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).
Key Questions Answered in the Report:
What are the high-growth market segments in terms of product, flow rate, application, and end user?
What is the historical market size for the sealless pumps market?
What are the market forecasts and estimates for 2024-2031?
What are the major drivers, opportunities, challenges, and trends in the sealless pumps market?
Who are the major players in the sealless pumps market, and what are their market shares?
What is the competitive landscape like?
What are the recent developments in the sealless pumps market?
What do major market players adopt the different strategies?
What are the trends and high-growth countries?
Who are the local emerging players in the sealless pumps market, and how do they compete with other players?
Scope of the Report:
Sealless Pumps Market Assessment- by Product
Magnetic-driven Pumps
Magnetic-driven Centrifugal Pumps
Single Stage Magnetic-driven Pumps
Plastic Lined Magnetic-driven Pumps
All Plastic Magnetic-driven Pump
API 585 Magnetic-driven Pumps
Vertical Suspended Magnetic-driven Pumps
Multistage Magnetic-driven Pumps
Magnetic-driven Gear Pumps
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
Sealless Pumps Market Assessment-by 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
Sealless Pumps Market Assessment-by Application
Cooling Systems
Reactor Feeds
Chemical Transfer
Circulation Systems
Solvent Transfer
Other Applications
Sealless Pumps Market Assessment-by End User
Chemical
Oil & Gas
Power Generation
Food & Beverage
Pharmaceutical
Mining
Petrochemical Refineries
Other End Users
Sealless Pumps Market Assessment-by Geography
North America
U.S.
Canada
Europe
U.K.
Germany
France
Spain
Italy
Switzerland
Poland
Rest of Europe
Asia-Pacific
China
Japan
India
Singapore
South Korea
Australia & New Zealand
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
UAE
Israel
Rest of Middle East & Africa
TABLE OF CONTENTS
1. Introduction
1.1. Market Definition & Scope
1.2. Currency & Limitations
1.2.1. Currency
1.2.2. Limitations
2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation Process
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing & Forecasting
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
3.1. Overview
3.2. Market Analysis, by Product
3.3. Market Analysis, by Flow Rate
3.4. Market Analysis, by Application
3.5. Market Analysis, by End User
3.6. Market Analysis, by Geography
3.7. Competitive Analysis
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. Drivers
4.2.1.1. Increasing Demand for Sealless Pumps in Food & Beverage Industries
4.2.1.2. Rising Demand for Magnetically Coupled Pumps
4.2.1.3. Growing Need for Canned Motor Pumps in the Chemical Industries
4.2.2. Opportunities
4.2.2.1. Rising Adoption of Sealless Pumps in Pharmaceutical Industries
4.2.2.2. Increasing Popularity of Sealless Pumps in the Power Generation Industry
4.2.3. Challenges
4.2.3.1. High Cost and Power Consumption of Magnetic-driven Pumps
4.3. Trends
4.3.1. Emergence of Intelligent Pumps Systems and Micro Disc Pumps Technology