ISO and ANSI Magnetic Industrial Pumps Market size is estimated to be USD 2.1 Billion in 2024 and is expected to reach USD 3.5 Billion by 2033 at a CAGR of 6.5% from 2026 to 2033.
The global ISO and ANSI magnetic industrial pumps market was valued at approximately USD 3.5 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2023 to 2030. This growth is driven by increasing demand for non leakage pumps in various industries such as chemicals, pharmaceuticals, food & beverages, and water treatment. North America is one of the leading regions, accounting for around 30% of the market share in 2022, driven by advancements in industrial automation and stringent safety regulations. The Asia Pacific region is expected to experience the highest CAGR of 7.3% during the forecast period, attributed to the expanding industrial sectors in countries like China and India, as well as increased investments in infrastructure development and chemical processing plants.
Europe holds a significant portion of the market, contributing roughly 25% to the overall market size in 2022, fueled by the growing focus on sustainable technologies and the need for efficient fluid handling systems across various sectors. The Middle East and Africa region is anticipated to witness steady growth, with a CAGR of 5.8% from 2023 to 2030, supported by increasing oil & gas and petrochemical activities. Latin America also shows potential, particularly in the industrial and manufacturing sectors, which is expected to contribute to steady market growth. The overall market remains highly competitive with numerous opportunities for expansion in emerging regions due to increasing industrialization and adoption of magnetic pump technologies.
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Flowserve
KSB
Dover (PSG)
Ruhrpumpen Group
ITT Goulds Pumps
Sundyne
SPX FLOW
Iwaki
Richter
DXP-Pumpworks
CP Pumpen
Magnatex
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global ISO and ANSI Magnetic Industrial Pumps Market
Magnetic Drive Pumps
ANSI Pumps
Chemical Processing
Oil and Gas
Water Treatment
Chemical Manufacturing
Pharmaceuticals
Food and Beverage
Pulp and Paper
Mining and Minerals
Flanged Connections
Threaded Connections
Victaulic Connections
Stainless Steel
Plastic
Alloy Materials
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global ISO and ANSI Magnetic Industrial Pumps Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global ISO and ANSI Magnetic Industrial Pumps Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global ISO and ANSI Magnetic Industrial Pumps Market, By Type
6. Global ISO and ANSI Magnetic Industrial Pumps Market, By Application
7. Global ISO and ANSI Magnetic Industrial Pumps Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global ISO and ANSI Magnetic Industrial Pumps Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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