The Magnetic Drive Pumps market is expected to grow from US $ 933.25 Million in 2021 to US $ 1,584.37 million by 2028 and is expected to grow at a CAGR of 8% during 2022-2028. The magnetic drive pump operation is similar to standard centrifugal pumps except for the motor shaft seal which is removed from the magnetic drive pump. It results in eliminating leaks sometimes caused by shaft seal failure. Various soft drink producers require magnetic drive pumps for moving syrups to their respective mixing stations. The magnetic drive pump and magnetic coupling eliminate the requirement for rotating mechanical seals and eradicate the possibility of leakage at seal points.
A full report of Magnetic Drive Pumps Market is available at: https://orionmarketreports.com/magnetic-drive-pumps-market/93957/
Company Profile
- Sundyne
- IWAKI
- Klaus Union
- ITT Goulds Pumps
- March Manufacturing
- Flowserve
Market Segmentation
By Type:
- Rotating Shaft Magnetic Drive Pumps
- Stationary Shaft Magnetic Drive Pumps
By Application:
- Chemical Industry
- Petroleum Industry
- Pharmaceutical Industry
- Food Industry
Scope of the Report
The research study analyzes the Magnetic Drive Pumps Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Magnetic Drive Pumps Market Report
- What was the Magnetic Drive Pumps Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Magnetic Drive Pumps Market during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the Magnetic Drive Pumps Market was the market leader in 2021?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Magnetic Drive Pumps market.
- The market share of the Magnetic Drive Pumps market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Magnetic Drive Pumps market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Magnetic Drive Pumps market.
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
