Market Overview:
The global stainless steel magnetic pump 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 stainless steel magnetic 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, thermo-electro-magnetic pumps are expected to dominate the global stainless steel magnetic pump market during the forecast period. This can be attributed to their high efficiency and ability to handle viscous fluids without any problems.
Product Definition:
A Stainless steel Magnetic Pump is a pump that uses magnets to create a force that moves liquid or gas through the pump. The importance of Stainless steel Magnetic Pumps is that they are able to move liquids or gases without any contact with the material, which can contaminate it.
Thermo-electro-magnetic pump:
Thermo-electro-magnetic pump (TEM) is a heat engine which converts thermal energy into mechanical work. It operates by using the temperature difference between its working fluid and ambient environment. TEMs are most commonly used for transferring heat from one location to another, however they can also be used as refrigeration devices in some cases.
Self-priming Magnetic Pump:
Self-priming magnetic pump is a mechanical device used to transfer materials from one vessel to another. It consists of two containers connected by a pipe which is filled with the material to be pumped and then an electric current is passed through the liquid in order to create a powerful vacuum within the closed system. The vacuum created attracts materials towards it and then pours them into the receiving container.
Application Insights:
The oil and gas industry was the dominant segment in 2017, accounting for a market share of more than 40%. The growth can be attributed to the rising demand for crude oil from countries such as China, India and Middle East. In addition, increasing investments by companies including Schlumberger Limited (NYSE:SLB), Halliburton (NYSE:HAL), Baker Hughes Inc. (private) and Weatherford International Ltd. are expected to drive the product demand over the forecast period.
The pharmaceutical industry is anticipated to witness significant growth over the forecast period owing to high product penetration in processes including fluid handling during crystallization or evaporation processes taking place at temperatures ranging between room temperature & 200°Celsius.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Malaysia. These countries are witnessing strong economic growth owing to various factors such as increasing population, rising disposable income of consumers and rapid urbanization & industrialization.
China has emerged as a major manufacturing hub for automotive components, electronics products among other industries due to the availability of low-cost labor coupled with advanced infrastructure facilities. This trend is anticipated to continue over the next eight years which will have a positive impact on regional demand for magnetic pumps.
Europe accounted for more than 20% share in terms of revenue in 2017 owing high consumption rates observed from major oil & gas producing countries including Russia and Norway along with chemical processing centers located across Ural mountains namely Ekaterinburg (Russia)and Chelyabinsk (Russia).
Growth Factors:
- Increasing demand from the end-use industries such as automotive, construction, and appliances
- Growing popularity of stainless steel magnetic pumps in small-scale applications
- Rising investments in research and development activities for product innovation
- Proliferation of online marketing channels that offer a wide range of stainless steel magnetic pumps at competitive prices
- Increasing number of manufacturing facilities across the globe
Scope Of The Report
Report Attributes
Report Details
Report Title
Stainless steel Magnetic Pump Market Research Report
By Type
Thermo-electro-magnetic pump, Self-priming Magnetic Pump, Others
By Application
Oil and Gas, Chemical Industry, Pharmaceuticals, Food Industry, Aerospace & Defense
By Companies
Sundyne, Richter Chemie, IWAKI, Klaus Union, ITT Goulds Pumps, March Manufacturing, Flowserve, CP Pumpen, Precision Engineering, Dandong Colossus, Dickow Pumpen, Yida Petrochemical Pump, Yangguang 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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Stainless steel Magnetic Pump Market Report Segments:
The global Stainless steel Magnetic Pump market is segmented on the basis of:
Types
Thermo-electro-magnetic pump, Self-priming Magnetic Pump, Others
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
- Richter Chemie
- IWAKI
- Klaus Union
- ITT Goulds Pumps
- March Manufacturing
- Flowserve
- CP Pumpen
- Precision Engineering
- Dandong Colossus
- Dickow Pumpen
- Yida Petrochemical Pump
- Yangguang Pump
- Micropump
- Verder
- Taicang Magnetic Pump
- DESMI
- HERMETIC-Pumpen
- Tengyu Enterprise
Highlights of The Stainless steel 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:
- Thermo-electro-magnetic pump
- Self-priming Magnetic Pump
- Others
- 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 Stainless steel 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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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?
A stainless steel magnetic pump is a type of pump that uses magnets to move fluid. It is often used in industrial applications, such as water and oil pipelines.
Some of the major companies in the stainless steel magnetic pump market are Sundyne, Richter Chemie, IWAKI, Klaus Union, ITT Goulds Pumps, March Manufacturing, Flowserve, CP Pumpen, Precision Engineering, Dandong Colossus, Dickow Pumpen, Yida Petrochemical Pump, Yangguang Pump, Micropump, Verder, Taicang Magnetic Pump, DESMI, HERMETIC-Pumpen, Tengyu Enterprise.
The stainless steel magnetic pump market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Stainless steel 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. Stainless steel 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. Stainless steel Magnetic Pump Market - Supply Chain
4.5. Global Stainless steel Magnetic Pump Market Forecast
4.5.1. Stainless steel Magnetic Pump Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Stainless steel Magnetic Pump Market Size (000 Units) and Y-o-Y Growth
4.5.3. Stainless steel Magnetic Pump Market Absolute $ Opportunity
5. Global Stainless steel 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. Stainless steel Magnetic Pump Market Size and Volume Forecast by Type
5.3.1. Thermo-electro-magnetic pump
5.3.2. Self-priming Magnetic Pump
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Stainless steel 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. Stainless steel Magnetic Pump Market Size and Volume Forecast by Application
6.3.1. Oil and Gas
6.3.2. Chemical Industry
6.3.3. Pharmaceuticals
6.3.4. Food Industry
6.3.5. Aerospace & Defense
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Stainless steel 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. Stainless steel 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 Stainless steel 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. Stainless steel 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 Stainless steel Magnetic Pump Demand Share Forecast, 2019-2026
9. North America Stainless steel 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 Stainless steel 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 Stainless steel Magnetic Pump Market Size and Volume Forecast by Application
9.4.1. Oil and Gas
9.4.2. Chemical Industry
9.4.3. Pharmaceuticals
9.4.4. Food Industry
9.4.5. Aerospace & Defense
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Stainless steel Magnetic Pump Market Size and Volume Forecast by Type
9.7.1. Thermo-electro-magnetic pump
9.7.2. Self-priming Magnetic Pump
9.7.3. Others
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 Stainless steel Magnetic Pump Demand Share Forecast, 2019-2026
10. Latin America Stainless steel 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 Stainless steel 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 Stainless steel Magnetic Pump Market Size and Volume Forecast by Application
10.4.1. Oil and Gas
10.4.2. Chemical Industry
10.4.3. Pharmaceuticals
10.4.4. Food Industry
10.4.5. Aerospace & Defense
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Stainless steel Magnetic Pump Market Size and Volume Forecast by Type
10.7.1. Thermo-electro-magnetic pump
10.7.2. Self-priming Magnetic Pump
10.7.3. Others
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 Stainless steel Magnetic Pump Demand Share Forecast, 2019-2026
11. Europe Stainless steel 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 Stainless steel 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 Stainless steel Magnetic Pump Market Size and Volume Forecast by Application
11.4.1. Oil and Gas
11.4.2. Chemical Industry
11.4.3. Pharmaceuticals
11.4.4. Food Industry
11.4.5. Aerospace & Defense
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Stainless steel Magnetic Pump Market Size and Volume Forecast by Type
11.7.1. Thermo-electro-magnetic pump
11.7.2. Self-priming Magnetic Pump
11.7.3. Others
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 Stainless steel Magnetic Pump Demand Share, 2019-2026
12. Asia Pacific Stainless steel 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 Stainless steel 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 Stainless steel Magnetic Pump Market Size and Volume Forecast by Application
12.4.1. Oil and Gas
12.4.2. Chemical Industry
12.4.3. Pharmaceuticals
12.4.4. Food Industry
12.4.5. Aerospace & Defense
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Stainless steel Magnetic Pump Market Size and Volume Forecast by Type
12.7.1. Thermo-electro-magnetic pump
12.7.2. Self-priming Magnetic Pump
12.7.3. Others
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 Stainless steel Magnetic Pump Demand Share, 2019-2026
13. Middle East & Africa Stainless steel 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 Stainless steel 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 Stainless steel Magnetic Pump Market Size and Volume Forecast by Application
13.4.1. Oil and Gas
13.4.2. Chemical Industry
13.4.3. Pharmaceuticals
13.4.4. Food Industry
13.4.5. Aerospace & Defense
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Stainless steel Magnetic Pump Market Size and Volume Forecast by Type
13.7.1. Thermo-electro-magnetic pump
13.7.2. Self-priming Magnetic Pump
13.7.3. Others
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 Stainless steel Magnetic Pump Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Stainless steel Magnetic Pump Market: Market Share Analysis
14.2. Stainless steel Magnetic Pump Distributors and Customers
14.3. Stainless steel Magnetic Pump Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sundyne
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Richter Chemie
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. Klaus Union
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ITT Goulds Pumps
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. March Manufacturing
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Flowserve
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CP Pumpen
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Precision Engineering
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Dandong Colossus
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Dickow Pumpen
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Yida Petrochemical Pump
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Yangguang Pump
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Micropump
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Verder
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Taicang Magnetic Pump
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. DESMI
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. HERMETIC-Pumpen
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Tengyu Enterprise
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
