Global sales of sealless magnetic drive pumps are projected to exceed USD 674.6 million in 2023, with the market expected to grow at a value CAGR of 6.4% from 2023 to 2033. By 2033, total market revenue is anticipated to surpass USD 1252.3 million.
This growth is driven by the rising demand for energy-efficient technologies and rapid industrialization. The increasing adoption of sealless magnetic drive pumps in sectors such as chemicals and pharmaceuticals is expected to further boost the market.
The growing number of water treatment projects, particularly in emerging economies, will also contribute to the sales of sealless magnetic drive pumps. Additionally, the global emphasis on water recycling will promote further expansion of the magnetic drive pump market.
Industries are compelled to invest significantly in new technologies due to regulations imposed by environmental agencies like the Pollution Control Agency and the Environmental Protection Agency, aimed at reducing pollution emissions. This trend will continue to drive demand for sealless magnetic drive pumps.
Sealless magnetic drive pumps are widely utilized in the pharmaceutical and chemical industries because of their safe, reliable, and leak-proof characteristics. According to Future Market Insights (FMI), the pharmaceuticals segment is projected to account for more than 20% of the market value share.
In the pharmaceutical sector, these pumps are employed in applications where precision and contamination control are critical, making them suitable for tasks requiring high accuracy, such as dosing and metering.
Key Takeaways from Sealless Magnetic Drive Pump Market Study
- The global sealless magnetic drive pump market will expand at a CAGR of 6.4% through 2033.
- By pump type, metallic pump segment is estimated to hold a dominant share of around 64.3% in 2023.
- By end use, the pharmaceutical segment will create an incremental opportunity of nearly US$ 127.3 million through 2033.
- Sealless magnetic drive pump demand in China is likely to increase at 5.1% CAGR through 2033.
- The United States sealless magnetic drive pump market value is forecast to reach US$ 208.5 million by 2033.
- Germany market will thrive at a CAGR of around 5.8% between 2023 to 2033.
Who is Winning?
The sealless magnetic drive pump industry is moderately consolidated with few global players acquiring around 70% to 80% of the market shares. Leading manufacturers are likely to invest in new technology developments and expand their distribution networks to maintain their market presence.
Few of the leading players in this industry include Ebara Corp, Iwaki Co. Ltd., Flowserve Corp, ITT Inc, Sulzer AG, DXP Enterprises among others.
Recent Developments:
In August 2021, Flowserve revealed plans of widening their portfolio on offer for sealless pumps, by launching the new Durco Mark 3 ISO magnetic drive pump.
In June 2021, IDEX announced the acquisition of Flow Management Devices LLC, a manufacturer of precision flow measurement and control solutions.
Sealless Magnetic Drive Pump Market Segmentation
By Pump Type:
- Metallic Pump
- ATEX
By Flow Rate:
- Up to 80 m3/hr
- 81 to 200 m3/hr
- 201 to 500 m3/hr
- Above 501 m3/hr
By End Use:
- Chemical
- Petroleum Refineries
- Food and Beverages
- Pharmaceutical
- Biotech]
By Region/Country:
- Switzerland
- Germany
- Austria
- Italy
- France
- Rest of Europe
- United States
- Mexico
- China
- Rest of Asia
Report Preview: https://www.futuremarketinsights.com/reports/sealless-magnetic-drive-pump-market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
