PUBLISHER: Meticulous Research | PRODUCT CODE: 1576483
PUBLISHER: Meticulous Research | PRODUCT CODE: 1576483
Sealless pumps Market by Product (Magnetic-Driven Pumps, Canned Motor Pumps), Flow Rate, Application (Chemical Transfer, Cooling Systems), End User (Chemical, Pharmaceutical, and Power Generation), and Geography-Global Forecast to 2031.
The research report titled 'Sealless pumps market by Product (Magnetic-Driven Pumps, Canned Motor Pumps), Flow Rate, Application (Chemical Transfer, Cooling Systems), End User (Chemical, Pharmaceutical, and Power Generation) and Geography-Global Forecast to 2031' provides an in-depth analysis of sealless pumps market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.
The sealless pumps market is projected to reach $8.2 billion by 2031, at a CAGR of 10.6% from 2024 to 2031.
The growth of the sealless pumps market is fueled by the rising demand for sealless pumps in the food and beverage industries, an increasing preference for magnetically coupled pumps, and a growing need for canned motor pumps within the chemical industry. Additionally, the increasing adoption of sealless pumps in the pharmaceutical industry, along with their growing popularity in the power generation sector, is anticipated to create significant growth opportunities for market stakeholders. However, the high power consumption associated with magnetic-driven pumps is a major challenge impacting market growth. Moreover, the emergence of intelligent pump systems and micro disc pump technology, the advancement of smart sealless pumps, and the expansion into high-precision applications are prominent trends in this market.
The sealless pumps market is segmented by product (magnetic-driven pumps {magnetic-driven centrifugal pumps [single stage magnetic-driven pumps (plastic lined magnetic-driven pumps, all plastic magnetic-driven pumps, API 585 magnetic-driven pumps, and vertical suspended magnetic-driven pumps), multistage magnetic-driven pumps, magnetic-driven gear pumps, and magnetic-driven internal bearing screw pumps]}, canned motor pumps { canned motor radial pumps [single stage radial pumps, multistage radial pumps], plastic lined canned motor pumps. Canned motor side channel pumps, all plastic canned motor pumps, API 585 canned motor pumps}), flow rate (up to 80 m3/hr, 81 to 150 m3/hr, 150 to 250 m3/hr, 250 to 350 m3/hr, above 351 m3/hr), application (cooling systems, reactor feeds, chemical transfer, circulation systems, solvent transfer, and other applications), and end user (chemical, oil & gas, power generation, food & beverage, pharmaceutical, mining, petrochemical refineries, and other end users). The study also evaluates industry competitors and analyses the market at the regional and country levels.
Based on product, the sealless pumps market is segmented into magnetic-driven pumps and canned motor pumps. In 2024, the magnetic-driven pumps segment is expected to account for the largest share of over 64.0% of the market. This segment's large market share is driven by the growing adoption of magnetically driven pumps across various industrial applications, the demand for magnetically coupled pumps, and an increasing need for effective and environmentally friendly fluid handling solutions. However, the canned motor pumps segment is poised to register the highest CAGR during the forecast period.
Based on flow rate, the sealless pumps market is segmented into up to 80 m3/hr, 81 to 150 m3/hr, 150 to 250 m3/hr,250 to 350 m3/hr, and above 351 m3/hr. In 2024, the 150 to 250 m3/hr segment is expected to account for the largest share of over 28.0% of the sealless pumps market. This segment's large market share is attributed to the increasing focus on energy-efficient pumps, the rising demand for reliable and efficient sealless pumps, and several advantages such as dependable performance, durability, flow stability, energy efficiency, and precise flow control. Moreover, the 150 to 250 m3/hr segment is poised to register the highest CAGR during the forecast period.
Based on application, the sealless pumps market is segmented into cooling systems, reactor feeds, chemical transfer, circulation systems, solvent transfer, and other applications. In 2024, the chemical transfer segment is expected to account for the largest share of over 32.0% of the market. The chemical transfer segment is poised to register a higher CAGR during the forecast period. The rapid growth of this segment is driven by the increasing utilization of high-purity chemical applications, rising demand for leak containment and prevention solutions, and a growing need for the safe and efficient management of hazardous, corrosive, and high-value fluids.
Based on end user, the sealless pumps market is segmented into chemical, oil & gas, power generation, food & beverage, pharmaceutical, mining, petrochemical refineries, and other end users. In 2024, the chemical segment is expected to account for the largest share of over 34.0% of the market. The growing adoption of magnetic-driven pumps in applications including chemical synthesis, filtration, and recirculation drives this segment's large market share. Additionally, there is an increasing emphasis on sustainable practices and energy efficiency, along with a rising demand for reliable, maintenance-free pumping solutions. However, the pharmaceutical segment is poised to register the highest CAGR during the forecast period.
Based on geography, the sealless pumps market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of over 45.0% of the market. Asia-Pacific's substantial market share is driven by the presence of leading sealless pump manufacturers, rising demand for energy-efficient and environmentally friendly pumps across multiple industries, and the growing adoption of sealless magnetic drive pumps in the pharmaceutical sector. Additionally, significant investments by key market players in the development of advanced smart sealless pump technology are further contributing to this growth. Moreover, the Asia-Pacific market is poised to register the highest CAGR of over 11.5% during the forecast period.
The key players operating in the Sealless pumps market are IDEX Corporation (U.S.), Flowserve Corporation (U.S.), KSB SE & Co. KGaA (Germany), IWAKI Co., Ltd. (Japan), ITT Goulds Pumps (U.S.), Kirloskar Brothers Limited (India), Teikoku Electric Mfg. Co" Ltd. (Japan), Nikkiso Co., Ltd. (Japan), Klaus Union (U.S.), Sundyne (U.S.), CP Pumpen AG (Switzerland), HERMETIC-Pumpen GmbH (Germany), March Manufacturing Inc. (U.S.), OPTIMEX (France), Dandong Colossus CQ Ltd (China), Dickow Pumpen GmbH & Co. KG (Germany), and Richter Chemie-Technik GmbH (Germany).
Sealless Pumps Market Assessment- by Product
Sealless Pumps Market Assessment-by Flow Rate
Sealless Pumps Market Assessment-by Application
Sealless Pumps Market Assessment-by End User
Sealless Pumps Market Assessment-by Geography
(*Note: SWOT analysis will be provided for the top 5 companies.)