Canned Motor Pumps Market sees Prolific Growth in Chemical Industries on the Back of Leak-proof Features
Canned motor pumps, owing to their high efficiency and low operational cost, provide optimal solutions for different industry verticals to comply with stringent environmental regulations and standards. High reliability offered by canned motor pumps make them suitable for pumping toxic and hazardous liquids such as bromide and ammonia in different industries. Leak-proof canned motor pumps are extensively used in various industries such as chemical, oil & gas, power, water & wastewater, pharmaceuticals, and agriculture to improve the pumping efficiency in myriad end use applications. Globally, investments in chemical sector are on the rise, with production continuing to scale newer heights. Thus sales of canned motor pumps will skyrocket in the chemical sector. Owing to this, Fact.MR projects that in the end-use segment, the chemical industry will contribute about 20% of value share throughout the forecast period, which will propel the global canned motor pumps market to a valuation of about US$ 6 Bn by 2029 end.
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Sales of Canned Motor Pumps See an Upward Trend in Multistage Designs
Canned motor pumps are widely used to eliminate the risk of leaking liquids in different manufacturing processes. Industry experts are using multistage canned motor pumps to protect leakage with high efficiency. On account of the above factors, demand for multistage canned motor pumps will show an upward growth trajectory in the coming years. Globally, key market actors are producing multistage canned motor pumps with maximum efficiency for leakage prevention in applications involving conveyance of liquefied gas. High initial and maintenance cost and complex installation of the multistage design are some of the factors that could affect the market growth. However, manufacturers are continuously adapting and innovating new technologies for producing cost-effective and robust multistage pumps. According to Fact.MR report multistage pump is a fast growing segment in the canned motor market and is pegged to grow at a positive CAGR of 10% through the forecast period.
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Canned Motor Pumps Market in Asia Pacific Poised for Sharper Revenue Margins
Asia Pacific leads the demand for canned motor pumps and is influenced by the expansion of various industrial sectors like chemical, pharmaceutical, and oil and gas among others. Prominent players are rapidly expanding their business units to capture the canned motor pumps market in Asia Pacific. Chemical, pharmaceutical, power and oil & gas industries are in the growth stage in countries like India, China, and South Korea, which in turn is pushing the demand of canned motor pumps market in the region. According to Fact.MR analysis, Asia Pacific is foreseen to account for about 40% of the absolute $ opportunity by 2029 end, which is nearly double the collective value contribution of North America and Europe.
Product Development and Collaborations Key Strategy for Canned Motor Pumps Manufacturers
The global canned motor market is moderately fragmented. Curtiss-Wright Corporation, Hermetic - Pumpen GmbH, Avingtrans Plc, Kirloskar Brothers Ltd., Dalian Huanyou Canned Motor Pump Co. Ltd., Hayward Tyler Group Plc, are some of the well-known names in the canned motor pumps market. The key strategies followed by prominent players are new product offerings, business expansion and innovation in their existing products. For instance,
- In 2019, HERMETIC-Pumpen GmbH, manufacturer of canned motor pumps, expanded its modular product line named “V-Line” for the chemical and petrochemical industry. The company found a new material combination for canned motor pumps which helps to transfer fluid with a temperature of -50 degree Celsius instead of – 40 degree Celsius.
- In 2019, Nikkiso Co., Ltd, a canned motor pumps manufacturer, signed an agreement with Cryogenic Industries to strengthen sales and aftermarket services in Europe. By this agreement Nikkiso will sell ACD pumps manufactured by Cryogenic Industries.
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Canned Motor Pumps Market - Scope of the Report
Fact.MR recently published a market study on the global market for canned motor pumps. The study provides detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the canned motor pumps market structure. The market study presents exclusive information about how the canned motor pumps market will grow during the forecast period of 2019-2029.
Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain, supply chain analysis, and Compounded Annual Growth Rate (CAGR) are explained in Fact. MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the canned motor pumps market in the forecast period.
The study is relevant for stakeholders in the canned motor pumps market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the canned motor pumps market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in the Fact.MR study.
The study also includes statistics as well as facts related to macro as well as microeconomic factors that are impacting developments in the canned motor pumps market. It also offers actionable insights based on future trends in the canned motor pumps market. Furthermore, small businesses and new entrants in the canned motor pumps market can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.
Key Segments of the Canned Motor Pumps Market
Fact.MR’s study on the canned motor pumps market offers information divided into four important segments-product, end use, capacity, and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
High Temperature Pumps
Water & wastewater
Reverse Circulation Pumps
Oil & gas
Food & beverages
Other End User
Key Questions Answered in the Fact.MR Canned Motor Pumps Market Report
- Which regions will continue to remain the most profitable regional markets for canned motor pumps market players?
- Which factors will induce a change in the demand for canned motor pumps during the assessment period?
- How will changing trends impact the canned motor pumps market?
- How can market players capture the low-hanging opportunities in the canned motor pumps market in developed regions?
- Which companies are leading the canned motor pumps market?
- What are the winning strategies of stakeholders in the canned motor pumps market to upscale their position in this landscape?
Canned Motor Pumps Market: Research Methodology
In Fact.Mr’s study, a unique research methodology is utilized to conduct extensive research on the growth of the canned motor pumps market, and reach conclusions on future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of conclusions.
Secondary resources referred to analysts during the production of the canned motor pumps market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who have contributed to the development of this report as a primary resource.
1. Global Canned Motor Pumps Market - Executive Summary
1.1. Global Market Overview
1.2. Global Canned Motor Pumps Market - Opportunity Assessment
1.3. Fact.MR Analysis
2. Global Canned Motor Pumps Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Introduction and Definition
3. Market Background
3.1. Canned Motor Pump Usage in Different End Use Industries- Snapshot
3.2. Global Water & Waste Water Treatment Plant Outlook
3.2.1. Water and Wastewater Solutions and Services
3.2.2. Impact on Water Quality in Various Industry Verticals and Use of Canned Motor Pumps
3.2.3. Global Water Treatment Spending With GDP Per Capita by Country
3.3. Global Chemical Industry Growth Outlook
3.3.1. Projected growth in global chemical sales
3.3.2. Global Chemical Trade Outlook
3.3.3. Chemical Industry Breakdown by Region
3.3.4. Mega Trends in Chemical Industry
3.4. Global Oil & Gas Industry Outlook
3.4.1. Oil & Gas Consumption Forecast
3.4.2. Investments in Oil & Gas Midstream & Downstream
3.5. Global Power Industry Outlook
3.5.1. Global Energy Sector Outlook
3.5.2. Adoption of Canned Motor Pumps in Solar & Nuclear Power Plant Industry
3.6. Global Pharmaceutical Industry Outlook
3.7. Global Food & Beverages Industry Outlook & Canned Motor Pumps Application
3.8. PESTLE Analysis
3.9. Porter’s Five Forces
3.10. Forecast Factors: Relevance and Impact
3.11. Market Dynamics
3.11.3. Opportunity Analysis
4. Global Canned Motor Pumps Market - Price Point Analysis
4.1. Price Point Assessment by Region and Product Type
4.2. Price Forecast till 2029
5. Global Canned Motor Pumps Market Demand (US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029
5.1. Historical Market Value (US$ Mn) Analysis, 2014-2018
5.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029
5.2.1. Y-o-Y Growth Trend Analysis
5.2.2. Absolute $ Opportunity Analysis
6. Global Canned Motor Pumps Market Analysis 2014-2018 and Forecast 2019-2029 , by Product Type
6.1. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Product Type, 2014 - 2018
6.2. Current and Future Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By Product Type, 2019 - 2029
6.2.1. Standard Pumps
6.2.2. High Temperature Pumps
6.2.3. Reverse Circulation Pumps
6.2.4. Liquid Pumps
6.2.5. Multistage Pumps
6.3. Market Attractiveness Analysis By Product Type
7. Global Canned Motor Pumps Market Analysis 2014-2018 and Forecast 2019-2029, by End-Use
7.1. Historical Market Size (US$ Mn) and Volume (Units) Analysis By End-Use Sector, 2014 - 2018
7.2. Current and Future Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By End-Use, 2019 - 2029
7.2.2. Water & Wastewater
7.2.3. Oil & Gas
7.2.7. Other End User
7.3. Market Attractiveness Analysis By End-Use
8. Global Canned Motor Pumps Market Analysis 2014-2018 and Forecast 2019-2029 , by Capacity
8.1. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Capacity, 2014 - 2018
8.2. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By Capacity, 2019 - 2029
8.3. Market Attractiveness Analysis By Capacity
9. Global Canned Motor Pumps Market Analysis 2014-2018 and Forecast 2019-2029 , by Region
9.1. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2014 - 2018
9.2. Current Market Size (US$ Mn) and Volume (Units) Analysis and Forecast By Region, 2019 - 2029
9.2.1. North America
9.2.2. Latin America
9.3. Market Attractiveness Analysis By Region
10. North America Canned Motor Pumps Market Analysis 2014-2018 and Forecast 2019-2029
10.1.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 -2018
10.1.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
10.1.3.1. By Country
10.1.3.2. By Product Type
10.1.3.3. By End-Use
10.1.3.4. By Capacity
10.1.4. Market Attractiveness Analysis
10.1.4.1. By Product Type
10.1.4.2. By End-Use
10.1.4.3. By Capacity
11. Latin America Canned Motor Pumps Market Analysis 2014-2018 and Forecast 2019-2029
11.1.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
11.1.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
220.127.116.11. By Country
18.104.22.168.4. Rest of Latin America
22.214.171.124. By Product Type
126.96.36.199. By End-Use
188.8.131.52. By Capacity
11.1.4. Market Attractiveness Analysis
184.108.40.206. By Product Type
220.127.116.11. By End-Use
18.104.22.168. By Capacity
12. Europe Canned Motor Pumps Market Analysis 2014-2018 and Forecast 2019-2029
12.1.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
12.1.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
22.214.171.124. By Country
126.96.36.199.6. Rest of Europe
188.8.131.52. By Product Type
184.108.40.206. By End-Use
220.127.116.11. By Capacity
12.1.4. Market Attractiveness Analysis
18.104.22.168. By Product Type
22.214.171.124. By End-Use
126.96.36.199. By Capacity
13. Japan Canned Motor Pumps Market Analysis 2014-2018 and Forecast 2019-2029
13.1.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
13.1.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
188.8.131.52. By Product Type
184.108.40.206. By End-Use
220.127.116.11. By Capacity
13.1.4. Market Attractiveness Analysis
18.104.22.168. By Product Type
22.214.171.124. By End-Use
126.96.36.199. By Capacity
14. APEJ Canned Motor Pumps Market Analysis 2014-2018 and Forecast 2019-2029
14.1.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
14.1.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
188.8.131.52. By Country
184.108.40.206.4. Australia & New Zealand
220.127.116.11.5. Rest of APEJ
18.104.22.168. By Product Type
22.214.171.124. By End-Use
126.96.36.199. By Capacity
14.1.4. Market Attractiveness Analysis
188.8.131.52. By Product Type
184.108.40.206. By End-Use
220.127.116.11. By Capacity
15. MEA Canned Motor Pumps Market Analysis 2014-2018 and Forecast 2019-2029
15.1.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2014 - 2018
15.1.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2019 - 2029
18.104.22.168. By Country
22.214.171.124.1. GCC Countries
126.96.36.199.2. South Africa
188.8.131.52.4. Rest of MEA
184.108.40.206. By Product Type
220.127.116.11. By End-Use
18.104.22.168. By Capacity
15.1.4. Market Attractiveness Analysis
22.214.171.124. By Product Type
126.96.36.199. By End-Use
188.8.131.52. By Capacity
16. Company Profiles
16.1. Avingtrans Plc.
16.1.1. Company Overview
16.1.2. Key Developments
16.2. Curtiss-Wright Corporation
16.2.1. Company Overview
16.2.2. Key Developments
16.3. Dalian Huanyou Canned Motor Pump Co. Ltd.
16.3.1. Company Overview
16.3.2. Key Developments
16.4. Dynamic Pumps & Projects Pvt. Ltd.
16.4.1. Company Overview
16.4.2. Key Developments
16.5. Harbin Electric Corp. Jiamusi Electric Machine Co., Ltd.
16.5.1. Company Overview
16.5.2. Key Developments
16.6. Hayward Tyler Group Plc.
16.6.1. Company Overview
16.6.2. Key Developments
16.7. Hefei Xinhu Canned Motor Pump Co. Ltd.
16.7.1. Company Overview
16.7.2. Key Developments
16.8. Hermetic - Pumpen GmbH
16.8.1. Company Overview
16.8.2. Key Developments
16.9. Kirloskar Brothers Ltd.
16.9.1. Company Overview
16.9.2. Key Developments
16.10. Nikkiso Co., Ltd.
16.10.1. Company Overview
16.10.2. Key Developments
16.11.1. Company Overview
16.11.2. Key Developments
16.12. Shanghai East Pump Co. Ltd.
16.12.1. Company Overview
16.12.2. Key Developments
16.13. Shimge Pump Industry Group Co., Ltd.
16.13.1. Company Overview
16.13.2. Key Developments
16.14. Teikoku Electric Manufacturing Co., Ltd.
16.14.1. Company Overview
16.14.2. Key Developments
16.15. Zhejiang Dayuan Pumps Industrial Co. Ltd.
16.15.1. Company Overview
16.15.2. Key Developments
17. Research Methodology
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