Magnetic Drive Pumps Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The Magnetic Drive Pumps market is expected to grow from US $ 933.25 Million in 2021 to US $ 1,584.37 million by 2028 and is expected to grow at a CAGR of 8% during 2022-2028. The magnetic drive pump operation is similar to standard centrifugal pumps except for the motor shaft seal which is removed from the magnetic drive pump. It results in eliminating leaks sometimes caused by shaft seal failure. Various soft drink producers require magnetic drive pumps for moving syrups to their respective mixing stations. The magnetic drive pump and magnetic coupling eliminate the requirement for rotating mechanical seals and eradicate the possibility of leakage at seal points.

 

Company Profile

• Sundyne
• IWAKI
• Klaus Union
• ITT Goulds Pumps
• March Manufacturing
• Flowserve

 

Market Segmentation

By Type:

• Rotating Shaft Magnetic Drive Pumps
• Stationary Shaft Magnetic Drive Pumps

By Application:

• Chemical Industry
• Petroleum Industry
• Pharmaceutical Industry
• Food Industry

 

Scope of the Report

The research study analyzes the Magnetic Drive Pumps Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

 

Key Questions Answered by Magnetic Drive Pumps Market Report

1. What was the Magnetic Drive Pumps Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Magnetic Drive Pumps Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Magnetic Drive Pumps Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.