The global demand for Magnetic Drive Pump Market is presumed to reach the market size of nearly USD 1.69 MN by 2028 from USD 0.93 MN in 2021 with a CAGR of 8.9% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Units in 2021 and forecast to touch XX Units by 2028 with a CAGR of XX% during 2022-2028.
Magnetic-driven pumps are a popular type of seal-less pump. They are utilized in situations where leaks are not permitted or liquids are difficult to seal. The electric motor (the driver) is magnetically coupled to the pump in magnetic drive pumps or magnetically coupled pumps. Magnetic drive pumps are commonly utilized when leaking of the pumped liquid offers a significant risk, like aggressive or risky liquids, exotic materials, acids, alkalis, corrosives, pollutants, and toxics. They are also utilized for ultra-pure liquids and liquids that are difficult to seal. Another important application for magnetic drive pumps is in the handling of problematic liquids. No seal is required because there is no direct connection between the electric motor shaft and the impeller in magnetic drive pumps.
Market Dynamics
Magnetic drive pumps have several merits like low leakage, a long shelf life, and specific applications to avoid the emission of dangerous gases, which are predicted to boost their global demand. In addition, growing worries about preventing chemical fluid leaks and causing harm to personnel involved in the manufacturing process are expected to increase demand for magnetic drive pumps in the years ahead. Nevertheless, some of the market's constraints include inadequate solid handling capacity and the possibility of dry running.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of magnetic drive pump. The growth and trends of Magnetic Drive Pump Industry provide a holistic approach to this study.
Market Segmentation
This section of the magnetic drive pump market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Pump Type
- Centrifugal Pumps
- Positive Displacement Pumps
By Flow Rate
- Up To 80 M3/Hr
- 81 - 200 M3/Hr
- 201 - 500 M3/Hr
- Above 501 M3/Hr
By Casting Material
- Stainless Steel
- Alloy
- Engineering Plastic
- PP
- ETFE
- PFA
- CRETFE
By Application:
- Mining
- Chemical Manufacturing And Processing
- Bio-Fuels And Refineries
- Metal Plating And Finishing
- Fume Scrubbing
- Food Processing
- Water Treatment
- Surface Treatment
- Desalination
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Magnetic Drive Pump market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Magnetic Drive Pump Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the magnetic drive pump market include Ebara Corporation, Flowserve Corporation, Kirloskar Brothers Limited, ITT Goulds Pumps Inc., Iwaki Co Ltd., Klaus Union, March Manufacturing, Ruhrpumpen Inc., Sundyne LLC, Xylem Inc., PRECISION ENGINEERING CO., Grosvenor Worldwide Private Limited, GCA Energy, Magnatex Pumps, Inc., Grundfos, TEIKOKU ELECTRIC MFG. CO., LTD., ELEPON E.C.A.P. Corporation, NIKKISO EIKO Co., Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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