North America 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)
The North America magnetic drive pumps market is expected to grow from US$ 219.14 million in 2021 to US$ 351.70 million by 2028; it is estimated to grow at a CAGR of 7.0% from 2021 to 2028.
The food & beverages industry involves processing raw meats and the production of spirits and wines. The US food industry is valued at over ~US$ 500 billion; it includes processing foods from raw materials to finished products, which are good for consumption by animals and humans. The food & beverage industry emphasizes the quality and sanitation of the equipment and finished products. A magnetic drive pump can help pump several chemicals, including detergents, sanitizers, and cleaning chemicals. The continuous increase in the number of food processing units is a key factor driving the growth of the magnetic drive pumps market. Magnetic drive pump operation is similar to a standard centrifugal pump, except for the removed motor shaft seal. This results in eliminating leaks that are sometimes caused by shaft seal failure. Moreover, many soft drink producers require a magnetic drive pump for moving the syrup to their respective blending stations. The magnetic drive pump's magnetic coupling eliminates the requirement for rotating mechanical seals and eradicates the possibility of leakages at the seal points. Thus, the increasing food & beverages sector is expected to drive the magnetic drive pumps market in the coming years.
With the new features and technologies, vendors attract new customers to grow their footprints in emerging markets. This factor is likely to drive the North America magnetic drive pumps market. The North America magnetic drive pumps market is expected to grow at a good CAGR during the forecast period.
North America Magnetic Drive Pumps Market Revenue and Forecast to 2028 (US$ Million)Get more information on this report :
North America Magnetic Drive Pumps Market Segmentation
The North America magnetic drive pumps market is segmented based on flow rate, material, application, pump type, and country. Based on flow rate, the North America 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 81–200 m3/hr segment dominated the market in 2020. Based on material, the North America 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 North America 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 North America 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 North America magnetic drive pumps market is segmented into the US, Canada, and Mexico. The US 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 North America magnetic drive pumps market.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Magnetic Drive Pumps Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Magnetic Drive Pumps Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Expansion of Food & Beverages Processing Sector Across the North America
5.1.2 Less Maintenance Requirement of Magnetic Drive Pumps
5.2 Market Restraints
5.2.1 Limited Solid Handling Capabilities
5.3 Market Opportunities
5.3.1 Increasing Production of Biodiesel Across the North America
5.4 Future Trends
5.4.1 Increasing Adoption of Green Technologies for Industrial Applications
5.5 Impact Analysis of Drivers and Restraints
6. Magnetic Drive Pumps – North America Market Analysis
6.1 Magnetic Drive Pumps Market North America Overview
6.2 North America Magnetic Drive Pumps Market Revenue Forecast and Analysis
7. North America Magnetic Drive Pumps Market Analysis – By Flow Rate
7.1 Overview
7.2 North America Magnetic Drive Pumps Market, By Flow Rate (2020 and 2028)
7.3 Upto 80 m3/hr
7.4 – 200 m3/hr
7.5 - 500 m3/hr
7.6 Above 500 m3/hr
8. North America Magnetic Drive Pumps Market Analysis – By Material
8.1 Overview
8.2 North America Magnetic Drive Pumps Market, By Material (2020 and 2028)
8.3 Polypropylene
8.3.1 Overview
8.3.2 Polypropylene: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
8.4 Polyvinylidene Fluoride
8.4.1 Overview
8.4.2 Polyvinylidene Fluoride: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
8.5 Stainless Steel
8.5.1 Overview
8.5.2 Stainless Steel: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
8.6 Nickel Alloys
8.6.1 Overview
8.6.2 Nickel Alloys: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
8.7 PFA
8.7.1 Overview
8.7.2 PFA: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
8.8 ETFE
8.8.1 Overview
8.8.2 ETFE: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
9. North America Magnetic Drive Pumps Market Analysis – By Application
9.1 Overview
9.2 North America Magnetic Drive Pumps Market, By Application (2020 and 2028)
9.3 Chemical Processing
9.3.1 Overview
9.3.2 Chemical Processing: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
9.4 Water Treatment
9.4.1 Overview
9.4.2 Water Treatment: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
9.5 Surface Treatment
9.5.1 Overview
9.5.2 Surface Treatment: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
9.6 Food Processing
9.6.1 Overview
9.6.2 Food Processing: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
9.7 Oil & Gas
9.7.1 Overview
9.7.2 Oil & Gas: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
9.8 Renewable Energies
9.8.1 Overview
9.8.2 Renewable Energies: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
10. North America Magnetic Drive Pumps Market Analysis – By Pump Type
10.1 Overview
10.2 North America Magnetic Drive Pumps Market, By Pump Type (2020 and 2028)
10.3 Side Channel Pump
10.3.1 Overview
10.3.2 Side Channel Pump: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
10.4 Centrifugal Pump
10.4.1 Overview
10.4.2 Centrifugal Pump: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
10.5 Others
10.5.1 Overview
10.5.2 Others: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
11. North America Magnetic Drive Pumps Market – Country Analysis
11.1 Overview
11.1.1 North America: Magnetic Drive Pumps Market Breakdown, by Country
11.1.1.1 US: Magnetic Drive Pumps Market – Revenue and Forecast to 2028
11.1.1.1.1 US: Magnetic Drive Pumps Market Breakdown, by Flow Rate
11.1.1.1.2 US: Magnetic Drive Pumps Market Breakdown, by Material
11.1.1.1.3 US: Magnetic Drive Pumps Market Breakdown, by Application
11.1.1.1.4 US: Magnetic Drive Pumps Market Breakdown, by Pump Type
11.1.1.2 Canada: Magnetic Drive Pumps Market – Revenue and Forecast to 2028
11.1.1.2.1 Canada: Magnetic Drive Pumps Market Breakdown, by Flow Rate
11.1.1.2.2 Canada: Magnetic Drive Pumps Market Breakdown, by Material
11.1.1.2.3 Canada: Magnetic Drive Pumps Market Breakdown, by Application
11.1.1.2.4 Canada: Magnetic Drive Pumps Market Breakdown, by Pump Type
11.1.1.3 Mexico: Magnetic Drive Pumps Market – Revenue and Forecast to 2028
11.1.1.3.1 Mexico: Magnetic Drive Pumps Market Breakdown, by Flow Rate
11.1.1.3.2 Mexico: Magnetic Drive Pumps Market Breakdown, by Material
11.1.1.3.3 Mexico: Magnetic Drive Pumps Market Breakdown, by Application
11.1.1.3.4 Mexico: Magnetic Drive Pumps Market Breakdown, by Pump Type
12. Industry Landscape
12.1 Market Initiative
12.2 New Development
13. Company Profiles
13.1 Flowserve Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Sulzer Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 KSB SE & Co. KGaA
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Sundyne
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Klaus Union
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Dickow Pump Company
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 ITT Goulds Pumps
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Finish Thompson Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 HERMETIC-Pumpen GmbH
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 CP Pumpen AG
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 IWAKI CO., LTD.
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America Magnetic Drive Pumps Market: Revenue and Forecasts to 2028 (US$ Mn)
Table 2. North America: Magnetic Drive Pumps Market Revenue and Forecast to 2028 – By Country (US$ Million)
Table 3. US: Magnetic Drive Pumps Market Revenue and Forecast to 2028 – By Flow Rate (US$ Million)
Table 4. US: Magnetic Drive Pumps Market Revenue and Forecast to 2028 – By Material (US$ Million)
Table 5. US: Magnetic Drive Pumps Market Revenue and Forecast to 2028 – By Application (US$ Million)
Table 6. US: Magnetic Drive Pumps Market Revenue and Forecast to 2028 – By Pump Type (US$ Million)
Table 7. Canada: Magnetic Drive Pumps Market Revenue and Forecast to 2028 – By Flow Rate (US$ Million)
Table 8. Canada: Magnetic Drive Pumps Market Revenue and Forecast to 2028 – By Material (US$ Million)
Table 9. Canada: Magnetic Drive Pumps Market Revenue and Forecast to 2028 – By Application (US$ Million)
Table 10. Canada: Magnetic Drive Pumps Market Revenue and Forecast to 2028 – By Pump Type (US$ Million)
Table 11. Mexico: Magnetic Drive Pumps Market Revenue and Forecast to 2028 – By Flow Rate (US$ Million)
Table 12. Mexico: Magnetic Drive Pumps Market Revenue and Forecast to 2028 – By Material (US$ Million)
Table 13. Mexico: Magnetic Drive Pumps Market Revenue and Forecast to 2028 – By Application (US$ Million)
Table 14. Mexico: Magnetic Drive Pumps Market Revenue and Forecast to 2028 – By Pump Type (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Magnetic Drive Pumps Market Segmentation
Figure 2. North America Magnetic Drive Pumps Market Segmentation – By Country
Figure 3. North America Magnetic Drive Pumps Market Overview
Figure 4. North America Magnetic Drive Pumps Market, by Material
Figure 5. North America Magnetic Drive Pumps Market, by Application
Figure 6. North America Magnetic Drive Pumps Market, by Pump Type
Figure 7. North America Magnetic Drive Pumps Market, by Country
Figure 8. PEST Analysis– North America
Figure 9. Ecosystem Analysis – North America Magnetic Drive Pumps Market
Figure 10. Expert Opinion
Figure 11. North America Magnetic Drive Pumps Market: Impact Analysis of Drivers and Restraints
Figure 12. North America Magnetic Drive Pumps Market Revenue Forecast and Analysis (US$ Million)
Figure 13. North America Magnetic Drive Pumps Market Revenue Share, by Flow Rate (2020 and 2028)
Figure 14. North America Upto 80 m3/hr: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 15. North America 81 – 200 m3/hr: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 16. North America 201 - 500 m3/hr: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 17. North America Above 500 m3/hr: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 18. North America Magnetic Drive Pumps Market Revenue Share, by Material (2020 and 2028)
Figure 19. North America Polypropylene: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 20. North America Polyvinylidene Fluoride: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 21. North America Stainless Steel: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 22. North America Nickel Alloys: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 23. North America PFA: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 24. North America ETFE: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 25. North America Magnetic Drive Pumps Market Revenue Share, by Application (2020 and 2028)
Figure 26. North America Chemical Processing: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 27. North America Water Treatment: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 28. North America Surface Treatment: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 29. North America Food Processing: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 30. North America Oil & Gas: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 31. North America Renewable Energies: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 32. North America Magnetic Drive Pumps Market Revenue Share, by Pump Type (2020 and 2028)
Figure 33. North America Side Channel Pump: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 34. North America Centrifugal Pump: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 35. North America Others: Magnetic Drive Pumps Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 36. North America: Magnetic Drive Pumps Market, by Key Country – Revenue(2020) (US$ Million)
Figure 37. North America: Magnetic Drive Pumps Market Breakdown, by Country, 2020 & 2028 (%)
Figure 38. US: Magnetic Drive Pumps Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Canada: Magnetic Drive Pumps Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Mexico: Magnetic Drive Pumps Market – Revenue and Forecast to 2028 (US$ Million)
- 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
- Sundyne
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America magnetic drive pumps market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America magnetic drive pumps market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America magnetic drive pumps market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution