Report : Middle East and Africa Magnetic Drive Pumps Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Flow Rate (Upto 80 m3/hr, 81–200 m3/hr, 201–500 m3/hr, and Above 500 m3/hr), Material (Polypropylene, Polyvinylidene Fluoride, Stainless Steel, Nickel Alloys, PFA, and ETFE), Application (Chemical Processing, Water Treatment, Surface Treatment, Food Processing, Oil & Gas, and Renewable Energies), and Pump Type (Side Channel Pumps, Centrifugal Pumps, and Others)          

Centrifugal Pump Segment to Dominate MEA Magnetic Drive Pumps Market During 2021–2028

According to a new market research study on “Middle East and Africa Magnetic Drive Pumps Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Flow Rate, Material, Application, and Pump Type” is expected to reach US$ 127.27 million by 2028 from US$ 84.27 million in 2021. The market is estimated to grow at a CAGR of 6.1% from 2021 to 2028. The report provides trends prevailing in the MEA magnetic drive pumps market along with the drivers and restraints pertaining to the market growth. Growth of food and beverages processing sector across MEA and less maintenance is required for magnetic drive pumps are the major factor driving the growth of the MEA magnetic drive pumps market. However, limited solid handling capabilities hinders the growth of MEA magnetic drive pumps market.      

The MEA magnetic drive pumps market is segmented based on flow rate, material, application, pump type, and country. Based on flow rate, the MEA magnetic drive pumps market is segmented into upto 80 m3/hr, 81 – 200 m3/hr, 201 – 500 m3/hr, and above 500 m3/hr. The upto 80m3/hr segment dominated the MEA magnetic drive pumps market in 2020. Based on material, MEA magnetic drive pumps market is segmented into polypropylene, polyvinylidene fluoride, stainless steel, nickel alloys, PFA, and ETFE. The stainless steel segment dominated the MEA magnetic drive pumps market in 2020. Based on application, the MEA magnetic drive pumps market is segmented into chemical processing, water treatment, surface treatment, food processing, oil & gas, and renewable energies. The oil & gas segment dominated the MEA magnetic drive pumps market in 2020. Based on pump type, the MEA magnetic drive pumps market is segmented into side channel pumps, centrifugal pumps, and others. The centrifugal pumps segment dominated the MEA magnetic drive pumps market in 2020. Based on country, the MEA magnetic drive pumps market is segmented into Saudi Arabia, UAE, South Africa, Nigeria, Egypt, Morocco, Algeria, Angola, Tunisa, Congo, and Rest of MEA. The Saudi Arabia segment dominated the MEA magnetic drive pumps market in 2020.      

CP Pumpen AG; Dickow Pump Company; Finish Thompson Inc.; Flowserve Corporation; HERMETIC-Pumpen GmbH; ITT Goulds Pumps; Klaus Union; KSB SE & Co. KGaA; Sulzer Ltd; and Sundyne are among the leading companies in the MEA magnetic drive pumps market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018, under the line of LMV 801 direct drive pumps, the new additions include API 685 sealless magnetic drive pump, which combines the hydraulics of Sundyne’s direct-drive pumps along with the magnetic drive technology that is pioneered by Sundyne HMD/Kontro.

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