Hose Pump Market Great Opportunities Available For The Vendors

Pumps are mechanical devices used to transfer fluids and liquids by using a direct lift, gravity mechanics, or displacement. Peristaltic hose pumps are simple and easy to use since there are no check valves to become clogged. Their operation is easier against higher back-pressure and thicker solutions but have some limitations involving their hose. By incessant squeezing, the hose is steadily weakened until it deteriorates. The most serious downside of peristaltic pumps involves the possibility that the hose may rupture. If undetected, caustic or dangerous liquids may leak and damage equipment or the pump casing.

One of the major drivers of the global hose pump market is the rising number of water and wastewater industries. Increasing number of water and wastewater treatment plants are replacing their existing pumps with peristaltic pumps in order to save the cost of maintenance and for operational efficiency. The shortage of freshwater resources because of land and water pollution is boosting the demand for the pumps, leading to the growth of the global hose pump market over the forecast period. Water and wastewater industry is expected to attain revenue of US$ 200 million by the end of 2022.

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In addition, the growing pharmaceuticals industry is boosting the demand for peristaltic hose pumps. Peristaltic hose pumps are used by pharmacy industries to manufacture medicinal & biological products, botanical drugs & herbs, and to manufacture pharmaceutical products used for internal and external consumption. The pharmaceuticals market is growing continuously. According to a hose pump market report presented by IMS Institute, expenses for drugs will amount to 1.5 trillion US $ globally by the end of 2021.

This Peristaltic hose pump has been used by food and beverages industries to manufacture soups, chocolates, cream, syrup and yogurt. It helps in providing contamination-free pumping.

Need for frequent replacement of tubes is a major hindrance for the market. Though the replacements are inexpensive, frequent replacement will cause stoppage of the process and may result in contamination of the fluids. The major challenge for the hose pump market is low barrier of entry which makes the industry more diversified and competitive. Entry barriers are few as the cost of investment is low.