All updated as on -
By 2030, the global market for magnetic drive pumps is anticipated to be worth $2,198,0 million, a CAGR of 8.2% over the years 2022 to 2030.
Magnetically linked pumps, also known as magnetic drive pumps, are not the same as standard pumps. The fluid-pumping impeller of these pumps is magnetically driven rather than being directly physically powered by a shaft. They use a driving magnet that eliminates the need for a sealed shaft in order to function. Magnetic drive pumps come in many forms, including positive displacement pumps, vane pumps, internal gear pumps, and external gear pumps. Magnetic fields are used in place of a traditional pump's direct drive mechanism and shaft. These features allow for a lighter pump by eliminating the need for mechanical seals, gland packing, or any other shaft sealing devices. Producers will also need to pay attention to the ever-evolving requirements for these pumps in order to expand their market share. These requirements include the pumps' structural simplicity, wide range of applications, and absence of external leakage. The ability to adjust to changing market conditions and the lack of a drive shaft are expected to fuel the growth of the magnetic drive pump market. More and more people are paying attention to green technology as a means to curb pollution. Since industrial operations are subject to stricter emission rules, the use of magnetic drive pumps is increasing in popularity because of their emission-free operation.
Reasons Why
Rising demand for water treatment in emerging economies, particularly for projects such as wastewater treatment, is a key factor in the market's expansion. As the world begins to appreciate the value of water recycling, there will be a greater demand for magnetic drive pumps. The building and mining sectors must follow stringent legislation in several crucial areas to satisfy specific end-use industry criteria. Environmental regulators like the Pollution Control Agency and the Environmental Protection Agency have mandated that businesses invest extensively in cutting-edge technologies in order to reduce their pollution output. Leaks are also believed to greatly improve the pumps' performance and dependability by preventing the need for unexpected repairs or shutdowns. This is a major factor that will increase the need for pumps with magnetic drives. Due to its ability to prevent leaks and, by extension, avoid mixing toxic substances with the completed product, the market for magnetic drive pumps is expected to expand strongly in the coming years. Innovations in magnetic drive pump products, such as the adoption of cutting-edge industry 4.0 technology, boost productivity while reducing running costs. As a result of these possibilities, the demand for magnetic drive pumps is expected to grow.
Limiting Circumstances
Expenditure on raw materials is a major factor limiting the growth of the magnetic drive pump market. However, this market is limited by the fact that different countries have different laws, regulations, norms, and rules, which can create trade barriers.
This study breaks down the global market for magnetic drive pumps into its component parts, analysing and forecasting revenue growth for each area and product type. The study examines the major growth prospects, threats, and drivers impacting the worldwide magnetic drive pump market. The competitive landscape has been drawn taking into account the most up-to-date market changes and strategic moves, such as expansion, product launch and development, collaboration, merger, and acquisition. Each subsegment of the global magnetic drive pump market is analysed in depth, and important market players are identified and profiled from a strategic perspective. The product's performance can be further optimised through technological innovation and progress, opening up new opportunities in the downstream market.
Polypropylene, polyvinylidene fluoride, stainless steel, nickel alloys, polytetrafluoroethylene (PTFE), and expanded teflon (ETFE) are all subsegments of the global magnetic drive pump market based on material. Due to numerous benefits, such as a lower initial pump cost and higher quality at a lower operational cost, the stainless steel sector is expected to maintain its dominant position in the market and generate the most revenue over the projection period. Stainless steel is the material of choice for magnetic drive pumps at prestigious companies. Increased demand for magnetic drive pumps in sectors such as the chemical and petrochemical industries, refrigeration and heat transfer, oil and gas, power, and on/offshore plants led to the nickel alloys segment recording the greatest CAGR throughout the forecast period.
The global magnetic drive pump industry is segmented into the centrifugal pump market and the positive displacement pump market. The demand for centrifugal pumps is expected to be particularly strong in East Asia and South Asia Pacific, which accounts for the segment's current dominance. The global market for magnetic drive pumps is segmented into three major end-use industries: the oil and gas sector, the chemical industry, and the pharmaceutical sector. During the projected time period, the oil and gas segment is expected to account for the greatest share of the market. Fluid transfer from bulk tanks to day tanks is a common application for magnetic drive pumps in many industries, including mining, food processing, water treatment, and others.
Report Coverage
Global Magnetic Drive Pump research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Magnetic Drive Pump report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Magnetic Drive Pump competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Magnetic Drive Pump market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Magnetic Drive Pump market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Magnetic Drive Pump market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Iwaki Co., Ltd, Sundyne LLC, Klaus Union, ITT Goulds Pumps Inc, Flowserve Corporation, Ebara Corporation, Ruhrpumpen Group, Xylem Inc, March Manufacturing Inc, Kirloskar Brothers Limited
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Magnetic Drive Pump market based on the below-mentioned segments:
Global Magnetic Drive Pump Market, By Material Type
Polypropylene
Polyvinylidene Fluoride
Stainless Steel
Nickel Alloys
PFA and ETFE
Global Magnetic Drive Pump market, By Pump Type
Centrifugal Pumps
Positive Displacement Pumps
Global Magnetic Drive Pump Market, By Flow Rate
Upto 80 m3/hr
81-200 m3/hr
201-500 m3/hr
Above 500 m3/hr
Global Magnetic Drive Pump market, Regional Analysis
Magnetically linked pumps, also known as magnetic drive pumps, are not the same as standard pumps. The fluid-pumping impeller of these pumps is magnetically driven rather than being directly physically powered by a shaft. They use a driving magnet that eliminates the need for a sealed shaft in order to function. Magnetic drive pumps come in many forms, including positive displacement pumps, vane pumps, internal gear pumps, and external gear pumps. Magnetic fields are used in place of a traditional pump's direct drive mechanism and shaft. These features allow for a lighter pump by eliminating the need for mechanical seals, gland packing, or any other shaft sealing devices. Producers will also need to pay attention to the ever-evolving requirements for these pumps in order to expand their market share. These requirements include the pumps' structural simplicity, wide range of applications, and absence of external leakage. The ability to adjust to changing market conditions and the lack of a drive shaft are expected to fuel the growth of the magnetic drive pump market. More and more people are paying attention to green technology as a means to curb pollution. Since industrial operations are subject to stricter emission rules, the use of magnetic drive pumps is increasing in popularity because of their emission-free operation.
Reasons Why
Rising demand for water treatment in emerging economies, particularly for projects such as wastewater treatment, is a key factor in the market's expansion. As the world begins to appreciate the value of water recycling, there will be a greater demand for magnetic drive pumps. The building and mining sectors must follow stringent legislation in several crucial areas to satisfy specific end-use industry criteria. Environmental regulators like the Pollution Control Agency and the Environmental Protection Agency have mandated that businesses invest extensively in cutting-edge technologies in order to reduce their pollution output. Leaks are also believed to greatly improve the pumps' performance and dependability by preventing the need for unexpected repairs or shutdowns. This is a major factor that will increase the need for pumps with magnetic drives. Due to its ability to prevent leaks and, by extension, avoid mixing toxic substances with the completed product, the market for magnetic drive pumps is expected to expand strongly in the coming years. Innovations in magnetic drive pump products, such as the adoption of cutting-edge industry 4.0 technology, boost productivity while reducing running costs. As a result of these possibilities, the demand for magnetic drive pumps is expected to grow.
Limiting Circumstances
Expenditure on raw materials is a major factor limiting the growth of the magnetic drive pump market. However, this market is limited by the fact that different countries have different laws, regulations, norms, and rules, which can create trade barriers.
This study breaks down the global market for magnetic drive pumps into its component parts, analysing and forecasting revenue growth for each area and product type. The study examines the major growth prospects, threats, and drivers impacting the worldwide magnetic drive pump market. The competitive landscape has been drawn taking into account the most up-to-date market changes and strategic moves, such as expansion, product launch and development, collaboration, merger, and acquisition. Each subsegment of the global magnetic drive pump market is analysed in depth, and important market players are identified and profiled from a strategic perspective. The product's performance can be further optimised through technological innovation and progress, opening up new opportunities in the downstream market.
Polypropylene, polyvinylidene fluoride, stainless steel, nickel alloys, polytetrafluoroethylene (PTFE), and expanded teflon (ETFE) are all subsegments of the global magnetic drive pump market based on material. Due to numerous benefits, such as a lower initial pump cost and higher quality at a lower operational cost, the stainless steel sector is expected to maintain its dominant position in the market and generate the most revenue over the projection period. Stainless steel is the material of choice for magnetic drive pumps at prestigious companies. Increased demand for magnetic drive pumps in sectors such as the chemical and petrochemical industries, refrigeration and heat transfer, oil and gas, power, and on/offshore plants led to the nickel alloys segment recording the greatest CAGR throughout the forecast period.
The global magnetic drive pump industry is segmented into the centrifugal pump market and the positive displacement pump market. The demand for centrifugal pumps is expected to be particularly strong in East Asia and South Asia Pacific, which accounts for the segment's current dominance. The global market for magnetic drive pumps is segmented into three major end-use industries: the oil and gas sector, the chemical industry, and the pharmaceutical sector. During the projected time period, the oil and gas segment is expected to account for the greatest share of the market. Fluid transfer from bulk tanks to day tanks is a common application for magnetic drive pumps in many industries, including mining, food processing, water treatment, and others.
Report Coverage
Global Magnetic Drive Pump research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Magnetic Drive Pump report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Magnetic Drive Pump competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Magnetic Drive Pump market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Iwaki Co., Ltd, Sundyne LLC, Klaus Union, ITT Goulds Pumps Inc, Flowserve Corporation, Ebara Corporation, Ruhrpumpen Group, Xylem Inc, March Manufacturing Inc, Kirloskar Brothers Limited |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Magnetic Drive Pump Market from 2021 to 2030.
- Market Forecast for Magnetic Drive Pump Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Magnetic Drive Pump competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Magnetic Drive Pump
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Magnetic Drive Pump market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Magnetic Drive Pump market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Iwaki Co., Ltd, Sundyne LLC, Klaus Union, ITT Goulds Pumps Inc, Flowserve Corporation, Ebara Corporation, Ruhrpumpen Group, Xylem Inc, March Manufacturing Inc, Kirloskar Brothers Limited
Primary Target Market
- Market Players of Magnetic Drive Pump
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Magnetic Drive Pump market based on the below-mentioned segments:
Global Magnetic Drive Pump Market, By Material Type
Polypropylene
Polyvinylidene Fluoride
Stainless Steel
Nickel Alloys
PFA and ETFE
Global Magnetic Drive Pump market, By Pump Type
Centrifugal Pumps
Positive Displacement Pumps
Global Magnetic Drive Pump Market, By Flow Rate
Upto 80 m3/hr
81-200 m3/hr
201-500 m3/hr
Above 500 m3/hr
Global Magnetic Drive Pump market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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