Market Overview:
The global magnetic drive pumps market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for these pumps from various end-use industries, such as oil and gas, chemical industry, pharmaceuticals, food industry and aerospace & defense. In addition, the growing awareness about energy efficiency is also propelling the growth of this market. Based on type, the global magnetic drive pumps market can be segmented into stainless steel magnetic drive pumps, reinforced polypropylene (PP) magnetic drive pumps and engineering plastics (EP) magnetic drive pumps. Among these types, stainless steel Magnetic Drive Pumps are expected to witness highest growth during the forecast period owing to their properties such as corrosion resistance and durability. Based on application, the global Magnetic Drive Pumps Market can be segmented into oil and gas industry; chemical industry; pharmaceuticals; food industry; aerospace & defense among others.
Product Definition:
A magnetic drive pump has no direct mechanical connection between the motor and the pump. Instead, a series of magnets mounted on the motor shaft interact with corresponding magnets on the pump impeller. This arrangement allows for a completely sealed system that does not require any lubrication.
Stainless Steel:
Stainless steel is a type of alloy which consists of iron, chromium, nickel and other metals. It has various beneficial properties such as corrosion resistance, high strength and hardness along with the ability to withstand various corrosive environments. The magnetic drive pumps market is expected to witness significant growth over the forecast period owing to its increasing application in oil & gas industry for drilling purposes.
Reinforced Polypropylene:
Reinforced PP is a kind of polypropylene, which has been reinforced with fibers or metal filaments at regular intervals along the polymer chain. The material has high impact strength and good fatigue resistance properties. It is used in various industries including automotive, construction, electrical & electronics packaging and consumer goods among others.
The global magnetic drive pumps market size was valued at USD 1.6 billion in 2015.
Application Insights:
The oil and gas industry was the dominant segment in 2017. The global magnetic drive pumps market is witnessing significant growth owing to rising demand for crude oil & natural gas from various end-use industries including chemical, energy, pharmaceuticals, food processing and transportation.
The global crude oil production has increased significantly over the past few years owing to high investments in new projects especially in Middle East countries such as Saudi Arabia and Iran. Moreover, increasing exploration activities are expected to augment the demand further driving the overall market growth during this forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of oil and gas reserves. The region is expected to maintain its dominance over the forecast period, with major share being attributed to U.S. However, Asia Pacific is anticipated to witness significant growth during the forecast period due to increasing demand for magnetic drive pumps from various end-use industries such as water treatment and power generation coupled with rising investments in renewable energy projects across emerging economies including China and India. Moreover, growing chemical manufacturing industry due largely largely primarily primarily mainly mainly primarily in part by low labor costs along with favorable government regulations pertaining environmental standards are also driving product demand across this region as well as Middle East Africa).
The European market was valued at USD X million in 2017 and is expected to grow at an estimated CAGR of XX% over the projected period owing towards recovery from economic recession which started around 2009/2010 (recessionary phase).
Growth Factors:
- Increasing demand from the water and wastewater treatment industry for energy-efficient and reliable pumps
- Growing popularity of magnetic drive pumps in the chemical processing industry for their ability to handle corrosive fluids without damage
- Proliferation of microelectromechanical systems (MEMS) technology, which is enabling smaller and more efficient magnetic drive pumps
- Rising demand from Asia Pacific due to the region's booming economies and growing population
- Advances in pump design that are making these devices more efficient, durable, and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Drive Pumps Market Research Report
By Type
Stainless Steel, Reinforced Polypropylene, Engineering Plastics
By Application
Oil and Gas, Chemical Industry, Pharmaceuticals, Food Industry, Aerospace & Defense
By Companies
Sundyne, IWAKI, Klaus Union, ITT Goulds Pumps, March Manufacturing, Flowserve, Richter Chemie-Technik, CP Pumpen, Dandong Colossus, Dickow Pumpen, Yida Petrochemical Pump, Micropump, Verder, Taicang Magnetic Pump, DESMI, HERMETIC-Pumpen, Tengyu Enterprise
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Magnetic Drive Pumps Market Report Segments:
The global Magnetic Drive Pumps market is segmented on the basis of:
Types
Stainless Steel, Reinforced Polypropylene, Engineering Plastics
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil and Gas, Chemical Industry, Pharmaceuticals, Food Industry, Aerospace & Defense
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sundyne
- IWAKI
- Klaus Union
- ITT Goulds Pumps
- March Manufacturing
- Flowserve
- Richter Chemie-Technik
- CP Pumpen
- Dandong Colossus
- Dickow Pumpen
- Yida Petrochemical Pump
- Micropump
- Verder
- Taicang Magnetic Pump
- DESMI
- HERMETIC-Pumpen
- Tengyu Enterprise
Highlights of The Magnetic Drive Pumps Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stainless Steel
- Reinforced Polypropylene
- Engineering Plastics
- By Application:
- Oil and Gas
- Chemical Industry
- Pharmaceuticals
- Food Industry
- Aerospace & Defense
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Magnetic Drive Pumps Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Magnetic drive pumps are a type of pump that uses magnets to move the fluid. This makes them very efficient because they can move a lot of fluid quickly. They are also relatively small and easy to use, which makes them perfect for applications where space is limited or where precision is important.
Some of the key players operating in the magnetic drive pumps market are Sundyne, IWAKI, Klaus Union, ITT Goulds Pumps, March Manufacturing, Flowserve, Richter Chemie-Technik, CP Pumpen, Dandong Colossus, Dickow Pumpen, Yida Petrochemical Pump, Micropump, Verder, Taicang Magnetic Pump, DESMI, HERMETIC-Pumpen, Tengyu Enterprise.
The magnetic drive pumps market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Magnetic Drive Pumps Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Magnetic Drive Pumps Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Magnetic Drive Pumps Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Magnetic Drive Pumps Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Magnetic Drive Pumps Market Size & Forecast, 2018-2028 4.5.1 Magnetic Drive Pumps Market Size and Y-o-Y Growth 4.5.2 Magnetic Drive Pumps Market Absolute $ Opportunity
Chapter 5 Global Magnetic Drive Pumps Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Magnetic Drive Pumps Market Size Forecast by Type
5.2.1 Stainless Steel
5.2.2 Reinforced Polypropylene
5.2.3 Engineering Plastics
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Magnetic Drive Pumps Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Magnetic Drive Pumps Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Chemical Industry
6.2.3 Pharmaceuticals
6.2.4 Food Industry
6.2.5 Aerospace & Defense
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnetic Drive Pumps Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Magnetic Drive Pumps Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Magnetic Drive Pumps Analysis and Forecast
9.1 Introduction
9.2 North America Magnetic Drive Pumps Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Magnetic Drive Pumps Market Size Forecast by Type
9.6.1 Stainless Steel
9.6.2 Reinforced Polypropylene
9.6.3 Engineering Plastics
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Magnetic Drive Pumps Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Chemical Industry
9.10.3 Pharmaceuticals
9.10.4 Food Industry
9.10.5 Aerospace & Defense
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Magnetic Drive Pumps Analysis and Forecast
10.1 Introduction
10.2 Europe Magnetic Drive Pumps Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Magnetic Drive Pumps Market Size Forecast by Type
10.6.1 Stainless Steel
10.6.2 Reinforced Polypropylene
10.6.3 Engineering Plastics
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Magnetic Drive Pumps Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Chemical Industry
10.10.3 Pharmaceuticals
10.10.4 Food Industry
10.10.5 Aerospace & Defense
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Magnetic Drive Pumps Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Magnetic Drive Pumps Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Magnetic Drive Pumps Market Size Forecast by Type
11.6.1 Stainless Steel
11.6.2 Reinforced Polypropylene
11.6.3 Engineering Plastics
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Magnetic Drive Pumps Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Chemical Industry
11.10.3 Pharmaceuticals
11.10.4 Food Industry
11.10.5 Aerospace & Defense
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Magnetic Drive Pumps Analysis and Forecast
12.1 Introduction
12.2 Latin America Magnetic Drive Pumps Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Magnetic Drive Pumps Market Size Forecast by Type
12.6.1 Stainless Steel
12.6.2 Reinforced Polypropylene
12.6.3 Engineering Plastics
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Magnetic Drive Pumps Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Chemical Industry
12.10.3 Pharmaceuticals
12.10.4 Food Industry
12.10.5 Aerospace & Defense
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Magnetic Drive Pumps Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Magnetic Drive Pumps Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Magnetic Drive Pumps Market Size Forecast by Type
13.6.1 Stainless Steel
13.6.2 Reinforced Polypropylene
13.6.3 Engineering Plastics
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Magnetic Drive Pumps Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Chemical Industry
13.10.3 Pharmaceuticals
13.10.4 Food Industry
13.10.5 Aerospace & Defense
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Magnetic Drive Pumps Market: Competitive Dashboard
14.2 Global Magnetic Drive Pumps Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sundyne
14.3.2 IWAKI
14.3.3 Klaus Union
14.3.4 ITT Goulds Pumps
14.3.5 March Manufacturing
14.3.6 Flowserve
14.3.7 Richter Chemie-Technik
14.3.8 CP Pumpen
14.3.9 Dandong Colossus
14.3.10 Dickow Pumpen
14.3.11 Yida Petrochemical Pump
14.3.12 Micropump
14.3.13 Verder
14.3.14 Taicang Magnetic Pump
14.3.15 DESMI
14.3.16 HERMETIC-Pumpen
14.3.17 Tengyu Enterprise