According to a market report by Lucintel, the future of the global pump feeder market looks promising with opportunities in the food and beverage, chemical, mining and metal, oil and gas, and pharmaceutical end use industries. The global pump feeder market is expected to reach an estimated $117.2 billion by 2028 with a CAGR of 6.5% from 2023 to 2028. The major drivers for this market are growing demand for sustainable and energy-efficient pump feeders and increasing integration of pump feeders with internet of things (IoT) and automated technologies so as to optimize manufacturing process as well as improve the productivity.
In this market, volumetric pump feeders and gravitational feeders are the two type segments. Lucintel forecasts that volumetric pump feeders will remain the highest growing segment over the forecast period because of the growing demand for smart and connected pump feeders along with increasing demand for automation and digitization in the manufacturing industry.
Within this market, food & beverages will remain the highest growing segment due to rising focus on food safety and hygiene in this sector along with increasing application of these feeders in food and beverage industry in various processes, such as homogenization, pasteurization mixing, filling, and other processes.
APAC will remain the fastest growing region over the forecast period due to rapid industrialization, rising production rate in the manufacturing and food & beverage industries and increasing adoption of automated feeding solutions in this region.
LEWA, Elscint, Mepaco, Eagle Microsystems, Siemens Process Instrumentation, and KUBOTA Corporation are the major suppliers in the global pump feeder market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global pump feeder market by type, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Pump Feeder Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global pump feeder market by type, end use industry, and region, as follows:
Pump Feeder Market by Type [Shipment Analysis by Value from 2017 to 2028]:
Volumetric Pump Feeders
Gravitational Feeders
Pump Feeder Market by End Use Industry [Shipment Analysis by Value from 2017 to 2028]:
Food and Beverages
Chemicals
Mining and Metals
Oil & Gases
Pharmaceuticals
Others
Pump Feeder Market by Region [Shipment Analysis by Value from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the global pump feeder market by type (volumetric pump feeders and gravitational feeders), end use industry (food and beverages, chemicals, mining and metals, oil and gases, pharmaceuticals, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?