Magnetic Drive Centrifugal Pumps

Magnetic Drive Centrifugal Pumps Market Outlook

The global magnetic drive centrifugal pumps market was valued at approximately USD 1.5 billion in 2023 and is projected to reach around USD 2.3 billion by 2035, growing at a Compound Annual Growth Rate (CAGR) of about 4.5% during the forecast period. This growth is primarily driven by increasing demand for efficient and reliable pumping solutions in various industries, particularly in chemical processing and water treatment applications. Moreover, the growing awareness regarding environmental sustainability and the need for energy-efficient systems are propelling the adoption of magnetic drive centrifugal pumps. These pumps are renowned for their capability to handle hazardous fluids and reduce maintenance costs due to the absence of traditional sealing mechanisms. The market is also witnessing innovations in design and materials, enhancing the performance and durability of these pumps, which further stimulates market growth.

Growth Factor of the Market

Several factors are propelling the growth of the magnetic drive centrifugal pumps market. One of the prominent growth factors is the increasing industrialization across various sectors, which necessitates the use of efficient fluid handling systems. The chemical and pharmaceutical industries are particularly significant in this regard, as they require pumps that can manage corrosive and high-temperature fluids safely and effectively. Furthermore, stringent environmental regulations are pushing industries to adopt technologies that minimize leaks and spills, thus driving the demand for magnetic drive pumps that feature a sealless design. Additionally, the rising focus on energy efficiency is encouraging industries to upgrade their existing pump systems, and magnetic drive centrifugal pumps offer superior performance with lower energy consumption. Innovations in pump technology, including the development of advanced materials and designs that enhance durability and reliability, also contribute to market growth. Lastly, the increasing investments in infrastructure development across emerging economies are expected to further boost the demand for these pumping solutions.

Key Highlights of the Market

• The global magnetic drive centrifugal pumps market is expected to grow at a CAGR of 4.5% from 2023 to 2035.
• Sealless magnetic drive centrifugal pumps are projected to dominate the product segment due to their high efficiency and reliability.
• The chemical industry will remain the largest application segment owing to the need for safe handling of corrosive fluids.
• North America is anticipated to hold the largest market share, driven by technological advancements and industrial applications.
• Rising environmental regulations are accelerating the adoption of magnetic drive centrifugal pumps in various sectors.

By Product Type

Sealless Magnetic Drive Centrifugal Pumps:

Sealless magnetic drive centrifugal pumps are the most widely used type in the magnetic drive centrifugal pumps market. They are designed without traditional mechanical seals, which minimizes the risk of leakage and enhances safety when handling hazardous fluids. These pumps are particularly valuable in applications involving toxic or corrosive substances, as they effectively eliminate the potential for spills and minimize environmental risks. Their design ensures that the fluid is contained within the pump casing, which not only reduces maintenance requirements but also extends the operational life of the pump. Additionally, sealless magnetic drive pumps offer high efficiency and are capable of handling a wide range of viscosities, making them suitable for diverse applications across industries such as chemicals, pharmaceuticals, and water treatment.

Canned Motor Magnetic Drive Centrifugal Pumps:

Canned motor magnetic drive centrifugal pumps are another essential type within this market segment. These pumps feature a unique design in which the motor is enclosed within the pump casing, allowing for a compact and space-saving solution. This configuration ensures that the pumped fluid is completely isolated from the motor, thus preventing any possibility of leakage. Canned motor pumps are particularly advantageous in situations where the handling of hazardous materials is necessary, as they maintain a high level of safety. They are frequently utilized in industries such as chemical processing and oil and gas, where reliability and minimal maintenance are critical. The versatility and efficiency of these pumps contribute to their increasing adoption in various applications.

Close-Coupled Magnetic Drive Centrifugal Pumps:

Close-coupled magnetic drive centrifugal pumps are designed to offer a compact and efficient solution for fluid transfer applications. In this configuration, the pump is directly connected to the motor, eliminating the need for additional mounting frames or couplings. This close-coupled design not only saves space but also reduces the risk of alignment issues that can lead to wear and tear over time. These pumps are particularly suitable for environments with limited space, such as laboratories, manufacturing facilities, and commercial buildings. Their robust construction and ability to handle corrosive fluids make them a preferred choice in many industries. The ease of installation and maintenance further enhances their attractiveness to end-users, fostering growth in this segment.

Vertical Magnetic Drive Centrifugal Pumps:

Vertical magnetic drive centrifugal pumps are designed to optimize space utilization, making them ideal for applications where floor space is limited. These pumps are installed vertically, allowing for a more compact footprint compared to horizontal designs. They are primarily used in applications involving water treatment, chemical processes, and other industries where vertical orientation is advantageous. The vertical configuration helps in achieving efficient fluid flow even in limited spaces, and their robust design ensures reliability and durability in demanding environments. Additionally, vertical magnetic drive pumps are known for their ability to handle varying fluid levels efficiently, enhancing their versatility across a range of applications.

Horizontal Magnetic Drive Centrifugal Pumps:

Horizontal magnetic drive centrifugal pumps are characterized by their design, which positions the pump horizontally relative to the ground. This configuration is commonly utilized in a variety of industries due to its ease of installation and maintenance. Horizontal pumps are often preferred in applications that require high flow rates and pressure, making them suitable for chemical processing, food and beverage industries, and water supply systems. They typically offer robust construction, allowing them to handle various fluids, including corrosive and viscous substances. The efficiency of horizontal magnetic drive pumps, along with their capability to operate effectively in diverse environments, makes them a vital component in fluid transfer systems across multiple sectors.

By Application

Chemical Industry:

The chemical industry represents one of the largest applications for magnetic drive centrifugal pumps, driven by the need to manage a wide range of corrosive and hazardous fluids. These pumps provide a safe and reliable solution for transporting chemicals, ensuring minimal leakage and reducing the risk of exposure to harmful substances. They are commonly used in processes such as mixing, transferring, and recirculating chemicals, where the integrity of the pumping system is crucial. The ability of magnetic drive pumps to handle extreme temperatures and pressures, along with their sealless design, makes them highly sought after in this sector. As the chemical industry continues to expand globally, the demand for efficient and effective pumping solutions is expected to rise significantly.

Pharmaceutical Industry:

The pharmaceutical industry is another key area where magnetic drive centrifugal pumps are extensively utilized. In this highly regulated sector, the integrity and safety of fluid handling systems are paramount. Magnetic drive pumps are favored for their ability to eliminate leaks, thereby maintaining a sterile environment, which is crucial in pharmaceutical manufacturing and processing. These pumps are instrumental in transporting active pharmaceutical ingredients (APIs) and other sensitive materials, where contamination risks must be minimal. The growing emphasis on safety, compliance, and efficiency within the pharmaceutical sector is expected to bolster the demand for magnetic drive pumps in the coming years.

Water Treatment:

Water treatment applications benefit greatly from the use of magnetic drive centrifugal pumps due to their efficiency and reliability. These pumps are essential in processes such as filtration, disinfection, and chemical dosing, where precise fluid handling is required. The sealless design of magnetic drive pumps minimizes the risk of leaks and contamination in water treatment facilities, making them an ideal choice for municipal water systems and wastewater treatment plants. As global water scarcity becomes an increasingly pressing issue, the demand for effective water treatment solutions is expected to rise, further driving the need for magnetic drive centrifugal pumps. Their ability to perform in harsh environmental conditions and handle a variety of fluids makes them a critical component in ensuring safe and clean water supply.

Food and Beverage Industry:

In the food and beverage industry, the use of magnetic drive centrifugal pumps is gaining traction due to their hygienic design and reliability. These pumps play a crucial role in transporting liquids such as juices, oils, and sauces, where maintaining product purity is essential. The sealless design of magnetic drive pumps reduces the risk of contamination, ensuring compliance with food safety regulations. Moreover, their ability to handle viscous and shear-sensitive products makes them suitable for various applications within the food processing sector. As consumers continue to demand higher standards of food safety and quality, the adoption of magnetic drive centrifugal pumps in this industry is expected to increase significantly.

By Distribution Channel

Direct Sales:

Direct sales channels play a significant role in the distribution of magnetic drive centrifugal pumps, allowing manufacturers to establish a direct relationship with their customers. By bypassing intermediaries, manufacturers can provide more personalized service, tailored solutions, and competitive pricing. This channel is particularly advantageous for industries requiring customized pumping solutions, as manufacturers can better understand customer needs and specifications. Moreover, direct sales facilitate quicker response times for inquiries and support, enhancing customer satisfaction. As the market for magnetic drive pumps continues to grow, direct sales are expected to remain a vital distribution channel, especially for large industrial clients who prioritize reliability and efficiency in their purchasing decisions.

Indirect Sales:

Indirect sales channels encompass a range of distributors, wholesalers, and retailers who market magnetic drive centrifugal pumps to end-users. This channel is essential for reaching a broader audience, particularly in regions where manufacturers may have limited direct presence. Indirect sales allow for increased market penetration, as distributors often have established relationships with local businesses and can provide valuable insights into regional market trends. Additionally, indirect sales channels can offer added value through customer support, technical assistance, and inventory management for clients. The versatility and adaptability of indirect sales are crucial for the growth of the magnetic drive centrifugal pumps market, especially in diverse geographical areas.

By Material Type

Polypropylene:

Polypropylene is one of the prevalent materials used in the construction of magnetic drive centrifugal pumps, especially for applications involving corrosive chemicals. This thermoplastic material exhibits excellent chemical resistance and is lightweight, making it an ideal choice for industries such as chemical processing and water treatment. Polypropylene pumps can effectively handle a variety of fluids without degrading, ensuring long-term reliability and reduced maintenance. Additionally, the lower cost of polypropylene compared to metals makes it an economically attractive option for many businesses. As industries evolve and demand more versatile pumping solutions, polypropylene-based magnetic drive pumps are expected to see continued growth.

Stainless Steel:

Stainless steel is another commonly used material in the manufacturing of magnetic drive centrifugal pumps, particularly in environments that require high durability and corrosion resistance. Stainless steel pumps are known for their robustness and ability to withstand harsh chemical compositions, high temperatures, and pressures, which is crucial in applications across the pharmaceutical, food and beverage, and oil and gas industries. The longevity and easy maintenance of stainless steel pumps make them a preferred choice for critical applications where product integrity must be maintained. As industries continue to prioritize reliability and quality, the demand for stainless steel magnetic drive centrifugal pumps is expected to remain strong.

Fluoropolymers:

Fluoropolymers are specialized materials used in magnetic drive centrifugal pumps designed for handling highly corrosive and aggressive fluids. These materials offer superior chemical resistance and are often employed in the chemical and pharmaceutical industries, where conventional materials may not suffice. Fluoropolymer-lined pumps are particularly advantageous in applications involving strong acids or solvents, ensuring the safety and stability of the pumping system. Their lightweight nature and high-performance capabilities contribute to their increasing adoption in specialized applications. As regulatory standards tighten and industries seek more reliable solutions for handling hazardous substances, the use of fluoropolymers in magnetic drive pumps will likely expand.

Hastelloy:

Hastelloy is an advanced alloy utilized in the construction of magnetic drive centrifugal pumps for applications where extreme conditions prevail, including high temperatures and aggressive chemicals. This high-performance alloy is prized for its exceptional corrosion resistance and mechanical strength, making it suitable for the most demanding environments such as chemical processing, aerospace, and energy sectors. Pumps made with Hastelloy are particularly effective in reducing the risk of leaks and failures, thereby enhancing operational efficiency and safety. As industries continue to push the boundaries of performance and reliability, the demand for Hastelloy magnetic drive pumps is anticipated to grow, especially in applications where safety is paramount.

By Region

In terms of regional analysis, North America currently dominates the magnetic drive centrifugal pumps market, accounting for approximately 35% of the total market share. The region is characterized by a robust industrial base, extensive chemical and pharmaceutical manufacturing sectors, and stringent environmental regulations that necessitate the use of efficient and reliable pumping solutions. Additionally, the presence of key manufacturers and continuous advancements in pumping technology further bolster market growth in North America. The CAGR for the North American market is projected to be around 5% over the forecast period, driven by increasing investments in infrastructure and a growing focus on safety and compliance across industries.

Europe follows closely as the second-largest market for magnetic drive centrifugal pumps, holding about 30% of the global share. The region's growth is supported by a strong emphasis on sustainability and environmental protection, coupled with stringent regulatory standards governing the handling of hazardous materials. The chemical and pharmaceutical industries in Europe are particularly significant, driving the demand for advanced pumping solutions that ensure safe and efficient fluid transfer. The CAGR for the European market is expected to be approximately 4.2%, as industries continue to adopt innovative technologies and seek reliable pumping solutions to meet their operational needs.

Opportunities

The magnetic drive centrifugal pumps market is poised to leverage numerous opportunities as industries increasingly seek efficient and reliable pumping solutions. One of the significant opportunities lies in the growing demand for automation and smart technologies in industrial processes. With advancements in IoT and Industry 4.0, there is a rising trend towards smarter pumping systems that offer enhanced control, monitoring, and predictive maintenance capabilities. Manufacturers that integrate advanced technologies into their magnetic drive pumps can provide better performance, reduced downtime, and optimized operational efficiency. This technological evolution presents a lucrative opportunity for market players to differentiate themselves and capture a larger share of the market.

Another promising opportunity in the magnetic drive centrifugal pumps market is the increasing focus on sustainability and environmental responsibility. As industries face mounting pressure to reduce their environmental footprint, the demand for energy-efficient and eco-friendly pumping solutions is on the rise. Magnetic drive pumps, with their sealless design that minimizes leaks and spills, are well-positioned to meet these sustainability goals. Additionally, as companies prioritize safety and environmental compliance, the adoption of magnetic drive pumps is expected to grow in sectors such as chemical processing and pharmaceuticals. By aligning their product offerings with sustainability initiatives, manufacturers can enhance their market appeal and drive growth.

Threats

Despite the positive outlook for the magnetic drive centrifugal pumps market, several threats could potentially hinder growth in the coming years. One of the most prominent threats is the growing competition from alternative pumping technologies, such as traditional centrifugal pumps and peristaltic pumps, which can offer lower upfront costs and easier maintenance in certain applications. With advancements in these traditional technologies, customers may be tempted to opt for more familiar and cost-effective solutions, which can pose a challenge for magnetic drive pump manufacturers. Additionally, the potential for economic downturns or fluctuations in raw material prices can impact production costs and pricing strategies, affecting overall market dynamics.

Another significant restraining factor is the lack of awareness and understanding of magnetic drive centrifugal pumps among potential end-users. Some industries may not fully recognize the benefits and capabilities of magnetic drive pumps, leading to hesitation in adoption. Without proper education and awareness programs, potential customers may continue to rely on conventional pumping systems, thus limiting the growth of the magnetic drive centrifugal pumps market. Addressing these knowledge gaps through targeted marketing and educational initiatives will be crucial for manufacturers to promote the advantages of magnetic drive pumps effectively.

Competitor Outlook

• Grundfos Pumps Corporation
• Goulds Pumps (a Xylem brand)
• Flowserve Corporation
• Witels-Albert GmbH
• HMD Kontro
• SPX Flow Technology
• Rietschle Thomas GmbH
• Schneider Electric
• Magnetic Drive Pumps Ltd.
• Walther Trowal GmbH
• ITT Inc. (Goulds Pumps)
• ProMinent Group
• Parker Hannifin Corporation
• GEA Group AG
• Alfa Laval AB

The competitive landscape of the magnetic drive centrifugal pumps market is characterized by a diverse array of players, ranging from established multinational corporations to specialized manufacturers. Key companies are actively investing in research and development to innovate and enhance the performance of magnetic drive pumps. These companies are focusing on expanding their product portfolios to cater to a wider range of applications and industries. Collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by market players to strengthen their market position and gain a competitive edge. Furthermore, companies are also concentrating on improving customer service and support to foster long-term relationships with clients. The competitive environment is dynamic, with companies striving to adapt to changing market demands and technological advancements.

Among the prominent players in the magnetic drive centrifugal pumps market, Grundfos Pumps Corporation stands out as a leading manufacturer known for its commitment to sustainability and innovative solutions. The company has a comprehensive range of magnetic drive pumps designed for various applications, ensuring high efficiency and reliability. Similarly, Flowserve Corporation is recognized for its extensive portfolio of fluid motion and control solutions, including a wide array of magnetic drive pumps. The company emphasizes technological advancements and offers customized solutions to meet specific customer requirements. The emphasis on quality, performance, and safety has positioned these companies as key players in the market, attracting clientele across various industries.

Another notable competitor, Goulds Pumps (a Xylem brand), has established a strong presence in the magnetic drive centrifugal pumps market through its innovative offerings and commitment to customer satisfaction. The company's product line includes a variety of magnetic drive pumps designed for handling corrosive and viscous fluids, catering to the needs of industries such as chemicals and pharmaceuticals. The emphasis on research and development enables Goulds Pumps to stay ahead of technological trends and deliver solutions that address evolving customer needs. Additionally, companies like SPX Flow Technology and ITT Inc. are also key players, focusing on enhancing the efficiency and performance of magnetic drive pumps while ensuring compliance with stringent industry standards.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 HMD Kontro
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 GEA Group AG
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Alfa Laval AB
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 ProMinent Group
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Schneider Electric
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Witels-Albert GmbH
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 SPX Flow Technology
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Walther Trowal GmbH
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Flowserve Corporation
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Rietschle Thomas GmbH
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 ITT Inc. (Goulds Pumps)
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Magnetic Drive Pumps Ltd.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Grundfos Pumps Corporation
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Parker Hannifin Corporation
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Goulds Pumps (a Xylem brand)
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Magnetic Drive Centrifugal Pumps Market, By Application
    • 6.1.1 Chemical Industry
    • 6.1.2 Pharmaceutical Industry
    • 6.1.3 Water Treatment
    • 6.1.4 Food and Beverage Industry
    • 6.1.5 Others
  • 6.2 Magnetic Drive Centrifugal Pumps Market, By Product Type
    • 6.2.1 Sealless Magnetic Drive Centrifugal Pumps
    • 6.2.2 Canned Motor Magnetic Drive Centrifugal Pumps
    • 6.2.3 Close-Coupled Magnetic Drive Centrifugal Pumps
    • 6.2.4 Vertical Magnetic Drive Centrifugal Pumps
    • 6.2.5 Horizontal Magnetic Drive Centrifugal Pumps
  • 6.3 Magnetic Drive Centrifugal Pumps Market, By Material Type
    • 6.3.1 Polypropylene
    • 6.3.2 Stainless Steel
    • 6.3.3 Fluoropolymers
    • 6.3.4 Hastelloy
    • 6.3.5 Others
  • 6.4 Magnetic Drive Centrifugal Pumps Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Indirect Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Magnetic Drive Centrifugal Pumps Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Magnetic Drive Centrifugal Pumps market is categorized based on

By Product Type

• Sealless Magnetic Drive Centrifugal Pumps
• Canned Motor Magnetic Drive Centrifugal Pumps
• Close-Coupled Magnetic Drive Centrifugal Pumps
• Vertical Magnetic Drive Centrifugal Pumps
• Horizontal Magnetic Drive Centrifugal Pumps

By Application

• Chemical Industry
• Pharmaceutical Industry
• Water Treatment
• Food and Beverage Industry
• Others

By Distribution Channel

• Direct Sales
• Indirect Sales

By Material Type

• Polypropylene
• Stainless Steel
• Fluoropolymers
• Hastelloy
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Grundfos Pumps Corporation
• Goulds Pumps (a Xylem brand)
• Flowserve Corporation
• Witels-Albert GmbH
• HMD Kontro
• SPX Flow Technology
• Rietschle Thomas GmbH
• Schneider Electric
• Magnetic Drive Pumps Ltd.
• Walther Trowal GmbH
• ITT Inc. (Goulds Pumps)
• ProMinent Group
• Parker Hannifin Corporation
• GEA Group AG
• Alfa Laval AB