Upto 80 m3/hr Segment to Dominate SAM Magnetic Drive Pumps Market During 2021–2028
According to The Insight Partners market research study on “South America Magnetic Drive Pumps Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Flow Rate, Material, Application, and Pump Type” is expected to reach US$ 80.20 million by 2028 from US$ 62.23 million in 2021. The market is estimated to grow at a CAGR of 3.7% from 2021 to 2028. The report provides trends prevailing in the SAM magnetic drive pumps market along with the drivers and restraints pertaining to the market growth. Increasing the food & beverages processing sector across the SAM and magnetic drive pumps are manageable are the major factor driving the growth of the SAM magnetic drive pumps market. However, limited solid handling capabilities hinders the growth of SAM magnetic drive pumps market.
The SAM magnetic drive pumps market is segmented based on flow rate, material, application, pump type, and country. Based on flow rate, the SAM magnetic drive pumps market is segmented into upto 80 m3/hr, 81 – 200 m3/hr, 201 – 500 m3/hr, and above 500 m3/hr. The upto 80m3/hr segment dominated the SAM magnetic drive pumps market in 2020. Based on material, SAM magnetic drive pumps market is segmented into polypropylene, polyvinylidene fluoride, stainless steel, nickel alloys, PFA, and ETFE. The stainless steel segment dominated the SAM magnetic drive pumps market in 2020. Based on application, the SAM magnetic drive pumps market is segmented into chemical processing, water treatment, surface treatment, food processing, oil & gas, and renewable energies. The oil & gas segment dominated the SAM magnetic drive pumps market in 2020. Based on pump type, the SAM magnetic drive pumps market is segmented into side channel pumps, centrifugal pumps, and others. The centrifugal pumps segment dominated the SAM magnetic drive pumps market in 2020. Based on country, the SAM magnetic drive pumps market is segmented into Brazil, Argentina, and Rest of SAM. The Brazil segment dominated the SAM magnetic drive pumps market in 2020.
CP Pumpen AG; Dickow Pump Company; Finish Thompson Inc.; Flowserve Corporation; HERMETIC-Pumpen GmbH; ITT Goulds Pumps; IWAKI CO., LTD.; Klaus Union; KSB SE & Co. KGaA; Sulzer Ltd; and Sundyne are among the leading companies in the SAM magnetic drive pumps market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Being a perfectionist in the magnetic drive sealless pumps, Sundyne HMD Kontro introduced a new pump option that is particularly designed for the use of hydrofluoric acid (HF) alkylation.
Contact Us
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com