Magnetic Drive Pumps Market Scope
The increasing requirement for environmental protection & safety from the pipeline industry will help to boost the global Magnetic Drive Pumps market in the forecasted period. Magnetic drive pumps are designed to be driven by the force of magnets. A magnetic drive pump uses a balanced magnetic field to create the rotation of the fluid impeller. Unlike a traditional centrifugal pump which has a direct drive connection between impeller and motor, a mag-drive pump eliminates the direct drive mechanism and replaces it with a magnetic field.
The market study is being classified by Type (Stainless Steel, Reinforced Polypropylene and Engineering Plastics), by Application (Chemical Processing, Water Treatment and Others) and major geographies with country level break-up.
The Manufacturers having a strong hold in the market are Sundyne, Klaus Union, Goulds Pumps (ITT), March Manufacturing and Flowserve Corporation. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Magnetic Drive Pumps market throughout the predicted period.
Sundyne (United States), Klaus Union (United States), Goulds Pumps (ITT) (United States), March Manufacturing Inc. (United States), Flowserve Corporation (United States), Richter Chemie-Technik GmbH (Germany), CP Pumpen AG (Switzerland), Dandong Colossus Group Co Ltd (China), Dickow Pumpen GmbH & Co. KG (Germany) and Micropump Inc. (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Verder Company (Netherlands), Taicang Magnetic Pump Co. Ltd. (China), DESMI (Denmark), HERMETIC-Pumpen GmbH (Germany) and Jiangsu Tengyu Machinery Manufacture Co.Ltd (China).
AdvanceMarketAnalytics has segmented the market of Global Magnetic Drive Pumps market by Type, Application and Region.
On the basis of geography, the market of Magnetic Drive Pumps has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On May 1, 2019, ITT Inc. has completed the acquisition of Rheinhütte Pumpen Group from Aliaxis Group S.A. The acquisition has encourages the organization in focused growth strategies, it has also provided the company’s Industrial Process (IP) segment with a complementary portfolio of pump technologies suited to corrosive, abrasive and high-temperature environments. The acquisition also bolsters IP’s presence in Europe through enhanced pump engineering, manufacturing, testing and channel to market capabilities.
On June 20th, 2018, one of the global manufacturer and designer of pumps and compressors " Sundyne" has enhanced the ANSIMAG line pumps that are designed to meet and exceed all ASME/ANSI B73.3 and ISO 2858 chemical process pump standards. Since 1985, more than 50,000 ANSIMAG sealless, non-metallic magnetic drive pumps have been deployed to successfully handle harsh and corrosive chemicals used in a variety of industries.
- Upsurging Need for Environmental Protection & Safety from Pipeline Industry
- Rising Demand for Pump Failure Prevention and Detection Sensors
- Use of Magnetic Pumps Involves Comparatively Low Risk of Vapour and Fluid Emission
- Comparatively More Reliable than the Magnetic Pumps
- Minimal Post Purchase Maintenance and Repair Cost
- Nullifies the Need for an Alignment of the Pump or Motor
- Lack of Working Ability Even in case of Small Percentage of Solid Fluids
- Requires Higher Power Absorption than Conventional Pumps
- Higher Initial Costs might Stagnate the Demand for the Magnetic Pumps
Key Target AudienceMagnetic Drive Pumps Manufacturers, Magnetic Drive Pumps Distributors and Traders, International Traders, Research and Development Insitutes, Pol and Gas Industry Associations, Government Agencies, Upstream and Downstream Buyers and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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