Global Magnetic Drive Pumps Market is anticipated to grow with a healthy growth rate of more than 5.30% over the forecast period 2021-2027. Global Magnetic Drive Pumps Market is anticipated to grow with a healthy growth rate of more than 5.30% over the forecast period 2021-2027. Magnetic Drive Pumps are also called as Seal-less pumps and Magnetically Coupled pumps. In magnetic drive pumps the electric motor is incorporated to the pump by magnetic means instead of direct mechanical shaft, which prevents leakage as well as are low in cost. Magnetic drive pumps prevent leakage of harmful chemicals and other substances, therefore they have increasing application in Mining Industry. According to Gold Hub, China was the largest producer of gold in year 2020 by producing 368.3 tonnes of gold. Magnetic drive pumps are also used in Wastewater Treatment, they can pump sodium hypochlorite, ferric chlorides and potassium hydroxide in the process. As per Environmental Performance Index, Malta in Europe holds the first rank in Water and Sanitation globally. Strict government standards for food and beverages have increased the usage of Magnetic drive pumps. According to Statista, the food market generated revenue of US $8874.397 billion globally in 2021. However, lack of skilled professionals and rigid pollution regulatory policies impedes the growth of the market over the forecast period of 2021-2027. Also, with the escalation in construction and mining industries, the adoption & demand for Magnetic Drive Pumps is likely to increase the market growth during the forecast period.

The regional analysis of global Magnetic Drive Pumps market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the significant region across the world in terms of market share owing to the China being one of the world's leading construction-industry. Whereas, Europe is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as expansion of mining industry and water treatments would create lucrative growth prospects for the Magnetic Drive Pumps market across Asia-Pacific region.

Major market player included in this report are:
Flowserve Corporation
Ebara Corporation
Kirloskar Brothers Limited
ITT Goulds Pimps Inc.
March Manufacturing
Iwaki Co. Ltd.
Klaus Union
Sundyne LLC
Ruhrpumpen Inc.
Xylem Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Pump Type:
Centrifugal Pumps
Positive Displacement Pumps
By Flow Rate:
Up to 80 m3/hr
81-200 m3/hr
201-500 m3/hr
Above 501 m3/hr
By Casting Material:
Stainless Steel
Alloy
Engineering Plastic
By Application:
Mining
Chemical Manufacturing and Processing
Bio-Fuels and Refineries
Metal Plating and Finishing
Fume Scrubbing
Food Processing
Water Treatment
Surface Treatment
Desalination
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Magnetic Drive Pumps Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors