Industrialization, robust urbanization, augmented demand across various sectors, increasing awareness regarding its use, and increased benefits of magnetic driven — sealless pumps are widening its application areas. These pumps are increasingly being used in many industrial applications such as chemical processing, water treatment, food & beverages, and power generation. Other emerging applications that offer optimistic opportunities for mag drive pumps include metal pickling, pulp & paper, and agrosciences. Metal surface treatment processes like metal pickling and pulp & paper industry where transfer of aggressive chemicals and highly viscous fluids requires sealless mag drive pumps.
Meticulous Research® in its latest publication on Sealless Pump market states that the global Sealless Pump market is expected to grow at a CAGR of 6.7% from 2019 to 2025 to reach $3.9 billion by 2025.
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Growth of the global Sealless Pump market is mainly attributed to advantages of magnetic driven pumps over conventional pumps, regulation on emissions, low cost of maintenance than other pumps, increasing demand for canned motor pumps in chemical and wastewater treatment industry. Moreover, emergence of intelligent pump systems and micro disc pump technology, evolution of green technology in the market, next generation industrial automation, and technological advancement are the major trends in this market. In addition, rising demand for magnetic driven pumps in Middle East North Africa (MENA), and widening application areas offer growth opportunities for the players operating in this market. However, corrosion resistance of the magnetic element themselves, and high cost and power absorption of the magnetic driven pumps are the key factors expected to hinder the adoption of sealless pump products.
To provide efficient analysis, Meticulous Research® has segmented this market on the basis by product (canned motor radial pump, magnetic driven gear pump, magnetic driven internal bearing screw pump, and canned motor side-channel pump), end-user (chemical, oil & gas, power generation, pharmaceutical, food & beverage, and others), and Geography (North America, Europe, Asia, Oceania, Latin America, and Middle East & Africa).
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Key Topics Covered In Report::
1.1. Market Ecosystem
1.2. Currency and Limitations
1.3. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation
3. Executive Summary
4. Industry Insights
4.2. Market Drivers
4.2.1. Advantages of the Magnetic Driven Pumps Over Conventional Pumps
4.2.2. Regulation of Emissions
4.2.3. Low Cost of Maintenance Than Other Pumps
4.2.4. Increasing Demand for Canned Motor Pumps in Chemical Industry
4.3.1. Corrosion Resistance of the Magnetic Elements Themselves
4.3.2. High Cost and Power Absorption of the Magnetic Driven Pumps
4.4.1. Rising Demand for Magnetic Driven Pumps in Middle East &North Africa (MENA)
4.4.2. Widening Application Areas
4.5. Market Trends
4.5.1. Emergence of Intelligent Pumps Systems and Micro Disc Pumps Technology
4.5.2. Next-Generation Industrial Automation
4.5.3. Technological Advancements
4.5.4. Evolution of Green Technology
4.6. Market Share Analysis
5. Sealless Pumps Market, By Product
5.2. Canned Motor Radial Pumps
5.2.1. Single-Stage Radial Pumps
5.2.2. Multi-Stage Radial Pumps
5.2.3. Canned Motor Radial Pumps: End-User Analysis
5.3. Magnetic Driven Gear Pumps
5.3.1. Magnetic Driven Gear Pumps: End-User Analysis
5.4. Magnetic Driven Internal Bearing Screw Pumps
5.4.1. Magnetic Driven Internal Bearing Screw Pumps: End-User Analysis
5.5. Canned Motor Side-Channel Pumps
5.5.1. Canned Motor Side-Channel Pumps: End-User Analysis
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Geographically, Asia commanded the largest share of the global sealless pump market in 2018, followed by Europe, and North America. Moreover, the sealless pumps market in Asia region is also expected to grow at the fastest CAGR during the forecast period. The growth in this market is expected to be driven by growing urbanization; rapid growth in industries such as chemicals, power and oil and gas, major investments in wastewater treatment projects, and growing number of initiatives to ensure proper sanitation for the societies.
Based on product, the canned motor radial pump segment accounted for the largest share of this market in 2018. The advantages of the radial pumps including smooth flow, self-priming, direct relationship between pump rotational speed and flow, and small size are primarily driving the adoption of these pumps in many countries across the globe.
The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market including IDEX Corporation (U.S.), Flowserve Corporation (U.S.), KSB SE & Co. KGaA (Germany), IWAKI CO., LTD. (Japan), Kirloskar Brothers Limited (Pune), Teikoku Electric Mfg. Co., Ltd. (Japan), Nikkiso Co., Ltd. (Japan), Klaus Union(U.S.), HERMETIC-Pumpen GmbH (Germany), Sundyne (U.S.), ITI Gould's Pumps (U.S.), CP Pumpen AG (Switzerland), March Manufacturing Inc. (U.S.), OPTIMEX (France), and Dandong Colossus & Co (China).
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