81 – 200 m3/hr Segment to Dominate North America Magnetic Drive Pumps Market During 2021–2028
According to The Insight Partners market research study on “North America Magnetic Drive Pumps Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Flow Rate, Material, Application, and Pump Type” is expected to reach US$ 351.70 million by 2028 from US$ 219.14 million in 2021. The market is estimated to grow at a CAGR of 7.0% from 2021 to 2028. The report provides trends prevailing in the North America magnetic drive pumps market along with the drivers and restraints pertaining to the market growth. Expansion of food & beverages processing sector worldwide and less maintenance requirement of magnetic drive pumps are the major factor driving the growth of the North America magnetic drive pumps market. However, limited solid handling capabilities hinders the growth of North America magnetic drive pumps market.
The North America magnetic drive pumps market is segmented based on flow rate, material, application, pump type, and country. Based on flow rate, the North America magnetic drive pumps market is segmented into upto 80 m3/hr, 81 – 200 m3/hr, 201 – 500 m3/hr, and above 500 m3/hr. The 81 – 200 m3/hr segment dominated the North America magnetic drive pumps market in 2020. Based on material, North America magnetic drive pumps market is segmented into polypropylene, polyvinylidene fluoride, stainless steel, nickel alloys, PFA, and ETFE. The stainless steel segment dominated the North America magnetic drive pumps market in 2020. Based on application, the North America magnetic drive pumps market is segmented into chemical processing, water treatment, surface treatment, food processing, oil & gas, and renewable energies. The chemical processing segment dominated the North America magnetic drive pumps market in 2020. Based on pump type, the North America magnetic drive pumps market is segmented into side channel pumps, centrifugal pumps, and others. The centrifugal pumps segment dominated the North America magnetic drive pumps market in 2020. Based on country, the North America magnetic drive pumps market is segmented into US, Canada, and Mexico. The US segment dominated the North America magnetic drive pumps market in 2020.
CP Pumpen AG; Dickow Pump Company; Finish Thompson Inc.; Flowserve Corporation; HERMETIC-Pumpen GmbH; ITT Goulds Pumps; IWAKI CO., LTD.; Klaus Union; KSB SE & Co. KGaA; Sulzer Ltd; and Sundyne are among the leading companies in the North America magnetic drive pumps market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Since Sundyne’s business is expanding rapidly in India, the company is hiring aggressively. Sundyne’s engineers in India offer a broad range of capabilities, including product development, technical documentation, application engineering, instrumentation engineering, and order engineering for the company’s compressors and pumps.
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