Magnetic Drive Sealless Pumps Market
PUBLISHED: 2024 ID: SMRC25466
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Magnetic Drive Sealless Pumps Market

Magnetic Drive Sealless Pumps Market Forecasts to 2030 - Global Analysis By Product Type (Magnetic Drive Diaphragm Pumps, Magnetic Drive Centrifugal Pumps, Magnetic Drive Gear Pumps and Other Product Types), Flow Rate (Up to 80 m3/hr, 81 to 200 m3/hr, 201 to 500 m3/hr and Above 501 m3/hr), Application, End User and By Geography

4.3 (42 reviews)
4.3 (42 reviews)
Published: 2024 ID: SMRC25466

This report covers the impact of COVID-19 on this global market
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Years Covered

2021-2030

Estimated Year Value (2023)

US $691.2 MN

Projected Year Value (2030)

US $1215 MN

CAGR (2023 - 2030)

8.4%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Europe


According to Stratistics MRC, the Global Magnetic Drive Sealless Pumps Market is accounted for $691.2 million in 2023 and is expected to reach $1215 million by 2030 growing at a CAGR of 8.4% during the forecast period. Magnetic drive sealless pumps are advanced fluid handling systems designed for reliability and safety in corrosive, hazardous, or environmentally sensitive applications. Unlike traditional pumps relying on mechanical seals, these pumps employ magnetic coupling to transfer torque from the motor to the impeller, eliminating the need for a shaft seal. By isolating the pumped fluid from the external environment, these pumps minimize contamination risks and provide enhanced protection for both the process and the surrounding environment, making them indispensable in industries such as chemical processing, pharmaceuticals, and wastewater treatment.

Market Dynamics: 

Driver: 

Increasing demand for leak-free operations

Industries across various sectors, including chemicals, pharmaceuticals, food and beverage, and water treatment, are prioritizing safety, environmental protection, and operational efficiency. Magnetic drive sealless pumps utilize magnetic coupling to transfer torque from the motor to the impeller without the need for a mechanical shaft seal. This innovative design ensures a hermetically sealed pump chamber, effectively eliminating the risk of fluid leakage. Therefore, increasing demand for leak-free operations is a significant factor in accelerating market demand.

Restraint:

Temperature constraints

Temperature constraints represent a significant restraint in the magnetic drive sealless pump market. Exposure to extreme temperatures can compromise the performance and integrity of the magnets and other critical components within the pump. High temperatures can lead to demagnetization of the magnets, reducing their magnetic strength and efficiency. Conversely, low temperatures can cause the brittleness and mechanical failure of certain materials used in pump construction.

Opportunity:

Technological advancements

Advancements in pump design and engineering have led to the development of more compact, efficient, and versatile magnetic drive sealless pumps. These pumps offer higher flow rates, greater pressure capabilities, and improved energy efficiency, allowing industries to optimize their fluid handling processes and reduce operating costs. Additionally, innovations in monitoring and control systems enable real-time performance monitoring, predictive maintenance, and remote operation of magnetic drive sealless pumps, enhancing reliability and reducing downtime. These factors drive market demand.

Threat:

Competition from traditional pumps

While magnetic drive sealless pumps offer numerous benefits, such as enhanced safety, reduced risk of leaks, and hermetic operation, they face stiff competition from conventional pumps equipped with mechanical seals. Traditional pumps with mechanical seals have long been established in the market and are widely used across various industries due to their lower initial costs, simplicity, and familiarity among operators. Therefore, competition from traditional pumps is a significant factor hampering market demand.

Covid-19 Impact

The COVID-19 pandemic had a multifaceted impact on the magnetic drive sealless pump market. Initially, the widespread disruptions to global supply chains caused by lockdowns and restrictions on movement affected the production and distribution of these pumps, leading to delays in delivery and installation for many projects. Additionally, the economic uncertainty resulting from the pandemic led to a slowdown in capital expenditure across various industries, including manufacturing, chemicals, and pharmaceuticals, which are key end-users of magnetic drive sealless pumps.

The magnetic drive centrifugal pumps segment is expected to be the largest during the forecast period

The magnetic drive centrifugal pumps segment is estimated to hold the largest share. These pumps operate on the principle of magnetic coupling, where magnets transmit torque from the motor to the impeller without the need for a mechanical shaft seal. This innovative design ensures a hermetically sealed pump chamber, eliminating the risk of fluid leakage and minimizing environmental hazards. Furthermore, magnetic drive centrifugal pumps offer precise fluid control and efficient energy utilization, contributing to overall process optimization and productivity improvements.

The pharmaceuticals segment is expected to have the highest CAGR during the forecast period

The pharmaceuticals segment is anticipated to have lucrative growth during the forecast period. These pumps offer several advantages that make them well-suited for pharmaceutical applications. Their sealless design eliminates the risk of fluid leakage, preventing contamination of sensitive pharmaceutical products and ensuring product purity and integrity. This is particularly crucial in pharmaceutical manufacturing, where even minute impurities can compromise product quality and patient safety. Overall, the reliability, safety, and precision offered by magnetic drive sealless pumps make them indispensable in pharmaceutical manufacturing processes.

Region with largest share:

North America commanded the largest market share during the extrapolated period. North America boasts a robust industrial infrastructure and a strong focus on technological innovation and environmental sustainability, driving the adoption of advanced fluid handling solutions like magnetic drive sealless pumps. Additionally, the region's emphasis on reducing carbon emissions and minimizing environmental impact aligns with the eco-friendly nature of magnetic drive sealless pumps, contributing to their growing popularity.

Region with highest CAGR:

Europe is expected to witness profitable growth over the projection period. The region's strong emphasis on environmental protection and workplace safety drives the demand for sealless pumps known for their leak-free operation and reduced environmental impact. Furthermore, Europe's strong tradition of engineering excellence and innovation fosters the development of cutting-edge pump technologies, positioning the region as a key driver of advancements within the magnetic drive sealless pump market.

Key players in the market

Some of the key players in the Magnetic Drive Sealless Pumps Market include Sulzer AG, Flowserve Corp, Klaus Union, Grundfos, Ebara corp, Ruhrpumpen Group, KSB SE & Co. KGaA, Wilo SE, Xylem Inc., Kirloskar Brothers Limited, Iwaki Co. Ltd., Grundfos Pumps Corporation and Teikoku Electric Mfg. Co. Ltd.

Key Developments:

In April 2023, Sulzer and Siemens LDA announced digital collaboration to provide operators of large centrifugal pumps with an enhanced digital value proposition: Bringing together their respective IoT-platforms and services, BLUE BOX™ and SIDRIVE IQ, the two companies are collaborating to deliver an integrated solution that improves equipment reliability and cuts operations costs.

In January 2023, Xylem and Idrica partner to accelerate digital transformation of water utilities. As part of the partnership, the companies will offer an integrated software and analytics platform – Xylem Vue powered by GoAigua – that enables water and wastewater utilities to connect and manage their digital assets and streamline operations in a simple, secure and holistic view.

In November 2022, Sulzer collaboration with Blue Planet to continue the development of highly innovative carbon capture and storage technology. The ground-breaking mineralization process permanently stores carbon emissions captured from heavy industries in aggregate form, which can then be used to produce carbon-negative concrete.

Product Types Covered:
• Magnetic Drive Diaphragm Pumps 
• Magnetic Drive Centrifugal Pumps 
• Magnetic Drive Gear Pumps 
• Other Product Types 

Flow Rates Covered:
• Up to 80 m3/hr
• 81 to 200 m3/hr
• 201 to 500 m3/hr
• Above 501 m3/hr

Applications Covered:
• Cooling Systems
• Reactor Feeds
• Chemical Transfer
• Circulation Systems
• Solvent Transfer
• Other Applications

End Users Covered:
• Pharmaceuticals
• Power Generation
• Petrochemical Refineries
• Food & Beverage
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary           
            
2 Preface           
 2.1 Abstract          
 2.2 Stake Holders          
 2.3 Research Scope          
 2.4 Research Methodology          
  2.4.1 Data Mining         
  2.4.2 Data Analysis         
  2.4.3 Data Validation         
  2.4.4 Research Approach         
 2.5 Research Sources          
  2.5.1 Primary Research Sources         
  2.5.2 Secondary Research Sources         
  2.5.3 Assumptions         
            
3 Market Trend Analysis           
 3.1 Introduction          
 3.2 Drivers          
 3.3 Restraints          
 3.4 Opportunities          
 3.5 Threats          
 3.6 Product Analysis          
 3.7 Application Analysis          
 3.8 End User Analysis          
 3.9 Emerging Markets          
 3.10 Impact of Covid-19          
            
4 Porters Five Force Analysis           
 4.1 Bargaining power of suppliers          
 4.2 Bargaining power of buyers          
 4.3 Threat of substitutes          
 4.4 Threat of new entrants          
 4.5 Competitive rivalry          
            
5 Global Magnetic Drive Sealless Pumps Market, By Product Type           
 5.1 Introduction          
 5.2 Magnetic Drive Diaphragm Pumps          
 5.3 Magnetic Drive Centrifugal Pumps          
 5.4 Magnetic Drive Gear Pumps          
 5.5 Other Product Types          
            
6 Global Magnetic Drive Sealless Pumps Market, By Flow Rate           
 6.1 Introduction          
 6.2 Up to 80 m3/hr          
 6.3 81 to 200 m3/hr          
 6.4 201 to 500 m3/hr          
 6.5 Above 501 m3/hr          
            
7 Global Magnetic Drive Sealless Pumps Market, By Application           
 7.1 Introduction          
 7.2 Cooling Systems          
 7.3 Reactor Feeds          
 7.4 Chemical Transfer          
 7.5 Circulation Systems          
 7.6 Solvent Transfer          
 7.7 Other Applications          
            
8 Global Magnetic Drive Sealless Pumps Market, By End User           
 8.1 Introduction          
 8.2 Pharmaceuticals          
 8.3 Power Generation          
 8.4 Petrochemical Refineries          
 8.5 Food & Beverage          
 8.6 Other End Users          
            
9 Global Magnetic Drive Sealless Pumps Market, By Geography           
 9.1 Introduction          
 9.2 North America          
  9.2.1 US         
  9.2.2 Canada         
  9.2.3 Mexico         
 9.3 Europe          
  9.3.1 Germany         
  9.3.2 UK         
  9.3.3 Italy         
  9.3.4 France         
  9.3.5 Spain         
  9.3.6 Rest of Europe         
 9.4 Asia Pacific          
  9.4.1 Japan         
  9.4.2 China         
  9.4.3 India         
  9.4.4 Australia         
  9.4.5 New Zealand         
  9.4.6 South Korea         
  9.4.7 Rest of Asia Pacific         
 9.5 South America          
  9.5.1 Argentina         
  9.5.2 Brazil         
  9.5.3 Chile         
  9.5.4 Rest of South America         
 9.6 Middle East & Africa          
  9.6.1 Saudi Arabia         
  9.6.2 UAE         
  9.6.3 Qatar         
  9.6.4 South Africa         
  9.6.5 Rest of Middle East & Africa         
            
10 Key Developments           
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures          
 10.2 Acquisitions & Mergers          
 10.3 New Product Launch          
 10.4 Expansions          
 10.5 Other Key Strategies          
            
11 Company Profiling           
 11.1 Sulzer AG          
 11.2 Flowserve Corp          
 11.3 Klaus Union          
 11.4 Grundfos          
 11.5 Ebara corp          
 11.6 Ruhrpumpen Group          
 11.7 KSB SE & Co. KGaA          
 11.8 Wilo SE          
 11.9 Xylem Inc.          
 11.10 Kirloskar Brothers Limited          
 11.11 Iwaki Co. Ltd.          
 11.12 Grundfos Pumps Corporation          
 11.13 Teikoku Electric Mfg. Co. Ltd.          
            
List of Tables            
1 Global Magnetic Drive Sealless Pumps Market Outlook, By Region (2021-2030) ($MN)           
2 Global Magnetic Drive Sealless Pumps Market Outlook, By Product Type (2021-2030) ($MN)           
3 Global Magnetic Drive Sealless Pumps Market Outlook, By Magnetic Drive Diaphragm Pumps (2021-2030) ($MN)           
4 Global Magnetic Drive Sealless Pumps Market Outlook, By Magnetic Drive Centrifugal Pumps (2021-2030) ($MN)           
5 Global Magnetic Drive Sealless Pumps Market Outlook, By Magnetic Drive Gear Pumps (2021-2030) ($MN)           
6 Global Magnetic Drive Sealless Pumps Market Outlook, By Other Product Types (2021-2030) ($MN)           
7 Global Magnetic Drive Sealless Pumps Market Outlook, By Flow Rate (2021-2030) ($MN)           
8 Global Magnetic Drive Sealless Pumps Market Outlook, By Up to 80 m3/hr (2021-2030) ($MN)           
9 Global Magnetic Drive Sealless Pumps Market Outlook, By 81 to 200 m3/hr (2021-2030) ($MN)           
10 Global Magnetic Drive Sealless Pumps Market Outlook, By 201 to 500 m3/hr (2021-2030) ($MN)           
11 Global Magnetic Drive Sealless Pumps Market Outlook, By Above 501 m3/hr (2021-2030) ($MN)           
12 Global Magnetic Drive Sealless Pumps Market Outlook, By Application (2021-2030) ($MN)           
13 Global Magnetic Drive Sealless Pumps Market Outlook, By Cooling Systems (2021-2030) ($MN)           
14 Global Magnetic Drive Sealless Pumps Market Outlook, By Reactor Feeds (2021-2030) ($MN)           
15 Global Magnetic Drive Sealless Pumps Market Outlook, By Chemical Transfer (2021-2030) ($MN)           
16 Global Magnetic Drive Sealless Pumps Market Outlook, By Circulation Systems (2021-2030) ($MN)           
17 Global Magnetic Drive Sealless Pumps Market Outlook, By Solvent Transfer (2021-2030) ($MN)           
18 Global Magnetic Drive Sealless Pumps Market Outlook, By Other Applications (2021-2030) ($MN)           
19 Global Magnetic Drive Sealless Pumps Market Outlook, By End User (2021-2030) ($MN)           
20 Global Magnetic Drive Sealless Pumps Market Outlook, By Pharmaceuticals (2021-2030) ($MN)           
21 Global Magnetic Drive Sealless Pumps Market Outlook, By Power Generation (2021-2030) ($MN)           
22 Global Magnetic Drive Sealless Pumps Market Outlook, By Petrochemical Refineries (2021-2030) ($MN)           
23 Global Magnetic Drive Sealless Pumps Market Outlook, By Food & Beverage (2021-2030) ($MN)           
24 Global Magnetic Drive Sealless Pumps Market Outlook, By Other End Users (2021-2030) ($MN)           
25 North America Magnetic Drive Sealless Pumps Market Outlook, By Country (2021-2030) ($MN)           
26 North America Magnetic Drive Sealless Pumps Market Outlook, By Product Type (2021-2030) ($MN)           
27 North America Magnetic Drive Sealless Pumps Market Outlook, By Magnetic Drive Diaphragm Pumps (2021-2030) ($MN)           
28 North America Magnetic Drive Sealless Pumps Market Outlook, By Magnetic Drive Centrifugal Pumps (2021-2030) ($MN)           
29 North America Magnetic Drive Sealless Pumps Market Outlook, By Magnetic Drive Gear Pumps (2021-2030) ($MN)           
30 North America Magnetic Drive Sealless Pumps Market Outlook, By Other Product Types (2021-2030) ($MN)           
31 North America Magnetic Drive Sealless Pumps Market Outlook, By Flow Rate (2021-2030) ($MN)           
32 North America Magnetic Drive Sealless Pumps Market Outlook, By Up to 80 m3/hr (2021-2030) ($MN)           
33 North America Magnetic Drive Sealless Pumps Market Outlook, By 81 to 200 m3/hr (2021-2030) ($MN)           
34 North America Magnetic Drive Sealless Pumps Market Outlook, By 201 to 500 m3/hr (2021-2030) ($MN)           
35 North America Magnetic Drive Sealless Pumps Market Outlook, By Above 501 m3/hr (2021-2030) ($MN)           
36 North America Magnetic Drive Sealless Pumps Market Outlook, By Application (2021-2030) ($MN)           
37 North America Magnetic Drive Sealless Pumps Market Outlook, By Cooling Systems (2021-2030) ($MN)           
38 North America Magnetic Drive Sealless Pumps Market Outlook, By Reactor Feeds (2021-2030) ($MN)           
39 North America Magnetic Drive Sealless Pumps Market Outlook, By Chemical Transfer (2021-2030) ($MN)           
40 North America Magnetic Drive Sealless Pumps Market Outlook, By Circulation Systems (2021-2030) ($MN)           
41 North America Magnetic Drive Sealless Pumps Market Outlook, By Solvent Transfer (2021-2030) ($MN)           
42 North America Magnetic Drive Sealless Pumps Market Outlook, By Other Applications (2021-2030) ($MN)           
43 North America Magnetic Drive Sealless Pumps Market Outlook, By End User (2021-2030) ($MN)           
44 North America Magnetic Drive Sealless Pumps Market Outlook, By Pharmaceuticals (2021-2030) ($MN)           
45 North America Magnetic Drive Sealless Pumps Market Outlook, By Power Generation (2021-2030) ($MN)           
46 North America Magnetic Drive Sealless Pumps Market Outlook, By Petrochemical Refineries (2021-2030) ($MN)           
47 North America Magnetic Drive Sealless Pumps Market Outlook, By Food & Beverage (2021-2030) ($MN)           
48 North America Magnetic Drive Sealless Pumps Market Outlook, By Other End Users (2021-2030) ($MN)           
49 Europe Magnetic Drive Sealless Pumps Market Outlook, By Country (2021-2030) ($MN)           
50 Europe Magnetic Drive Sealless Pumps Market Outlook, By Product Type (2021-2030) ($MN)           
51 Europe Magnetic Drive Sealless Pumps Market Outlook, By Magnetic Drive Diaphragm Pumps (2021-2030) ($MN)           
52 Europe Magnetic Drive Sealless Pumps Market Outlook, By Magnetic Drive Centrifugal Pumps (2021-2030) ($MN)           
53 Europe Magnetic Drive Sealless Pumps Market Outlook, By Magnetic Drive Gear Pumps (2021-2030) ($MN)           
54 Europe Magnetic Drive Sealless Pumps Market Outlook, By Other Product Types (2021-2030) ($MN)           
55 Europe Magnetic Drive Sealless Pumps Market Outlook, By Flow Rate (2021-2030) ($MN)           
56 Europe Magnetic Drive Sealless Pumps Market Outlook, By Up to 80 m3/hr (2021-2030) ($MN)           
57 Europe Magnetic Drive Sealless Pumps Market Outlook, By 81 to 200 m3/hr (2021-2030) ($MN)           
58 Europe Magnetic Drive Sealless Pumps Market Outlook, By 201 to 500 m3/hr (2021-2030) ($MN)           
59 Europe Magnetic Drive Sealless Pumps Market Outlook, By Above 501 m3/hr (2021-2030) ($MN)           
60 Europe Magnetic Drive Sealless Pumps Market Outlook, By Application (2021-2030) ($MN)           
61 Europe Magnetic Drive Sealless Pumps Market Outlook, By Cooling Systems (2021-2030) ($MN)           
62 Europe Magnetic Drive Sealless Pumps Market Outlook, By Reactor Feeds (2021-2030) ($MN)           
63 Europe Magnetic Drive Sealless Pumps Market Outlook, By Chemical Transfer (2021-2030) ($MN)           
64 Europe Magnetic Drive Sealless Pumps Market Outlook, By Circulation Systems (2021-2030) ($MN)           
65 Europe Magnetic Drive Sealless Pumps Market Outlook, By Solvent Transfer (2021-2030) ($MN)           
66 Europe Magnetic Drive Sealless Pumps Market Outlook, By Other Applications (2021-2030) ($MN)           
67 Europe Magnetic Drive Sealless Pumps Market Outlook, By End User (2021-2030) ($MN)           
68 Europe Magnetic Drive Sealless Pumps Market Outlook, By Pharmaceuticals (2021-2030) ($MN)           
69 Europe Magnetic Drive Sealless Pumps Market Outlook, By Power Generation (2021-2030) ($MN)           
70 Europe Magnetic Drive Sealless Pumps Market Outlook, By Petrochemical Refineries (2021-2030) ($MN)           
71 Europe Magnetic Drive Sealless Pumps Market Outlook, By Food & Beverage (2021-2030) ($MN)           
72 Europe Magnetic Drive Sealless Pumps Market Outlook, By Other End Users (2021-2030) ($MN)           
73 Asia Pacific Magnetic Drive Sealless Pumps Market Outlook, By Country (2021-2030) ($MN)           
74 Asia Pacific Magnetic Drive Sealless Pumps Market Outlook, By Product Type (2021-2030) ($MN)           
75 Asia Pacific Magnetic Drive Sealless Pumps Market Outlook, By Magnetic Drive Diaphragm Pumps (2021-2030) ($MN)           
76 Asia Pacific Magnetic Drive Sealless Pumps Market Outlook, By Magnetic Drive Centrifugal Pumps (2021-2030) ($MN)           
77 Asia Pacific Magnetic Drive Sealless Pumps Market Outlook, By Magnetic Drive Gear Pumps (2021-2030) ($MN)           
78 Asia Pacific Magnetic Drive Sealless Pumps Market Outlook, By Other Product Types (2021-2030) ($MN)           
79 Asia Pacific Magnetic Drive Sealless Pumps Market Outlook, By Flow Rate (2021-2030) ($MN)           
80 Asia Pacific Magnetic Drive Sealless Pumps Market Outlook, By Up to 80 m3/hr (2021-2030) ($MN)           
81 Asia Pacific Magnetic Drive Sealless Pumps Market Outlook, By 81 to 200 m3/hr (2021-2030) ($MN)           
82 Asia Pacific Magnetic Drive Sealless Pumps Market Outlook, By 201 to 500 m3/hr (2021-2030) ($MN)           
83 Asia Pacific Magnetic Drive Sealless Pumps Market Outlook, By Above 501 m3/hr (2021-2030) ($MN)           
84 Asia Pacific Magnetic Drive Sealless Pumps Market Outlook, By Application (2021-2030) ($MN)           
85 Asia Pacific Magnetic Drive Sealless Pumps Market Outlook, By Cooling Systems (2021-2030) ($MN)           
86 Asia Pacific Magnetic Drive Sealless Pumps Market Outlook, By Reactor Feeds (2021-2030) ($MN)           
87 Asia Pacific Magnetic Drive Sealless Pumps Market Outlook, By Chemical Transfer (2021-2030) ($MN)           
88 Asia Pacific Magnetic Drive Sealless Pumps Market Outlook, By Circulation Systems (2021-2030) ($MN)           
89 Asia Pacific Magnetic Drive Sealless Pumps Market Outlook, By Solvent Transfer (2021-2030) ($MN)           
90 Asia Pacific Magnetic Drive Sealless Pumps Market Outlook, By Other Applications (2021-2030) ($MN)           
91 Asia Pacific Magnetic Drive Sealless Pumps Market Outlook, By End User (2021-2030) ($MN)           
92 Asia Pacific Magnetic Drive Sealless Pumps Market Outlook, By Pharmaceuticals (2021-2030) ($MN)           
93 Asia Pacific Magnetic Drive Sealless Pumps Market Outlook, By Power Generation (2021-2030) ($MN)           
94 Asia Pacific Magnetic Drive Sealless Pumps Market Outlook, By Petrochemical Refineries (2021-2030) ($MN)           
95 Asia Pacific Magnetic Drive Sealless Pumps Market Outlook, By Food & Beverage (2021-2030) ($MN)           
96 Asia Pacific Magnetic Drive Sealless Pumps Market Outlook, By Other End Users (2021-2030) ($MN)           
97 South America Magnetic Drive Sealless Pumps Market Outlook, By Country (2021-2030) ($MN)           
98 South America Magnetic Drive Sealless Pumps Market Outlook, By Product Type (2021-2030) ($MN)           
99 South America Magnetic Drive Sealless Pumps Market Outlook, By Magnetic Drive Diaphragm Pumps (2021-2030) ($MN)           
100 South America Magnetic Drive Sealless Pumps Market Outlook, By Magnetic Drive Centrifugal Pumps (2021-2030) ($MN)           
101 South America Magnetic Drive Sealless Pumps Market Outlook, By Magnetic Drive Gear Pumps (2021-2030) ($MN)           
102 South America Magnetic Drive Sealless Pumps Market Outlook, By Other Product Types (2021-2030) ($MN)           
103 South America Magnetic Drive Sealless Pumps Market Outlook, By Flow Rate (2021-2030) ($MN)           
104 South America Magnetic Drive Sealless Pumps Market Outlook, By Up to 80 m3/hr (2021-2030) ($MN)           
105 South America Magnetic Drive Sealless Pumps Market Outlook, By 81 to 200 m3/hr (2021-2030) ($MN)           
106 South America Magnetic Drive Sealless Pumps Market Outlook, By 201 to 500 m3/hr (2021-2030) ($MN)           
107 South America Magnetic Drive Sealless Pumps Market Outlook, By Above 501 m3/hr (2021-2030) ($MN)           
108 South America Magnetic Drive Sealless Pumps Market Outlook, By Application (2021-2030) ($MN)           
109 South America Magnetic Drive Sealless Pumps Market Outlook, By Cooling Systems (2021-2030) ($MN)           
110 South America Magnetic Drive Sealless Pumps Market Outlook, By Reactor Feeds (2021-2030) ($MN)           
111 South America Magnetic Drive Sealless Pumps Market Outlook, By Chemical Transfer (2021-2030) ($MN)           
112 South America Magnetic Drive Sealless Pumps Market Outlook, By Circulation Systems (2021-2030) ($MN)           
113 South America Magnetic Drive Sealless Pumps Market Outlook, By Solvent Transfer (2021-2030) ($MN)           
114 South America Magnetic Drive Sealless Pumps Market Outlook, By Other Applications (2021-2030) ($MN)           
115 South America Magnetic Drive Sealless Pumps Market Outlook, By End User (2021-2030) ($MN)           
116 South America Magnetic Drive Sealless Pumps Market Outlook, By Pharmaceuticals (2021-2030) ($MN)           
117 South America Magnetic Drive Sealless Pumps Market Outlook, By Power Generation (2021-2030) ($MN)           
118 South America Magnetic Drive Sealless Pumps Market Outlook, By Petrochemical Refineries (2021-2030) ($MN)           
119 South America Magnetic Drive Sealless Pumps Market Outlook, By Food & Beverage (2021-2030) ($MN)           
120 South America Magnetic Drive Sealless Pumps Market Outlook, By Other End Users (2021-2030) ($MN)           
121 Middle East & Africa Magnetic Drive Sealless Pumps Market Outlook, By Country (2021-2030) ($MN)           
122 Middle East & Africa Magnetic Drive Sealless Pumps Market Outlook, By Product Type (2021-2030) ($MN)           
123 Middle East & Africa Magnetic Drive Sealless Pumps Market Outlook, By Magnetic Drive Diaphragm Pumps (2021-2030) ($MN)           
124 Middle East & Africa Magnetic Drive Sealless Pumps Market Outlook, By Magnetic Drive Centrifugal Pumps (2021-2030) ($MN)           
125 Middle East & Africa Magnetic Drive Sealless Pumps Market Outlook, By Magnetic Drive Gear Pumps (2021-2030) ($MN)           
126 Middle East & Africa Magnetic Drive Sealless Pumps Market Outlook, By Other Product Types (2021-2030) ($MN)           
127 Middle East & Africa Magnetic Drive Sealless Pumps Market Outlook, By Flow Rate (2021-2030) ($MN)           
128 Middle East & Africa Magnetic Drive Sealless Pumps Market Outlook, By Up to 80 m3/hr (2021-2030) ($MN)           
129 Middle East & Africa Magnetic Drive Sealless Pumps Market Outlook, By 81 to 200 m3/hr (2021-2030) ($MN)           
130 Middle East & Africa Magnetic Drive Sealless Pumps Market Outlook, By 201 to 500 m3/hr (2021-2030) ($MN)           
131 Middle East & Africa Magnetic Drive Sealless Pumps Market Outlook, By Above 501 m3/hr (2021-2030) ($MN)           
132 Middle East & Africa Magnetic Drive Sealless Pumps Market Outlook, By Application (2021-2030) ($MN)           
133 Middle East & Africa Magnetic Drive Sealless Pumps Market Outlook, By Cooling Systems (2021-2030) ($MN)           
134 Middle East & Africa Magnetic Drive Sealless Pumps Market Outlook, By Reactor Feeds (2021-2030) ($MN)           
135 Middle East & Africa Magnetic Drive Sealless Pumps Market Outlook, By Chemical Transfer (2021-2030) ($MN)           
136 Middle East & Africa Magnetic Drive Sealless Pumps Market Outlook, By Circulation Systems (2021-2030) ($MN)           
137 Middle East & Africa Magnetic Drive Sealless Pumps Market Outlook, By Solvent Transfer (2021-2030) ($MN)           
138 Middle East & Africa Magnetic Drive Sealless Pumps Market Outlook, By Other Applications (2021-2030) ($MN)           
139 Middle East & Africa Magnetic Drive Sealless Pumps Market Outlook, By End User (2021-2030) ($MN)           
140 Middle East & Africa Magnetic Drive Sealless Pumps Market Outlook, By Pharmaceuticals (2021-2030) ($MN)           
141 Middle East & Africa Magnetic Drive Sealless Pumps Market Outlook, By Power Generation (2021-2030) ($MN)           
142 Middle East & Africa Magnetic Drive Sealless Pumps Market Outlook, By Petrochemical Refineries (2021-2030) ($MN)           
143 Middle East & Africa Magnetic Drive Sealless Pumps Market Outlook, By Food & Beverage (2021-2030) ($MN)           
144 Middle East & Africa Magnetic Drive Sealless Pumps Market Outlook, By Other End Users (2021-2030) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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