Europe Magnetic Drive Pumps Market Growth and Recent Trends by 2028

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Europe Magnetic Drive Pumps Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Flow Rate (Upto 80 m3/hr, 81–200 m3/hr, 201–500 m3/hr, and Above 500 m3/hr), Material (Polypropylene, Polyvinylidene Fluoride, Stainless Steel, Nickel Alloys, PFA, and ETFE), Application (Chemical Processing, Water Treatment, Surface Treatment, Food Processing, Oil & Gas, and Renewable Energies), and Pump Type (Side Channel Pumps, Centrifugal Pumps, and Others)

  • Report Code : TIPRE00029133
  • Category : Manufacturing and Construction
  • No. of Pages : 131
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The Europe magnetic drive pumps market is expected to grow from US$ 256.65 million in 2021 to US$ 444.20 million by 2028; it is estimated to register a CAGR of 8.2% from 2021 to 2028.

Magnetic drive pumps are generally more expensive than mechanical seal pumps. However, the maintenance costs of these pumps are very low, and end users consider long-term financial advantages when choosing the pump. The primary reason for reduced maintenance is the relatively simple design. Moreover, when utilized for normal operations, it is seen that the magnetic drive pumps function for ten years or longer before requiring any repair that are usually inexpensive. Magnetic drive pumps are manufactured to be driven by the force of magnets. Hence, these pumps do not have any shaft coming out of the pump casing, and there is no requirement for shaft sealing devices such as mechanical seals and gland packing. Since the magnetic drive pumps are sealless, the wear and tear risks are very low. This decreases the cost and time of maintenance incurred by the user. Moreover, the elimination of seals gets rid of associated friction loss. No further monitoring of the magnetic coupling is required after the pumped liquid helps lubricate and cool the magnet drive. Thus, low maintenance of the product is one of the key drivers contributing to the growth of the magnetic drive pumps market across various applications such as water treatment, chemical processing, food processing, and oil & gas exploration.

With the new features and technologies, vendors attract new customers to grow their footprints in emerging markets. This factor is likely to drive the Europe magnetic drive pumps market. The Europe magnetic drive pumps market is expected to grow at a substantial CAGR during the forecast period.

Europe Magnetic Drive Pumps Market Revenue and Forecast to 2028 (US$ Million)

Europe Magnetic Drive Pumps Market Revenue and Forecast to 2028 (US$ Million)
  • This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

      

Europe Magnetic Drive Pumps Market Segmentation      

TheEurope magnetic drive pumps market is segmented based on flow rate, material, application, pump type, and country.Based on flow rate,theEurope magnetic drive pumps market is segmented into upto 80 m3/hr, 81–200 m3/hr, 201–500 m3/hr, and above 500 m3/hr.Theupto80 m3/hr segment dominated the market in 2020. Based on material, Europemagnetic drive pumps market is segmented into polypropylene, polyvinylidene fluoride, stainless steel, nickel alloys, PFA, and ETFE. The stainless steel segment led the market in 2020. Based on application, the Europemagnetic 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 market in 2020. Based on pump type, the Europemagnetic drive pumps market is segmented into side channel pumps, centrifugal pumps, and others. The centrifugal pumps segment led the market in 2020. Based on country, the Europemagnetic drive pumps market is segmented into France, Germany, Italy, the UK, Russia, Poland, Bulgaria, Sweden, Turkey, Denmark, Hungary, Romania, and the Rest of Europe. The Germany segment dominated the market in 2020.  

CDR Pumps; 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; Optimex; Sulzer Ltd; and Sundyne are among the leading companies in the Europe magnetic drive pumps market.

Europe Magnetic Drive Pumps Report Scope

Report Attribute Details
Market size in 2021 US$ 256.65 Million
Market Size by 2028 US$ 444.20 Million
Global CAGR (2021 - 2028) 8.2%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Flow Rate
  • Upto 80 m3/hr
  • 81-200 m3/hr
  • 201-500 m3/hr
  • Above 500 m3/hr
By Material
  • Polypropylene
  • Polyvinylidene Fluoride
  • Stainless Steel
  • Nickel Alloys
  • PFA
  • ETFE
By Application
  • Chemical Processing
  • Water Treatment
  • Surface Treatment
  • Food Processing
  • Oil & Gas
  • Renewable Energies
By Pump Type
  • Side Channel Pumps
  • Centrifugal Pumps
Regions and Countries Covered Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Market leaders and key company profiles
  • CDR Pumps
  • CP Pumpen AG
  • Dickow Pump Company
  • Finish Thompson Inc.
  • Flowserve Corporation
  • HERMETIC-Pumpen GmbH
  • ITT Goulds Pumps
  • IWAKI CO., LTD.
  • Klaus Union
    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset
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    Report Coverage

    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered

    Segment Covered

    This text is related
    to segments covered.

    Regional Scope

    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope

    Country Scope

    This text is related
    to country scope.

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    Europe Magnetic Drive Pumps Market
    Connect With Expert
    1. CDR Pumps
    2. CP Pumpen AG
    3. Dickow Pump Company
    4. Finish Thompson Inc.
    5. Flowserve Corporation
    6. HERMETIC-Pumpen GmbH
    7. ITT Goulds Pumps
    8. IWAKI CO., LTD.
    9. Klaus Union
    10. KSB SE & Co. KGaA
    11. OPTIMEX
    12. Sulzer Ltd
    13. Sundyne     
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