File Photo
Accelerating the Pump Feeders Market: 3 Latest Drivers Fuelling Growth
Increasing Demand for Sustainable and energy-efficient pump Feeders: The market is witnessing a growing demand for pump feeders that are sustainable and energy-efficient. Manufacturers are developing products that consume less energy and reduce the carbon footprint of the manufacturing process.
Advancements in IoT and automation technologies: Pump feeders are being integrated with IoT and automation technologies to improve their efficiency and accuracy. This allows manufacturers to monitor and control the pump feeders remotely, reducing the need for human intervention.
Growing demand for customization: End-users are increasingly demanding pump feeders that can be customized to their specific requirements. Manufacturers are developing products that are versatile and can be easily adapted to different applications and production processes. This allows end-users to optimize their manufacturing processes and improve their productivity.
Uncovering Growth Prospects: 3 Latest Opportunities in the Pump Feeders Market
Emerging markets: The growing demand for pump feeders in emerging markets presents a significant opportunity for manufacturers. Countries such as India, China, and Brazil are investing heavily in their manufacturing sectors, driving the demand for pump feeders.
Increasing demand for food-grade pump feeders: The food and beverage industry is increasingly demanding pump feeders that are suitable for use in food processing and handling. Manufacturers are developing food-grade pump feeders that comply with food safety regulations and can handle a wide range of food products.
Growing demand for high-pressure and high-temperature pump feeders: End-users are increasingly demanding pump feeders that can handle high-pressure and high-temperature applications. Manufacturers are developing products that can operate at higher pressures and temperatures, expanding their use in a wide range of applications such as oil and gas, mining, and construction.
Future-proofing the Pump Feeders Market: Latest Trends to Watch Out For
Increasing demand for smart and connected pump feeders: Among the latest trends in the pump feeders market is the increasing demand for smart and connected pump feeders. This trend is driven by the growing need for automation and digitalization in the manufacturing industry. Smart and connected pump feeders are equipped with sensors and communication technologies that allow them to be remotely monitored and controlled. This enables manufacturers to optimize their production processes and reduce downtime.
The demand for smart and connected pump feeders is expected to continue to grow as the manufacturing industry becomes increasingly digitized. Manufacturers are responding to this trend by developing pump feeders that are equipped with the latest technologies, such as IoT, AI, and machine learning.
Increasing demand for hygienic pump feeders: A prominent trend in the pump feeders market is the increasing demand for hygienic pump feeders. This trend is driven by the growing focus on food safety and hygiene in the food and beverage industry.
Manufacturers are developing hygienic pump feeders that are easy to clean and maintain, reducing the risk of contamination. Hygienic pump feeders are also designed to be compatible with different types of food products, reducing the risk of cross-contamination.
The demand for hygienic pump feeders is expected to continue to grow as the food and beverage industry becomes increasingly focused on food safety and hygiene. Manufacturers are responding to this trend by developing hygienic pump feeders that comply with food safety regulations and can handle a wide range of food products.
The market growth is set to gain substantial sales in the forecast period, owing to increase implantation in End-use industries like chemical, Food processing, etc. Primarily these pumps are used for conveying materials from one point to another.
What is Driving Demand for Pump Feeders?
Evolving end-user demand for conveying hygiene and homogenization of products and materials continues to the driving demand. The chemical sector continues to be a lucrative avenue for manufacturers in the field of industrial solvents, lubricants and paints.
Sales of these pumps have been driven at a rapid rate from the slew of investments in new facility establishments as envisaged by the stakeholders. Pump Feeders have also found their extensive application in the processed food and beverage industry, particularly involving processes such as homogenization, pasteurization mixing, filling and other processes.
In addition, pump feeders are also used in industries like building materials e.g. concrete slurry, sewage treatment, mining & metals and others. Their primary job is to convey the product and materials. Although with increased advancement they have been adopted in different industries for different applications, in this case of this pumps are driving the market.
With the above-mentioned end-use verticals registering a healthy annual rate of growth in recent periods, the growth opportunity for market participants related to pump feeders does appear lucrative in the forecast period.
Food and Beverage Recovery Likely to Augment Pump Feeders Sales
Food and Beverage sales around the globe have been impacted by the COVID-19-induced slowdown. This has also had a ripple effect on the industry’s raw material suppliers. As these pumps are primarily used in almost every food and beverage industry, Pump Feeders manufacturers are likely to witness sustained opportunities in the future.
These pumps find its application in the chemical industry, favorable for handling and treating dry chemicals and low viscous solutions. Although lockdown and shelter-at-home guidelines have meant restricted sporting activities, sales are likely to improve over the course of the assessment period.
USA Pump Feeders Market
The USA is one of the regional markets considered to have a lion’s share in the global Pump Feeders market. Demand is likely to remain muted in the next couple of years, as a number of end-use industries make a gradual recovery.
As the USA enters the 2nd year of the pandemic, the food and beverage industry is struggling to come to terms with it. The crisis has reversed some trends and accelerated others. The enormous shifts in demand among customers compelled to shelter at home were arguably the most significant disruption.
As consumers found themselves needing to make most or all of their meals at home, demand shifted away from food service and this is set to have a negative impact on the global Pump Feeders market.
Furthermore, industries like chemicals were similarly affected by the global pandemic and ACC (American Chemistry Council) estimated that US chemical output fell by 3.6% in 2020. Although in 2021 economy is showing signs of getting on track. ACC estimates that the US economy will grow by 3.7% in 2021 and chemical production will rise by 3.9%.
These insights are based on a report on
Pump Feeders Market
by Future Market Insights
Source: Email/GFMM
Comment Now