Global Magnetic Pump Market Research Report 2023(Status and Outlook)

Global Magnetic Pump Market Research Report 2023(Status and Outlook)

Report Overview

""Magnetic Drive"" refers to the coupling between the wet end of the pump and the motor. In ""direct drive"" pumps, the impeller of the pump is attached to the shaft of the motor, and this design depends on the shaft seal to contain the chemical. In a magnetic drive pump, the wet end and motor are two separate contained parts, connected by only a motor bracket. At the end of the motor shaft, a drive magnet is attached, and as the drive magnet rotates around the rear housing, the impeller, which is fixed upon another magnet, spins in synchronization. It is the attraction of the drive magnet and the impeller magnet which allows the full torque of the motor to be passed onto the pump. As the shaft of the motor does not extend into the interior of the pump, there is no need for a shaft seal, and without a shaft seal, the danger of leakage commonly associated with a shaft seal is eliminated. Furthermore, the maintenance cost is reduced because no time or money is spent on maintaining the shaft seal.

The Global Magnetic Pump Market Size was estimated at USD 661.4 million in 2022 and is projected to reach USD 847.19 million by 2029, exhibiting a CAGR of 3.60% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Magnetic Pump market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Magnetic Pump Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Magnetic Pump market in any manner.

Global Magnetic Pump Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Flowserve

Sundyne

Iwaki

Hermetic

Dickow Pumpen

Sanwa Hydrotech

Klaus Union

Dandong Colossus

ITT Goulds Pumps

Richter Chemie-Technik

Verder Liquids

Magnatex Pumps

Lanzhou Highland

ASSOMA

Taicang Magnetic Pump

March Manufacturing

GemmeCotti

Desmi

Market Segmentation (by Type)

By Driver

Rotating Shaft Magnetic Drive Pumps

Stationary Shaft Magnetic Drive Pumps

By Stage

Single-stage

Multistage

Market Segmentation (by Application)

PV Power Station

Commercial

Residential

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Magnetic Pump Market

Overview of the regional outlook of the Magnetic Pump Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors