The global Magnetic Pump market was valued at 593.07 Million USD in 2020 and will grow with a CAGR of 3.47% from 2020 to 2027, based on HNY Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
"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.The leading producers in the industry are Flowserve, Sundyne and Iwaki, with revenues of 5.04%, 4.34% and 4.15%, respectively.
By Market Verdors:
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
By Types:
Rotating Shaft Magnetic Drive Pumps
Stationary Shaft Magnetic Drive Pumps
Single-stage
Multistage
By Applications:
Oil and Gas
General Industry
Chemical
Food and Pharmaceutical
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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