The global industrial lobe pump market to grow at a CAGR of 13.58% during the period 2016-2020.
Lobe pumps are categorized as positive displacement pumps, which are used mainly in industrial applications that involve the pumping and lifting of heavy fluids like sludge, slurry, and mud.
Global Industrial Lobe Pump Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, a key growth driver is the increasing application of lobe pumps in bio-medical research. The global biopharmaceutical industry is a multibillion-dollar industry. In a growing trend, this industry is placing more emphasis on the development and production of advanced biologics, which unlike the chemically-derived drugs, use living systems to develop drugs to treat a range of diseases.
These drugs require high amounts of investments in their R&D. The primary concentration of drug development and commercialization occurs in a 20-year patent window, during which other competitors are restricted from entering the same segment of products.
- Alfa Laval - Börger - Boyser - GEA Group - Wright Flow Technologies