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Sealless Pumps Market: Meticulous Research® Uncovers the Reasons for Market Growth at a CAGR of 9.6% by Value to Reach $5.87 Billion by 2028

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Sealless Pumps Market: Meticulous Research® Uncovers the Reasons for Market Growth at a CAGR of 9.6% by Value to Reach $5.87 Billion by 2028

November 24
01:32 2021
Sealless Pumps Market: Meticulous Research® Uncovers the Reasons for Market Growth at a CAGR of 9.6% by Value to Reach $5.87 Billion by 2028
The Sealless Pumps Market is expected to reach a value of $5.87 billion by 2028, at a CAGR of 9.6% during the forecast period 2021-2028
Sealless Pumps Market by Product (Canned Motor Pumps, Magnetic-driven Pumps), End-use Industries (Chemical, Oil & Gas, Power Generation, Pharmaceutical, Food & Beverage, Other End-use Industries), and Geography – Global Forecast to 2028

Sealless pump is a type of pump in which the impeller shaft is completely contained in a sealed, pressurized vessel that contains the process fluid. A sealless magnetic drive pump is a conventional centrifugal pump without the dynamic seal normally used to secure the pump shaft. A static containment shell replaces this dynamic seal to form a completely sealed liquid end or pressure boundary.

Magnetic-driven pumps prevent any leakage of fluid and fugitive emissions, chemicals, corrosive liquids, explosive and flammable fluids that could be very dangerous for the users and the environment. Hence, these pumps help their end-users to follow strict environmental and safety objectives required by many regulations. These factors are driving the adoption of magnetic drive pumps in many application areas across the globe.

In its latest publication on the sealless pumps market, Meticulous Research® states that the market will grow at a CAGR of 9.6% from 2021 to 2028 to reach $5.87 billion by 2028.

Factors such as the advantages of magnetic-driven pumps over conventional pumps, growing focus on reducing environmental impact with the help of sealless pumps, low maintenance cost than other pumps, and increasing demand for canned motor pumps in the chemical industry are driving the growth of the sealless pumps market. Widening application areas offer lucrative growth opportunities for this market’s growth. Widening application areas offer lucrative growth opportunities for this market’s growth. The corrosion resistance of the magnetic elements themselves and the high cost and power consumption of magnetic-driven pumps are challenges that can obstruct the growth of this market.

To provide efficient analysis, Meticulous Research® has segmented this market based on product (magnetic-driven pumps and canned motor pumps), end-use industries (chemicals, oil & gas, power generation, pharmaceutical, food & beverage, other end-use industries), and geography (Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa).

Download Free Sample Report Copy Here : https://www.meticulousresearch.com/download-sample-report/cp_id=5030

Scope of the Report

Sealless Pumps Market, by Product

  • Magnetic-driven Pumps
    • Magnetic-driven Centrifugal Pumps
      • Single-stage Magnetic-driven Pumps
        • Plastic-lined Magnetic-driven Pumps
        • All Plastic Magnetic-driven Pumps
        • API 685 Magnetic-driven Pumps
        • Vertical Suspended Magnetic-driven Pumps
      • Multi-stage Magnetic-driven Pumps
    • Magnetic-driven Gear Pumps
    • Magnetic-driven Internal Bearing Screw Pumps
  • Canned Motor Pumps
    • Canned Motor Radial Pumps
      • Single-stage Radial Pumps
      • Multi-stage Radial Pumps
    • Plastic-lined Canned Motor Pumps (Single-stage)
    • Canned Motor Side Channel Pumps
    • All Plastic Canned Motor Pumps (Single-stage)
    • API 685 Canned Motor Pumps (Single-stage)

Sealless Pumps Market, by End-use Industries

  • Chemical
  • Oil & Gas
  • Power Generation
  • Food & Beverage
  • Pharmaceutical
  • Other End-use Industries

Sealless Pumps Market, by Geography

  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • New Zealand
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East & Africa

 

To gain more insights into the market with a detailed table of content and figures, click here  :  https://www.meticulousresearch.com/product/sealless-pumps-market-5030

Based on product, global sealless pumps market is segmented into canned motor pumps and magnetic-driven pumps. The magnetic-driven pumps segment is expected to hold the largest share of the global sealless pumps market in 2021. The large market share of this segment is mainly due to the frictionless functions between internal parts, resulting in less generation of heat, lower noise production, and eliminating the need for lubrication. Magnetic drive pumps are typically used where leakage of the pumped liquid poses a great risk, such as with aggressive or risky liquids, exotic materials, acids, alkalis, corrosives, pollutants, and toxics. They are also used for ultra-pure liquids and hard-to-seal liquids.

Based on type, the single-stage magnetic-driven pumps market is segmented into plastic-lined pumps, all-plastic pumps, API 685 pumps, and vertically suspended pumps. In 2021, the plastic-lined pumps segment is expected to hold the largest share of the global single-stage magnetic-driven pumps market. The growth of this segment is due to the factors such as their ability to withstand corrosion due to all plastic components and leak-free construction.

Based on type, the canned motor pumps market is segmented into canned motor radial pumps, plastic-lined pumps, all-plastic pumps, API 685 pumps, and side channel pumps. The canned motor radial pumps segment is expected to hold the largest share of the global canned motor pumps market in 2021. The rising demand for canned motor pumps in the chemical industry and the non-corrosive characteristics of plastic pumps to efficiently carry highly corrosive liquids are some of the major factors driving the growth of this segment.

Based on end-use industry, global sealless pumps market is segmented into chemical, oil & gas, power generation, pharmaceuticals, food & beverage, and other end-use industries. The chemical industry is expected to hold the largest share of the global sealless pumps market in 2021. Centrifugal pumps comprise over 90% of all pump installations in the chemical industry. They have proven to be the most economical pumps in various services; they require much less maintenance and operational efforts than other pump types. These pumps avoid leakages and wastage during the transfer of various fluids and oil.

Geographically, the market is segmented into five major regions—Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. The Asia-Pacific region is estimated to hold the largest share of the sealless pumps market in 2021. The factors contributing to this region’s growth are growing urbanization; rapid growth in industries such as chemicals, power, and oil & gas; major investments in wastewater treatment; and initiatives to improve proper sanitation.

The report includes a competitive landscape based on extensive assessment of the key strategies the leading market participants adopted in the sealless pumps market over the last four years (2018-2021). The key players profiled in the sealless pumps market are IDEX Corporation (U.S.), Flowserve Corporation (U.S.), KSB SE & Co. KGaA (Germany), IWAKI Co., Ltd. (Japan), ITT Gould’s Pumps (U.S.), Kirloskar Brothers Limited (India), Teikoku Electric Mfg. Co., Ltd. (Japan), Nikkiso Co., Ltd. (Japan), Klaus Union (U.S.), Sundyne (U.S.), CP Pumpen AG (Switzerland), HERMETIC-Pumpen GmbH (Germany), March Manufacturing Inc. (U.S.), OPTIMEX (France), Dandong Colossus Co., Ltd. (China), Dickow Pumpen GmbH & Co. KG (Germany), and Richter Chemie-Technik GmbH (Germany). 

Amidst this crisis, Meticulous Research® is continuously assessing the impact of COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here-https://www.meticulousresearch.com/custom-research

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Media Contact
Company Name: Meticulous Market Research Pvt Ltd
Contact Person: Khushal Bombe
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