Middle East and Africa Magnetic Drive Pumps Market
The environmental and safety impact of the fluid handling solutions is considered a top agenda while buying, using, and maintaining new pumps. Magnetic drive pumps are still firmly adopted for corrosive chemical applications. These pumps are characterized by enhanced corrosion resistance and dry running capabilities in severe conditions. Green technology is creating considerable demand for magnetic drive pumps in producing biodiesel fuels, where mixtures of solvents and caustics lead to difficulties in sealing. Magnetic drive pumps help prevent fugitive emissions such as volatile hazardous air pollutants (VHAPs) and volatile organic compounds (VOCs). Thus, using a magnetic drive pump helps the companies to stay compliant with the new state, local, and federal safety and health standards and regulations and avoid expensive fines. The regulations and norms regarding emissions continue to be a trending factor for the increasing popularity of magnetic drive pumps across the MEA.
The MEA magnetic drive pumps market is segmented based on flow rate, material, application, pump type, and country. Based on flow rate, the MEA 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 80 m3/hr segment dominated the market in 2020. Based on material, MEA magnetic drive pumps market is segmented into polypropylene, polyvinylidene fluoride, stainless steel, nickel alloys, PFA, and ETFE. The stainless steel segment led the market in 2020. Based on application, the MEA 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 market in 2020. Based on pump type, the MEA magnetic drive pumps market is segmented into side channel pumps, centrifugal pumps, and others. The centrifugal pumps segment led the market in 2020. Based on country, the MEA magnetic drive pumps market is segmented into Saudi Arabia, the UAE, South Africa, Nigeria, Egypt, Morocco, Algeria, Angola, Tunisia, Congo, and the Rest of MEA. The Saudi Arabia segment dominated the market in 2020.
CP Pumpen AG, Dickow Pump Company, Finish Thompson Inc., Flowserve Corporation, HERMETIC-Pumpen GmbH, ITT Goulds Pumps, Klaus Union, KSB SE & Co. KGaA, Sulzer Ltd, and Sundyne are among the leading companies in the MEA magnetic drive pumps market.
Strategic insights for the Middle East and Africa Magnetic Drive Pumps provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 84.27 Million |
| Market Size by 2028 | US$ 127.27 Million |
| Global CAGR (2021 - 2028) | 6.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Flow Rate
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East and Africa Magnetic Drive Pumps refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Middle East and Africa Magnetic Drive Pumps Market is valued at US$ 84.27 Million in 2021, it is projected to reach US$ 127.27 Million by 2028.
As per our report Middle East and Africa Magnetic Drive Pumps Market, the market size is valued at US$ 84.27 Million in 2021, projecting it to reach US$ 127.27 Million by 2028. This translates to a CAGR of approximately 6.1% during the forecast period.
The Middle East and Africa Magnetic Drive Pumps Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Magnetic Drive Pumps Market report:
The Middle East and Africa Magnetic Drive Pumps Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Magnetic Drive Pumps Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Magnetic Drive Pumps Market value chain can benefit from the information contained in a comprehensive market report.
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