The MEA magnetic drive pumps market is expected to grow from US$ 84.27 million in 2021 to US$ 127.27 million by 2028; it is estimated to register a CAGR of 6.1% from 2021 to 2028.
The environmental and safety impact of the fluid handling solutions is considered a top agenda while buying, using, and maintaining new pumps. Magnetic drive pumps are still firmly adopted for corrosive chemical applications. These pumps are characterized by enhanced corrosion resistance and dry running capabilities in severe conditions. Green technology is creating considerable demand for magnetic drive pumps in producing biodiesel fuels, where mixtures of solvents and caustics lead to difficulties in sealing. Magnetic drive pumps help prevent fugitive emissions such as volatile hazardous air pollutants (VHAPs) and volatile organic compounds (VOCs). Thus, using a magnetic drive pump helps the companies to stay compliant with the new state, local, and federal safety and health standards and regulations and avoid expensive fines. The regulations and norms regarding emissions continue to be a trending factor for the increasing popularity of magnetic drive pumps across the MEA.
MEA Magnetic Drive Pumps Market Revenue and Forecast to 2028 (US$ Million)
MEA Magnetic Drive Pumps Market Segmentation
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 80 m3/hr segment dominated the 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 led the 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 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 led the market in 2020. Based on country, the MEA magnetic drive pumps market is segmented into Saudi Arabia, the UAE, South Africa, Nigeria, Egypt, Morocco, Algeria, Angola, Tunisia, Congo, and the Rest of MEA. The Saudi Arabia segment dominated the 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.
Middle East and Africa Magnetic Drive Pumps Market Strategic Insights
Get more information on this report
Middle East and Africa Magnetic Drive Pumps Market Segmentation Analysis
Middle East and Africa Magnetic Drive Pumps Market Report Highlights
Middle East and Africa Magnetic Drive Pumps Report Scope
Report Attribute
Details
Market size in 2021
US$ 84.27 Million
Market Size by 2028
US$ 127.27 Million
CAGR (2021 - 2028)
6.1%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Flow Rate
Upto 80 m3/hr
81"200 m3/hr
201"500 m3/hr
Above 500 m3/hr
By Material
Polypropylene
Polyvinylidene Fluoride
Stainless Steel
Nickel Alloys
PFA
ETFE
By Application
Chemical Processing
Water Treatment
Surface Treatment
Food Processing
Oil & Gas
Renewable Energies
By Pump Type
Side Channel Pumps
Centrifugal Pumps
Regions and Countries Covered
Middle East and Africa
South Africa
Saudi Arabia
UAE
Rest of Middle East and Africa
Market leaders and key company profiles
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
Sundyne
Get more information on this report
Middle East and Africa Magnetic Drive Pumps Market Country and Regional Insights
Get more information on this report
Identical Market Reports with other Region/Countries
The List of Companies - Middle East and Africa Magnetic Drive Pumps Market
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
Sundyne
Frequently Asked Questions
How big is the Middle East and Africa Magnetic Drive Pumps Market?
The Middle East and Africa Magnetic Drive Pumps Market is valued at US$ 84.27 Million in 2021, it is projected to reach US$ 127.27 Million by 2028.
What is the CAGR for Middle East and Africa Magnetic Drive Pumps Market by (2021 - 2028)?
As per our report Middle East and Africa Magnetic Drive Pumps Market, the market size is valued at US$ 84.27 Million in 2021, projecting it to reach US$ 127.27 Million by 2028. This translates to a CAGR of approximately 6.1% during the forecast period.
What segments are covered in this report?
The Middle East and Africa Magnetic Drive Pumps Market report typically cover these key segments-
What is the historic period, base year, and forecast period taken for Middle East and Africa Magnetic Drive Pumps Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Magnetic Drive Pumps Market report:
Historic Period : 2019-2020
Base Year : 2021
Forecast Period : 2022-2028
Who are the major players in Middle East and Africa Magnetic Drive Pumps Market?
The Middle East and Africa Magnetic Drive Pumps Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
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
Sundyne
Who should buy this report?
The Middle East and Africa Magnetic Drive Pumps Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Middle East and Africa Magnetic Drive Pumps Market value chain can benefit from the information contained in a comprehensive market report.
Get Free Sample For Middle East and Africa Magnetic Drive Pumps Market
