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The integration of smart technologies, such as IoT (Internet of Things) and sensors, has been a notable trend. Smart pumping solutions enable real-time monitoring, predictive maintenance, and data-driven insights, enhancing overall pump performance and efficiency. This pump technology brings the internet of things (IoT) to pump applications, providing pump operators with the ability to remotely control and monitor pumps via the Internet. These pumps are ideal for process and research facilities, water and wastewater treatment plants, industrial plants, food and beverage, chemical and mining, electrical, and anyone who wants to adopt the latest technology and tools to enable them to have flexibility, enhanced accuracy, and maximized efficiency.
Albin Pump AB, Watson-Marlow Fluid Technology Group, Bredel Pumps, Wanner Engineering Inc., Curtiss-Wright Corporation, Verder Group, Flowrox, SEKO S.p.A., Grundfos Holding A/S, Rotho Peristaltic Pumps GmbH, Graco Inc., PSG Dover, Ingersoll Rand, ProMinent Group, Lobeflo Pumps, Peristaltic Pump Company, and PCM Group.
Asia Pacific region accounted for more than 35% share of the total hose pump market in 2023 and will continue to grow through 2032, attributed to the robust industrialization and infrastructure development.
In 2023, the natural rubber segment captured a substantial market share of around 35%, favored by the inherent properties such as high elasticity, resilience, and abrasion resistance.
The market size of hose pump was reached USD 889 million in 2023 and is anticipated to register a CAGR of over 4.8% between 2024 and 2032, driven by its versatile applications across various industries.