Frequently Asked Questions
The global Sealless Magnetic Drive Pump market was valued at USD 0.4 Billion in 2022.
The Sealless Magnetic Drive Pump market is expected to grow at a CAGR of 8.20% between 2023 and 2030, reaching USD 0.6 Billion in 2030.
Metallic Pump is the leading segment by pump type, holding over 75% share in value in 2022.
The up to 80 m3/hr segment governs the demand for Sealless Magnetic Drive Pumps worldwide, holding a massive share of over 30% in 2022.
The 81 to 200 m3/hr segment is expected to post the highest CAGR during the forecast period.
North America is fueling the growth of the Sealless Magnetic Drive Pump industry, with an over one-third share in 2022.
The top players include Ebara Corp, Iwaki Co. Ltd., Flowserve Corp, and ITT Inc.
Stringent environmental regulations and focus on operational efficiency and cost savings offered by sealless magnetic drive pumps are the major market drivers.
Higher costs are the major market restraints.
Growing demand for leak-free and maintenance-free solutions and expansion in emerging markets and industries are the major opportunities in the sealless magnetic drive pump industry.