The magnetic drive pumps market is expected to reach US$ 1,584.37 million by 2028 from US$ 933.25 million in 2021; it is estimated to grow at a CAGR of 7.9% from 2021 to 2028. The overall market has been segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa, and South and Central America. In APAC, the magnetic drive pumps market is growing due to the increasing large-scale industrialization. Countries such as China, South Korea, and Thailand have discovered new oil and gas reserves. Further, China and India have a more significant number of chemical industries. Hence, the consumption of magnetic drive pumps is increasing with the growth of industries in the region. Another reason behind the strong growth of the magnetic drive pumps market over the years is the presence of many market players in the region. Some of the key players in the APAC magnetic drive pumps market include Kirloskar Brothers Limited (India); TEIKOKU ELECTRIC MFG. CO., LTD. (Japan); NIKKISO EIKO Co., Ltd. (Japan); Zhejiang Yonjou Technology Co., Ltd (China).
According to Thinking Caps Research’s research experts, “Global Magnetic Drive Pumps Market 2023 Insights, Size, Share, Growth, Opportunities, Emerging Trends, Forecast to 2028.” The Global Magnetic Drive Pumps Market report by Thinking Caps is a 150+ pages report that includes growth opportunities, growth factors, market trends, market size, demand for the Magnetic Drive Pumps Market, innovation of new technology, and strategies of the highly significant players. The report on the Global Magnetic Drive Pumps market gives a factual and extensive assessment of the market traits, section classifications, regional assessment, market dynamics, software classifications, segmentation evaluation, and product specifications, which can help the end-users obtain the strategies of the market players and gain an inside into the market. The report aims to provide cutting-edge market intelligence and strategic insights to help identify potential growth in the Magnetic Drive Pumps market and make necessary investment decisions for newcomers. The study highlights several factors affecting the market’s growth, such as Government Policies, Research & Development activities, Technological Changes, etc., along with key market drivers and opportunities.
Key players Profiled In This Report Are:
1. Flowserve Corporation
2. Sulzer Ltd
3. KSB SE & Co. KGaA
5. Klaus Union
6. Dickow Pump Company
7. ITT Goulds Pumps
8. Finish Thompson Inc.
9. CDR Pumps
11. HERMETIC-Pumpen GmbH
12. CP Pumpen AG
13. IWAKI CO., LTD.
Key Market Segmentation of Magnetic Drive Pumps:
Scope of the Magnetic Drive Pumps Market Report:
The research examines the key players in the global Magnetic Drive Pumps market in detail, focusing on their market share, gross margin, net profit, sales, product portfolio, new applications, recent developments, and other factors. It also sheds light on the vendor landscape, helping players to foresee future competitive movements in the global Magnetic Drive Pumps business.
This study estimates the market size in terms of both value (millions of dollars) and volume (millions of units) (K Units). Both top-down and bottom-up techniques were used to estimate and validate the market size of the Magnetic Drive Pumps market, as well as the size of various other dependent submarkets in the overall market. To identify important market participants, secondary research was utilized, and primary and secondary research was employed to determine their market shares. All percentage share splits and breakdowns were calculated using secondary sources and verified sources.
Updated Market Report is available at the link below:@ https://www.thinkingcapsrc.com/reports/254/magnetic-drive-pumps-market/
The COVID-19 pandemic has had a major influence on the Magnetic Drive Pumps industry. In the second quarter, the sector exhibited indications of recovery around the world, but long-term recovery remains a concern as COVID-19 cases continue to rise, particularly in Asian countries like India.Since the pandemic began, the sector has been handed a series of setbacks and surprises. As a result of the epidemic, many changes in buyer behavior and thinking have occurred. As a result, the industry is being strained even further. As a result, the market’s expansion is anticipated to be constrained.
Magnetic Drive Pumps Market Region Mainly Focusing:
— Europe Magnetic Drive Pumps Market (Austria, France, Finland, Switzerland, Italy, Germany, Netherlands, Poland, Russia, Spain, Sweden, Turkey, UK),
— Asia-Pacific and Australia Magnetic Drive Pumps Market (China, South Korea, Thailand, India, Vietnam, Malaysia, Indonesia, and Japan),
— The Middle East and Africa Magnetic Drive Pumps Market (Saudi Arabia, South Africa, Egypt, Morocco, and Nigeria),
— Latin America/South America Magnetic Drive Pumps Market (Brazil and Argentina), — North America Magnetic Drive Pumps Market (Canada, Mexico, and The USA)
Free Sample Report from Thinking Caps Research includes: FREE PDF SAMPLE
1) Introduction, Overview, and In-Depth Industry Analysis for the 2021 Updated Report
2) Impact Analysis of the COVID-19 Pandemic Outbreak
3) A Research Report of 205+ Pages
4) On request, provide chapter-by-chapter assistance.
5) Regional Analysis Updated for 2021 with Graphical Representation of Size, Share, and Trends
6) Includes a list of tables and figures that has been updated.
7) The report has been updated to include top market players’ business strategies, sales volume, and revenue analysis.
8) Facts and Factors Methodology for Research
The major questions answered in this report are:
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• What market segments do Magnetic Drive Pumps Market cover?