Global Peristaltic Pump Market Revenue Reached $1492 Million in 2023

A peristaltic pump is a fluid-conveying device that drives fluid forward by generating periodic peristaltic or pulsating motion within the pump tube. Peristaltic pumps are widely used in chemical, food, pharmaceutical, water treatment, and other industries to transport various liquids, such as water, lotion, suspension, etc.

Segmented Market Analysis

According to different driving methods, peristaltic pumps can usually be divided into mechanical peristaltic pumps, pneumatic peristaltic pumps, and electric peristaltic pumps. Mechanical peristaltic pumps are driven by a motor and a transmission device (such as a gear or belt) to generate peristaltic movement in the pump tube; Pneumatic peristaltic pumps are driven by compressed air, the pump tube is driven by a cylinder or piston to produce peristaltic motion; Electric peristaltic pumps are driven by a motor, the pump tube is directly driven by an electromagnet or servo motor to generate peristaltic motion. Among them, electric peristaltic pumps occupy the largest market share. According to our data, the global electric peristaltic pump segment reached a revenue of $639 million and a market share of 42.85% in 2023.

In terms of region, the Asia-Pacific region is the largest revenue market in the industry. According to our data, the revenue of the peristaltic pump market in the Asi-Pacific region in 2023 was $510 million, accounting for an estimated 34.19% of the global total revenue; The European market ranked second with revenue of $466 million and a share of 31.21%.

Global Peristaltic Pump Market Revenue and Share by Type and Region in 2023


Market Revenue (Million USD)

Share

Segmented by Type

Mechanical Peristaltic Pumps

3.72

24.93%

Pneumatic Peristaltic Pumps

4.81

32.22%

Electric Peristaltic Pumps

6.39

42.85%

Segmented by Region

North America

3.71

24.86%

Europe

4.66

31.21%

Asia Pacific

5.10

34.19%

South Americ

a

0.81

5.39%

Middle East & Africa

0.65

4.35%

Source: www.globalmarketmonitor.com

Overview of Market Development and Analysis of Competitive Landscape
In recent years, driven by the rapid development of the life sciences, pharmaceuticals, and food processing industries and the increasing demand for higher precision and reliability peristaltic pumps, the global peristaltic pump market has experienced a temperature increase. Based on our research data, the total revenue of the global peristaltic pump market reached $1492 million in 2023 and may increase to $1761 billion by 2026.
From the perspective of market competition, the concentration of the global peristaltic pump market is moderate. Data shows that in 2023, the top 3 companies in the industry achieved a total revenue of $570 million in the peristaltic pump market, with a total revenue share of 32.38%. The top three companies were Watson Marlow, Cole Parmer, and Verder Liquids. In 2023, these three companies accounted for 19.11%, 7.16%, and 6.11% of the global total revenue in the peristaltic pump market.
Global Peristaltic Pump Market Revenue Forecast and Competition Pattern Analysis  

Global Peristaltic Pump Market Revenue Forecast and Competition Pattern Analysis
Source: www.globalmarketmonitor.com
Analysis of Market Development Opportunities and Challenges
Market opportunities: With the continuous exploration of new application fields such as nanotechnology, microfluidics, and biochips, the peristaltic pump market will have more growth opportunities. In addition, the development of the global economy, especially the growth of emerging markets, will also provide more opportunities for the peristaltic pump market.
Market Challenge: Although the peristaltic pump market has enormous potential, it also faces some challenges. For example, high costs may hinder the use of some potential customers, and regulatory differences in different regions and industries may also have an impact on the market. In addition, competition with other pump technologies and the speed of technological updates are also some of the challenges facing the market.

Beyond Consulting, Future is Feasible

We provide more professional and intelligent market reports to complement your business decisions.