Market Overview:
The global magnetic pump market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market is segmented by type, application, and region. By type, the market is divided into stationary shaft magnetic drive pumps and non-stationary shaft magnetic drive pumps. Stationary shaft holds a extremely larger share in global market, which accounts for about 75%. Non-stationary shafts are used in portable applications such as hand held devices and small motors. By stage, the market is classified into single-stage and multistage pumps. Single-stage pumps are less expensive but have lower flow rates than multistage pumps. Multistage pumps offer higher flow rates with increased pressure head at each stage of pumping when compared to single-stage designs; this makes them more suitable for high pressure applications such as boosting water supplies or firefighting systems .The chemical segment was estimated to account for the highest sales market share of 33% in 2018 owing to its growing demand from various industries across the globe .
Product Definition:
A Magnetic Pump is a pump that uses magnets to create a force that moves fluid through the pump. This type of pump is often used to move viscous fluids or slurries. The importance of Magnetic Pumps lies in their ability to move these fluids without causing damage or wear on the pumps internals.
By Driver:
By driver is a term used in the magnetic pump industry to define the power source that drives the impellers. The By-Driver technology has been around for more than two decades and has witnessed substantial growth over this period owing to its benefits such as high efficiency, low maintenance cost, and less noise generation.
Stationary Shaft Magnetic Drive Pumps:
Stationary shaft magnetic drive pumps are used in Magnetic Pump Market for pumping liquids with high viscosity and low free energy. These products have applications in various industries such as chemical, oil & gas, power generation, water treatment and mining. The market is expected to witness significant growth over the forecast period owing to increasing demand across these end-use industries.
Application Insights:
The general industry segment is expected to grow at a CAGR of XX% from 2019 to 2030 owing to the growing population and industrialization in developing countries such as India, China, Brazil etc. The oil and gas application segment accounted for the second-largest share in 2018 and is anticipated to witness lucrative growth over the forecast period due to rising demand for magnetic pumps from onshore oil fields as well as offshore platforms.
The chemical segment was estimated account for about 21% of global revenue share in 2018 owing to increasing investments by major companies such as Dow Chemical (DOW), BASF (BAS), Royal DSM N.V., Evonik Corporation (EVN) etc.
Regional Analysis:
The Asia Pacific market is anticipated to grow at the highest CAGR of XX% from 2018 to 2030. The growth can be attributed to the rising demand for energy and electricity in emerging economies, such as China and India. Furthermore, increasing industrialization coupled with growing population has led to an increase in water requirement which is expected drive the regional market over the forecast period.
The Middle East & Africa (MEA) region accounted for a share of more than 15% in global magnetic pumps market owing to large oil reserves present across countries such as Saudi Arabia and UAE. In addition, rapidly expanding chemical industry due to high availability of raw materials such as rare earth elements (REEs), especially neodymium and praseodymium will boost product demand across MEA region significantly driving its growth over forecast period.
Growth Factors:
- Increasing demand from the end-user industries for energy efficient and reliable pumps
- Rising awareness about the benefits of using magnetic pumps over traditional pumps
- Growing popularity of maglev technology in various industrial applications
- Technological advancements in magnetic pump design and manufacturing processes
- Government initiatives to promote the use of energy efficient technologies across industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Pump Market Research Report
By Type
By Driver, Stationary Shaft Magnetic Drive Pumps, By Stage, Single-stage, Multistage, The segment of stationary shaft holds a extremely larger share in global market, which accounts for about 75%.
By Application
Oil and Gas, General Industry, Chemical, Food and Pharmaceutical, Others(desalination of sea water, water treatment, etc.), The chemical segment was estimated to account for the highest sales market share of 33% in 2018.
By Companies
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
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Magnetic Pump Market Report Segments:
The global Magnetic Pump market is segmented on the basis of:
Types
By Driver, Stationary Shaft Magnetic Drive Pumps, By Stage, Single-stage, Multistage, The segment of stationary shaft holds a extremely larger share in global market, which accounts for about 75%.
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, General Industry, Chemical, Food and Pharmaceutical, Others(desalination of sea water, water treatment, etc.), The chemical segment was estimated to account for the highest sales market share of 33% in 2018.
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:
- 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
Highlights of The Magnetic Pump 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:
- By Driver
- Stationary Shaft Magnetic Drive Pumps
- By Stage
- Single-stage
- Multistage
- The segment of stationary shaft holds a extremely larger share in global market, which accounts for about 75%.
- By Application:
- Oil and Gas
- General Industry
- Chemical
- Food and Pharmaceutical
- Others(desalination of sea water, water treatment, etc.)
- The chemical segment was estimated to account for the highest sales market share of 33% in 2018.
- 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 Pump 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.
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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 Pump is a machine that uses the power of magnets to move fluid. It can be used in a variety of industries, including oil and gas, water treatment, and food processing. Magnetic pumps are often smaller and more efficient than traditional pumps, making them ideal for applications where space is limited or where high throughputs are required.
Some of the major players in the magnetic pump market are 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.
The magnetic pump market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnetic Pump Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Magnetic Pump Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnetic Pump Market - Supply Chain
4.5. Global Magnetic Pump Market Forecast
4.5.1. Magnetic Pump Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnetic Pump Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magnetic Pump Market Absolute $ Opportunity
5. Global Magnetic Pump Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Magnetic Pump Market Size and Volume Forecast by Type
5.3.1. By Driver
5.3.2. Stationary Shaft Magnetic Drive Pumps
5.3.3. By Stage
5.3.4. Single-stage
5.3.5. Multistage
5.3.6. The segment of stationary shaft holds a extremely larger share in global market, which accounts for about 75%.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Magnetic Pump Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Magnetic Pump Market Size and Volume Forecast by Application
6.3.1. Oil and Gas
6.3.2. General Industry
6.3.3. Chemical
6.3.4. Food and Pharmaceutical
6.3.5. Others(desalination of sea water, water treatment, etc.)
6.3.6. The chemical segment was estimated to account for the highest sales market share of 33% in 2018.
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Magnetic Pump Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Magnetic Pump Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Magnetic Pump Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Magnetic Pump Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Magnetic Pump Demand Share Forecast, 2019-2026
9. North America Magnetic Pump Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Magnetic Pump Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Magnetic Pump Market Size and Volume Forecast by Application
9.4.1. Oil and Gas
9.4.2. General Industry
9.4.3. Chemical
9.4.4. Food and Pharmaceutical
9.4.5. Others(desalination of sea water, water treatment, etc.)
9.4.6. The chemical segment was estimated to account for the highest sales market share of 33% in 2018.
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Magnetic Pump Market Size and Volume Forecast by Type
9.7.1. By Driver
9.7.2. Stationary Shaft Magnetic Drive Pumps
9.7.3. By Stage
9.7.4. Single-stage
9.7.5. Multistage
9.7.6. The segment of stationary shaft holds a extremely larger share in global market, which accounts for about 75%.
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Magnetic Pump Demand Share Forecast, 2019-2026
10. Latin America Magnetic Pump Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Magnetic Pump Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Magnetic Pump Market Size and Volume Forecast by Application
10.4.1. Oil and Gas
10.4.2. General Industry
10.4.3. Chemical
10.4.4. Food and Pharmaceutical
10.4.5. Others(desalination of sea water, water treatment, etc.)
10.4.6. The chemical segment was estimated to account for the highest sales market share of 33% in 2018.
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Magnetic Pump Market Size and Volume Forecast by Type
10.7.1. By Driver
10.7.2. Stationary Shaft Magnetic Drive Pumps
10.7.3. By Stage
10.7.4. Single-stage
10.7.5. Multistage
10.7.6. The segment of stationary shaft holds a extremely larger share in global market, which accounts for about 75%.
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Magnetic Pump Demand Share Forecast, 2019-2026
11. Europe Magnetic Pump Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Magnetic Pump Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Magnetic Pump Market Size and Volume Forecast by Application
11.4.1. Oil and Gas
11.4.2. General Industry
11.4.3. Chemical
11.4.4. Food and Pharmaceutical
11.4.5. Others(desalination of sea water, water treatment, etc.)
11.4.6. The chemical segment was estimated to account for the highest sales market share of 33% in 2018.
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Magnetic Pump Market Size and Volume Forecast by Type
11.7.1. By river
11.7.2. Stationary Shaft Magnetic Drive Pumps
11.7.3. By Stage
11.7.4. Single-stage
11.7.5. Multistage
11.7.6. The segment of stationary shaft holds a extremely larger share in global market, which accounts for about 75%.
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Magnetic Pump Demand Share, 2019-2026
12. Asia Pacific Magnetic Pump Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Magnetic Pump Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Magnetic Pump Market Size and Volume Forecast by Application
12.4.1. Oil and Gas
12.4.2. General Industry
12.4.3. Chemical
12.4.4. Food and Pharmaceutical
12.4.5. Others(desalination of sea water, water treatment, etc.)
12.4.6. The chemical segment was estimated to account for the highest sales market share of 33% in 2018.
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Magnetic Pump Market Size and Volume Forecast by Type
12.7.1. By Driver
12.7.2. Stationary Shaft Magnetic Drive Pumps
12.7.3. By Stage
12.7.4. Single-stage
12.7.5. Multistage
12.7.6. The segment of stationary shaft holds a extremely larger share in global market, which accounts for about 75%.
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Magnetic Pump Demand Share, 2019-2026
13. Middle East & Africa Magnetic Pump Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Magnetic Pump Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Magnetic Pump Market Size and Volume Forecast by Application
13.4.1. Oil and Gas
13.4.2. General Industry
13.4.3. Chemical
13.4.4. Food and Pharmaceutical
13.4.5. Others(desalination of sea water, water treatment, etc.)
13.4.6. The chemical segment was estimated to account for the highest sales market share of 33% in 2018.
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Magnetic Pump Market Size and Volume Forecast by Type
13.7.1. By Driver
13.7.2. Stationary Shaft Magnetic Drive Pumps
13.7.3. By Stage
13.7.4. Single-stage
13.7.5. Multistage
13.7.6. The segment of stationary shaft holds a extremely larger share in global market, which accounts for about 75%.
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Magnetic Pump Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Magnetic Pump Market: Market Share Analysis
14.2. Magnetic Pump Distributors and Customers
14.3. Magnetic Pump Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Flowserve
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sundyne
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Iwaki
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hermetic
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Dickow Pumpen
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sanwa Hydrotech
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Klaus Union
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Dandong Colossus
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ITT Goulds Pumps
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Richter Chemie-Technik
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Verder Liquids
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Magnatex Pumps
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Lanzhou Highland
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. ASSOMA
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Taicang Magnetic Pump
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. March Manufacturing
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. GemmeCotti
