Global Magnetic Pump Market Outlook 2022

"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.

Market Analysis and Insights: Global Magnetic Pump Market
The global Magnetic Pump market was valued at US$ 614.4 million in 2020 and it is expected to reach US$ 786.9 million by the end of 2027, growing at a CAGR of 3.6% during 2021-2027.

Global Magnetic Pump Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Magnetic Pump Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
By Driver
Rotating Shaft Magnetic Drive Pumps
Stationary Shaft Magnetic Drive Pumps
By Stage
Single-stage
Multistage

Segment by Application
Oil and Gas
General Industry
Chemical
Food and Pharmaceutical
Others

By Company
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

Production by Region
North America
Europe
China
Japan
Taiwan (China)

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE