The use of magnetic drive pumps has risen in the renewable energy sector over the last few years. Biodiesel is a liquid fuel produced from renewable sources, including new and used vegetable oils and animal fats. It is a cleaner-burning replacement for various petroleum-based fuels, which has led to the growing demand for petroleum in APAC. Magnetic drive pumps are designed and manufactured for maximum utilization in biodiesel production. These pumps are highly recommended for chemical transfer and chemical recirculation. Magnetic drive pumps offered by March Manufacturing, Inc. can facilitate a maximum flow of ~38 gallons per minute (GPM) at 10ft. Magnetic drive pumps can also facilitate Transesterification (chemical conversion of oil-based fats into biodiesel), vacuum dehydration (extraction of water or vegetable or animal oil), neutralization (chemical removal of a catalyst from the respective crude biodiesel), and distillation (purification of methanol or biodiesel with negative pressures and high temperatures). In 2019, Indonesia was the world's largest biodiesel producer, with a production volume of ~8 billion liters. The growing biodiesel production and its increasing demand are creating lucrative opportunities for magnetic drive pumps.
APAC Magnetic Drive Pumps Market Segmentation
The APAC magnetic drive pumps market is segmented based on flow rate, material, application, pump type, and country. Based on flow rate, the APAC 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 80 m3/hr segment dominated the market in 2020. Based on material, APAC magnetic drive pumps market is segmented into polypropylene, polyvinylidene fluoride, stainless steel, nickel alloys, PFA, and ETFE. The stainless steel segment led the market in 2020. Based on application, the APAC magnetic drive pumps market is segmented into chemical processing, water treatment, surface treatment, food processing, oil & gas, and renewable energies. The chemical processing segment dominated the market in 2020. Based on pump type, the APAC magnetic drive pumps market is segmented into side channel pumps, centrifugal pumps, and others. The centrifugal pumps segment led the market in 2020. Based on country, the APAC magnetic drive pumps market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC. The China segment dominated the market in 2020.
CP Pumpen AG; Dickow Pump Company; Finish Thompson Inc.; Flowserve Corporation; HERMETIC-Pumpen GmbH; ITT Goulds Pumps; IWAKI CO., LTD.; Klaus Union; KSB SE & Co. KGaA; Sulzer Ltd; and Sundyne are among the leading companies in the APAC magnetic drive pumps market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 310.96 Million |
| Market Size by 2028 | US$ 589.00 Million |
| CAGR (2021 - 2028) | 9.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Flow Rate
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Magnetic Drive Pumps Market is valued at US$ 310.96 Million in 2021, it is projected to reach US$ 589.00 Million by 2028.
As per our report Asia Pacific Magnetic Drive Pumps Market, the market size is valued at US$ 310.96 Million in 2021, projecting it to reach US$ 589.00 Million by 2028. This translates to a CAGR of approximately 9.3% during the forecast period.
The Asia Pacific Magnetic Drive Pumps Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Magnetic Drive Pumps Market report:
The Asia Pacific Magnetic Drive Pumps Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Magnetic Drive Pumps Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Magnetic Drive Pumps Market value chain can benefit from the information contained in a comprehensive market report.
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