The global demand for Sealless Pumps Market is presumed to reach the market size of nearly USD 6.87 MN by 2028 from USD 3.39 MN in 2021 with a CAGR of 10.6% under the study period 2022 - 2028.
A sealless pump is a centrifugal pump that does not have the dynamic seal that usually secures the pump shaft. The impeller shaft of a sealless pump is contained within a sealed, pressurized tank that includes the process fluid. A static containment shell replaces the dynamic seal to construct a completely sealed liquid end or pressure boundary. A mechanical seal is not present in a sealless pump. Wear and tear on mechanical seals raises the centrifugal pump's operating costs. Sealless pumps have a reduced operating price compared to a centrifugal pump with a mechanical seal. However, a sealless pump has a higher initial cost than a centrifugal pump. Sealless pumps are ideal for applications that require concentrated liquid.
Market Dynamics
The sealless pumps market is being driven by factors such as the advantages of magnetic-driven pumps over conventional pumps, a growing focus on reducing environmental impact with the help of sealless pumps, lower maintenance costs than other pumps, and increased demand for canned motor pumps in the chemical industry. The expansion of its application areas will aid this market's growth. The emergence of intelligent pumping systems and micro disc pumps technology, next-generation industrial automation, technological advancements, and the evolution of green technology are significant factors that may assist the sealless pumps market's growth. Magnetic components' corrosion resistance and magnetic-driven pumps' high cost and power consumption are potential roadblocks to the market's growth.
The research 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 sealless pumps. The growth and trends of sealless pumps industry provide a holistic approach to this study.
Market Segmentation
This section of the sealless pumps market report provides detailed data on the segments 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 Product
- Canned Motor Pumps
- Magnetic-Driven Pumps
By End-Use Industries
- Chemical
- Oil & Gas
- Power Generation
- Pharmaceutical
- Food & Beverage
- Other End-Use Industries
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Sealless Pumps 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 Sealless Pumps 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 sealless pumps market include IDEX Corporation (U.S.), Flowserve Corporation (U.S.), KSB SE & Co. KGaA (Germany), IWAKI Co., Ltd. (Japan), ITT Gould's Pumps (U.S.), Kirloskar Brothers Limited (India), Teikoku Electric Mfg. Co., Ltd. (Japan), Nikkiso Co., Ltd. (Japan), Klaus Union (U.S.), Sundyne (U.S.), CP Pumpen AG (Switzerland), HERMETIC-Pumpen GmbH (Germany), March Manufacturing Inc. (U.S.), OPTIMEX (France), Dandong Colossus Co., Ltd. (China), Dickow Pumpen GmbH & Co. KG (Germany), and Richter Chemie-Technik GmbH (Germany). 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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