Magnetic Drive System Market
Magnetic Drive System Market Scope: Industry
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Analysis, Market Size, Growth, Trends Till 2031
Magnetic Drive System Market Size and Growth
The global Magnetic Drive System market is projected to reach a value of $1.4 billion by 2025, growing at a CAGR of 5.7% during the forecast period. The market is driven by increasing demand for leak-proof and maintenance-free pumps in industries such as chemical, pharmaceutical, and water treatment.
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Companies Covered
(Covid 19 Impact Covered)
◍ WEG
◍ Process & Power
◍ Nanor
◍ Upwing Energy
◍ GemmeCotti srl
◍ Klaus Union
◍ Warrender
◍ Mpumps Process
◍ Sundyne
◍ Michael Smith Engineers
◍ CECO Environmental
◍ Flowserve
The Magnetic Drive System Market is highly competitive with key players such as WEG, Process & Power, Nanor, Upwing Energy, GemmeCotti srl, Klaus Union, Warrender, Mpumps Process, Sundyne, Michael Smith Engineers, CECO Environmental, and Flowserve. These companies utilize magnetic drive systems to improve efficiency, reduce maintenance costs and enhance safety, thus driving the growth of the market.
- WEG: Sales revenue of $3.6 billion
- Process & Power: Sales revenue of $2.1 billion
- Sundyne: Sales revenue of $700 million
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Market Segmentation
By Application
Chemical Industry
Plating
Petroleum
Food
Others
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By Product
Metal Pump
Non-Metallic Pumps
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Market Growth
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$ X Billion USD
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