Hygienic and Aseptic Valves Market Sales and Revenue Market Share by Countries
Transparency Market Research observes that the competitive landscape in the global hygienic and aseptic valves market has quite a few leading players. Currently the players are focusing on expanding their business in emerging markets to cater to the huge potential in the developing regions. “Furthermore, companies are also looking at providing solutions to sectors such as biotechnology and pharmaceuticals to strengthen their market position,” states the lead author of this research report. Some of the key players operating in the global market are Alfa Laval AB, SOX Flow, Inc., ITT Corporation, GEA Group AG, and Pentair PLc.
The research report states that the global hygienic and aseptic valves market is expected to be worth US$9.0 bn by the end of 2025 as compared to US$6.0 bn in 2015. The market is expected to show progress of 4.8% CAGR during the forecast period.
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Hygienic Single Seat Valves Show Robust Growth Rate as Companies Comply to Sanitation Norms
On the basis of types of valves, the global market is segmented into hygienic single seat valves, hygienic double seat valves, hygienic butterfly valves, hygienic control valves, and aseptic valves. Of these, the hygienic single seat valves are expected to outperform all other segments. By the end of the forecast period, the segment is expected to acquire a share of 26.0% in the global market. The dominant share of this segment will be attributable to the ability of these valves to meet the strict regulations pertaining to aseptic and hygienic processes in industries such as pharmaceuticals, food and beverages, and dairy. In terms of geography, North America is leading the global market due to region’s continuous investment in expanding manufacturing facilities. The region is expected to rise at a CAGR of 7.1% between 2016 and 2025.