Global Magnetic Drive Pumps Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Global Magnetic Drive Pumps Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global Magnetic Drive Pumps market size was valued at USD 583.4 million in 2022 and is forecast to a readjusted size of USD 736.2 million by 2029 with a CAGR of 3.4% during review period.

This report studies the Magnetic Drive Pumps market."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.

In the global market, the key players of Magnetic Drive Pumps are mainly Flowserve, Sundyne, Iwaki and others. The top three players within this industry account for more than 10% of the market share. North America, Europe, and Asia Pacific are the major manufacturing regions for this product, with North America accounting for nearly 40% of the global market share. The product can be categorised into fixed and rotary shafts based on the type of product. The product is widely used in chemical, general industrial, oil & gas, food & pharmaceutical, and other industries.

The Global Info Research report includes an overview of the development of the Magnetic Drive Pumps industry chain, the market status of Chemical (Stationary Shaft, Rotating Shaft), General Industrial (Stationary Shaft, Rotating Shaft), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Magnetic Drive Pumps.

Regionally, the report analyzes the Magnetic Drive Pumps markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Magnetic Drive Pumps market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Magnetic Drive Pumps market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Magnetic Drive Pumps industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Stationary Shaft, Rotating Shaft).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Magnetic Drive Pumps market.

Regional Analysis: The report involves examining the Magnetic Drive Pumps market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Magnetic Drive Pumps market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Magnetic Drive Pumps:

Company Analysis: Report covers individual Magnetic Drive Pumps manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Magnetic Drive Pumps This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Chemical, General Industrial).

Technology Analysis: Report covers specific technologies relevant to Magnetic Drive Pumps. It assesses the current state, advancements, and potential future developments in Magnetic Drive Pumps areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Magnetic Drive Pumps market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Magnetic Drive Pumps market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Stationary Shaft
Rotating Shaft

Market segment by Application
Chemical
General Industrial
Oil & Gas
Food & Pharmaceutical
Others

Major players covered
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 segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Magnetic Drive Pumps product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Magnetic Drive Pumps, with price, sales, revenue and global market share of Magnetic Drive Pumps from 2018 to 2023.

Chapter 3, the Magnetic Drive Pumps competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Magnetic Drive Pumps breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Magnetic Drive Pumps market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Magnetic Drive Pumps.

Chapter 14 and 15, to describe Magnetic Drive Pumps sales channel, distributors, customers, research findings and conclusion.