NEW YORK, Nov. 5, 2015 /PRNewswire/ -- This research service analyzes current and future trends in the North American pump market in the dairy industry. The analysis is based on end users and is segmented by drinking milk products, yogurts, sour cream, cheese, ice cream, and others. It is also based on product types, segmented by centrifugal pumps and positive displacement pumps. The various market drivers, restraints, challenges, and the impact over time are discussed, showing the growth trend over the study period. The research also outlines the competitive structure and its analysis in North America. The base year for analysis is 2015 and the forecast period spans from 2015 to 2022.
In 2015, the pump market in the North American dairy industry generated a revenue of $ Million.
- The compound annual growth rate (CAGR) from 2015 to 2022 is estimated to be %, as the industries will be in a recovery stage after the sluggish growth rates of 2015.
- The demand for sanitary pumps with the stricter implementation of food safety regulations is expected to drive the growth of the pump market in dairy industry. However, weak market conditions in the region has significantly slowed down the pump market and a slow recovery is expected to increase demand.
- The demand for dairy products from the export market to countries in Asia and Africa is expected to boost some investment in the industry in this region. This in turn is expected to result in long-term growth in the pump market.
- Although the drinking milk products sub-segment is the highest revenue contributor to the pump market, growth rate from the cheese segment is higher.
- The pump market in the dairy industry is expected to reach a revenue of $ Million in 2022.
- Is the pump market in dairy industry growing, how long will it continue to grow, and at what rate?
- What are the key factors that will drive the growth of the pump market in dairy industry across the region?
- What are the restraints faced by the market participants? What is the expected impact?
- What are the major end-user segments for pump market in dairy industry? How are they expected to grow during the forecast period?
- Which types of pumps are expected to show good growth? What is their share among the various pumps?
- Who are the major industry participants? What is their relative position in the pump market in dairy industry?
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