Magnetic Drive Pumps Market Size, Trends & Share Analysis 2028

Summary

Report Description

Global magnetic drive pumps market is expected to grow during the forecast period due to the rising chemical & water industry.

A magnetic drive pump is a magnetic drive chemical process pump design that does not require a shaft seal. This significantly reduces initial pump costs and daily running costs because there is no need to install mechanical seals, seal fluid reservoirs, or cooling lines. Motor drives and pump drives are connected via a magnetic connection that works through an insulating jacket. This means there are no direct or indirect escape paths for liquids or gases that can pose a hazard to the operator or the environment.

Magnetic drive pumps are available in a variety of materials of construction, including cast iron/ductile iron, 316 stainless steel, and Hastelloy. Due to its versatile application options, this type of pump contributes to technical standardization in process engineering. Magnetic drive pumps are available in direct coupling and long coupling (frame mounted) configurations.

Volatile organic compounds (VOCs) and volatile hazardous air pollutants (VHAPs) are major concerns for facilities that use pumps to transfer chemicals. These transient emissions wreak havoc on operations if the pump does not effectively prevent leaks. Pump owners will be held accountable and run the risk of failing compliance tests as a result of these emissions, which will also be harmful to employees and the general public.. Magnetic drive pumps prevent leaks and help businesses comply with local, state, federal health, and safety standards. This improves overall plant safety and reduces the potential for non-compliance fines and shutdown orders.

Growing Adoption of Leakproof Systems

Eliminating leaks greatly improves pump reliability and performance, preventing unplanned repairs and downtime. This is one of the main factors leading to the increasing demand for magnetic drive pumps. Its ability to prevent leaks and prevent harmful liquids from entering the final product should offer strong growth prospects for the global magnetic drive pumps market. Fluid leaks not only increase overall maintenance costs, but also have a negative impact on the environment. Due to oil and chemical leakage from various hydraulic pumps due to seal damage, it is expected that other pumps will be replaced with electromagnetic couplings. Environmental concerns have prompted pump manufacturers to adopt cleaner technologies. The lack of seals and pumped fluid being completely confined within the confines of the pump housing increases the demand for magnetically driven pumps.

Dry running is one of the most common causes of pump failure. Operator error or system failure may allow the pump to run continuously without liquid. Running many pumps dry can quickly damage or destroy them. This is not the case with some designs of magnetic drive pumps. Many Finnish Thompson magnetic drive pumps can easily run dry for hours. In production applications where pumps are not constantly monitored, this dry-running feature can eliminate the risk of pump failure and associated costs.

The environmental and safety impact of fluid handling solutions is one of the key considerations when purchasing, using, and maintaining a new pump. Magnetically driven pumps are still firmly used for corrosive chemical applications. These pumps have improved corrosion resistance and dry running capability under the most severe conditions. Environment-friendly technology has created a huge demand for magnetically driven pumps in the production of biodiesel fuel where the mixture of solvents and corrosive causes sealing problems. Magnetic drive pumps help prevent volatile hazardous air pollutants (VHAPs) and volatile organic compounds (VOCs) from leaking. Therefore, magnetic drive pumps can help businesses comply with new state, local, and federal health and safety standards and regulations and avoid costly fines. Emissions regulations and standards continue to be the trending factor behind the growing popularity of the global magnetic drive pumps market.

Technological Advancements in the Form of Sealless Pumps

Despite being in use for many years, sealless magnetic drive pumps are still a specialized solution for handling dangerous pumping applications. Compared to conventional sealed pump designs, sealless magnetic drive pumps have fewer leak routes and more reliable components. The electric motor that powers magnetic drive pumps is a typical electric motor. It can have a flexible coupling that supports the outer magnet assembly rather than the impeller and uses a bearing housing arrangement similar to those found in sealed pumps, or it can have a close-coupled design in which the outer magnet assembly is mounted directly to the motor shaft. The primary containment device serves as a containment shell that separates the exterior magnet assembly from the inner magnetic drive. In addition to the highest operating safety, minimal maintenance requirements, and adherence to stringent environmental standards, they provide plant engineering contractors and operators with a 100% leak-free pump. Since they have proven to be a more cost-effective solution for difficult-to-seal applications and the handling of hazardous, volatile, and aggressive chemicals, magnetic drive pumps are actually replacing centrifugal pumps with double mechanical seals.

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Latest Projects and Investments

In 2020, Amarinth received a USD1 million order from NAMA for 14 API 610 VS4 pumps with a Plan 53B seal support system for ADNOC Ruwais East Refinery in the United Arab Emirates. These pumps are installed at the Lewis East Refinery and used for closed drain operations, oil condensate transfer, and portable barrier fluid system blowdown drums. Depending on the specific task, these pumps are manufactured from stainless steel or carbon steel and are all ATEX Zone 2 compliant. These pumps also have custom-made baseplate to accommodate non-standard layouts of the Plan 53B seal retention system. The ADNOC Ruwais Refinery, located in Al Ruwais, 240 km west of Abu Dhabi city, is one of the world's largest petrochemical refineries with a production capacity of over 800,000 barrels per day.

In 2020, the API 685 magnetically driven horizontal pump was introduced to Sensia and was provided to offshore oil rigs in the Norwegian North Sea by Amarinth, a company that specializes in the design, application, and manufacturing of centrifugal pumps and related equipment for the oil & gas, petrochemical, LNG, chemical, industrial, power, and desalination markets. The Sensia monitor takes samples from the main process line as pump performance and process liquid sealing are critical. Amarinth began lateral thinking about how to keep the same fundamental centrifugal pump design while reducing the system's overall area. After evaluating several options, Amarinth suggested using his one of API 685 magnetic drive pumps instead of the original API 610 pump and Plan 53B seal retention system. The Amarinth API 685 magnetically driven pump is capable of providing exactly the same performance as the original API 610 pump, which was critical to the proper functioning of Sensia equipment, but in a much more compact design to fit facility space restrictions. The API 685 magnetic drive pump was manufactured to NORSOK M650 specifications from super duplex stainless steel and Amarinth built and delivered the pump within 28 weeks, including witness testing. The Edvard Grieg oil field is located approximately 150 km off the southwestern coast of Norway in 110 meters of water. Sensia provided a sampling and monitoring rig for the field rig, but it proved difficult to fit a standard API 610 horizontal pump with a Plan 53B seal support system in the very limited platform space.

Market Segmentation

The global magnetic drive pumps market is segmented on the basis of type, flow rate, material, application, and region. Based on type, the market is bifurcated into rotating shaft magnetic drive pumps and stationary shaft magnetic drive pumps. Based on flow rate, the market is further bifurcated into 81–200 m³/hr, Up to 80 m³/hr, 201–500 m³/hr, and >500 m³/hr. Based on material, the market is bifurcated into stainless steel, polypropylene, and others. Based on application, the market is bifurcated into chemical processing, water treatment, and others. Based on region, the market is further bifurcated into North America, Asia-Pacific, Europe, South America, and Middle East & Africa.

Market Players

Major market players in the global magnetic drive pumps market are Iwaki Co., Ltd, Sundyne LLC, Richter Chemie-Technik Gmbh, ITT Goulds Pumps Inc, Flowserve Corporation, Ebara Corporation, Ruhrpumpen Group, Xylem Inc, March Manufacturing Inc, and Kirloskar Brothers Limited.

Attribute	Details
Base Year	2022
Historic Data	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million and CAGR for 2018-2022 and 2023-2028
Report coverage	Revenue forecast, company share, growth factors, and trends
Segments covered	Type Flow Rate Material Application Region
Regional scope	North America, Asia-Pacific, Europe, South America, Middle East & Africa
Country scope	United States, Canada, Mexico, China, India, Japan, South Korea, Australia, Germany, United Kingdom, France, Spain, Italy, Brazil, Argentina, Colombia, Saudi Arabia, South Africa, UAE
Key companies profiled	Iwaki Co., Ltd, Sundyne LLC, Richter Chemie-Technik Gmbh, ITT Goulds Pumps Inc, Flowserve Corporation, Ebara Corporation, Ruhrpumpen Group, Xylem Inc, March Manufacturing Inc, Kirloskar Brothers Limited
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, the global magnetic drive pumps market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

· Magnetic Drive Pumps Market, By Type:

o Rotating Shaft Magnetic Drive Pumps

o Stationary Shaft Magnetic Drive Pumps

· Magnetic Drive Pumps Market, ByFlow Rate:

o 81–200 m³/hr

o Up to 80 m³/hr

o 201–500 m³/hr

o >500 m³/hr

· Magnetic Drive Pumps Market, ByMaterial:

o Stainless Steel

o Polypropylene

· Others Magnetic Drive Pumps Market, ByApplication:

o Chemical Processing

o Water Treatment

o Others

· Magnetic Drive Pumps Market, ByRegion:

o North America

§ United States

§ Canada

§ Mexico

o Asia-Pacific

§ China

§ India

§ Japan

§ South Korea

§ Australia

o Europe

§ Germany

§ United Kingdom

§ France

§ Spain

§ Italy

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East

§ Saudi Arabia

§ South Africa

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global magnetic drive pumps market.

Available Customizations:

With the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

The global magnetic drive pumps market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.3. Markets Covered

1.4. Years Considered for Study

1.5. Key Market Segmentations

2. Research Methodology

2.1. Baseline Methodology

2.2. Key Industry Partners

2.3. Major Association and Secondary Sources

2.4. Forecasting Methodology

2.5. Data Triangulation & Validation

2.6. Assumptions and Limitations

3. Executive Summary

4. Impact of COVID-19 on Global Magnetic Drive Pumps Market

5. Voice of Customers

5.1. Brand Awareness

5.2. Key factors for selecting vendor

5.3. Key satisfaction level

5.4. Key challenges faced

6. Global Magnetic Drive Pumps Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type (Rotating Shaft Magnetic Drive Pumps, Stationary Shaft Magnetic Drive Pumps)

6.2.2. By Flow Rate (81–200 m³/hr, Up to 80 m³/hr, 201–500 m³/hr, >500 m³/hr)

6.2.3. By Material (Stainless Steel, Polypropylene and Others)

6.2.4. By Application (Chemical Processing, Water Treatment and Others)

6.3. By Company (2022)

6.4. Market Map

7. North America Magnetic Drive Pumps Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Flow Rate

7.2.3. By Material

7.2.4. By Application

7.2.5. By Country

7.3. North America: Country Analysis

7.3.1. United States Magnetic Drive Pumps Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type

7.3.1.2.2. By Flow Rate

7.3.1.2.3. By Material

7.3.1.2.4. By Application

7.3.2. Canada Magnetic Drive Pumps Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type

7.3.2.2.2. By Flow Rate

7.3.2.2.3. By Material

7.3.2.2.4. By Application

7.3.3. Mexico Magnetic Drive Pumps Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Type

7.3.3.2.2. By Flow Rate

7.3.3.2.3. By Material

7.3.3.2.4. By Application

8. Asia-Pacific Magnetic Drive Pumps Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Flow Rate

8.2.3. By Material

8.2.4. By Application

8.2.5. By Country

8.3. Asia-Pacific: Country Analysis

8.3.1. China Magnetic Drive Pumps Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By Flow Rate

8.3.1.2.3. By Material

8.3.1.2.4. By Application

8.3.2. India Magnetic Drive Pumps Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Size & Forecast

8.3.2.2.1. By Type

8.3.2.2.2. By Flow Rate

8.3.2.2.3. By Material

8.3.2.2.4. By Application

8.3.3. Japan Magnetic Drive Pumps Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Size & Forecast

8.3.3.2.1. By Type

8.3.3.2.2. By Flow Rate

8.3.3.2.3. By Material

8.3.3.2.4. By Application

8.3.4. South Korea Magnetic Drive Pumps Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Size & Forecast

8.3.4.2.1. By Type

8.3.4.2.2. By Flow Rate

8.3.4.2.3. By Material

8.3.4.2.4. By Application

8.3.5. Australia Magnetic Drive Pumps Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Type

8.3.5.2.2. By Flow Rate

8.3.5.2.3. By Material

8.3.5.2.4. By Application

9. Europe Magnetic Drive Pumps Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Flow Rate

9.2.3. By Material

9.2.4. By Application

9.2.5. By Country

9.3. Europe: Country Analysis

9.3.1. Germany Magnetic Drive Pumps Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type

9.3.1.2.2. By Flow Rate

9.3.1.2.3. By Material

9.3.1.2.4. By Application

9.3.2. United Kingdom Magnetic Drive Pumps Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type

9.3.2.2.2. By Flow Rate

9.3.2.2.3. By Material

9.3.2.2.4. By Application

9.3.3. France Magnetic Drive Pumps Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type

9.3.3.2.2. By Flow Rate

9.3.3.2.3. By Material

9.3.3.2.4. By Application

9.3.4. Italy Magnetic Drive Pumps Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Type

9.3.4.2.2. By Flow Rate

9.3.4.2.3. By Material

9.3.4.2.4. By Application

9.3.5. Spain Magnetic Drive Pumps Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Type

9.3.5.2.2. By Flow Rate

9.3.5.2.3. By Material

9.3.5.2.4. By Application

10. South America Magnetic Drive Pumps Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Flow Rate

10.2.3. By Material

10.2.4. By Application

10.2.5. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Magnetic Drive Pumps Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type

10.3.1.2.2. By Flow Rate

10.3.1.2.3. By Material

10.3.1.2.4. By Application

10.3.2. Argentina Magnetic Drive Pumps Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type

10.3.2.2.2. By Flow Rate

10.3.2.2.3. By Material

10.3.2.2.4. By Application

10.3.3. Colombia Magnetic Drive Pumps Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type

10.3.3.2.2. By Flow Rate

10.3.3.2.3. By Material

10.3.3.2.4. By Application

11. Middle East & Africa Magnetic Drive Pumps Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Type

11.2.2. By Flow Rate

11.2.3. By Material

11.2.4. By Application

11.2.5. By Country

11.3. Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia Magnetic Drive Pumps Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Type

11.3.1.2.2. By Flow Rate

11.3.1.2.3. By Material

11.3.1.2.4. By Application

11.3.2. South Africa Magnetic Drive Pumps Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Type

11.3.2.2.2. By Flow Rate

11.3.2.2.3. By Material

11.3.2.2.4. By Application

11.3.3. UAE Magnetic Drive Pumps Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Type

11.3.3.2.2. By Flow Rate

11.3.3.2.3. By Material

11.3.3.2.4. By Application

12. Market Dynamics

12.1. Drivers

12.1.1. Leakproof System

13. Market Trends & Developments

13.1. Use in Biodiesel manufacturing

14. Company Profiles

14.1. Iwaki Co., Ltd

14.1.1. Business Overview

14.1.2. Key Revenue and Financials

14.1.3. Recent Developments

14.1.4. Key Personnel

14.1.5. Key Product/Services

14.2. Sundyne LLC

14.2.1. Business Overview

14.2.2. Key Revenue and Financials

14.2.3. Recent Developments

14.2.4. Key Personnel

14.2.5. Key Product/Services

14.3. Richter Chemie-Technik Gmbh

14.3.1. Business Overview

14.3.2. Key Revenue and Financials

14.3.3. Recent Developments

14.3.4. Key Personnel

14.3.5. Key Product/Services

14.4. ITT Goulds Pumps Inc

14.4.1. Business Overview

14.4.2. Key Revenue and Financials

14.4.3. Recent Developments

14.4.4. Key Personnel

14.4.5. Key Product/Services

14.5. Flowserve Corporation

14.5.1. Business Overview

14.5.2. Key Revenue and Financials

14.5.3. Recent Developments

14.5.4. Key Personnel

14.5.5. Key Product/Services

14.6. Ebara Corporation

14.6.1. Business Overview

14.6.2. Key Revenue and Financials

14.6.3. Recent Developments

14.6.4. Key Personnel

14.6.5. Key Product/Services

14.7. Ruhrpumpen Group

14.7.1. Business Overview

14.7.2. Key Revenue and Financials

14.7.3. Recent Developments

14.7.4. Key Personnel

14.7.5. Key Product/Services

14.8. Xylem Inc

14.8.1. Business Overview

14.8.2. Key Revenue and Financials

14.8.3. Recent Developments

14.8.4. Key Personnel

14.8.5. Key Product/Services

14.9. March Manufacturing Inc

14.9.1. Business Overview

14.9.2. Key Revenue and Financials

14.9.3. Recent Developments

14.9.4. Key Personnel

14.9.5. Key Product/Services

14.10. Kirloskar Brothers Limited

14.10.1. Business Overview

14.10.2. Key Revenue and Financials

14.10.3. Recent Developments

14.10.4. Key Personnel

14.10.5. Key Product/Services

15. Strategic Recommendations

15.1. Dominating Market by Type

15.2. Fastest Growing Market by Material

15.3. Dominating Market by Region

16. About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

What are magnetic drive pumps?

Magnetic drive pumps are magnetic drive chemical process pump designs that do not require a shaft seal. This significantly reduces initial pump costs and daily running costs. This is because there is no need to install mechanical seals, seal fluid reservoirs, or cooling lines.

Which are the major market players in the global magnetic drive pumps market?

Iwaki Co., Ltd, Sundyne LLC, Richter Chemie-Technik Gmbh, ITT Goulds Pumps Inc, Flowserve Corporation, Ebara Corporation, Ruhrpumpen Group, Xylem Inc, March Manufacturing Inc, and Kirloskar Brothers Limited are the major market players in the global magnetic drive pumps market.

Where are magnetic drive pump used?

Magnetic drive pumps are commonly used in the chemical industry for pumping hazardous/hazardous liquids, ultrapure liquids, and difficult-to-seal liquids that may crystallize on pump seals.

What are the parts of a magnetic drive pump?

In a magnetic drive pump, the wet end and motor are two separate parts, connected only by the motor mount. A drive magnet is attached to the tip of the motor shaft, and when the drive magnet rotates around the rear housing, the impeller attached to another magnet rotates synchronously.

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Press Release

Magnetic Drive Pumps Market is Expected to Grow at an Impressive CAGR

Jul, 2023

Global magnetic drive pumps market is expected to grow during the forecast period due to non-leakage properties extending the pump''s lifespan and due to the expanding chemical and water indu

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