- KSB SE & Co. KGaA
- GEA Group AG
- SPX Flow, Inc.
- Dover Corporation
- Spirax Sarco Limited
- IDEX Corporation
- Verder International B.V.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market At a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Sanitary Pumps and Valves Market by Pump Type
Chapter 5. LAMEA Sanitary Pumps and Valves Market by End user
Chapter 6. LAMEA Sanitary Pumps and Valves Market by Power Source
Chapter 7. LAMEA Sanitary Pumps and Valves Market by Primming Type
Chapter 8. LAMEA Sanitary Pumps and Valves Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Xylem, Inc.
- Graco, Inc. (Newell Brands Inc.)
- Alfa Laval AB
- KSB SE & Co. KGaA
- GEA Group AG
- SPX Flow, Inc.
- Dover Corporation
- Spirax Sarco Limited
- IDEX Corporation
- Verder International B.V.
Methodology
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